There are a few synthetic based projects entering the market right now. However, only one of them does not focus on locking up large amounts of value. Beyond Finance has the aim of enabling anyone to simply just trade anything in a streamlined and easy manner.
The Beyond Finance founding team decided early on that that they wanted to create a one-stop shop that would enable users to rapidly stake, mint, invest or trade synthetic assets, with the least barriers to entry possible. Bringing this type of platform to market will be a first of its kind.
The founders all have deep, fundamental knowledge of synthetic assets, therefore they understand how important these are in the way that they can unlock the world of trading stocks, commodities, forex etc. - until now a closed shop to the vast population of unbanked and underbanked people around the globe.
Traditional finance is a cumbersome, inefficient, and cost prohibitive world that just isn’t open to the individual. On top of this, widespread poverty around the world means that a large proportion of the global population has no access to finance.
The open and transparent platform provided by Beyond Finance caters for these potential investors. It’s also for CeFi and financial institutions who understand and who want exposure to synthetic assets.
Likewise, it is a platform for those new to synthetic assets, and who want to learn about this new and growing sector. Finally, it is a platform for the Beyond Finance community, that has followed this project from the beginning.
It is the community that helps Beyond Finance to shape its offering into something that everyone can use. The user-friendly interface is one element that plays a key role in making new users feel at home and will get them to tell their experience to others, thereby helping with that critical first adoption.
Beyond Finance is reaching the final stages of its beta testnet, and is looking to select a small and exclusive group, part of which will come from the community, for the Phase 1 Test Program.
The Program is a two-phase system that will also include advisors and strategic partners to help define and shape the Beyond Finance protocol before its launch.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.