Robo Inu Finance

Today we are exploring the concept of decentralization as a core principle of cryptocurrency and blockchain transactions. When bitcoin became accessible to the world in 2009, it was branded as a universal digital currency never to be under the control of a select few. Blockchain itself was to serve as an immutable record, resistant to data corruption and ledger manipulation. Its belief that each block can never be edited or destroyed assured early adopters that this was a truly transparent currency, resistant to the inherent flaws of fiat and traditional accounting.Fast forward 10 years and cryptocurrency was no longer only available via obscure web platforms and peer to peer (P2P) transactions. The rise of the Centralized Exchange (CEX) meant crypto was available at the click of a button, garnering worldwide adoption at a rapidly accelerating pace. If you believe in the basic principle of cryptocurrency as a means of correcting a broken financial system, then surely any way to gain mass exposure is beneficial, right? But as we have seen, nothing this good comes without tremendous risk.A Centralized Exchange will purchase large amounts of various cryptocurrencies and allow for trading within their platforms, often attached to trading fees from which the bulk of their revenue is generated. Conversely, the Decentralized Exchange merely serves as an Automated Market Maker, connecting buyer and seller while performing pricing functions to match the interested parties. The DEX requires connection to a separate DeFi wallet, where users alone control access and security of its assets, whereas a CEX partitions its platform into sub-wallets for its users and maintains overall control of all assets. In essence, purchasing crypto on a CEX platform is the digital equivalent of an IOU. Aside from trading fees, these Centralized Exchanges have the ability to reinvest user funds into alternative investments and ventures that benefit the Exchange.For the uninitiated, I’d like to draw upon a simple albeit imperfect analogy; the apple farmer. A farmer may grow as many apples as their land will allow, and they may choose to sell said apples in a variety of ways. The most direct method would be to set up shop right at their farm and allow customers to purchase as many as they desire on sight. I can head to the farm, buy my apples, and take them home with me to do whatever I see fit (the DEX). On the other hand, the farmer may sell large amounts of apples to a distributor (the CEX), who maintains an order book for individual customers based on the premise that when they need their apples, they will be delivered. As you can imagine, several things can go wrong with this model. Perhaps the distributor decides to bake a few pies and venture into the pastry business, or perhaps they desire to trade some for oranges under the assumption that when the customer needs those apples, they can purchase more or tap into a reserve they accumulated. This model works well as long as the supply keeps pace with the demand, and all parties make good on their promises.In recent times, we have seen the mismanagement of user funds as the primary catalyst for the liquidity crisis. Unpaid loans and bad investments can wipe out a CEX’s liquidity, and without cash on reserve, the outcome is devastating. This recurring nightmare is what sparked the call to action for Robo Inu Finance to build and ultimately deploy its own DEX, RoboEx. Developing a strong community united in the goal of financial freedom requires accessibility. Recognizing financial freedom means something different to us all and that we all come from different means, the team added some DEX-unique functionality; the limit order. A limit order allows the user to set their own price points to conduct transactions. Going back to our apple farm analogy, not only can we purchase our apples directly from the farm, but we can tell the farmer that we are only willing to purchase our apples at a certain price. The transaction will not be completed unless our price point is reached or we cancel our order. It is in this way that RoboEx makes cryptocurrency accessible to all, both experienced traders and novice traders simply looking for a good entry per their means.As stated before, a DEX cannot function alone. It requires connectivity to a separate DeFi wallet. And we can think of no better compliment to RoboEx than RoboWallet. Packaged together for seamless functionality, users can conduct transactions and store assets on the same platform. Keeping in line with a truly decentralized, international community, the RoboWallet will offer the option to store cryptocurrency as well as fiat currency, and allow cross-border payments in both mediums. As an added bonus, users will be able to track their spending and finances. This small but mighty feature is a critical component to achieving financial freedom; the ability to see one’s finances in one consolidated platform. Until we are confronted with our spending habits, we cannot formulate our plan to stay on the right side of credit/debt.The Robo Inu Finance ecosystem is uniquely committed to not only the opportunity to generate wealth, but to the education of its community on these opportunities and the fiscal responsibility that comes with success. While most crypto projects seek to create a niche bubble within the sector that isolates itself from the broader environment, Robo Inu Finance has created products and utilities that seek to branch outward into both the crypto and traditional financial sectors and serve as a bridge between both worlds.With holders from all around the world, Robo Inu Finance has connected each and every single one with each other via common ground; achieving financial freedom. Combining this noble cause with the ever-growing options associated with cross-border payments and seamless trading/storage platforms, there is no Race, Religion, Creed, or Gender that cannot find shade under the Robo Global Investment umbrella. As we usher in these new modes of wealth generation, Robo Inu Finance is a pioneer of building a truly decentralized community.

Building a Decentralized Community

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Další články publikované 27. 2. 2023

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