What Is Eqifi (EQX)?
Eqifi is an organization that develops a global DeFi pathway for users, facilitating more services and products that can assist the user with financial solutions. The organization streamlines the intricate universe of DeFi via blockchain technology, where the organizational token gets the chance to democratize the financial products previously available only for privileged users. According to the website, Eqifi aims to extend digital asset owners with few options to safe custody and banking-level access to digital assets. Eqifi seeks to create a next-generation high-level user experience with a reliable, suitable, user-friendly DeFi platform that can assist the financial lives of traders, making the overall process simpler.
Eqifi aims to build a platform that is accessible for everyone to use DeFi and beyond. The motive is to introduce the recent innovations in DeFi to promote users' financial freedom and help them acquire personal and financial objectives. With a global DeFi option, the idea is to deliver more products in comparison to other decentralized systems and become the industry world commander in DeFi.
According to the website, Eqifi's native coin, EQX, provides higher returns, staking rewards, ultra-low-cost loans, and more. The token makes ideal usage of crypto and banking, giving users the means to streamline asset administration, lending, and borrowing techniques. The advantages provided by EQX are:
Staking rewards: Users can own EQX tokens to gain up to 25% staking rewards.
2. Liquidity mining: Participants can stake tokens in liquidity pools based on interests and staking duration.
Bank accounts: EQX token holders hold priority access to the EQIBank accounts.
Higher LTVs: Individuals get EQX for up to a 25% increase in LTV. LTV refers to loan-to-value and means the size of the asset in respect to the worth of the property users wish to purchase.
Token governance: Users can own EQX tokens and become eligible to vote for fresh features.
Higher limits: By owning EQX tokens, users can relish higher limits on DeFi products.
The token's guiding principles are transparency, integrity, and simplicity. With the features mentioned above, the token seeks to simplify asset management and make lending and borrowing on crypto convenient and secure.
History of Eqifi (EQX)
Brad Yasar is the CEO of the Eqifi organization.