Definix is a crypto investment platform on DeFi for investors who want to invest in crypto assets that are tradable in liquidity mining. It is also for professional traders who desire to possess their own crypto fund. Participants are required to pass the Finix Challenge, a paper trade on chain.
FINIX is a governance token that developers make to let token holders decide the future of a protocol. Governance token holders are able to influence decisions surrounding the project like proposing or deciding on feature proposals or making some changes to the governance system itself.
FINIX is an ecosystem token within the Definix platform and can only be received by staking cryptocurrency that is supported on the platform. The uses of FINIX include the following:
- Investment Privilege: FINIX token offers certain privileges to token holders, like financial products on Definix, particularly Definix’s investment products.
- Ecosystem Token: Ecosystem token holders influence project decisions like suggesting or deciding on feature proposals as well as changing the governance system.
- FINIX Challenge: The FINIX token is utilized as a resource in the FINIX challenge. Traders who want to be Fund Managers on Definix are required to participate in the challenge. Only qualified traders earn the right to develop and manage their own fund.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- DecentralizationProcess of redistributing or dispersing functions, powers, people or things away from a central location or authority
- Blockchain and cryptocurrencyTopics related to blockchain and cryptocurrency.
- Web3Web3 is a proposed iteration of the internet that would be decentralized and built upon the blockchain.
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