Bancambios chooses Solana Blockchain to build its
Dubai, United Arab Emirates, October 03, 2021 (GLOBE NEWSWIRE) – (via Blockchain Wire) The long-awaited launch of the Bancambios DeFi project has arrived. The token, (ticker: BX), will be minted on top of the Solana blockchain, the initial invitation to participate would be published initially for the Solana and DeFi community.
Photo of Bancambios BX available here
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 published initially for the Solana and DeFi community.
The tech company that signed up for the Solana Hackathon in May 2021, enthusiastically participates in IGNITION “A Global Solana Hackathon”, where Solana enthusiasts come together to create and support the development of DApps using Rust – a language of highly accessible programming that is rapidly gaining popularity. has a solid reputation as an efficient, secure and extremely interoperable language. Signing up for the Hackathon helps the project integrate team members and key investors who support impact-driven DeFi initiatives.
For Bancambios, choosing to develop the project rather than Solana turned out to be a move that propelled the project to greater heights, helping to facilitate their goal of bringing DeFi to millions of people. “We’re excited about how the project ultimately came to fruition, and we believe we’ve designed the perfect product to encourage mass adoption – a suite of open source tools that extract the micro-fees from every transaction and redirect them to a impact portfolio that actively supports environmental initiatives with a proven track record. The initial goal of the project is the overwhelming amount of plastic waste that pollutes our oceans.
“Bancambios is the first project hosted on Solana to implement a reflective balance mechanism. Bancambios DAO (Decentralized Autonomous Organization), is where the community of BX holders proposes and collectively decides where to lead the impact built by the DeFi community. Other choices will be oriented towards the programs of the 17 United Nations sustainable development goals. The project plans to document the “proof of impact” by creating a “before and after NFT”. This will serve as an environmental impact study that exists in perpetuity. Bancambios’ DeFi mission is to provide open source tools so that other projects can create their own similar initiatives. “
The back-end development is being developed by three full-stack developers with 10 years of experience building FinTech products.
“Ensuring a grade A platform – it is for this purpose that the Bancambios team has engaged in cybersecurity audits carried out by four different companies. This allows the project to offer a high level platform. security, and consolidate their reputation as trusted partners – an essential building block for integrating new people and institutions into the cryptocurrency space. ” added the CEO of Bancambios.
Solana is the fastest open source, censorship-resistant blockchain infrastructure, currently supporting decentralized application development, and it is gaining ground due to its high performance, ease of use, speed and convenience. audited security. Taking advantage of higher computing capacities, Solana allows a higher transaction throughput, by adapting proportionally to the bandwidth of the network. The combination of these features, along with the throughput and extensibility of Solana’s ‘proof of story’ consensus mechanism, are unprecedented in the blockchain market today. Therefore, it supports and can exponentially increase the current speed of 50,000 transactions per second.
Bancambios CEO said building their platform on the Solana blockchain will help standardize the use of Web3, a key priority on the way to facilitating DeFi globalization. “We aim to build a DeFi ecosystem that is aware of people and the environment – we don’t want crypto to behave like traditional players in traditional financial markets. Blockchain, and in particular highly accessible networks like Solana, offer us a chance to create something new. Today we can code DeFi protocols that have a real tangible positive influence on the problems we face, like pollution and threats to biodiversity, all thanks to the use of programmable decentralized finance. Our vision is that every DEX on every chain would implement this type of impact-driven tool … imagine the difference that can make. It strengthens both monetary sovereignty , job creation and protection of biodiversity. “
In a world that strives for greater accountability and stewardship, these initiatives are generally well received. Additionally, the adoption of Bitcoin in Latin America has placed the Bancambios project in a privileged position, with people seeking to learn more about cryptocurrency and decentralized finance. Our goal is to reach the billion native speakers of Italian, French, Spanish or Portuguese who immediately understand the meaning suggested behind the name Bancambios. The project seeks to appeal to those who find themselves in historically underserved, or even exploited, markets. Bancambios being a coat rack of “Bank” and “Cambios” (which translates in Spanish as “change, permutation or evolution”), the team thinks the name clarifies their intentions: “we aim to change finance and, by extension, the world around us. “
About Bancambios DeFi products
With a decentralized team working globally, all of whom share positive impact as a common goal. Bancambios is on track to meet the publication schedule of its roadmap (Q4 2021 – Q2 2022). Their products include, but are not limited to, Bancambios Academy, a multilingual DeFi education platform with tutorials, workshops, safety advisories, and community engagement. Stableswap, a multi-stablecoin exchange environment. AlphaDex, a decentralized exchange for 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, chain loan and borrowing. The initial release of the product will include their NFTs and DAOs. Additional tools such as DAO safes, options, futures and derivatives will also be released shortly thereafter.
If you want to join the decentralized financial revolution, visit the links below.
For more information on Bancambios, visit bancambios.exchange. For updates, follow https://twitter.com/bancambios . For more information on the Solana ecosystem, visit solana.com/ecosystem
BX Token Details:
Name: Bancambios DeFi
Total supply: 963 963 963
Network: Blockchain Solana
Project presentation: https://docsend.com/view/cz9ve5nx5aq7tigs
Advertisement : https://twitter.com/bancambios
Launch bar: https://solster.finance/
Solana Hackathon: https://airtable.com/shriNT26cAZeDJagn/tbl5fZ4E1BBbVAttW/viw6Iz13dIAGrgytn/reca2Ix8SkicERJI0
Solana ignition: https://devpost.com/software/bancambios-defi-p6jdmi
Note: BX is not available for citizens of the United States or America, Crimea and Sevastopol, Iran, Afghanistan, Syria, or North Korea.
Bancambios DeFi photo available here