Canza Finance ke Baki Launch ke sath Avalanche ne Africa mein Forex Market mein expand kiya

Avalanche India
Avalanche-India
Published in
3 min readNov 3, 2023

Canza Finance, ek crypto startup hai jo on-chain DeFi products ka suite provide karne ka aim rakhta hai, jismein tokenized African fiat currencies ka use hota hai, usne Baki launch kiya: Avalanche par ek stablecoin platform, jo Africa ke multiple fiat currencies ko support karne ka aim rakhta hai. Canza ke Baki ko Avalanche par natively launch karna, forex trading ko emerging markets tak laane ka first move hai. Avalanche ke transaction ki minimal costs aur lightning speed to finality, Baki ko regional aur global scale par dono institutions aur retail users ke liye ek marketing product banate hain.

Baki ek infinite-liquidity forex protocol hai jisse African currencies ke beech slippage-free swaps hoti hai. Is protocol se users stablecoins deposit kar sakte hain aur overcollateralized, synthetic assets ko mint kar sakte hain, jise zTokens kehte hain, aur jo African currencies se pegged hain. Yeh pehli on-chain implementation hai African stablecoins ki.

Baki ke sath, kisi bhi zToken ko burn kiya jaa sakta hai taki dusri currency mein uski equivalent value ki zTokens mint ki jaye. Abhi, Baki zUSD (US Dollars), zNGN (Nigerian Naira), zCFA (West African CFA) aur zZAR (South African Rand) ki minting ko support karta hai. Currency ke beech sabhi FX conversions central bank rates par di jati hain, jo users ko dollar markets tak sabse acha rates ke access mein help karti hain.

“Baki ka aim continent par FX transactions ke fundamentals ko reshape karna hai, ek robust aur accessible market create karna jahan sabhi participants ko uplabdh sabse achi aur fairest price mile. African currencies ke liye ek synthetic marketplace create kar, hum continent ke ek key challenge, FX scarcity, ko paar kar sakte hain. Avalanche C-Chain, is protocol ko help karne ke liye sabse efficient aur fastest growing blockchain provide karta hai, jismein numerous on ramps aur off ramps shamil hain, jo iska adoption enable karenge.” — Victor Teixeira, Canza Finance ke Chief Crypto Economist.

Apni initial version mein, Baki tokenized Nigerian Naira, South African Rand, aur West African CFA ki on-chain trading ko facilitate karega. Lekin, yeh stablecoins sabse alag hain; directly underlying currency ke backing ki bajay unki backing USDC se hoga. USDC ke support se zTokens, jo USDC se supported hain, specific fiat currencies ke values ko follow karne ke liye programmed hain, jise synthetic stablecoins mein categorize kiya gaya hai. USDC ke support se, jiska market cap $25 billion se adhik hai, significant liquidity, kam fees, aur bahut sare DeFi users ke liye direct UX maintain karte hain.

Baki ka Avalanche par natively launch karna naye way ki shuruaat hai aur yeh first synthetic DeFi market hai African stablecoins ke liye. Is protocol ko Sub-Saharan FX market ke unique dynamics ka fayda uthane ka mauka hai, jo generally high inflation characterize hai, illiquid aur fragmented currencies, OTC aur P2P markets ke CEXs ke bias, DeFi power users ke next wave ko usher karne ke liye.

Baki ke bare mein adhik jaankari ke liye Canza Finance ke Discord par conversation mein shamil ho.

Yah sirf informational purposes se diya gaya, kisi prakar ki representation, warranty ya guarantee ke bina. Ava Labs, Inc., Avalanche Foundation Limited ya unke respective subsidiaries ya affiliates dwara support ya koi bhi investment ya financial advice mein nahi hai. Kripya is Notice ko dekhe aur kisi project ke risk aur benefits ko evaluate karne ke liye research karein.

Avalanche Ke Bare Mein

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