The advent of Bitcoin and blockchain technology spawn the thriving of the crytocurrency industry and the world sees the blockchain technology starts to permeate into nearly every aspects in our daily life. For example, we have Bitcoin and tokens of that sort to function as a currency; Stellar to streamline the process of money transfer service; Fat coins that aims to motive people to maintain a healthy lifestyle.As tokens like Bitcoin is first debuted as an alternative to fiat currency in financial area, therefore, this article is going to found out those blockchain that based finance.
1.Stellar: leader in financial area
Since the first time that Stellar launched into cryto-universe, it is on the mission to ease the burden in cross-border funds transfer process. Therefore, we find news coverage reporting Stellar’s partnership and cooperation with IBM and other financial giants in money transfer. In the process, Stellar acts as a transfer medium between the two parties. With the help of blockchain technology, users can transfer money anywhere within seconds, which significantly reduces the cost and helps users save time and energy.
2. United Traders Tokens: middle-man between exchanges and financial services providers
If Stellar is a medium in cross-borders money transfer, then United Traders Tokens can be assumed as a middle-man between users and exchanges, for actually what the smart contract does is bringing the exchanges together and helps provide tailored services by matching the exchange and users together. Then, there are financial services like related to consultation and investment available on the platform. According to news report posted on the website, one algorithmic hedge fund was awarded as the best equities fund global.
3. Lendroid Support Tokens: A container to pool lending margins
When we borrow money from financial institutions, we will have lenders, agent and supervisor in the whole procedure. Then that is exactly what the Lendroid Support Tokens does by bringing the framework of mechanism into cryto-universe. On the chain, we have lenders who lend money out and broadcast the message into the whole network; then we have relayers who integrate and process the information; and margin traders who facilitate and put through the money lending process; finally, there is “warngler” who serves as a supervisor of the business and a protector of a healthy ecosystem within the chain.
4. Spectre.ai Dividend Token : A provider of broker-less trading service in financial market
The mechanism of this blockchain resemble much as the Bitcoin system. In the system of Bitcoin, the blockchain make the transaction into a peer to peer deal which the two parties can trade directly with each other, bypassing the traditional financial systems. Then on the chain of Spectre.ai Dividend Tokens, it actually remove “broker”, the middleman in the stock or futures trading away, which streamlines the process significantly.
5. Bankcoin and Safe Trade Coin: Safeguard of cryto-transaction
As we mentioned in the previous articles, nearly every tokens and blockchain has its role to play in the community. Then, when it comes to tokens like Bankcoin and Safe Trade Coin, rather than a technical support for transaction or a medium to make a smooth deal, it actually serves as a safeguard during the whole process. The built-in algorithm within the technology prevents from manipulation,