The DeFiChain ecosystem has an active community with talented builders who are pushing the boundaries and advancing the capabilities of DeFiChain.
Today we shine the spotlight on CRYPTO FACTOR – a new project that explores the future of digital infrastructure and the cutting-edge technology that will drive digital efficiency and freedom.
CRYPTO FACTOR aims to become a one-stop shop for anyone looking to start their own crypto project, streamlining the process and providing all the necessary tools and resources in one place.
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CRYPTO FACTOR is led by a talented and experienced team dedicated to creating innovative solutions within the DeFiChain ecosystem. Let's meet the key members behind this project.
Matt (aka DEFICHAINFACTOR), is a seasoned payment technology specialist with over 25 years of experience in the traditional fintech industry. Its expertise covers card and contactless card technology, transaction processing, payment networks, authentication systems, card management systems, device payments and tokenization (e.g. Apple Pay, Google Pay).
Matt entered the digital asset space in 2016 and progressed into DeFi in 2020. With his extensive experience in traditional financial technology and keen interest in the evolution of the digital asset space, he is particularly well placed to bridge the gap between these two worlds.
Kiril is another key member of the CRYPTO FACTOR team. With a background in software development for local authorities, Kiril has extensive experience in building scalable and secure software-as-a-service platforms.
Kiril's journey in the blockchain space began in 2016. After a hiatus, he returned in 2020 with a renewed interest in building on DeFiChain. In addition to his work at CRYPTO FACTOR, Kiril is the CEO of OpenDAppsCloud.
Alex is the user experience and user interface (UX/UI) expert. He is responsible for ensuring that project solutions are intuitive, visually appealing and user-friendly.
Marcel is an expert in digital imaging and visual representation. He brings his creative talents to create compelling visuals that reinforce the brand image and appeal of the project.
David is the community manager of CRYPTO FACTOR. With over 100 members on the project's Telegram channel, David oversees social media channels and fosters engagement with the growing community.
Their collective expertise in traditional finance, software development, user experience, visual design and community management positions them as a formidable driving force for innovation in the field of decentralized finance.
CRYPTO FACTOR aims to provide next-generation infrastructure that allows users to easily explore the horizons of a decentralized future.
At the heart of CRYPTO FACTOR is the concept of Decentralized Entity Execution (DEE) via Infrastructure as a Service (IaaS) – so users can run decentralized applications or services on distributed infrastructure provided as service, thus allowing increased security. execution environment, transparent and resilient. CRYPTO FACTOR will introduce extensible DEE configurations that establish the on-chain entity, much like a decentralized private enterprise emulation.
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These setups will include all the basic instruments required to run a digital business, such as tokens, vesting, staking, asset support, DEX insertion, and other future features accessible through the CRYPTO FACTOR platform.
CRYPTO FACTOR is also an aggregator of Web3 on-chain infrastructure services, blending these services into a deployment model that can be run on EVM-enabled blockchains like DeFiChain's MetaChain (DMC). It combines all available components of the platform to create an ecosystem around it while supporting DeFiChain, DMC, DFI and DUSD.
This approach allows new projects to leverage the heavy lifting of CRYPTO FACTOR, allowing them to focus on their business ideas and initiatives without the complexities of building the underlying infrastructure.
Although the underlying structure is complex, CRYPTO FACTOR aims to drive adoption of DMC for existing and new users by making it easier to convert ideas into digital reality. This should enable a new wave of value-added services on DeFiChain and beyond.
CRYPTO FACTOR is committed to pioneering and developing this resource at an extremely competitive price. Deployment fees are initially measured based on an entry threshold of the platform's native CFR token to be staked and a fair value deployment price in DFI.
By combining participation and integration with DeFi protocol products, service connections, and partners, CRYPTO FACTOR aims to enable users to explore new capabilities to “fund your future” in the decentralized world.
The CRYPTO FACTOR platform can be described as a decentralized software deployment platform built using OpenDApps Cloud Software-as-a-Service solutions.
It offers the deployment of different predefined models, such as the deployment of an on-chain entity or the tokenomics configuration, containing several smart contracts and their respective configurations. These templates are designed to provide solutions ready to meet the different needs of blockchain projects and businesses.
To better understand the concept of decentralized software models, consider one of the models available on the platform: a token project using fair launch.
If you want to launch a token project on the MetaChain layer, you may be wondering what you need and where to start. Many people may not have the answers or technical knowledge to start the project on their own. This is where the CRYPTO FACTOR platform can be incredibly useful for project owners.
For your token project, you can choose the model of a token with a fair launch. All you need to provide are a few basic parameters such as token name and symbol, total supply, target DEX price, and some simple checkbox configurations.
After providing the required inputs, you can deploy your token model and simply wait for the transaction to fully execute on the blockchain.
In a single transaction, the token project template will perform the following operations:
- Deploy an on-chain entity that will own the entire project, allowing ownership to be transferred with a simple transaction.
- Deploy a token with flexible tokenomics using the customer-provided name, symbol, and provision.
- Configure default tokenomics for buying and selling taxes on the DEX.
- Deploy staking for the token, where rewards are generated from DEX trading fees.
- Configure staking with all required settings to integrate into the ecosystem.
- Deploy asset support for the token with a target reference price and predefined native token support.
- Depending on the template configuration, enable the presale extension for the token.
- List the token on the blockchain's main DEX with provided liquidity and target price.
As you can see, the template does all the heavy lifting when it comes to deploying and configuring a token project. A more experienced user would easily perform 50+ transactions to achieve the same deployment using OpenDApps Cloud's lower tier services.
The model knows the important steps and leaves only the main inputs for the client.
In addition to template deployment, the CRYPTO FACTOR platform will offer a specialized dApp dedicated to management, monitoring and further configuration of services after deployment.
The dApp allows customers to easily access their smart contracts without the need for in-depth knowledge of smart contract interaction and storage. This makes the platform accessible to a wider audience, even those without coding skills or experience.
Platform customers also have access to the public dApp, which they can share with their project communities, providing access to staking, asset support, charts and more. All of this is available through the CRYPTO FACTOR platform and is designed for ease of use and user satisfaction.
CRYPTO FACTOR is an ambitious project that aims to revolutionize the way we interact with digital infrastructure and unlock the vast potential of decentralized applications. By leveraging cutting-edge technologies and fostering collaboration, CRYPTO FACTOR is committed to simplifying the deployment and management of decentralized entities, while enabling users to “fund your future”.
As the DeFiChain community continues to thrive, projects like CRYPTO FACTOR demonstrate the spirit of innovation and the relentless pursuit of game-changing ideas. The journey ahead promises exciting challenges and opportunities, and CRYPTO FACTOR is ready to meet them, paving the way for a new era of digital empowerment within DeFi.
Would you like to know more about CRYPTO FACTOR? Follow CRYPTO FACTOR enabled X(Twitter)join the growing Crypto Factor community on Telegramtake a look at their white paper or check out their website.