DefyDefi Project Abstract

DefyDefi
3 min readApr 22, 2021

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Photo by Jon Tyson on Unsplash

Assumptions and Premises

NFT art vs Token technology

  • Tokenized projects need constant technological development to maintain speculative market value
  • NFT art however is valued by rarity and not bounded by technological developments.
  • NFT can appreciate without the need of technological advancement.

Project abstract

  • DefyDefi is a next gen auto-yield smart contract that is designed to serve real-world use case.
  • Our vision is to have the market cap associated with its NFT treasury, royalties and global NFT partnerships.
  • We envision that our NFT assets and partnerships have long-term value than creating another technology focused token in the market.
  • Long-term sustainability of the project is to generate income rather than just relying on token price speculation.
  • We are the first to use auto-yield smart contract for a real-world income generating project.

Problems we are trying to solve:

  • Scammers are getting more sophisticated with their rug-pull tactics
  • Most people don’t know how to read smart contracts and protect themselves
  • Most tokens have unfair tokenomics that are heavily favored towards team and private investors.
  • Majority of public sale dumps hard after presale
  • Auto-yield tokens have no long-term, real world use case other than just simply being used for pump and dump opportunties.
  • Long-term holder of auto-yield tokens are left with nothing when the price crashes.
  • Most tokens in the market have no income but only relies on market speculation for income.

Solutions:

  • Create a launchpad that will guarantee the safety and security of all tokens from unfair launches and rugpulls (token will be developed by Khuriya launchpad).
  • No team token, No IDO, No ICO, Remove private investors and make presale price equals to listing price
  • Long-term sustainability shall be coming from NFT funding that is built-in the smart contract.
  • If price dumps, NFTs will act as an insurance for the future.
  • If project has a strong NFT collection, buybacks might be strong at lower prices.
  • NFT influencers will provide us with consistent marketing push
  • NFT royalties will be used to buyback tokens. With or without new token holders the project can generate income.

“Holding Defy tokens is like holding a share of a museum of the future.”

Khuriya will be the first ever to combine:

  • Auto-yield token for NFT fund raising
  • Cross-chain NFT acquisition
  • NFT startup and incubation program
  • Tokenized collective ownership of NFT royalties

Our vision and long-term builds

  • To establish a brand of the best NFT funding platform in BSC
  • To attract the most undervalued creators in the world
  • To list our Defy NFT smart contracts on all NFT marketplaces in BSC.
  • To hold the strongest collection of NFTs in the world.
  • To provide highest probability of success for NFT creators.
  • To build a comprehensive on-boarding program for non-tech creators and influencers.

Together we can build the most rare NFTs in the world

Follow our project at
Website https://www.defydefi.io/
Twitter https://twitter.com/DefyDefi_
Telegram https://t.me/DefyDefi

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DefyDefi
DefyDefi

Written by DefyDefi

We raise funds for NFT startups and tokenize their royalty shares

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