Telefy Price (TELE)

Telefy is a platform designed to allocate a trustless Tele score (credit score) to every crypto wallet. This platform determines the credit worthiness of a crypto user to promulgate the right interest rate for the user. The amount of tokens users hold in their wallets and their previous transactions are assessed to determine their Tele-score. Once the score is determined, users can pay the interest accordingly. Telefy publishes the Tele-score as a microservice and any user can choose this service. It will help many decentralized finance platforms offering lending solutions. Therefore, Telefy will not only help borrowers but also lenders looking for credible borrowers. Telefy features The following features make Telefy a unique platform for the services it is offering: Tele Swap It is a multi-chain protocol that will enable crypto users to add liquidity through Automated Market Maker. Users can use this protocol to swap their coins seamlessly. Users can use this protocol to move between chains freely. It will reduce the fee and users will swap between chains without any trouble.
Tele Lend Telefy is introducing an automated lending protocol that users can use to borrow or lend tokens using their Tele Score. This multi-chain protocol will make the exchange between the lender and borrower pretty easy. It is going to be available on Ethereum, Matic, Binance, Polka Dot, Cardano, and other platforms. Tele NFT This multi-chain NFT marketplace is going to feature the latest NFT tokens. Platform users can use this marketplace to list new NFTs, sell them, and buy profitable non-fungible tokens. TELE token stakers will benefit from the growing popularity of this marketplace. They will gain tokens whenever a user pays the fee to use this new NFT marketplace. Tele Score The Tele Score program is designed to flawlessly assess the credit-worthiness of a user. It is a multi-chain programmable protocol. It assesses the user’s crypto holdings, transaction history, and several important factors to generate the most accurate Tele Score. Users with great Tele Score can hope to borrow cryptos at the most appropriate interest rates. Some users might get a low Tele Score if they have zero or very low transactions in their crypto wallet. The interest rate for users with a high Tele Score can be stable and users with a low Tele Score may get a higher interest rate. Users, who buy and stake the Tele coin, can easily improve their credit worthiness. Lenders will use this protocol to identify the trustworthiness of the borrower to prevent losses. Therefore, it will benefit millions of crypto users. Tele Pad This platform is offering a sophisticated launchpad to run any Initial DEX Offerings. Being a multi-cross chain launch pad, the Tele Pad will allow TELE coin holders to participate in IDO. This platform will assess various parameters related to the IDO launch PAD projects. Thus, it will decide whether the IDO will go live or not. Telefy is going to charge 10% protocol fees and Tele coin holders will gain a share from that fee. Thus, Telefy is going to benefit stakers who are looking to earn more cryptos without investing more.