DeFi For You.™ Collateralized NFTs On A P2P NFT Trading Platform!
KIFS Crypto
Today we're looking at DeFi For You.™ — A new decentralized P2P loan economy and the first-ever P2P NFT trading platform built on the Binance Smart Chain, powered by the $DFY smart contract token. Packed with features and created and developed by some huge successful crypto legends, this is sure to be extremely popular!
Defi For You Links: Facebook https://www.facebook.com/DeFiForYouDFY Twitter https://twitter.com/DeFiForYou Telegram https://t.me/DeFiForYou_English Web https://defiforyou.uk/ Github https://github.com/defi-vn/ White Paper https://docs.google.com/presentation/d/1BV5MGl-6vzsYJ2hDZER1pS05yfegE-O25MT_wYlQJ6o/edit#slide=id.g442eb61d9d_0_0 CMC https://coinmarketcap.com/currencies/defi-for-you/
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#CryptoTrading #NFTs #Bitcoin
What is Bitcoin? Bitcoin is the first ever cryptocurrency created using blockchain technology. The concept of Bitcoin was originally proposed by Satoshi Nakamoto in 2009 as a decentralized peer-to-peer digital currency based on the SHA-256 protocol.
Bitcoin is a unique form of digital currency - it is fully open sourced without any central authority where anyone can take part. Bitcoin allows for fast and anonymous transactions with low transaction fees. Since the absolute supply of BTC has a fixed issuance of 21 million Bitcoins by the year 2140, it may theoretically increase in value over time.
What is an NFT?
NFT stands for non-fungible token.
In economics, a fungible asset is something with units that can be readily interchanged - like money.
With money, you can swap a £10 note for two £5 notes and it will have the same value.
However, if something is non-fungible, this is impossible - it means it has unique properties so it cannot be interchanged with something else.
It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be the one original painting.
NFTs are "one-of-a-kind" assets in the digital world that can be bought and sold like any other piece of property, but they have no tangible form of their own.
The digital tokens can be thought of as certificates of ownership for virtual or physical assets.
How do NFTs work? Traditional works of art such as paintings are valuable because they are one of a kind.
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