The Hague (Den Haag), Netherlands–(Newsfile Corp. – May 19, 2022) – A new DeFi platform is in the works, as FrogeX pioneers announce the launch of their latest project. DeFi focuses on convenience and efficiency of peer-to-peer transactions, with the added benefit of smart contracts that live on the blockchain. This means that DeFi platforms eliminate the typical bureaucracy and waiting period for transactions to clear. They also remove the need for outside mediators and human intermediaries.
The Eco DeFi platform is deployed on BNB Chain, and only BEP-20 based tokens are supported. Meanwhile, Ontology is building an infrastructure for Web3 that is regulatory compliant and trustworthy. As an added bonus, the Eco DeFi platform is expected to support the payment of multiple types of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. For those curious, the Eco DeFi platform has a number of other features that will make it an attractive proposition for both new and existing users.
In a world where traditional finance is losing its grip on the financial world, one crypto project is setting an example with its innovative approach to decentralized finance. FrogeX, a project that pioneers a new Eco-Defi crypto-category, is an example of such a project. Its decentralized smart announcement platform enables its users to save, borrow and insure their assets based on their rules.
FrogeX pioneers a new “Eco-DeFi” crypto-category with advanced smart contract investment tasks to stop deforestation while traders earn dividends.
FrogeX has made a noteworthy access by using and being the direct successor and continuation of the sector’s first Eco-Defi token, Froge Finance. This crypto has been released to make the planet a greener area along with being financially profitable for its holders or buyers.
By making a crypto purchase, first, get an Eco-DeFi wallet. Eco-DeFi can be bought on CoinMarketCap with various currencies. There is also a short-hand for this currency, which is ECOP/USD. Different platforms offer different levels of security, reliability, and liquidity. Make sure to compare each one to make the best choice.
About FrogeX mission
The FrogeX mission is inspired through an iconic assertion made through a special a person, which precipitated Bitcoin to plummet like a wingless bird in latest months, and with it, the relaxation of the cryptocurrencies. Due to high strength demand, crypto mining has an extreme and regularly irreversible terrible impact in the world’s ecological fitness, according to the assertion.
As a result, the Eco-DeFi token is designed from the bottom up to be environmentally pleasant. Because of the efficiency of this exceptional Eco-DeFi Smart Contract, this coin has been created with strength conservation and minimal gas prices in thoughts. Ecology-Focused Decentralized Finance (Eco-DeFi) is an acronym for Ecology-Focused Decentralized Finance. It’s a reimagined model of the DeFi coin Froge Finance, aligned to promote focus and budget for environmental groups.
With two specific dreams in thoughts – saving the environment, and providing economic profits – the tokenomics of FrogeX were crafted at the side of an elaborately laid tax plan to present again to the surroundings together with the holders.
As laid down in our White Paper Document dubbed “The Green paper”, the first and primary goal of FrogeX is to fund a purifier and more resilient environment via charities which are already part of this like our partners:
Currently, 1/2 of the donation monies from the FrogeX token clever agreement visit Rainforest Foundation US and the alternative half to One Tree Planted.
The Rainforest Foundation within the United States is committed to environmental and human rights protection. RFUS knows the severity of weather trade, in addition to the need for equitable, long-time period development that doesn’t devastate critical ecological systems which includes the Amazon rainforests.
Through technical education, criminal and negotiation assist, and lobbying, the Rainforest Foundation US works with indigenous tribes to comfortable criminal rights to standard lands and to defend them from deforestation. This contributes to the objective of stopping additional damage to fragile natural habitats and combating deforestation whilst also helping indigenous tribes living in these rainforest settings.
OneTreePlanted promises that for every $1 donated, one tree can be planted as part of the organisation’s worldwide reforestation efforts. One Tree Planted promotes reforestation by way of planting timber in formerly forested areas which have been deforested because of human ecological damage. FrogeX’s goals are to help plant 1 million bushes by means of the quit of 2022 and safeguard current rainforests from destiny destruction, with overall donations of USD 4,000 in only a month. That will absolutely make contributions to a shift inside the natural equilibrium in desire of the green.
How FrogeX has funded its goals?
The tax earned from buying and selling this token will be used to pay all charitable donations made through FrogeX. Hence as more humans make the most of this token, extra tax may be amassed and contributed to organizations that vow to plant trees and preserve our planet’s rainforests.
The company has raised $4,000 USD in one month, and is aiming to plant one million trees by 2022.
It is currently the cheapest ERC-20 reflection token, and its intelligent contract puts gas usage on par with a stable coin like Tether. It has raised $1.5 million in seed money and is listed on the Dutch WhiteBIT CEX exchange. As of February 22, the token has a UNISWAP listing, with over 6500 holders at the time of this article.
Besides being a great store of value, FrogeX also intends to make charitable donations with the tax it collects from trading. The tax is a 10% transaction fee, but it is customizable, and it can be reduced to as low as 0.01%.
The tax shape is as follows:
1. 5 % Tax on buys
a. can be altered to a max of 10% and a minimum of 0.1%.
b. Recommended slippage of 7%
2. 8% tax on sells
a. Can be altered to a max of 16% and a minimum of 0.1%
b. Recommended slippage is 10%
3. Taxes will be distributed towards:
b. ETH dividends
c. Automatic Liquidity Creation
d. Marketing and Administration costs
This is how FrogeX intends to help its charitable goals of making the sector a greener region and reversing the negative effects of crypto mining and different sorts of unfavorable environmental disruption.
Froge Finance Foundation
FrogeX Finance Foundation, a legally unbiased commercial enterprise registered inside the Hague, Netherlands, has collaborated with FrogeX to boom cognizance approximately the token and its goals for its holders and the globe. The Froge Finance Foundation has lately been certified to ISO 14001 and ISO 9001, two internationally recognized standards. ISO 14001 is the enterprise preferred for environmental effect monitoring and reduction, as well as better sustainability, while ISO 9001 outlines the standards for growing an internal satisfactory control device. Compliance with these standards will assist to aid the foundation’s inexperienced dreams while additionally laying the basis for its approaches to run smoothly and with the aid of applicable regulatory necessities.
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