Dec 3, 2020
DeFinance Project Update #2 November Monthly Report
Definance team is thankful for all the hard work our engineers and community members have put in, to realised the tremendous growth for the past few months! Growing over 100% in token value for the past few months at HUAX , and Uniswap all thanks to the support and confidence of our community members.
Our community members across our social communities have also reached more than +5,000 members combined, across our international and chinese social media and group. For that, our team is thankful for the community support towards the same mission of on-chain conversion of traditional and digital assets. Following will be our progress report for November, along with the growth in our milestone recap.
About Definance
Definance empowers decentralised gateway protocol for Crypto and Financial Assets. Through on-chain smart contract functions, to ensure transparent, accountable, and secure transactions globally. With the support of smart contracts on-chain, users no longer need to use centralized transactions or over-the-counter transactions (OTC) to realize the free conversion between digital currency and legal currency, in a secure and compliant manner.
Technical Development
DEFI 1.0 — non-custodial wallet : Definance Wallet
Throughout November, the core development team continued to make remarkable progress across different aspects of Definance product. With the decentralised layer foundation of non-custodial multi-currency wallet, Definance Wallet is now live, supporting Bitcoin, Ethereum and DFIN storage.
This provides users a better, faster and more scalable decentralised access to defi services and fiat gateway payment. Existing users of imToken and Metamask can also connect directly, to enjoy the convenience.
DEFI 2.0 — Fiat payment routing
As we draw closer to the release of DEFI 2.0, the front-end application is now in testing phase. While liquidity partnership is established with licensed counter-party to provide an aggregated fiat to buy digital assets channel. Soon, users will be able to buy Bitcoin, DFIN and Ethereum with local payment methods.
International Version — Multi-Language Site
International version of Definance website is also live with multiple languages, supporting English, Chinese, Thailand, melayu and more. This is part of our international user expansion effort, while servicing regional users in a better way.
Marketing and Operations
November has been another busy yet exciting month for the Definance team. Following the successful launch of our Defi Wallet 1.0, which attracted a increase of over 4000+ community members. Additionally, we also secured partnership with prominent industries companies such as imToken, Cryptorank, Huax and more to come.
In December, the marketing team will be shifting the focus to the launch phase of 2.0 Fiat Gateway. We are anticipating the acceleration of infrastructure development, governance mechanism deployment, component integration, and intensive testing as well as optimizations throughout the protocol. We look forward to 2.0, which will introduce a seamless way for users to buy digital assets with their local payments.
Social Media :
Additional information
- Whitepaper
- Token Economics
- Fee & Supported Payment
- DFIN Smart contract Address
Exchange / Wallets:
Strategic Partners:
Join us to reshape the future of finance!
Are you looking to be a part of the crypto-finance revolution that is changing the future of finance? To serve a greater mission to accelerate crypto finance adoption and on-board business use case as a service platform. We are looking for interested candidates in the field of smart contract developer, that’s well versed with solidity language development and security audit.
Contact us at info@defitech.io
