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How and why applications can integrate DEFIT into their programs

Published

5 years ago

on

Since the advent of Blockchain and cryptocurrencies, many industries have experienced unparalleled growth. For instance, the supply chain industry has become more efficient than ever. Some applications in this industry have reduced the total time of the process to 90%. Other industries like medical record-keeping leverage the secured and transparent infrastructure provided by Blockchain-based applications. 

However, every industry does not require its own Blockchain solution to experience the powers of true digitalization. 

Among the several applications of Blockchain, the use of cryptographic tokens has emerged as the most sustainable and suitable implementation in any environment. The ability of Blockchain to allow the tokenization of every asset has led to more liquidity, transparency, and market visibility. 

But above all, it has allowed the world to complete financial transactions in a better way. 

The need for Blockchain-based token

Financial transactions happening over the Blockchain are free from unreasonable taxes. Moreover, the removal of the third party from the ecosystem system allows the network to complete transactions almost instantaneously. The digital world never takes a day off and being decentralized, it always provides an unbiased service. 

Therefore, what Blockchain facilitates is a direct transfer of value between two parties which is faster, more secure, less costly, and reliable. 

To enjoy this feature of Blockchain, applications are required to have their own tokens or integrate and existing tokens. 

When it comes to creating a token, it might seem like an easy task but there is a lot more than meets the eye. For instance, the tokenomics of the token has to be defined in such a way that the token value is maintained. A well-defined tokenomics allow the token to be resilient to any attacks such as pump and dump. 

Further, tokenomics also plays a major role in ensuring that the token value increases over time, maintaining the interest of the users and providing more usability to the token. Other considerations that are necessary to create a sustainable token are features like buyback and burn, locking liquidity, initial locking period for the tokens allocated to the core team, and several others.

Therefore, while having a token for an application seems to be a great option, it can also be very intimidating due to the technicalities which have restricted several applications.

This is where DEFIT saves the day. 

What is DEFIT and why an application needs it

DEFIT is an ERC20 token by 360Wellness. Being an ERC20 token, DEFIT can be used with any wallet, application, or environment where Ethereum is integrated as ERC20 is the prominent token standard for the Ethereum Blockchain. 

Primarily, DEFIT is the native token of the 360Wellness application. It is used to facilitate all the financial interactions in the 360Wellness ecosystem including the payment for trainers, subscriptions, and other features in the application. Apart from this, DEFIT can also be used for staking. This means that users can hold DEFIT tokens to earn a passive income by becoming liquidity providers.

What needs to be considered here is that DEFIT can be used by any application. By just accepting DEFIT as a payment option, any application can utilize the DEFIT token to complete financial transactions. It will allow the application to adapt to the modern payment network. 

What makes DEFIT appropriate for applications to integrate it is the fact that the DEFIT token has a buy-back policy. According to this, 360Wellness will buy DEFIT tokens with their revenue surplus to maintain the circulation of tokens and increase their value over time. 

Conclusion

In conclusion, any application looking to experience the powers of Blockchain and tokenization can integrate DEFIT into their ecosystem. Especially for the organizations related to the health and fitness industry, the inclusion of DEFIT can open several doors.

360Wellness has been downloaded in 172 countries which means DEFIT has a global platform and international recognition. This will allow other applications using DEFIT to easily scale their user base and facilitate cross-border payments with no intricacies. 

 

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Fufuture Joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

Published

3 days ago

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January 28, 2026

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Hong Kong Web3 Festival 2026 is proud to welcome Fufuture as a Secondary Exhibition Sponsor.

Build with Fufuture to revolutionize DeFi: https://fufuture.io

The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

Hong Kong Web3 Festival will take place from April 20 to 23 at Hong Kong Convention and Exhibition Centre. The previous three editions of Web3 Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

Web3 Festival ultimately will have up to 300 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from over 500 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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Passey Announced as Secondary Exhibition Sponsor for Hong Kong Web3 Festival 2026

Published

4 days ago

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January 27, 2026

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Hong Kong, 27th January 2026, ZEX PR WIRE, We’re excited to share that Passey joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor.

Unlock AI-powered insights for Bitcoin and Ethereum options, and make informed decisions with advanced infrastructure designed for modern investors: https://passey.xyz

The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

Hong Kong Web3 Festival will take place from April 20 to 23 at Hong Kong Convention and Exhibition Centre. The previous three editions of Web3 Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

Web3 Festival ultimately will have up to 300 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from over 500 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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ELLIPAL Joins Hong Kong Web3 Festival 2026 as a Secondary Exhibition Sponsor

Published

4 days ago

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January 27, 2026

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We’re thrilled to announce that ELLIPAL is now a Secondary Exhibition Sponsor for Hong Kong Web3 Festival 2026 taking place from April 20 to 23 at Hong Kong Convention and Exhibition Centre.

ELLIPAL is leader of Air-gapped cold wallet. Learn more: https://ellipal.com

The Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group and organized by W3ME, is Asia’s premiere crypto gathering that has been annually held since April 2023. It convenes the world’s smartest minds in the Web3 and crypto space to discuss the latest trends and policies.

The previous three editions of Web3 Festival brought together over 350 exhibitors and more than 1,200 speakers for in-depth discussions, attracted a cumulative total of 100,000 visitors, and saw over 400 diverse side events.

Web3 Festival ultimately will have up to 300 speakers representing all aspects of Web3 and crypto on its stages. It has also attracted registrations from over 500 executives and corporate decision-makers in traditional finance and real economies. This enables the conference to be a high-level platform for in-depth dialogues and high-value connections.

As Asia’s premier crypto event, Web3 Festival leverages Hong Kong’s unique position as a global financial center and innovation powerhouse, bridging the vast market potential of Mainland China with worldwide Web3 advancements. This unique positioning enables the event to bring together the best resources from across the globe, offering attendees first-hand Web3 updates and networking opportunities.

Get all the details here: https://www.web3festival.org/hongkong2026/#/en

Be our partner: https://tally.so/r/w5YEbP

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