PowerDeFi - First Automated Liquidity Protocol Uniswap Exchange on IOST chain by PowerMine Club

PowerMine Club once again shakes the blockchain universe with a long awaited innovative first of its kind Automated Liquidity Protocol Uniswap DeFi (Decentralised Finance) Exchange powered by IOST Blockchain.

Wait, What in the "block" is a DeFi?

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built initially on Ethereum. Decentralized finance aims to create a financial system that’s open to everyone and minimizes one’s need to trust and rely on central authorities.

Technologies like the internet, cryptography, and blockchain give us the tools to collectively build and control a financial system without the need for central authorities.

There’s a saying in the blockchain space: “Don’t trust, verify.” Because with a blockchain network, you as an individual can verify any and every transaction that occurs on the blockchain.

No More Overnight Money Printing? Well Maybe!

In very simple terms the biggest advantage of a Defi is that there is no need to inject more currency into an economy that has a limited supply and demand, user simple swap one currency at a certain value for another at an equivalent value of the original and this price is intrinsically defined by the market supply itself!

Available Pairs

The DEX is launching with the following pairs with IOST as base:

What About Fees?

DEX Fee Distribution:

-0.3% Liquidity Providers

-0.1% PMINE

-0.1% Platform Fee

Join the Future of DeFi Economy

The future is now and PowerDefi promises to bring the most transparent Defi with more pairs to be added soon they become available. Show them some support and visit powerdefi.io