CBFi-Deflationary DeFi token built on the BSC Chain BEP20, Ethereum chain ERC20, and DDK Smart Chain DRC20
Overview:
CBFi token is a first-of-it’s-class, autostaking, deflationary, utility coin. It improves the previous concept of coins deflationary, voting staking coins by adding utility and param tweaks to benefit holders.
CoinBox Finance Token (CBFi) is a BEP20 compliant token issued on the Binance Smart Chain platform and ERC20 compliant token issued on Ethereum Chain and DRC20 compliant token issues on DDK SmartChain. CBFi will be a token that can be move into any 3 chains (interoperable) using CoinBox Multi-Chain Bridge as the solution.
For the first phase of the CBFi token launch, we will create the BSC (Binance Smart Chain) token using the BEP20 protocol, which we can see listed here:
The creation of CBFi in the first phase using BSC allows CoinBox Finance wallet users to use all the services and products available in the world of DeFi, NFT, and DApps that exist as many opportunities for all of us.
What is (DeFi) Decentralized Finance?
Decentralized finance, also known as DeFi, is a fast-growing sector of the cryptocurrency industry. While cryptocurrency coins create a decentralized store of value separate from any government-backed fiat currency, DeFi creates decentralized financial instruments different from traditional centralized institutions.
Most DeFi platforms take the form of decentralized apps, known as dapps. These dapps use a series of smart contracts to automate financial transactions, making them faster, more efficient, and often more affordable than their centralized counterparts. Likewise, because dapps are governed by computer code, which is inherently neutral, there is no issue of bias.
What is a Deflationary token?
If the total circulating supply of a token is constantly being reduced to the predetermined amount, then that token we call a Deflationary token. On the other hand, inflation is adding more of that token to its circulating supply. Therefore, all fiat currencies that are government-issued currencies are inflationary.
In the world of cryptocurrencies, deflation is subject to tokens or coins, and their value will fundamentally increase relative to national currencies. Therefore, in the case of deflationary cryptocurrencies, the constitutional premise is to gradually reduce the existing number of available tokens by eliminating them from the market in a process that is generally called token burning.
CBFi Deflationary Token Models
Crypto is transforming traditional finance as we know it; this is apparent with the rapid expansion of the De-Fi sector in the past 6–12 months. Many De-Fi projects’ primary focus is their token models, and projects have become very creative. However, there are two fundamental categories that token models can fit into, deflationary or inflationary tokens. For example, CBFi implemented a 1% burned on every transaction from every transaction in DEX and Liquidity Pool to implement deflationary token models, which provide unique opportunities to long-term holders.
What is CBFi token?
CBFi is a decentralized Deflationary token with one goal in mind, to become a feature-rich and useable cryptocurrency aimed at rewarding holders through mobile experienced using CoinBox Finance Wallet. CBFi token is designed to be easy to use, fast yet will have all the features and developments to make it a big contender in the cryptocurrency world.
CBFi token is the native currency of the CoinBox Finance ecosystem. CBFi can be used in the ecosystem for rewards, governance tokens, and other Defi features like staking and farming.
Goal
The goal is to provide our community and users with an easy and fun way to send and receive transactions, privately swap tokens, vote on upcoming developments, and more. CBFi was created as a gateway to allow users to get to know blockchain and cryptocurrency technologies through the experience of using a Mobile Wallet. CoinBox Finance aims to make CBFi token accessible for every person, from Gen Z to Baby Boomers, to make domestic and international transactions simple and fast conveniently — no limitations, using the technology.
Unique Features of CBFi
- 📦 Integrated into CoinBox Finance Non-Custodial MultiChain Mobile Wallet
CBFi will be the multi-token swap with built-in Layer 2 Off-Chain solutions on CoinBox Finance Wallet. This will allow your transactions to be fewer fees than average transactions and instant payment for Merchant adoptions. In addition to that, CBFi token holders can use P2P, NFT’s, Token Creator and utilize them for daily usage demands.
- 🔗CBFi DEX
CoinBox DEX, a highly secured decentralized exchange that will allow you to easily buy, sell, or swap different tokens instantly while protecting identity at all times on (BSC) Binance Smart Chain. Using CBFi token to participate as Liquidity Provider, receive fees from all transactions, and stake your CBFi token in Yield Farming and Syrup Pool at Pancakeswap.
- 🎁 Holder Rewards (Autostaking)
CBFi autostaking mechanism proportionally redistributes the 3% transaction fee to all wallets. Thus, of the 3% transaction fee, 1% goes to the liquidity pool, 1% distributed to all holders, and 1% will be burned forever, which affects real-time circulating supply reduction on every transaction. Over time, the redistribution will increase after many transactions as the community grew and the use of CBFi tokens was made widespread.
- 🔪Cut fees in CoinBox Finance Wallet
By simply storing liquid CBFi tokens in CoinBox Finance Wallet allows you to reduce fees to perform transactions in it. It’s includes transferring bitcoin, altcoins, and all other tokens. Fees are also reduced for P2P transactions, creating NFT’s, and creating your own tokens using Token Creator.
- 🏨 CoinBox Merchant
E-commerce payment apps with QR-invoice integrated will allow online and offline stores to accept $CBFI as a payment method. Accept payments and get paid instantly with absolutely no hidden transaction fees. You are also fully protected from online scammers and chargebacks. The seller and buyer’s identity is also fully protected. Payment plugins will include Shopify, WooCommerce, PrestaShop, OpenCart, Magento, BigCommerce, and more.
- 🆘 CBFi Charity
The CBFi team has decided on doing charity work to help people and animals in need. So we have allocated 2.5% from Total Supply to help people in need and donate to select charities that the CBFi community can vote on.
- 🎨 NFT Marketplace
The CoinBox Finance NFT marketplace will allow anyone to offer their artwork. People can then bid and purchase an NFT. Anyone will be able to open their personal marketplace using the CoinBox Finance NF(royal)T’s. A team of talented artists will also create limited edition collectible NFT cards.
- 👩👦👦Earn Bitcoin, Altcoins, and many cryptocurrencies with CBFi
CoinBox Finance developed a powerful referral generating income through Layer 2 solutions by providing Referrals on “Assets Transfer” and “P2P Transaction”. The principles of the Referral Program are to give the opportunity to make widespread adoption to your friends and community to introduce blockchain assets Bitcoin and Altcoins.
Referral rewards received are in the form of assets transferred by your group. For example, if your group transfers Bitcoin, you will receive Bitcoin as a referral reward.
Conclusion:
CBFi is a deflationary token running on CoinBox Finance Non-Custodial Mobile Wallet that helps users interact with the blockchain much easier. Users can send and receive transactions faster with fewer fees on CoinBox Finance Wallet suitable for Micro-Payment, swap tokens privately with CoinBox DEX, vote on developments, and more. In addition, CBFi in its roadmap to build a highly-secured DeFi ecosystem completed by early 2022 for bringing blockchain and cryptocurrency technology to the masses.
Fill in this form to join CBFi Airdrop Starter Program :
➡️Form Link: https://coinbox.typeform.com/to/X0dRNgKx
Fill in this form to request for Private Sales invitation :
➡️Form Link: https://coinbox.typeform.com/to/Skxowz2K
Read More Here:
➡️Website: http://coinboxfinance.com/
➡️Telegram: https://t.me/coinboxfinanceOfficial
➡️Twitter: https://twitter.com/coinboxfinance
➡️Gitbook Information: https://coinbox.gitbook.io/
