MySquare: An Ecosystem Aimed At Accelerating DeFi Take Over With An Efficient NFT Platform

HO CHI MINH, VIETNAM / ACCESSWIRE / August 31, 2021 / Decentralised finance has set out to disrupt conventional financial practices and has been successful so far in innovating products that support the same. Financial independence is a recurring theme in the cryptocurrency world as anyone and everyone with the capacity can participate and reap great financial and economic benefits. The global pandemic accelerated the adoption of the decentralised financial ecosystem and it surpassed all its achievements in 2020. The growing demand for virtual products and secured yet frictionless financial solutions has made digital entities like cryptocurrencies earn massive global awareness. Even though the underlying concept is complicated, people seem to have grasped its potential and are overcoming the technological gap with increased efforts. The current advances in the DeFi ecosystem is merely the tip of the iceberg as many more untapped potentials abound even as adoption increases.

About MySquare

Since low accessibility, disproportionate information and high volatility has lead to limited adoption of DeFi projects among the beginners, it is time to implement better infrastructure that is more accessible and easy to use. With this exact vision, MySquare has set out to be a game-changer in the DeFi-NFTs space. Its vision is to build products that support the DeFi ecosystem and help people move from traditional systems to advanced and new-age financial solutions.

MySquare offers a reliable, highly secure and user-friendly platform that allows everyone to mint NFTs, auction NFTs, buy or sell NFTs and store or stake NFTs and other cryptos. The current DeFi solutions are quite limited in the access they offer to and utility they permit their users to derive from NFTs, and their systems offer limited user support in navigating the emerging world of NFTs.

MySquare Ecosystem performs the purpose of providing a wide range of specific services that start from secured and unsecured loans to money-saving products.

It aims to create a closely-knit society within the global blockchain ecosystem. The community is inclusive, diverse and well supported. The interests of the community are prioritized and they have access to the governance of the system through voting. The solutions provided by MySquare are equally beneficial to both lenders and borrowers. The product names of MySquare are derived from Samoan culture and this is because they reflect the nature of Samoan tribes.

Features of MySquare

There are well thought out and extensive set of features provided by the MySquare wallet and marketplace solutions. The decentralised marketplace will allow users to create and trade virtual goods in the DeFi marketplace.These solutions offered by the mysquare protocol are to be released with a public API as well as software development kits to aid utilization and improvements of the ecosystem by developers.

The transactions in MySqaure are carried out with very low transaction fees which are paid in the form of SQF, which will also be an extensive utility to the token. SQF can also be staked in users' wallets whenever the NFT that they created is viewed on the app. All transactions and payments in MySquare are paid using crypto with a peer-to-peer system among the members. Coins that can be utilized on the platform include $SQF, BTC, ETH and other high market capitalization coins/tokens. The app will not support any centralised payment methods. MySquare wallet is completely transparent and the digital ledger is open to anyone and everyone. Those who want to view transaction histories and real-time trades can do so without a hindrance. The platform is completely hack proof. An inbuilt military graded firewall system is incorporated with it and the chains in the system are immune to any kind of attack from hackers. Repeated checks are run on the database to make sure it functions properly.

Roadmap to the Future

In the fourth quarter of 2019, MySquare received seed funding from private equity investors and kicked off the journey of demystifying NFTs. After setting up the team made up of individuals of diverse backgrounds in the first quarter of 2020, development started and by the fourth quarter of 2020, the beta version of MySquare was launched for testing purposes. In the first quarter of 2021, they infused advanced NFT handling capabilities while focusing on expansion of functionalities. For the second quarter of 2021, their major focus was community expansions and social awareness building and they are set to launch their presale on 10 September of 2021. This is to be followed with further listing on exchanges as the countdown to the launch of the alpha version of MySquare scheduled for the first quarter of 2022 intensifies.

The Mysquare Team

The core team behind MySquare include John Chopra, (Chief Technology Officer), Alexey Mikhail (CEO) and Jones Cheng Lisa (Chief Financial Officer)

To know more about MySquare, visit their website: https://mysquare.finance/ and for the latest update you can join their community on Telegram and Twitter.

Media Details

Name: Alexey Mikhaïl

Company Name: Square Finance
Website URL: https://mysquare.finance/
Location: Ho Chi Minh, Vietnam
Official Email ID: [email protected]

SOURCE: Square Finance

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