World of decentralised ETF’s — A new era in finances world.
ABOUT TEAM
We are working in traditional finance and banking on a daily basis. We have many years of experience in investing in traditional assets. A large part of our team dealt with the supervision of ETFs and other financial instruments.
Unfortunately, when we look at what is happening in the current economy, we start to worry more and more about how long the traditional currency, like the dollar, the euro, will still have value.
The project we are working on is a response to the modern monetary ecosystem that is currently under construction in front of our eyes.
We want to be part of it and with our knowledge we decided to create ETFX.
THE PURPOSE OF THE PROJECT
Make decentralized ETFs accessible for everyone, independent of centralized entities.
WHO IS THE PROJECT AIMED AT?
For social groups, large private groups (telegram, discord), for cryptocurrency influencers recommending projects with potential profit.
Example:
✅Let’s say there’s a Mr. Crypto who makes a “Crypto that will grow in November” video.
✅He creates his own ETF in this way, with the help of his community (or even himself) - The ETF contains the tokens he talked about in the video.
✅People start buying this token which represents his entire bundle of tokens.
✅He makes money by providing liquidity.
✅He earns ETFX which he exchanges for ETF1.
✅He has extra income and the others have a safe investment.
The same model can be targeted at all large telegram pay groups.
People will be happy 😀
HOW IT WORKS ?
The design itself consists of 3 key elements that are linked together.
1️⃣ ETF
ETF reflects the value of the tokens included in the package. Its price is controlled by TPC, which gets the current price from UniSwap, and via ChainLink from centralized exchanges as necessary.
Liquidity, on the other hand, is provided by LT.
As for the ETF token itself, to save fuel costs, it has two buffers in the form of pools. There are ETF tokens in the pools that can be burned or circulated when someone wants to buy them (like Tether does)
2️⃣ Liquidity & Farm Pool
It is a smart contract that controls the liquidity of the ETF. One smart contract includes all the tokens that make up one ETF.
Liquidity providers get ETFXs in return, which they can use to vote or buy ETFs on the exchange.
3️⃣ Voting Platform Smart Contract
It is a voting platform. Voters stack their ETFX for 2 weeks. After 2 weeks, he takes part in the vote.
Then, when the token bundle to represent the ETF is selected, the ETFX tokens are returned to the voters. The value of the tokens returned is reduced by the cost of fuel needed to burn out the contracts.
This cost is evenly distributed among all.
⏺ Chainlink
Chainlink works only when we are dealing with an institutional investor who needs such an infrastructure.
GRAPH:
ROADMAP
LINKS
Website: https://etfx.finance/
Twitter: https://twitter.com/ETFxFinance
Telegram: https://t.me/etfxfinance
