Without a doubt, Blockchain has had a massive impact on financial institutions all over the world. Its most prominent representative, bitcoin, has demonstrated to the world the potential and possibilities of cryptocurrency and how it can change the structure of our financial systems as we know them.
One of the possibilities being investigated is the decentralization of financial systems. Decentralized finance, or “DeFi,” in short, aims to create an economic system that does not rely on central intermediaries such as banks, exchanges, and so on to provide financial services.
Consider a global yet accessible replacement for every financial service you currently use, such as savings, insurance, and loans available to anyone with a smartphone and an internet connection anywhere in the world. Decentralized finance apps are financial apps that are built on decentralized technology rather than being controlled by a central structure.
These decentralized apps are built on smart contract blockchains such as Ethereum. While some of these ideas may appear too good to be true, many apps are already available. DeFi has advanced rapidly in the last decade, and this article will examine Embr, a new DeFi ecosystem, and its unique offerings.
Let us dive in.
Introducing Embr
Embr is a new DeFi ecosystem that aims to change the landscape by making blockchain technology and cryptocurrency more accessible. Embr seeks to provide users with an incredible user experience and a plethora of DeFi products to choose from, thereby creating a healthy ecosystem backed by its native token $EMBR. In addition, the Embr ecosystem provides one-of-a-kind services such as:
Embr Social
Embr social is a decentralized and revolutionary social media platform that focuses on using digital currencies in novel ways. The development of a social platform, such as Embr social, is required to reduce the high level of centralization in the social networking industry.
Users on Embr social can create their profiles to share and connect with others, as well as wallet integrations for peer-to-peer payments and an NFT marketplace. Embr social also gives innovators a chance to collaborate and build on the crypto space.
Embr IDO Launchpad
Embr IDO Launchpad provides DeFi startups with the resources they need to take their project from concept to launch. Before being listed on the Embr IDO launchpad, projects are vetted and audited by large auditing firms such as Hacken, assuring users of little to no risk and opening up a world of exciting possibilities with DeFi. Users can also participate in next-generation DeFi projects early on with reasonable vesting schedules.
Embr Token Vault
The Embr token vault is a smart contract built from the ground up by the Embr team and audited by Hacken, a leading security consulting firm. Embr token vaults were created to protect the interests of early $EMBR investors by automatically releasing a portion of Embr tokens every month.
The Embr token vault would be used to vested Embr tokens allocated for the private sale, public sale, and the Embr team. The vesting schedule is in two forms. First, there is the private presale with a nine-month vesting schedule of 11% and another vesting schedule of 15% for six months for the public presale to prevent market dilution and exits before realizing the ecosystem’s vision.
In addition to the Embr token vault, it is essential to note that the Embr token and the IDO crowdsales smart contracts were built from the ground up and audited by Hacken, demonstrating the hard work and dedication to making Embr a safe, secure ecosystem for its users.
Embr App
The Embr app would feature over 300 tokens and launch on the Binance Smart Chain, with plans to support other chains such as Polygon and Ethereum. The Embr app allows you to track your digital assets quickly, and plans are in the works to introduce cryptocurrency trading according to official sources. Another feature to watch is the Embr swap, which allows almost instantaneous swaps on the Binance Smart Chain, and is also under development.
Conclusion
Embr is a gateway into the decentralized world of DeFi (CeDeFi) that aims to improve the fairness, safety, and simplicity of the DeFi experience. DeFi projects such as Embr aim to lower the barrier to entry and accelerate the adoption of blockchain technology.
Transparency and security are critical elements that will play an essential role in achieving DeFi’s primary goal of displacing traditional financial methods worldwide. Embr provides both, and only time will tell how much of an impact this project will have on DeFi’s future.