We are delighted to announce our latest strategic partnership with BitcoinVend — an all-purpose application on a mission to integrate cryptocurrency into everyday life.
- DAFI and BitcoinVend have formed a partnership to explore the integration of smart synthetic dTokens.
- BitcoinVend will also allow users to use $DAFI within its marketplace and internal exchange.
- By using dToken technology we can encourage the long-term success of decentralized economies.
BitcoinVend x DAFI Protocol for global blockchain adoption
DAFI Protocol and BitcoinVend share similar visions of increasing the global adoption of blockchain technology. Both projects approach this ethos by promoting the long-term existence of decentralized economies in the blockchain industry, while making mass adoption simple. .
DAFI’s algorithmic approach considers BitcoinVend’s growth to calculate rewards. Through the integration of smart synthetic tokens, the all-purpose decentralized application can achieve equilibrium between supply and demand.
Indeed, BitcoinVend would be able to make rewards distribution programs proportional to its network usage. The smart synthetic dBCVT tokens are collateralized with its native token, BCVT, to control the circulating supply.
The smart synthetics solution will also add use cases to the BCVT token since it will operate optimally with a protective layer against the effects of supply shock and hyperinflation. Moreover, it strengthens the network by encouraging long-term users and eliminating short-term speculators. These features promote a healthier community and ecosystem while attracting more users to BitcoinVend’s marketplace.
The DAFI community will also enjoy key benefits from the partnership. BitcoinVend plans to help expand the utility of $DAFI by enabling payments using this token. The expected growth and reach of BitcoinVend’s application could transform the DAFI economy as the firm plans to simplify the crypto experience for everyone.
Commenting on the new partnership, Christopher Cousins, Founder, and President of BitcoinVend stated:
“Our mission remains to enable cryptocurrency integration in everyday life. We are confident in this partnership as a platform towards achieving that objective. DAFI’s innovative distribution solution is a revelation to any protocol. With implementation of DAFI, we’re now several steps closer to achieving our goals.”
Zain Rana, DAFI Founder, gave some remarks during the announcement of the partnership.
“Naturally, we prefer complementary partners such as BitcoinVend. The platform is intriguing with its impressive strategy for blockchain adoption. What BitcoinVend is building provides a simple way to onboard users into blockchain services. I’m sure of many exciting experiences ahead as we continue to work together.”
BitcoinVend plans to create the world’s most powerful crypto application to adopt blockchain services by the global markets. The platform is actively working to simplify solutions in the blockchain space by integrating marketplace services, offering convenient payment solutions, and providing an exchange for participants in the application. BitcoinVend’s strategy is to use convenience and simplification through smartphones to onboard users from mainstream solutions to blockchain solutions in all industries.
For more on BitcoinVend, visit the platform’s social media linked below.
DAFI reinvents how every decentralized network is rewarded. By creating synthetics pegged to different decentralized networks, every blockchain and cryptocurrency can create a dToken flavor to reward their early users while still enhancing scarcity when demand is low.
Our mechanism rewards a network even when demand declines by issuing synthetics that will reward users later — instead of earlier. This approach will change the foundation of all staking, liquidity, and even social reward systems for the entire decentralized world.