How it works
Last updated
Last updated
Based on the core features of DeFi, Bitbyte.Finance combines the demand for cross-chain assets as demanded by the market and integrates DEX, cross-chain bridges and routing through multi-chain deployment to build multiply decentralized This allows users to directly trade liquidity from other decentralized exchanges without having to establish liquidity on Bitbyte, ensuring liquidity and depth of transactions while meeting users' demands for security and low slippage in cross-chain asset trading.
In addition, Bitbyte launched the NFT marketplace and NFT minting function to support all types of mainstream auctions in the market, and introduced a digital identity system by building a user community network within the platform, which is based on the decentralized, distributed and anonymous nature of blockchain technology, realizing the organic combination of social and finance in the crypto market, forming a "decentralized social graph", providing a complete set of solutions for users entering Web3 and the meta-universe regarding the trust and security of social finance.
By building a multi-chain liquidity aggregator, combined with NFT functionality and a built-in community network mechanism, Bitbyte has formed a "DeFi+NFT+DAO" eco-platform, which is fully defined as a decentralized trading platform (DEX), an opportunity to earn tokens, a non-fungible token (NFT) marketplace, and a decentralized community.
Permission-free and censorship-resistant: anyone in any environment can access it without permission and without any KYC review.
Liquidity aggregation: users can access multiple heads DEX liquidities on the corresponding network directly at once through a decentralized wallet, to obtain the best quality and efficient trading prices.
Cross-chain trading: Build cross-chain trading pools based on mature and promising cross-chain solutions in the market, enabling users' assets to be freely traded and transferred between multiple chains.
NFT Casting and Auction: Based on the NFT auction market, it provides both NFT casting functions and derivatives market functions to unlock NFT liquidity.
Community-driven: Based on the innovative design of Bitbyte.Finance's various functional invitation mechanisms, decentralized governance and community-driven development will ultimately be achieved.
The Bitbyte platform is structured by "DeFi + NFT + DAO", with features around the DeFi element including Swap, pledged mining, liquidity pools, IDO crowdfunding, airdrops, and NFT element including NFT trading market, NFT minting, NFT derivatives market, etc. The platform has built-in community network invitation mechanisms into each of the features, building community networks around the users themselves and sinking social value into them.
Bitbyte will also introduce a digital identity system, which will further open up the value network of social finance. Combining the decentralised, distributed and anonymous nature of the underlying blockchain, the scalability and composability of DeFi, and the uniqueness of NFT and the explosive nature of the community network, the Bitbyte.Finance platform will be an important bridge for users to enter the world of the Internet of Value, Web3 and the metaverse.
Bitbyte can ensures the integrity and validity of information on digital assets within the platform through a four-layer structure, providing users with a secure and efficient trading environment.
Networks: The network layer is the foundation of Bitbyte and includes public chain networks such as BSC, Heco and the potential Layer 2 network.
Settlement Layer: Users connect to the transaction pool via Bitbyte, sign and authorize the transaction based on the wallet, and settle the transaction through a smart contract. On the other hand, cross-chain protocols and cross-chain pools help users to convert and settle assets across chains.
Market Liquidity: Bitbyte deploys aggregation protocols across different chains to connect and aggregate liquidity across multiple high-quality DEXs, recommending the best price and trade path for users.
Application Layer: encapsulates the corresponding functional services and smart contracts into a unified creation process for developers, and also provides a more convenient and easy-to-use front-end interface for Bitbyte users to trade and earn coins.
