If you are a business enthusiast and you love to trade, then we have great news! The PEAKDEFI protocol, developed with the aim of connecting investors and asset managers, is finally released!
This platform will step up your game, making your trades safer, quicker, and even more profitable. That’s because it is built on the ERC-20 decentralized system – which makes transactions that don’t expose your personal data possible.
With that being said, let’s see what PEAKDEFI is all about.
What is the PEAKDEFI protocol?
PEAKDEFI is basically a decentralized performance-based asset management fund, programmed as a Quantstamp audited smart contract on the Ethereum blockchain.
The system is simple.
The investors can invest in the contract and buy a share of the PEAKDEFI fund, whereas managers can participate in on-chain trading with the fund’s capital.
It was created to disrupt the whole traditional investment environment, which currently has a lot of flaws, especially for small investors and asset managers. PEAKDEFI paves a completely new way by creating one transparent global fund for everybody, governed by everyone.
How is PEAKDEFI different from other global fund services?
While developing the platform, the team of PEAKDEFI focused on both investors and assets managers. Therefore, they made sure to include benefits for each party, providing them with everything they need in order to trade smoothly.
To have a better understanding of what PEAKDEFI can offer, let’s see what the team set up for each of them.
First of all, it is known that investors are purely adventurous, so providing them with the possibility to switch between currencies and experiment with them was the way to go. Therefore, the platform is allowing investors to trade with any type of ERC-20 token. Other benefits are the following:
- All user deposits are locked in smart contracts without any third party having direct access to those funds;
- The Distribution of the managed PEAKDEFI fund adjusts automatically between the best asset managers through smart contracts to achieve optimal results;
- There is a fixed management period of just 57 days, followed by a 3-day transition phase, where investors can sell their PEAKDEFI Shares again
Asset Managers, on the other hand, are searching for a fair asset share. Therefore, the team created a so-called Reputation Token to automate the process of asset distribution. Any participant manager has to acquire a fixed sum of 100 RT.
But take note, the amount of the Reputation Token is directly linked to the manager’s personal performance.
Other benefits we can count on are the following:
- Each manager receives approximately 15% of the total profit of the PEAKDEFI fund, depending on its performance;
- Managers can start the game immediately by buying reputation tokens and staking PEAK token to get a piece of the fund to manage without consulting different clients – so there are no boundaries.
Is any other way to increase your income on PEAKDEFI?
Yes. If you are not into trading, you can also stake your own Token – PEAK.
Basically, it means that you lock your crypto assets for a certain period of time, in order to validate the transaction on the platform. While you do that, monthly revenue is provided until you choose to withdraw them.
Another way to increase your income is by taking advantage of the platform’s rewards.
For example, if you decide to recommend the PEAKDEFI fund, the smart contract will automatically pay you up to 20% in commissions.
Who is behind the PEAKDEFI protocol?
PEAKDEFI is the outcome of the hard work of dedicated specialists ready to face the challenges of today’s economy. From marketing experts to tech developers, together they succeed in creating a solution both accessible and reliable for its users.
Stay up to date with their new features and plans for the crypto world and follow them in the online environment:
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.