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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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Press Release

CHAINISLE Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Published

2 days ago

on

March 25, 2026

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Hong Kong, 25th March 2026 — Hong Kong Web3 Festival 2026 is honored to welcome CHAINISLE as a Secondary Exhibition Sponsor.

CHAINISLE is a Web3-native, globally distributed MCN and content infrastructure platform, built to serve as a directional anchor for the Web3 industry and a next-generation foundation for the creator economy. More: https://chainisle.info

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions 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. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Featured speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Lennix Lai, Chief Commercial Officer, OKX Global

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Phil Kang, CEO, ZR Financial Group

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development

DIAO Zhihai, Head of International Business of Wealth Management, CICC

Chris Lee, Vice President, ETF China Asset Management (Hong Kong)

Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital

David Lee, Chairman, Global FinTech Institute

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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Press Release

KBW2026 Announced as Secondary Exhibition Sponsor at Hong Kong Web3 Festival 2026

Published

4 days ago

on

March 23, 2026

By

Hong Kong, 23rd March 2026 — Hong Kong Web3 Festival 2026 is honored to welcome KBW2026 as a Secondary Exhibition Sponsor.

Korea Blockchain Week kicks off in Seoul from Sep 29 to Oct 1, gathering the global Web3 community for a week of insights, tech, and collaboration. Join the global industry leaders in Seoul: https://koreablockchainweek.com

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions 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. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Featured speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Lennix Lai, Chief Commercial Officer, OKX Global

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Phil Kang, CEO, ZR Financial Group

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development

DIAO Zhihai, Head of International Business of Wealth Management, CICC

Chris Lee, Vice President, ETF China Asset Management (Hong Kong)

Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital

David Lee, Chairman, Global FinTech Institute

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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Press Release

Aspire Confirms Official Participation at Hong Kong Web3 Festival 2026

Published

4 days ago

on

March 23, 2026

By

Hong Kong, 23rd March 2026 — Hong Kong Web3 Festival 2026 is honored to welcome Aspire as a Secondary Exhibition Sponsor.

Aspire is an all-in-one finance platform for modern businesses globally. More information: https://aspireapp.com

Hong Kong Web3 Festival (“Web3 Festival”), co-hosted by Wanxiang Blockchain Labs and HashKey Group, is Asia’s premiere crypto conference since 2023. The previous editions 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. It has solidified its status as a leading crypto event, influencing Hong Kong’s Web3 landscape.

Following the sellout success of its previous editions, Hong Kong Web3 Festival has announced its return on 20–23 April at HKCEC. Now in its 4th year, this four-day event will once again bring tens of thousands of Web3 professionals, investors, and enthusiasts across the globe to connect, learn and be inspired.

Web3 Festival 2026 has set the agenda for Web3 growth and innovation, focusing mainly on traditional finance and crypto finance, AI + Web3, and RWAs.

The conference will also convene top experts and leading Web3 projects to exchange ideas, share best practices and gain perspectives on today’s evolving Web3 landscape.

Featured speakers include:

Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of the Hong Kong Special Administrative Region

Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission

Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group

Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong

Lennix Lai, Chief Commercial Officer, OKX Global

Adeniyi Abiodun, Co-Founder & Chief Product Officer, Mysten Labs

Lily Liu, President, Solana Foundation

Joseph Chalom, CEO, Sharplink

Francis B. Zhou, CEO, Quantum Solutions

Abdelhamid Bizid, Managing Director, BlackRock

Phil Kang, CEO, ZR Financial Group

Yat Siu, Co-Founder and Chairman, Animoca Brands

Bugra Celik, Head of Digital Assets and Currencies at Global Macro, HSBC

Robert Lui, Deloitte China Hong Kong Digital Asset Leader; Member of Task Force on Promoting Web3 Development

DIAO Zhihai, Head of International Business of Wealth Management, CICC

Chris Lee, Vice President, ETF China Asset Management (Hong Kong)

Gavin Wang, Managing Partner & Chief Investment Officer, SNZ Holding & SNZ Capital

David Lee, Chairman, Global FinTech Institute

Min Lin, Managing Director, Head of Global Business Development at Ondo Finance

Join Hong Kong Web3 Festival on April 20–23 and be part of an epic Web3 journey: https://luma.com/hkweb3festival_2026

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