Exchange Defactor

What is Defactor (FACTR)?

Defactor is an innovative blockchain project aiming to bridge traditional finance with decentralized finance (DeFi). Founded by Fergus O’Reilly, Alejandro Gutierrez, and Robert Farias, it was launched in 2021.

Defactor project milestones

• 2021 Launch: Defactor officially launched, bringing traditional finance services to the DeFi ecosystem.
• Integration with Centrifuge: Forming strategic partnerships to enhance liquidity and asset tokenization.
• Successful FACTR Token Sale: Raised initial funding and distributed a significant portion of tokens.
• Development of Asset Tokenization: Deployment of solutions to convert physical assets into digital tokens.
• Formation of Strategic Alliances: Partnered with financial institutions to broaden the ecosystem's appeal.

Stay updated with the latest Defactor (FACTR) news, as any update may significantly affect the FACTR price.

Tokenomics of FACTR

FACTR is built on the Ethereum blockchain, specifically designed to facilitate asset management and liquidity solutions. It's an ERC-20 token utilized for governance and staking within the network. With a total supply of 300 million tokens, FACTR is pivotal in bridging traditional financial services with DeFi applications.

Key features of Defactor (FACTR)

Defactor stands out due to its emphasis on integrating real-world assets with DeFi. Here are some key and unique features that define Defactor:

• Asset Tokenization: Transforming physical assets into digital tokens to improve liquidity.
• Decentralized Governance: Allowing token holders to have a voice in project decisions.
• Seamless Integrations: Partnerships with other DeFi protocols to expand capabilities.
• Enhanced Security: Leveraging blockchain technology to secure asset transactions.

Defactor serves a variety of applications, including:

• Real estate asset tokenization
• The supply chain finance
• The trade finance optimization
• Small and medium enterprise (SME) funding channels

The average fees on the Defactor Network

The average gas fee for transactions on the Defactor Network is approximately 0.002 ETH, equating to around $3 to $5 USD based on current Ethereum prices and network demand.

The FACTR token wallets

• MetaMask: A widely used browser extension wallet for interacting with FACTR on the Ethereum network.
• Trust Wallet: A mobile wallet offering enhanced security and a user-friendly interface for FACTR.
• Ledger Nano S: A hardware wallet ensuring top-tier security for storing FACTR offline.
• MyEtherWallet: A web-based wallet offering comprehensive access to FACTR and other ERC-20 tokens.
• Coinbase Wallet: Known for its robust security, it provides easy DeFi integrations for the FACTR token.

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