 | DeFi continues to dominate the cryptocurrency market and the headlines around it. DeFi is hitting on all cylinders and churning out new and improved ideas and ways to bring finance to the masses via blockchain with an emphasis on decentralization. There is one area where all of cryptocurrency and blockchain can improve, and that's on the mobile platform. As if someone else wouldn't have thought of attacking this glaring opening of an opportunity. That someone else is Passport Finance. Passport Finance is a dApp on the Paparazzi blockchain platform Vitae. Vitae was chosen for its ability to power applications which are as ambitious as Passport (Vitae's architecture is based on the Tender-mint framework). Some of the features Passport will utilize are: - Global Rewards - Minimal Transaction Fees - Exchanging crypto - Payments Decentralization plays an important part in the upcoming Passport ecosystem, which is why the team behind the project have decided to remain anonymous. Remaining anonymous can add some uncertainty to a project as ambitious as Passport, but what it does allow is for the development team to eventually take a full step back and allow the community members to participate in improving, building and growing the ecosystem further with little to no help of the original developers. Although I cannot speak for the developers, I can attest to the decentralized model and have seen numerous projects benefit from this, such as Nyan Finance and BSoV. The developers were/are anonymous and the projects exist and work. Per the Passport.finance website, the developers say they were incubated by the Paparazzi team to incubate Passport. Some areas they will receive assistance will be branding, design, and development. Since they are building on Vitae, their goals will also include a structure which will allow Passport to assist with stabilization and growth of the PAZZI Token. Passport has displayed their distribution model and it is as follows: - Total sale amount: 2,700 ETH (1,200 from a private sale, 1,500 from a public sale) - Private Sale Price: 0.000080 Eth per token, Public Sale Price: 0.00010 Eth per token - Total Supply: 100,000,000 PASS - DEX Liquidity: 5,000,000 PASS - Private Sale: 15,000,000 PASS / Public Sale 15,000,000 PASS - Marketing and Partnerships: 10,000,000 PASS - Company Reserve: 20,000,000 PASS - Team & Advisors: 10,000,000 PASS - Liquidity Mining: 25,000,000 PASS TOKENS WILL BE LOCKED. 50% of the private sale tokens will be unlocked upfront and the rest will be released after 30 days. Public sale tokens will be 100% unlocked from the time the token is listed on Uniswap. 10% of Marketing tokens are unlocked with the rest of the tokens locked and 10% of the remaining tokens will be released every quarter. Company reserve tokens are locked for 2 years which will be linearly released over a year in each month of that year. Team and Advisor tokens are locked for 1 year and will be released linearly over 2 years each quarter. Liquidity Mining tokens are based on farming yield and will be unlocked. The project is new and raw with and heavily ambitious. While new, you can find more information at the following links: - Website: https://www.passport.finance - Telegram Community: https://t.me/passportfinance - Telegram Announcement: https://t.me/passport_ann - Twitter: https://twitter.com/passportfin Passport aims to be a mainstay in DeFi by bringing the security and safety cryptocurrency lovers enjoy to the mobile platform. Mobile has largely been untouched by crypto, minus big exchanges making buying crypto easy and analyzing blockchain data. Bringing a DeFi dApp to mobile could be the breakthrough crypto needs on the smartphone. Stay tuned and visit their site/join their telegram community to keep yourself informed! (I write articles and reviews for legitimate, interesting, up and coming cryptocurrency projects. Feel free to PM me to review your project. Thank you!) ---------------------------------------------------------------------------------------------------------------------------------------------------- Disclaimer: This is not financial advice. The sole purpose of this post/article is to provide and create an informative and educated discussion regarding the project in question. Invest at your own risk. [link] [comments] |
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