For Immediate Release
Bancambios Chooses Solana Blockchain to Build its Eco-driven DeFi Platform
Bancambios DeFi the first impact-driven DeFi platform on Solana powered by the launch of the BX token
DUBAI, United Arab Emirates – October 03, 2021 – The long-awaited launch of the Bancambios DeFi project is here. The token, (ticker: BX), will be minted on top of the Solana blockchain, the initial invitation to participate would be released to the Solana and the DeFi community at first.
The technology company that registered to the Solana Hackathon in May 2021, is enthusiastically participating at IGNITION "A Global Solana Hackathon", where Solana enthusiasts gather to build and support the development of DApps using Rust- a highly accessible programming language quickly growing in popularity that has a strong reputation as an efficient, secure, and extremely interoperable language. Enrolling to the Hackathon is helping the project onboarding team members and leading Investors who support impact-driven DeFi initiatives.Why Solana?
Solana is the fastest open-source and censorship-resistant blockchain infrastructure, currently supporting the development of decentralized applications, and it is gaining traction due to its high performance, usability, speed, and audited security. Leveraging superior computational capabilities, Solana allows a higher transaction throughput, proportionally scaling with network bandwidth. The combination of these features, and Solana's 'proof of history' consensus mechanism throughput and expandability, are unprecedented in the blockchain market today. It consequently supports, and can exponentially scale todays speed of 50,000 transactions per second.Mass adoption
The CEO of Bancambios has stated that building their platform on the Solana blockchain will help achieve the normalization of the use of Web3, a key priority on the road to facilitating the globalization of DeFi. “We aim to build a DeFi ecosystem that is conscious of people and the environment- we don't want crypto behaving like traditional players in legacy financial markets. Blockchain, and specifically highly accessible networks like Solana, offer us a chance to create something new. Today we can code DeFi protocols that have real tangible positive influence on the problems we face, like pollution and threats to biodiversity- all through the use of programmable decentralize finance. Our vision is that every DEX on every chain would implement this type of impact-driven tool... imagine the difference this can make. It empowers monetary sovereignty, creation of jobs, and protection of biodiversity at the same time."
In a world that strives towards greater responsibility and stewardship, these initiatives are being globally well received. In addition, Bitcoin adoption in Latin America has put the Bancambios project in a privileged position, with people seeking to learn more about cryptocurrency and decentralized finance. We aim to reach the 1 billion people who are either native Italian, French, Spanish or Portuguese who immediately understand the suggested meaning behind the name Bancambios. The project looks to appeal to those in markets that have been historically underserved, and even exploited. With Bancambios being a portmanteau of 'Bank' and 'Cambios' (which translates from Spanish to 'change, permutation, or evolution'), the team believes the name makes their intentions clear, "we aim to change finance, and by extension the world around us."
About Bancambios DeFi Products
With a decentralized team working globally, who all share positive impact as a common goal. Bancambios is well on its way to making good on its roadmap release schedule (Q4 2021 - Q2 2022). Their products include, but are not limited to - Bancambios Academy, a multilingual DeFi education platform complete with tutorials, workshops, safety notices, and community engagement. Stableswap, a multi-stablecoin swap environment. AlphaDex, a decentralized exchange geared towards highly experienced community members who are confident in their ability to navigate DeFi, and are looking for yield farming opportunities and advanced asset monitoring tools. Lendbook, On-chain lending, and borrowing. The initial product release will include their NFTs and DAO. Additional tools like DAO vaults, options, futures, and derivatives will also be released shortly thereafter.
If you're interested in joining the decentralized financial revolution visit the links below.
For more information on Bancambios visit bancambios.exchange. For updates, follow https://twitter.com/bancambios . For information on the Solana Ecosystem, visit solana.com/ecosystem
BX Token details:
Name: Bancambios DeFi
Ticker: BX
Total Supply: 963,963,963
Network: Solana Blockchain
Website: https://bancambios.exchange/
Project Overview: https://docsend.com/view/cz9ve5nx5aq7tigsRegistration: https://bancambios.typeform.com/BX-PRE-SALE-ENG
Announcements: https://twitter.com/bancambiosTelegram: https://t.me/bancambiosx
Launchpad: https://solster.finance/
LinkedIn: https://www.linkedin.com/company/bancambiosNote: BX is not available for citizens of the United States or America, Crimea and Sevastopol, Iran, Afghanistan, Syria or North Korea.