GES DeFi – The realistic ambitions in many different fields
DeFi is storming the electronic financial market in the past few months. Appeared in 2017, it’s seemingly receding. But under the impact of the Covid epidemic and the decline in the classical financial sector, the DeFi trend has exploded.
In a short time, the old DeFi digital currencies are invested by the community to push prices up many times such as Link, OMG, Kyber … The prices of new DeFi projects have increased from 5 to thousands of times, typically SRM, YFI… Why is the community so interested in DEFI and the reason they turn it into a permanent hot trend in newspapers and websites about digital money?
Currently, there are a lot of applications for DeFi on the market, mainly targeting areas such as loans, digital currency swaps, insurance, derivatives … eg: Compound: Lending; Uniswap: Decentralized exchange, SET: Fund management…. GES Token has just appeared on the Vietnamese market, so what is the advantages of this token? and whether GESGROUP will overcome the shadow of fellow compatriots like Kyber or Tomo Chain?
With the growth of the market, the fund raising has faced many difficult challenges, from the appearance of many competitors to the SCAM projects. Therefore, GES’s team spent 2 years investing in products and perfecting the strategy as well as gradually bringing products into the ecosystems before deciding to attract community capital.
Only when its technology products are applied for the first time and are about to be launched and put into operation by the partner, GES will begin its journey to expand the market. Because then the direction of GES will be clear, transparent and limit risks for investors. GES has developed a wide range of research and development areas and put in a detailed roadmap with specific actions evidenced by products and strategies.
Specifically, GES is gradually applying decentralized technology in the financial sector (DEFI), in the field of Payment (DeFi Hybrid Paygate), in the field of E-commerce; research and development of its Gexchange into DEX (Decentralized Exchange); initially building a database to analyze and apply Swap protocol in the management of energy, operating in two directions (save energy).
For the mainstream DeFi field: as planned in September 2020, after a period of technology transfer and artificial intelligence connection on native products, analyzing user habits, gathering information and hitting the scoring of the credit level, the partner that GES transfers technology and supports to deploy will launch a P2P Lending platform in the form of DeFi.
The loan application platform GFIN will be a great effort to contribute to the economic development of the locality, solve the problem of usury and illegal behavior in bad debts. And above all, creating a sense of absolute security for network participants – Because, they are allowed to keep their own assets instead of having to transfer money to the service provider to handle loans with fear of Intermediary businesses run away with all the money.
For Paygate: in addition to providing a payment platform on smart contracts with decentralized conditions applicable to payment authentication for E-Commerce in each country, Ges is also developing the E-commerce platform using Ges Tokens, allows users to easily exchange GES to a commodity payment platform without having to buy-sell-load-withdraw, and additional intermediary costs. Basically, this protocol is based on swapping to burn out GES tokens. The user will obtain the consumer goods from GES’s INTIME E-commerce site. It is expected that the product will launch in the fourth quarter with many different surprises with a unique way of buying, selling and transporting.
Combining 2 platforms P2P Lending (peer-to-peer lending) and E-commerce, Ges allows users participating in the system to lend each other directly when buying products as a form of increasing the profitability of GES owners. Imagine a product that is bought 5 to 20% cheaper than the market but still gets 80% loan support if the users have eKYC. In the insurance and derivatives sector, GES also has a decentralized product deployment strategy when the platform is ready to pair with local markets according to local law.
In Investments field: GES has ambitions to apply DeFi in the establishment of hedge funds that invest assets in other platforms based on analysis of dependent derivatives from market-traded currency pairs to secure their primary investment. Investors always get a provision if the index falls compared to market expectations.
For decentralized applications in energy management, in European countries, the use of renewable energy or non-fossil fuels becomes common. Managers and governments have allowed people to resell the excess electricity if participating in electricity generation or have the right to sell the unused electricity to the state or a third party. Currently, GES wants to apply Blockchain technology to digitally manage that energy source. The product is expected to help enterprises and electricity producers participate in the socialized electricity use and sale network on the basis of an automatic connection between producers and consumers. Imagine electricity is a token of money, each amount of electricity can be generated or deducted when you use the electricity you make or sell it to a third party.
With realistic ambitions and actions accompanying products gradually put into operation, GES Token is a digital currency worth paying attention to. Let’s wait and see if this brainchild of GESGROUP develops and brings a new wave, as reliable as their predecessors.
According to CyberMedia