Welcome to the next edition of We Simplify Your Research covering DeFiner!
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If you want to learn more about DeFiner go through the whole article and gather some additional information besides the information provided by the One-Page Review.
DeFiner in a nutshell
DeFiner is a non-custodial digital asset platform using a distributed peer-to-peer network for savings, lending, and borrowing powered by blockchain technology. This network completely removes the middleman saving costs while increasing premiums. It was founded in 2018 and its mission is to advance financial trust, growth and simplicity. The platform is built with security in mind using audited smart contracts and DeFiner’s users can access it 24/7 globally. DeFiner’s platform offers flexibility to set your own rates and terms. It is insured, has a protective fund and all loans are fully collateralized and secured on DeFiners immutable blockchain to protect users from losses.
Key benefits
DeFiner, despite having just its FIN offering is not just a whitepaper. It has an already working app for its services in place. The platform as a whole has the following key benefits:
- Security
DeFiner’s decentralized platform is powered by audited smart contracts for full security and transparency. - Best rates & flexible terms
No middlemen for increased premiums and decreased costs in combination with customizable terms. - Insured, protected & collateralized
DeFiner is insured, has a protection fund and all loans are backed by collateral to protect users from losses. - 15+ digital assets
Lend and borrow with 15+ digital assets including Bitcoin, Ether, DAI/SAI, Tether, BNB, and many more. - Accessible
Seamlessly earn, lend, borrow, and swap in one place 24/7/365 on DeFiner’s web and mobile apps.
Current products
DeFiner’s platform already boasts products for earning and lending & borrowing on a web app. Their mobile app is in beta and a desktop app is on the roadmap. The platform itself takes what works in decentralized and centralized crypto lending and delivers it in one easy to use platform. It provides on-chain transparency, automated insurance, aggregation for maximized yield, and an institutional-use ready OTC module.
Earn
The DeFiner savings account is easily usable. It has high rates without lock-ups and the user has the ability to borrow against his savings. Over 15 digital currencies are currently supported. Since it has no middlemen it is easy and cheap to use and provides high interest rates.
Lend & borrow
Also here the focus is on simple usage. Users are protected from potential losses through an insurance and a protection fund and the users terms are fully flexible. It works like this:
Team
DeFiner’s core team consists of roughly 20 dedicated staff coming from various backgrounds and companies like Microsoft, Cummins, Symantec, EMC, PWC, Gartner, IBM and more. The team has already won awards like the 1st place of the Detroit FinTech Challenge and was selected for the TECHSTARS and NEX3 accelerators which both provide their huge and very valuable network and know-how to DeFiner.
The teams key benefits are:
- Good track record: Business proven entrepreneurs
- Great business network: Besides their own business network, the NEX3 and TECHSTARS accelerators offer their huge international networks to DeFiner
- Active networkers: The company has already attracted backers like Microsoft, started to build an ecosystem and joined large tech accelerators.
- Dedicated, interdisciplinary and intercultural team with rougly 20 people: The team members are coming from various backgrounds and companies like like Microsoft, Cummins, Symantec, EMC, PWC, Gartner, IBM and more.
Follow this Link to learn more about the dedicated team.
Backers
DeFiner has already gained some big names as backers which trust in their vision and roadmap.
Ecosystem
Besides the backers DeFiner has already started to develop an ecosystem which also holds some big names.
Roadmap
Before we move on with the roadmap lets have a look at what already happenened since 2018 and what will still happen this year:
Now lets take a look at the platform development roadmap:
We can see that DeFiner’s platform development journey has already started and we already had some first go-lives. Right now that means it can already be used for savings and lending & borrowing, yet still a lot will happen until this roadmap and the vision behind it is finished.
Key Metrics & Token distribution
The initial token offering is done by DAO Maker. The last offerings by them have all been huge successes (Open Predict, Orion) and besides the offering the projects are also part of the DAO Maker ecosystem which offers social mining and more. These figures are taken from the DAO Maker Strong Holder Offering website.
Project Valuation: $25,200,000
Token Supply: 42,000,000
Tokens for Sale: 8.38%
Hardcap: $1,334,000
Initial Circulation: 1,106,000 FIN ($663,600)
Private A Cap: $315,000 / $0,25
Private B Cap: $673,000 / $0,40
Private C Cap: $250,000 / $0,60
Public Cap: $96,000 / $0,60
Specialties for holders & users
The FIN token is the nucleus within the ecosystem and is used for the following:
In terms of use cases that’s:
Distributed Profits
All profits of the platform like transaction fees and interest will be redistributed to FIN holders proportionally to their holding ratio
Proof of Premium
Lenders and borrowers are entitled a portion of newly mined FIN based on the duration and value staked
Voting Rights
Each FIN token entitles its holder to one voting right which can be used to decide on the trajectory of the DeFiner platform
Verdict
DeFiner looks like a solid project. The concept behind it combines DeFi with user accessability, investment security and flexibility, which is very interesting. DeFiner operates since 2018 and has already established some very interesting things: It has got big names as backers behind it, got a place in two huge accelerators and won the first place in the Detroit Fintech Challenge. The platform has a running web app and a mobile app in beta which is more than a lot of older projects can say. The intercultural nature of the experienced team is also a very interesting point since this helps a lot in creating a successful global brand.
As the last point of our review we would like to show you three project comparissons to competitors which also operate in the field:
*We Simplify Tech’s disclaimer: In this article we express our research results on DeFiner and do not want to give any form of financial advice. We are planning to get hold of FIN in the future.*
