NGK launches DeFi project: Baccarat decentralized finance is here!
The launch of the DeFi project by NGK recently brought new positive news. Project Baccarat decentralized finance!
The natural decentralization gene of NGK is perfectly compatible with the DeFi ecosystem. As a public chain highly supporting the DeFi ecosystem, the high-performance TPS of NGK is very important to the development of DeFi. This technological breakthrough brings the field of DeFi into a new level, which solves the problem of network congestion from the technical root, increases the flow rate of value, increases the flow range to a greater extent, and benefits the wider population.
What is NGK decentralized finance?
We can understand that by storing tokens through smart contracts, when a transaction pair is created, two tokens need to be pledged at the price calculated by the current contract, which provides liquidity for the contract after the injection of capital, the reserve pool is created when the transaction is made, and the transaction processing fee and the new currency award can be obtained, all of which are achieved through decentralized governance agreements, which facilitate a lot of liquidity transactions through the fee income and the new currency distribution model.
How does NGK decentralized finance work?
The working principle divides into two roles, the market maker and the exchanger, when the market maker deposits the capital into the current reserve pool, infuses the power for the market transaction, all the users can freely exchange on it, the conversion function will produce the processing fee, the generated processing fee returns to the current reserve pool to evenly distribute to each market maker providing the liquidity, this is also the basic operating principle of DeFi.
How to calculate the benefit of mining?
The income is divided into two types, the first is a fee for exchange of tokens, which will enter the reserve pool when each transaction is generated, and this is a timely income; The second is the new currency mining, which takes a certain liquidity voucher when it gets the timely income, and weighted the dividend BGV token according to the liquidity voucher.
How technical is NGK decentralized finance?
NGK is the first platform to launch DeFi via its own blockchain, and the unique account system can give the DeFi protocol in operation a greater advantage. Whether the transaction is timely and low transaction costs will make the NGK DeFi protocol has a place, from a technical point of view we will open the DeFi project, and pass the use of testing and testing scenes, it can easily complete the work instructions.
DeFi ecology is an important part of NGK’s multi-ecology, NGK will provide the most powerful support of DeFi ecology: NGK public chain as block chain application incubation platform, support DeFi’s intelligent contract upper chain, and provide incentives to DAPP developers. Take the prophetic machine as an example, in the mode of prophetic machine operation, the DAPP developers call data payment to the data provider node, the node by providing data to get rewards, because of the existence of NGK ecological co-construction rewards mechanism, the DAPP developers pay very low cost, achieve the extremely win-win between users and developers.
In terms of ecological layout, building a highly autonomous and more friendly global developer ecology is the cornerstone strategy established at the beginning of the NGK project. NGK provides side chain support for each participating user individual to create one or more ecological chains, with autonomy, isolation from the ecological chain, but with the same credibility as the main chain, accelerating the processing of high concurrent transactions.
In addition, NGK as the value connector of the blockchain world, through the cross-chain technology to give the whole blockchain industry internal connection unobstructed, external expansion of the unlimited possibility to land, break the value islands, realize the link and the chain connection, the link and the central system connection, the link between the data under the chain and the link, complete the value conversion of the decentralized digital assets.
NGK public chain as a value exchange hub will connect cloud computing, AI, big data to provide perfect support for business scenarios. NGK public chain is based on scientific thinking, using rigorous encryption algorithms, issuing creditworthy financial assets with code, executing them automatically through smart contracts, and providing decentralized, unlicensed financial products and services to global users.
The NGK’s goal is to use technology to drive value, create a trillion-dollar business civilization, reshape the existing financial system, and use data democracy to break down the pyramid social class and create a fair and just business civilization. In the future, the NGK public chain not only supports new business scenarios, but also connects traditional finance, realizes the deep integration of the virtual economy and the real economy, and provides the basis for the trust and value swap for the financial scenarios.
The NGK public chain’s technological, modal, ecologically comprehensive transcendence is unimaginable. Today, NGK’s mobile mining, Baccarat, opens up APP registration to users around the world.
Download APPs to participate in the NGK Wealth Feast, and participate in the Liquidity Mining Division BGVs to enjoy many of the benefits!
