Paxo Finance
Paxo Finance:
#PAXO.Finance $PAXO #cryptocurrency #Defi #Cryptoloans
This project is a powerful technological source. And has
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The best platform and concept. Great future and Good team i think this projects
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survives because it is good, I believe it is good, so I use it and everyone
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> Lanuna.finance Ambassador.:
The PAXO project is a
decentralized protocol that opens up to borrowing and collateral lending
options in the DeFi space. PAXO is a potential crypto project that has raised
1m$ with a strong future
> Lanuna.finance
Ambassador.:
Paxo Finance is compliant
to the cryptocurrency and blockchain industry’s best security practises. All
our smart contracts are certified-secure and have been audited by a reputable
blockchain se
TWO ONGOING EVENTS YOU
SHOULD TAKE ADVANTAGE OF WHILE ANTICIPATING PAXO LAUNCH!!!
PAXO BOUNTY CAMPAIGN
PAXO Finance team is offering 20K USD Worth of $PAXO Tokens through the ongoing Bounty Program. The Bounty Campaign is live already will run till the 8th of July, 2022.
Hop in and accumulate stake
PAXO MEME COMPETITION
Paxo is inviting all community members to participate in a Meme Contest with a price pool of $750 to be shared among winners.
I hope to see you come up with something humorous and spiced with utmost creativity in the entire memeosphere!
The
core of blockchain technology is digital currencies, and decentralization is
its heart. The last decade has seen massive growth in crypto market
capitalizations. A primary reason for this is heavy adoption by governments,
corporations, as well as individuals.
Since
most of the digital currencies label themselves as decentralized, amateur
crypto traders can find centralized exchanges misleading. Although blockchain
technology is responsible for the shift to a trustless economy, centralized
exchanges are holding it back somewhere. But we must not lose sight of the fact
that centralized exchanges also help in brewing trust in times when blockchain
technology is facilitating a shift to a trustless economy.
DeFi
protocol had become the need of the hour with the ever-increasing risks of
centralized exchanges. Be it the massive security breaches or vulnerability to
increasing hacks; traders are shifting their focus to DeFi. This has led to
incredible growth in transaction volume over the years.
Most
of the DeFi projects these days are lender specific.This means the borrowers’
often have little to no advantages and can get stuck in complexities. Paxo
Finance is designed to benefit both lenders and borrowers through higher
capital efficiency.This generates higher interest for lenders and maximum
capital access to borrowers.
Paxo
Finance is an under-collateralized lending protocol built on a trustless and
secure Blockchain.The smart contract used by Paxo finance does not rely on the
credit scores of any centralized institutions like banks to facilitate lending
services. The protocol has been built with keeping both lenders and borrowers
in mind and provides attractive and sustainable rates of return to lenders and
under- collateralized loans to borrowers. Our mission at Paxo Finance is open
crypto loan accessibility to the world.
What’s happening with Undercollateralized
DeFi Lending?
Our
interest rates are competitive and below market standards and this makes it a
highly popular lending protocol for under-collateral loans. Centrifuge, (
another lending protocol 2.0), mostly takes real-world assets and invoices as
collateral for loans. Also, there are some protocols, who take NFTs as
collateral.
Link to website:
https://www.paxo.finance/
Link to Medium:
https://medium.com/@paxofinance
Link to Telegram:
https://web.telegram.org/z/#-1687025007
Link to Whitepaper:
https://docsend.com/view/kyczhvpr5pshr8c4
Here
are a few live examples to help you understand Paxo Finance’s model better
1. Systematic investment
for retail users:
How does Steve benefit from
using Paxo Finance?
Steve’s Background-
Steve
has been watching blockchain/ crypto space since 2018. He has watched the major
rally of Bitcoin from $5k to $60k. Also, he has witnessed the rise of DeFi,
NFTs, and now metaverse. He does his due diligence on many Blockchain projects
by reading whitepaper, their tokenomics, research about the team behind the
project, etc. He regularly analyses trading charts of many cryptos, but does
not have the funds to take the plunge.
Opportunity -
Steve
has witnessed the rise and fall of many Cryptos. He has become proficient in
identifying the major trends of the coins. He places high importance on risk
management. He likes to wait for the correct trading pattern formation. During
the Bitcoin rally of 2019 to 2021, Steve hasn’t participated due to the lack of
funds.Fortunately, he has identified some trades. He began his research for
under collateralized loans and found our protocol — Paxo Finance.
Paxo finance -
We at
Paxo Finance solve Steve’s exact pain point(lack of funds) . Our lending
protocol provides 3X to 5X loans for just X amount as collateral. He takes $100
from his savings and gets a $500 collateral with Paxo Finance, thus
kickstarting his crypto journey.
Repayment/ EMI -
With
competitive interest rates, he manages to repay the loan amount easily and is
diversifying his crypto portfolio now. He decided to pay the amount back in
monthly installments and cleared the loan eventually.
Overall Benefit -
Steve
has missed some of the good Crypto trades and in some cases, used his small
fund, which resulted in small profits. But with the help of our protocol, Steve
has access to a large capital to fund his trades, thereby making good returns.
The low interest rates keep him happy because the gains are much higher.
2.Funds for Expert Traders
Paxo
Finance is an Under-Collateralized lending protocol for on-chain margin
traders. In fact, margin trading is one of the most important use cases of our
lending protocol. There are only two types of trading positions, which can be
taken — long and short positions. When you long a trade, it means you are
betting the price to go up, similarly when you short, you are betting the price
to go down. If the trade goes, in your direction you make a profit else you book
a loss.
How Mark made 32% profit by
investing $500 using Paxo Finance
Mark’s Background-
Mark
is a final year Economics student. He has managed to save $500 from his
part-time job at Chipotle, and wants to invest the money for a short term. He
has had BNB on his radar since August now, and saw good growth in the coming
month.
Opportunity -
BNB
has been trading in the $400 range since October, and Mark believes holding a
few coins for a month can get to $600+. However, he only has $500 with him, but
has faith in the growth. Therefore, he decides to take a $2000 loan using Paxo
Finance, using his $500 collateral.
Paxo finance -
Mark
requests a loan from our platform and does the needful. He is also certain he
can manage to cover the loan in the given time with the interest rate.
Therefore, Paxo finance allocates him the $2000 amount and seals the deal.
Repayment/ EMI -
Guess
what? He manages to make a $200 profit/ binance coin and manages to repay the
loan within two weeks time. He decided to make a one time payment, thereby
keeping the profit with him.
Overall Benefit -
Risk management
We
consider Risk management as a very important metric before funding traders. One
of the famous rules in the trading world is, “Heads I win, tails I don’t lose
much”. The average risk-reward for a Good trader is 1:3, which means you are
risking $10 for a profit of $30. As a trader, your main responsibility is to
manage risk, the profit follows. Every trading position must have a predefined
stop-loss.
Profitability
There
are many types of trading-scalping, day trading, or swing trading. Each has its
own advantages and disadvantages. We are more likely to fund traders, who have
a good trading history. The profit and loss statement should have less
variance, which means it’s better to have 15%, 18%, and 20% return in 3
consecutive quarters than having a return of 40%, -50% and 30%.
Margin Trading and under
collateralized loans
Let’s
assume you want to Day trade in Ethereum and place a buy order for 10 ETH in
your crypto trading terminal. Normally, for this trade to happen, you need a
balance of around $40K (assuming 1 ETH Costs $4k). But with Margin Trading, all
you need is a balance of around $10k — $20k to day trade in 10 ETH. The Margin
trading industry is huge. Under-collateral loans will give this industry a
massive push. This will further help the Crypto market in price discovery.
Other day trading products like stop-loss orders, bracket orders may use
under-collateral loans to their advantage.
Paxo finance and Crypto Trader
The
market capitalization of all Cryptos and altcoins combined stands around $2.6
trillion. The Crypto industry is slowly becoming mainstream. The trading
volume at Binance was $789
billion in September. Similar trading volumes can be seen in all the
major Crypto exchanges. Within a few years, these crypto exchanges will surpass
the trading volumes at stock exchanges like NYSE, Nasdaq. Due to this, the
number of Crypto traders will increase significantly.
Paxo Finance understands
the pain point of Crypto users. We provide Under-collateralized loans, which
can be utilised for both short and long positions. We offer a platform for
millions of DeFi Crypto traders to help scale their trading journey.
We
are looking forward to working with the crypto trading community with our
services and products. It’s our mission to help millions of Crypto traders all
around the world.
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