Ahead of its highly anticipated app release, DeFi Wealth Management company iBG has established a partnership with South East Asia’s first insured Bitcoin Fund, BGBF-I.
The partnership was finalized in March 2021, prompting BFBG-I fund to participate in iBG’s token burn mechanism where 70% of the performance bonus generated from the partnering BTC fund will be sent to the iBG treasury to power the buyback and burn of iBG tokens, and create a deflationary mechanism.
The partnership with BFBG-I fund comes as no surprise, considering the fund has been actively supporting blockchain-based projects, funds and NGOs. Its contributions extend to developing blockchain technologies, and building technology solutions, engaging in Sustainable Development Goals (SDG) ecosystem leaders, and improving digital cooperation across the world to advance SDGs through blockchain technologies.
iBG is set to officially launch its app on April 22, 2021 along with a live webinar to acquaint users with the app and the ecosystem. This comes at a time when Decentralized Finance, better known as DeFi, is at the epicenter of the crypto industry, creating waves of investment opportunities. In 2019 the market was valued at 700 million USD, by March of 2021 more than 42.8 billion USD were locked in DeFi applications, which are digital assets, smart contracts, protocols and decentralized applications built on blockchain, primarily Ethereum.
In 2020 DeFi exploded in popularity, following the launch of a decentralized exchange, Uniswap. In the midst of a global digital transformation for businesses and an unprecedented pandemic, there was an emergence in DeFi protocols and projects and non-fungible tokens (NFTs).
The fairy novel concept of DeFi has unlimited possibilities but continues to be complex for most investors, including crypto specialists. With iBG, novice and professional investors alike can rely on the app's smart engine to match their investment profile with the right DeFi and crypto investment opportunities. Using the app will eliminate the lengthy and risky process of choosing the right projects to invest in.
The undeniable impact of DeFi on the crypto industry was a leading factor for industry giant Binance to release PancakeSwap that offers faster and cheaper Ethereum transactions, to compete with rising gas fees which were affecting DeFi investors. While just this March Uniswap has already released its third version in a little over two years.
The market’s constant evolution is a testament to the impact of DeFi and its impeccable longevity. DeFi is expected to lead the future of businesses, investments, and even dealing with epidemics. The iBG app will simplify the complexities and open the door for investors to a plethora of future-bound opportunities.
To learn more about iBG, visit: www.ibg.finance
To register for the webinar: visit: https://bit.ly/3giG3Dv
