TEFI token is up 150% despite market correction and TEFI announces a generous APY staking of 512%
In two months, the TEFI token has risen 400% from its initial price of $ 0.02. Some might argue that now is not the best time to launch a platform, as a major market correction took place in the process.
However, the Tedefi platform has managed to make its way into the media landscape and maintain its track record, providing weekly updates to the Tedefi Telegram Exchange bot, showing remarkable resistance to downward market pressure and recording a 150% increase in the last 30 days only.
Long term strategy
The Tedefi platform strives to present the first blockchain for Telegram dApps. The Tedefi Exchange bot is a proof of concept running a BSC-derived PoSA chain in the background with Oracles connecting the chain to the Telegram API.
Currently, the channel explorer and developer tools are not public as the development of Oracles is still in progress, leveraging the relationship with the Telegram API to offer all the features and make it as versatile as possible, in order to to allow developers to create NFT marketplaces, play-to-earn games, exchanges, auctions and many more dApps on Telegram.
To encourage the community to continue supporting the TEFI platform and price in a strong uptrend until the mainnet public announcement event, Tedefi Exchange benefits from regular updates and good media coverage.
Here are the latest updates:
P2P transfers in Telegram between Tedefi users
Integration of Metamask and Trustwallet
SHIB token added as payment method
Referral program and airdrop bounty
And now Tedefi has decided to reward its users by offering them a pretty generous staking program.
Staking v1
In order to encourage the long-term support of our community and achieve our goals of developing the first blockchain for Telegram dApps, Tedefi has allocated 11,284,000 TEFIs as a reward to our users who have kept their tokens, thus enabling growing TEFI’s value and attracting new people to the Tedefi platform.
Long Term Strategy
To incentivize the long-term support from our community on our road to developing the first Blockchain for Telegram dApps, Tedefi allocated 11,284,000 TEFI to reward our users for staking their tokens, therefore allowing the value of TEFI to grow, attracting new people to the Tedefi platform.
What is Staking v1
Staking v1 is limited in time until the migration event of TEFI Tokens from BSC network to Tedefi network. The migration event is expected in Q2 of 2022, with the exact date being announced in the middle of Q1 2022. With the launch of the migration event, all the v1 stakings will be stopped and rewarded, with the further possibility to restake tokens to Staking v2.
Tedefi Network will rely on Proof of Staked Authority (PoSA) consensus with oracles that connect to Telegram API, allowing developers to build new dApps and deploy tokens in Telegram. TedefiBot is a proof of concept of what can be done in Telegram, but not limited to this. Developers will be able to create Play-to-Earn Games, NFT Marketplaces, Airdrop bots, auctions, crypto bookmakers, and much more.
Blockchain oracles are systems that allow blockchains to communicate with external systems, such as Telegram.
Tedefi network will be fueled by TEFI, and since it is a PoSA consensus network, TEFI holders will be able to stake TEFI to a validator node, earning a portion of their validation rewards. This will be TEFI Staking v2.
How is the annual percentage return determined?
The 11,284,000 TEFIs allocated will be distributed proportionally among the stakedeners, and the annual yield percentage will be recalculated for each 5,000,000 TEFI put into play, but limited to the following periods: 289/367/512% for 30/60/90 days respectively, which favors the first stakes. As the end date approaches, the 90 and 60 day periods will be removed and the annual rate will be adjusted accordingly. If the pool is not fully utilized, the remaining TEFIs will be transferred to the v2 staking pool.
Conclusion
Tedefi Network is a very promising platform, given the speed of growth of Telegram, and other instant messengers such as WhatsApp that are trying to get a foothold in the crypto world by adding in-app cryptocurrency payments. For next year, we expect an evolution of dApps and exchanges in instant messaging applications.
Telegram has a definite advantage, however, as it provides an API for building bots, which offers huge possibilities, from games to full exchanges inside Telegram.
Staking v1 is a great way to reward early Tedefi followers for their support. We aim to become the first blockchain to allow the creation of dApps in Telegram! Do not miss this unique opportunity!
Staking in Telegram: TedefiBot
Website: Tedefi.com
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