BeGlobal Finance is a DeFi project that is maintained by a public and highly skilled team to provide users with all their DeFi requirements. BeGlobal Finance aims to offer NFTs, trading, optimizer, several utilities, high yield vaults, and various other features to its users. The platform's goal is to integrate as many functions as possible to form a sizeable DeFi platform that connects everything. As per its whitepaper, the core products of BeGlobal Finance are Exchange (AMM), Yield Farming, Launchpad, NFT governance, and Vaults. Launchpad is a platform that helps blockchain-based projects raise capital and give access to initial-stage token sales.
According to its whitepaper, exchange (AMM): BeGlobal Finance integrates a decentralized exchange (DEX) on the Binance Smart Chain. This exchange allows members of the BeGlobal community to trade tokens, participate in yield farming, and earn rewards for their $GLOBAL holdings. When users do a token swap on the exchange, they pay a trading charge of just 0.086 percent.
Yield Farming: BeGlobal's farms are intended to encourage users to provide liquidity for their favorite projects in exchange for $GLOBAL. The more liquidity a DEX has, the better its customers can trade. BeGlobal Finance farms only have minor withdrawal fees. This is a relatively low cost of 0.5 percent.
NFT Governance: To differentiate their NFTs, BeGlobal is developing and introducing distinct gamified mechanics in their DeFi. The platform also wants to give control of the GLOBAL token to NFTs.
Launchpad: BeGlobal community introduces their new project on the launchpads (launchpools). The BeGlobal community gets introduced to new and intriguing ideas through the Launchpad. BSC projects can use the BeGlobal Pools to jumpstart adoption by allocating a part of their tokens to GLOBAL token holders.
Vaults: BeGlobal Vaults come with a variety of features. Some auto-compound, while others are utilized to earn BNB or various tokens. Users can utilize them to increase the yield, save fees, and avoid the inconvenience of manually staking their Global tokens.
$GLOBAL token is a BEP-20 token with the ticker symbol GLB. BEP-20 is a token standard that defines rules for tokens on the BSC platform. Currently, GLOBAL is an inflationary token. A token with an increase in circulating supply is regarded as an inflationary token. As the project progresses and additional deflationary techniques are applied, the goal is to transform GLOBAL into a low inflationary token. The token is used to earn other tokens and help the platform own NFTs.