The Banking Crisis, DeFi, and Solving the Puzzle of Financial Freedom
Happy Day RoboWarriors!
Let’s think about puzzles for a moment: puzzles are a great way to pass some spare time. The best ones involve both a challenge and a reward. Think of the last time you put together a jigsaw puzzle. It undoubtedly involved a lot of trial and error, but wow, what a feeling when it was done! Was the reward (the picture) worth the challenge? How about a crossword or Sudoku puzzle? Rubik’s cube? Are you perhaps a chess player? Checkers anyone? These are all challenging engagements. In a word, they are puzzles or at the very least can be puzzling. In the case of chess and checkers, it involves moving around many separate pieces as part of a unified strategy while engaging an active opponent. In the case of word and jigsaw puzzles or the cube of Rubik, we are attempting to figure out someone else’s plan or design.
Merriam-Webster defines the word puzzle as a mental challenge or solving a difficult problem with ingenuity. Our world today has forced us to ponder many puzzling predicaments. Many are saying that political tensions are at the highest they’ve been in many decades. The traditional financial sector is literally falling apart. And while many experts were pointing fingers at the crypto industry last year, with their Cheshire Cat-like grins…a new year is now upon us and the very ones that were accusing are now cha-grinning. We are of course referring to the current Banking Crisis. A meltdown that many believe could rival and even surpass the circumstances and events of the Great Recession.
Our intent here is not to discuss at length the current financial meltdown, but to offer helpful information and solutions. For some good reading on the Banking Crisis, check this out here, here, and even here.
Problems are evident everywhere. The key to effectively dealing with them is to find actionable solutions. It’s kind of like solving a puzzle. Using that analogy, remember the feeling when you knew you were going to put all the pieces together? Or realized that you are now just two moves away from declaring that much-coveted cry of victory: “Check-mate!” Similarly, that moment we perceive that we are about to overcome fear and uncertainty and declare victory in our personal finances is a very satisfying moment. We’re here to help.
With that in mind, let’s turn our attention to an emerging sector of Fintech which is Decentralized Finance, or DeFi for short.
What is DeFi?
Decentralized Finance differs from the more traditional and centralized financial institutions such as banks, credit unions, and brokerages. In DeFi, the bank is, well — you. Through a digital wallet, you are able to buy, sell, trade, and transfer currency at any time of day or night. On any day of the week. To anyone literally anywhere where there is an internet connection.
DeFi eliminates financial intermediaries by enabling peer-to-peer transfers. This allows for reduced fees and faster transactions. This is done utilizing blockchain technology which is a public ledger that records every transaction and is immutable. Think of being able to send anyone, anywhere, at any time, any amount, without all the middlemen. This is what DeFi accomplishes.
Until now, a significant obstacle DeFi has faced is how to bring this revolutionary financial technology into the everyday lives of people worldwide. Enter Robo Inu Finance. The team at RBIF is developing a suite of truly revolutionary financial products that are going to transform the way people bank and manage their personal finances:
RoboWallet
A keystone of this suite is the RoboWallet. This is a personal wallet that is able to safely store all currencies, including cryptocurrencies:
· It provides the ability to transfer, and exchange different currencies.
· It is able to bridge different cross-chain networks while providing the lowest transaction fees.
· You are able to easily manage and track all your cryptocurrency and fiat (government-issued money).
· It has cross-border functionality and provides a payment portal.
· It has a staking feature.
· Currently in testnet.
Think of having one wallet that provides unparalleled utility, interface, and ease of use. That’s the RoboWallet.
RoboEx
This is a next-gen decentralized exchange built for the RBIF Community:
· RoboEx allows RBIF token holders to trade in a peer-to-peer manner through an actual order book. This includes limit orders.
· There are zero fees charged by the exchange for this. Network fees will still apply.
· RoboEx and RoboWallet will be connected together in one app. This provides a dynamic system interface that also allows for needs such as shopping, traveling, etc.
· Currently in testnet.
RoboNFT Marketplace
· This is an NFT platform with daily auctions that integrates with the RoboWallet and allows you to own any digital asset with a single click.
· In development.
RoboDAO
· This is a decentralized autonomous organization created to promote the privacy of the community and its members.
· It allows for holders of RBIF to vote on governance proposals enabling community contribution to the RBIF ecosystem.
RoboVentures
· A custom staking feature for RBIF holders. Earn interest on your holdings.
· In development.
RoboLaunchpad
· This is an incubator for potential projects with real-world utility.
· All projects are to be checked and moderated by the RBIF Team.
· There is a guarantee for “no-scam” projects.
· At RBIF, we aren’t only interested in promoting ourselves, but others that offer solutions with promise. A true community brought together by a desire to be the change we want to see.
· In development.
Robo Inu Finance is dedicated to solving the puzzle of financial freedom. We thoughtfully analyzed the industry and its needs and then developed products that will revolutionize the way people bank. Through our inventive and user-friendly suite of products, it is our goal to make financial freedom available to as many as have the vision to seize it. Regardless of location, ethnicity, or politics. Look us over. See if you might be a good fit for this community.
This project has tremendous potential. Those who get in early stand the chance for the highest rewards!
Originally published at https://medium.com on March 21, 2023.
