eFIN is a popular decentralized exchange that aims to address different challenges that the blockchain industry currently faces. Although the blockchain and DeFi world has made significant growth over time, its growth is still hindered by some pain points that slow crypto adoption.
eFIN aims to tackle these challenges with its unique set of products specifically engineered to offer unparalleled services and functionalities. Challenges that the blockchain industry faces are:
- Poor UX is one of the most significant reasons for the slow adoption of cryptocurrencies. Cryptocurrencies are relatively complicated to understand for a non-financial and non-technological background individual. Most users get overwhelmed when they come across a complex UI platform.
- While several DeFi platforms and exchanges help users grow their assets, there isn’t an effective bridge to link these platforms. As a result, users have to segregate their assets resulting in a poor crypto asset portfolio.
- While dApps have made it possible for users to use their crypto assets for daily transactions, the lack of a sophisticated platform makes it non-viable for users to do so.
eFIN Ecosystem Solutions
eFIN aims to solve these problems using its advanced product suite with some new additions on the way. The platform plans to launch a few new products in its ecosystem this month, giving eFIN a competitive edge over other platforms.
First, let’s take a brief look at the current solutions by eFIN.
eFIN coin is built on a codebase that uses the latest technological advancements in security, privacy, and speed. The coin acts as the backbone for eFIN’s decentralized asset trading platform.
eFIN Wallet is a secure decentralized, peer-to-peer, and non-custodial wallet that ensures user’s digital assets’ safety by storing them on-chain. Only the users have access to the private key required to access the wallet. It is currently available for Windows and MAC OS and will soon be made available for other OS.
eFINSWAP
eFINSWAP will simplify finding the current price of any asset by linking a wide range of world-leading exchanges using its simplified functions. It will help users save time and money by creating a real-time database for users to search multiple exchanges, pinpointing the best price, and trading the assets.
This product will eliminate the need to visit different exchanges manually and provide a clean and simple one-stop solution. eFINSWAP uses inbuilt algorithms and a predefined list of exchanges (which will be updated along the way) to provide an easy trading solution.
eFINSWAP portal will also list a ‘Buy Crypto’ portal that will allow users crypto assets directly from credit or debit card and store them to eFIN Wallet.
eFIN Mobile App
eFIN plans to launch a mobile app for iOS and Android devices to bring all the functionalities of the ecosystem to user’s phones. Using this app, users can trade, buy, sell and manage their crypto assets on the go by integrating the eFIN Mobile Wallet with the app. eFIN ecosystem aims to provide a single stop solution with an easy UI, and this app will take the company a step further in achieving that goal.
eFIN DEX
eFIN DEX is a fork from UNISWAP deployed on BSC. The eFIN DEX will be plugged into the $4.6 Billion DeFi ecosystem in BSC with fast 5-second swaps. This DEX will open up new opportunities for the users as they would not have to look elsewhere for different assets.
eFIN plans to build several modules on the new eFIN DEX, such as:
- eFIN Bridge
- BSC Wallet Support
- Multi-Protocol Swaps
- eFIN DEX DAO
- eFIN ETH
- eFIN Universal Bridge
All these products will add more value to the eFIN ecosystem and will promote crypto adoption on launch. All of the eFIN products are developed under the keen eye of DexTech AG that ensures their optimum productivity. Traders worldwide will benefit from these products immensely and will help make eFIN a strong competitor in the industry ruled by certain DEXs.
