Touted by many as the ‘future of finance,’ the sector of decentralized finance or DeFi is booming.
The demand is more than evident as there are currently over $64 billion locked in various protocols. The one thing that most of them have in common, however, is that they are rather specialized. The top protocols by means of total value locked (TVL) are currently oriented towards lending.
Other protocols with billions in TVL include decentralized exchanges such as Uniswap and Sushiswap, and so forth.
With an attempt to provide an all-in-one solution that brings various options under one hood, Impulseven creates an entire ecosystem capable of fulfilling all of the above.
What is Impulseven?
Impulseven is an entirely decentralized financial ecosystem that offers a number of solutions. These include a decentralized exchange, staking, farming, trading, lending, and so forth – all of it is offered in one suite.
Users will be able to quickly and easily access all the products and services that are offered by Impulseven through a single sign-on dashboard that has customization features and high transparency standards, which is also reliable and very secure.
The decentralized exchange (DEX) of Impulseven is a fourth-generation exchange platform that is primarily focused on cross-chain, as well as non-custodial transactions with an advanced order book that would also allow for futures trading, derivatives, and leveraged perpetual contracts.
It’s worth noting that all of the above make the platform rather unique, but the AI, arbitrage trading bot, brings even more flavor to the package. It’s a next-gen product that would help users execute profitable trades automatically. As such, it will monitor different DEX platforms to identify price discrepancies while also being configured for high throughput, capable of executing thousands of transactions per second to guarantee maximum utilization.
The Impulseven Token and Key Features
The Impulseven token is Impulseven’s ERC-20 cryptocurrency which is an integral part of the entire ecosystem. The staking service for Impulseven token is equipped with a unique protocol that boasts advanced features. They include a mechanism designed to offer 80% of the fees generated from all of the transactions with Impulseven token to be shared between the stakers.
There are two important points here:
- The dividends start accumulating the moment users stake their Impulseven token tokens, and the payout is made once every three days.
- The dividends that are earned will be added to the stake, which gradually increases the number of Impulseven tokens the users stake.
In terms of tokenomics, this is how the distribution looks like:
Through all of the above, the platform brings a myriad of key features, which include but are not limited to:
- Easy-to-use interface
- Reliability and high speed
- Trade execution coordinators
A Reliable and Public Team
A large number of the projects that are new in the DeFi space come with anonymous founders, making the due diligence process a bit more challenging.
Impulseven is led by a team of well-known professionals with years of experience within their respective fields.
Benito Elisa, the project’s chief financial advisor, is a well-known name within the banking and financial sector, and he’s the founder of some very prominent projects, including Holo Pub, Tradehood, Wakanda 4.0, and so forth.
Cora Ng-Korimbocus is the project’s COO, and she comes with more than 20 years worth of experience in the fields of communications and management. She holds management positions in a few companies in Mauritius.
The lead developer of Impulseven, Amit Debnath, has been programming since 2016, and he is fluent in a variety of computer languages.