Amy token’s ICO is starting today. What about WELD?

Amy Finance is an LP-friendly, Layer 2 based Lending Protocol. It’s also a fair launch project without a presale or private investors. This project is community-driven, and as such, it helps users to earn safe and high yields.

Customers can stake assets into the assembly pool. They will receive the interests generated from lending and leverage trading without any loss. Furthermore, customers can borrow assets from the pool, as well as to conduct margin trading in one app. According to the team, the transaction fee will be extremely low, thanks to the L2 native design. Amy Finance’s design can easily lift the revenue and maintain the same level of fund security as the classic lending protocols do.

The company is launching its native token’s ICO today. The sale will end on September 22, 2021. AMY is an ERC20 token. Its price will be 0.00000667 ETH during the initial coin offering. Amy Finance plans to raise 15,000,000 during the initial coin offering. The total supply of tokens is 1,000,000,000.

The team built this platform to reduce risks for users and improve user experience. It plans to realize this goal through designing a better lending protocol deployed on Layer 2.

What solutions does this platform offer?

According to Amy Finance’s team, all Defi players have encountered a problem of capital efficiency. Thus far, very few teams have managed to solve it through the underlying design. However, the assembly Pool offers one solution – one pool for multiple usages. As a result, lenders can enjoy diversified benefits while facing very low arbitrage risks. While the several mainstream leveraged lending protocols on the market are constrained by impermanent loss, users can increase the capital utilization rate without leveraging in Amy’s ecosystem.

Furthermore, there have been more and more problems with using flash loans lately. Mostly it’s because of poor protocol design and/or false risk assessment. The team believes that the improvement of the companies shouldn’t accomplish capital utilization rate at the expense of capital security. In Defi space, asset prices fluctuate in seconds. Thus, users with different risk preferences can hedge against risks for each other and establish a balanced ecosystem.

What is Weld.Money and how does it work?

Amy token's ICO is starting today. What about WELD?  Weld.Money is a cryptocurrency card that enables crypto wallets to connect easily. Users can pay for any daily expenses by using the WELD card. It’s as simple as using a POS terminal.

The company is also issuing its native utility token. The initial coin offering will start on September 22, 2021. WELD is a BEP-20 token. Its price will be 0.075 USD per WELD during the ICO sale. The team aims to raise 1,600,000 during the trade. The total supply of tokens is 250,000,000, but not all of them will be available during the first stage.

Defi space offers many advantages, but traditional fiat payment systems are built on legacy infrastructure. The latter makes it difficult to embrace new innovative payment forms such as cryptos or other digital currencies.

Traditional fiat payment systems are heavily centralized and controlled by strict rules. They are often costly for participants, as well. Besides, they have limited flexibility. Despite such drawbacks, most people use them as there is no better alternative available for them.

That may not be true for long, though. Several countries decided to try more modern fiat payment solutions and nearly replaced the traditional fiat payment system with them. At the same time, blockchain technology continues evolving. WELD team thinks that existing decentralized cryptocurrency systems and blockchains are not yet efficient or customized enough to provide a good alternative to traditional fiat networks. While we are going there with every forward step, the main problem still remains – crypto wallet holders in CIS countries do not have an easy way to use digital coins quickly and easily to pay for conventional goods or services.

What obstacles do some people face while using cryptos, and how will WELD solve these problems?

There are several obstacles that prevent using cryptos as we use fiat money. For instance, cryptocurrency is not regulated in the CIS countries. Thus, no one can legally use it. As a result, merchants cannot legally accept payments. Furthermore, in most jurisdictions, the conversion of crypto to fiat by traders and buyers is associated with calculating income taxes and VAT on the entire amount of the transaction. That forms a negative margin for most product groups.

Despite their growing popularity, many people still have a haze of knowledge about cryptos, so local merchants often do not consider it a payment option. Cryptos are also highly volatile, which complicates the financial and tax accounting and further transactions.

Unfortunately, CIS typically associates crypto with something grey and illegal. While that’s not actually true, withdrawing funds to a bank card mostly falls under AML (revenue with subsequent taxation). Residents of the CIS countries also fall into trouble when passing the KYC procedure to open an account in jurisdictions where crypto is legit.

Thus far, only a few products offer the aggregation of accounts, crypto wallets, and cards, as well as a seamless payment process from traditional merchants using digital coins. And don’t forget crypto transfer fees, which can easily exceed the purchase price by 30 times.

WELD team aims to solve all these obstacles. It wants to integrate cryptos into people’s everyday lives. Moreover, the team believes that decentralization is an important part of building a better society for everyone.

The company is building a network of cryptocurrency projects to achieve its goals. At the same time, it focuses on developing merchants’ ability to accept crypto as a form of payment. WELD’s mission is to bridge Crypto World with Traditional Finances.

What about WELD mobile app and its other features?

WELD created a mobile application that helps its customers to fulfill the everyday needs of the crypto community. Users can pay for conventional goods and services with this app without any difficulties. Thanks to it, they can avoid present exchange complexity.

The company works to create a seamless Payment solution for regular daily expenses. It also aims to offer minimal commissions backed by any crypto wallet. Users will need to register on the platform to use WELD App and Services, as well as other WELD’s internal procedures. After that, they can link their crypto wallet to the WELD App account and start making payments.

WELD application offers many advantages, including seamless integration with ApplePay and GooglePay; tax-free crypto transactions on the go; secure and transparent financial flow; and transparent pricing with no hidden fees. In addition, users will be able to manage everything (fiat cards/accounts and cryptocurrency wallets) with one application. They will even have the ability to add any wallet from a third-party service or crypto exchange. And this app is very secure, so customers won’t need to worry about losing their funds.

WELD token is another advantage that this platform provides. Token holders can use it to pay commission fees and, as a result, reduce transaction costs. They can also stake WELD Tokens for an increase of daily and monthly limits or getting various rewards, including Premium Card. The company will pay cashback on every purchase paid on WELD Tokens.

This company has interesting ideas and a well-developed roadmap. Some analysts think that it has a strong potential.

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