Bitlocus — Solving the risks associated with DeFi (Technical Risks)
DeFi applications (DApps) use blockchain to mimic traditional financial systems such as banks and exchanges. However, with these systems, there is always a central body that controls the system. While this can solve numerous problems of CeFi, there are undoubtedly associated risks with the use of DeFi and DApps.
The technical risks of DeFi
DeFi platforms, like other types of financial services operations, suffer from serious cybersecurity risks in addition to scalability issues.
How Bitlocus Mitigates DeFi’s Technical and Procedural Risks
Bitlocus’ emphasis on creating a safe and user-friendly environment helps protect investors from the many risks associated with DeFi. While there will always be risks in investing, the platform does its best to mitigate users’ exposure to potential crises.
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DeFi applications (DApps) use blockchain to mimic traditional financial systems such as banks and exchanges. However, with these systems, there is always a central body that controls the system. While this can solve numerous problems of CeFi, there are undoubtedly associated risks with the use of DeFi and DApps.
The technical risks of DeFi
DeFi platforms, like other types of financial services operations, suffer from serious cybersecurity risks in addition to scalability issues.
How Bitlocus Mitigates DeFi’s Technical and Procedural Risks
Bitlocus’ emphasis on creating a safe and user-friendly environment helps protect investors from the many risks associated with DeFi. While there will always be risks in investing, the platform does its best to mitigate users’ exposure to potential crises.
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Understanding the Bitlocus CeDeFI platform
The Bitlocus CeDeFi solution is superior to those of traditional and other DeFi platforms. Investing FIAT into crypto and DeFi options has never been this easy, secure and low cost.
Simple user interface
Investing in DeFi is now simple. Bitlocus shortens the process to only a few steps for users. The user interface does not require any high-level technical skills or crypto knowledge.
Cost management
The cost when using our platform is significantly reduced. Bitlocus completely removes the fiat-to-crypto conversion fee and investing in DeFi protocols only costs a low fee of 0.5%
Mitigating the Risks
Our advanced protection system reduces investment risks associated with DeFi to almost zero. Bitlocus will protect users from Ponzi schemes, scams and abnormal FX rates.
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The Bitlocus CeDeFi solution is superior to those of traditional and other DeFi platforms. Investing FIAT into crypto and DeFi options has never been this easy, secure and low cost.
Simple user interface
Investing in DeFi is now simple. Bitlocus shortens the process to only a few steps for users. The user interface does not require any high-level technical skills or crypto knowledge.
Cost management
The cost when using our platform is significantly reduced. Bitlocus completely removes the fiat-to-crypto conversion fee and investing in DeFi protocols only costs a low fee of 0.5%
Mitigating the Risks
Our advanced protection system reduces investment risks associated with DeFi to almost zero. Bitlocus will protect users from Ponzi schemes, scams and abnormal FX rates.
🌐Socials
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Enjoy my Hobby Community will be hosting an AMA with Bitlocus on the 8th of November, 12:00 noon UTC
🏚Venue For AMA ⤵️
@enjoymyhobbys
💰Reward Pool : 300$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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🏚Venue For AMA ⤵️
@enjoymyhobbys
💰Reward Pool : 300$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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Hello Community,
Bitlocus Meme Contest submission will officially come to a close today Nov 8, 2021 11:00am UTC.
🔥 If you or anyone else haven't participated yet, this is the best time to get that creative meme up. Don't forget to follow the instructions.
🔑 Any submission after the above time frame will be ignored and invalid.
Stay active to not miss the Finale announcements.🚀
Bitlocus Meme Contest submission will officially come to a close today Nov 8, 2021 11:00am UTC.
🔥 If you or anyone else haven't participated yet, this is the best time to get that creative meme up. Don't forget to follow the instructions.
🔑 Any submission after the above time frame will be ignored and invalid.
Stay active to not miss the Finale announcements.🚀
Integration of the Terra Blockchain with Bitlocus
Stablecoins are an integral part of the DeFi ecosystem, and their popularity matches some of the biggest cryptocurrencies available. But what if an entire blockchain was built around the idea of stablecoins? Terra blockchain’s core process precisely does that.
What is the Terra Blockchain Protocol?
Terra is a decentralized payment network based on blockchain. The concept was created by Terraform Labs, a Korean firm formed by Daniel Shin and Do Kwon, two well-known figures in the world of DeFi. The platform was created as a means to replace conventional payment systems with a single blockchain layer.
What Makes Terra Blockchain Ideal for Bitlocus?
✅ Algorithmic Backed Supply
✅ Reasonable Guaranteed Yield
✅ Strong Community
✅ Track Record of Mainstream Adoption
✅ Usability
✅ Fully Decentralized Track
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Stablecoins are an integral part of the DeFi ecosystem, and their popularity matches some of the biggest cryptocurrencies available. But what if an entire blockchain was built around the idea of stablecoins? Terra blockchain’s core process precisely does that.
What is the Terra Blockchain Protocol?
Terra is a decentralized payment network based on blockchain. The concept was created by Terraform Labs, a Korean firm formed by Daniel Shin and Do Kwon, two well-known figures in the world of DeFi. The platform was created as a means to replace conventional payment systems with a single blockchain layer.
What Makes Terra Blockchain Ideal for Bitlocus?
✅ Algorithmic Backed Supply
✅ Reasonable Guaranteed Yield
✅ Strong Community
✅ Track Record of Mainstream Adoption
✅ Usability
✅ Fully Decentralized Track
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The Weekly Active Campaign is still ongoing!
5 People will share $100 this week!
How can you win? Simply Stay Active in our Telegram Group.
Please note that winners for the previous week will be announced tomorrow!
Who’s excited? 🥳🥳
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5 People will share $100 this week!
How can you win? Simply Stay Active in our Telegram Group.
Please note that winners for the previous week will be announced tomorrow!
Who’s excited? 🥳🥳
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HC Gem Community will be hosting an AMA with Bitlocus on the 9th of November, 13:00 noon UTC
🏚Venue For AMA ⤵️
@HCGemAlerts_chat
💰Reward Pool : 200$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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🏚Venue For AMA ⤵️
@HCGemAlerts_chat
💰Reward Pool : 200$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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Community Voting for Bitlocus Meme Contest Finale has commenced today.
Certainly, it was a difficult pick for us. Each participants has shown creativity.
Thank you all for Participating🎉
One Person, One Vote. 10 final winners. 🎁 $400
Vote to pick your most beloved meme:
🔗 https://bit.ly/2YqLSIk
Or scan the QR code to vote.
Share to others to vote too. Support your favourite meme.
Certainly, it was a difficult pick for us. Each participants has shown creativity.
Thank you all for Participating🎉
One Person, One Vote. 10 final winners. 🎁 $400
Vote to pick your most beloved meme:
🔗 https://bit.ly/2YqLSIk
Or scan the QR code to vote.
Share to others to vote too. Support your favourite meme.
Coin68 will be hosting an AMA with Bitlocus on the 10th of November, 13:00 noon UTC
🏚Venue For AMA ⤵️
https://youtube.com/Coin68TV
Hear and watch Bitlocus CEO, Andrius Normantas talk about what we have to offer to the Global Crypto Community.
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🏚Venue For AMA ⤵️
https://youtube.com/Coin68TV
Hear and watch Bitlocus CEO, Andrius Normantas talk about what we have to offer to the Global Crypto Community.
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Announcing the second set of Winners
We are pleased to announce the winners for the past week.
These winners will get $20 each for their contribution to the community.
Winners are :
@BaljinBaljik
@kodokudeath
@snowfluke
@Deem_Bro
@devinsamosir
If your name appears here, please send @glorylucas a dm with your BEP20 USDT address.
New week of winners starts counting immediately!
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We are pleased to announce the winners for the past week.
These winners will get $20 each for their contribution to the community.
Winners are :
@BaljinBaljik
@kodokudeath
@snowfluke
@Deem_Bro
@devinsamosir
If your name appears here, please send @glorylucas a dm with your BEP20 USDT address.
New week of winners starts counting immediately!
🌐SocialsTwitter | Telegram Chat | Website | Medium
Terra X Bitlocus is a defining prospect for the crypto community, a perfect fit. Which one of these do not represent why Terra is ideal for Bitlocus?
Final Results
57%
A. Low gas fee and higher crypto knowledge base requirement
6%
B. Reasonable Guaranteed Yield
14%
C. Fully Decentralized Track
8%
D. Usability
9%
E. None of the above
6%
F. Track record of Mainstream Adoption
🎉BITLOCUS MEME CONTEST WINNERS🎉
Hello Community,
We are pleased to announce the winners of BITLOCUS Meme Contest ran from Nov 3 - Nov 10.
🏆 Winners: (@Deem_Bro /tg) #meme888 with 33% of the total community votes. Congratulations 🎖️
🏆 @Amilaperera123/Tw #meme283 with 11% of the total community votes. Congratulations 🎖️
🏆 A tie for the 3rd Place.
@iamalien2050(#meme336) & @deem_bro(#meme446) with 8% each of the total community votes. Congratulations 🎖️
🏆 A tie for the 5th Place.
@yuniart105 #meme197 & @bhelekesehe(#meme014) with 7% each of the total community votes. Congratulations 🎖️
🏆 A tie for the 7th Place. 5% each.
@ahmadsuratin2 #meme004 & @jayjay202000(#meme414) Congratulations 🎖️
🏆 A tie for the 9th Place. 4% each.
@anik989 #meme555 & @hieudinh0301/Tw (#meme301) Congratulations 🎖️
🎁 The winners will receive their gifts. Dm @uenderhand with your BEP20 USDT address.
🔑 Thank you to every participant and voters for contributing.
#BTL to the moon🚀
Hello Community,
We are pleased to announce the winners of BITLOCUS Meme Contest ran from Nov 3 - Nov 10.
🏆 Winners: (@Deem_Bro /tg) #meme888 with 33% of the total community votes. Congratulations 🎖️
🏆 @Amilaperera123/Tw #meme283 with 11% of the total community votes. Congratulations 🎖️
🏆 A tie for the 3rd Place.
@iamalien2050(#meme336) & @deem_bro(#meme446) with 8% each of the total community votes. Congratulations 🎖️
🏆 A tie for the 5th Place.
@yuniart105 #meme197 & @bhelekesehe(#meme014) with 7% each of the total community votes. Congratulations 🎖️
🏆 A tie for the 7th Place. 5% each.
@ahmadsuratin2 #meme004 & @jayjay202000(#meme414) Congratulations 🎖️
🏆 A tie for the 9th Place. 4% each.
@anik989 #meme555 & @hieudinh0301/Tw (#meme301) Congratulations 🎖️
🎁 The winners will receive their gifts. Dm @uenderhand with your BEP20 USDT address.
🔑 Thank you to every participant and voters for contributing.
#BTL to the moon🚀
Bitlocus — Functionality of BTL Token: AMM and Liquidity Mining
There are numerous issues with centralized finance (CeFi)s, and most stem from a system controlled by a select few. However, blockchain, and specifically decentralized finance (DeFi), were invented to tackle the limitations of CeFi.
So where does Bitlocus stand?
Bitlocus is a Fiat-DeFi Management Platform that aims to make the user’s DeFi experience as simple and cost-effective as possible.
By placing itself between users and DeFi protocols, Bitlocus adds value by addressing several challenges DeFi users face.
Bitlocus’ official token, $BTL, is the native token. It’s essentially the lifeblood of the Bitlocus ecosystem and provides BTL token holders and users with huge benefits across a variety of services. Bitlocus and its token are built on the Terra blockchain.
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There are numerous issues with centralized finance (CeFi)s, and most stem from a system controlled by a select few. However, blockchain, and specifically decentralized finance (DeFi), were invented to tackle the limitations of CeFi.
So where does Bitlocus stand?
Bitlocus is a Fiat-DeFi Management Platform that aims to make the user’s DeFi experience as simple and cost-effective as possible.
By placing itself between users and DeFi protocols, Bitlocus adds value by addressing several challenges DeFi users face.
Bitlocus’ official token, $BTL, is the native token. It’s essentially the lifeblood of the Bitlocus ecosystem and provides BTL token holders and users with huge benefits across a variety of services. Bitlocus and its token are built on the Terra blockchain.
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Viet Gem Community will be hosting an AMA with Bitlocus on the 12th of November, 12:00 noon UTC
🏚Venue For AMA ⤵️
@vietgemscrypto
💰Reward Pool : 150$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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🏚Venue For AMA ⤵️
@vietgemscrypto
💰Reward Pool : 150$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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