Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will leave the traditional financial system behind and use dApps, tokens, and other digital innovations for economic purposes.
However, DeFi is still in its infant stage, leaving room for scams, money laundering, and other criminal activities. Without secure solutions and educational services, DeFi could become more of a risky venture than an enriching opportunity for individuals and businesses.
Here is where STACKD Finance steps in, to help develop DeFi into a safer, more transparent, and sustainable economic environment. Read on to discover its vision, utilities, and services!
What is STACKD Finance?
STACKD Finance is a project seeking to take the DeFi industry to a new level. Its cryptocurrency ecosystem aims to provide an ultimate standard of trust and security by offering various services to tokens and individuals and by helping to bridge fiat and DeFi. This way, STACKD can make DeFi safer for individuals and projects new to the cryptocurrency sphere, DeFi and the blockchain-based economy.
The STACKD organization consists of high-level executives, team members, and business advisors who are doxxed and have passed KYC with InterFi. STACKD is built on a four-pillared philosophy, using honesty, integrity, community, and collaboration to reshape DeFi into a safer, more sustainable, and productive environment.
The project provides educational opportunities, advanced utilities, and tools to support users in developing generational wealth through cryptocurrency and decentralized finance. STACKD Finance also provides services to help tokens and individuals navigate the DeFi space in a safer way than previously possible.
STACKD Finance will feature a proprietary deflationary token to ensure the project’s security and longevity. Token buying and selling will include a 20% tax, redistributing 15% of it as BUSD rewards for token holders. This means that 75% of the total tax will return to the STACKD community. The rest of the tax will go towards marketing, staking rewards, buyback + burns, team tokens and liquidity.
STACKD will not limit wallet holdings, or buy limits. Nor will they charge a transfer tax.
They will, however, protect smaller holders by setting a maximum sell of 0.2% per transaction.
STACKD Finance has an extensive roadmap comprising ambitious milestones for the next two years and beyond. For instance, the project aims to launch its token, list it on crypto exchanges, and develop various utilities within its DeFi ecosystem.
Furthermore, STACKED intends to expand its team, establish a philanthropic fund allocation, and join the Metaverse by Q2 of 2023.
STACKD Finance Services
Setting a new example of excellence in DeFi is impossible without innovative tools and utilities. Here are some STACKD Finance services that will help them reach that goal.
STACKD AVS – Advanced Verification Services
‘KYC’ stands for ‘Know your Customer’ and is a level of verification suitable for customers of business. The team at STACKD Finance believe that the current KYC processes used within DeFi are inadequate to verify the identity of people who lead cryptocurrency tokens and potentially multi million dollar projects, and who have control over the finances of their investors.
AVS aims to set the new standard of ID verification in cryptocurrency for individuals and projects. STACKD AVS will verify the identity of a person to a much higher standard than a typical KYC process, and the advanced STACKD AVS Gold will verify not just the identity of the person, but also conduct additional checks to verify that they are a fit and proper person to run a crypto project.
STACKD AVS Platinum is for crypto tokens and projects, and will verify the identity and suitability of the team leaders, as well as carrying out an independent assessment of the project as a whole, providing potential investors with further peace of mind that a project has been vetted by a trusted third party.
In the event of an individual/project being issued with AVS certification and then subsequently being involved in a ‘Rug Pull’ or ‘Scam’, STACKD Finance will proactively provide the individual’s details to the authorities in the relevant location and will cooperate fully with any criminal proceedings initiated against the relevant individual/project.
STACKD Legal & Compliance
This service helps other token-based projects to develop their businesses, using the STACKD vision and philosophy and aiming to make DeFi safer for everyone. STACKD’s Chief Legal Officer, Rach, will lead the Legal & Compliance Division and offer services to tokens at all stages of their development.
This division will work hand-in-hand with the AVS Division to ensure clients receive full-service utilities and help their projects to grow securely. For instance, projects can apply for:
- Advice about legislative requirements in a jurisdiction
- Project management of the establishment and registration of crypto companies
- Advice on how to start a token
- Advice on privacy issues
- Assistance with compliance with privacy legislation and storage of investor data
- Drafting website terms and conditions and privacy policies
- Risk mitigation advice
- Drafting and advising on contracts and arrangements (including Partnership Agreements and other contracts)
Currently, the STACKD team is developing various compliance utilities and additional compliance services according to its vision.
STACKD Finance will make its Legal & Compliance services available to all coins and tokens. This way, they will be ready for the imminent regulations in the cryptocurrency space.
STACKD Finance is one of the latest projects to surface in DeFi with a uniquely positive approach to this environment. Its transparent philosophy and its practical services will help and inspire other projects to build a safer financial ecosystem for everyone within DeFi. While the project is still in its development stages, it is only 1 week from launch and has already announced several partnerships and its AVS and Legal & Compliance services.
STACKD has built a huge organic community who love receiving the information STACKD consistently releases about its services, tools, partnerships and utilities. We will follow its evolution closely and see how fast STACKD will reach the many goals in its extensive roadmap.
Meanwhile, for more information about STACKD Finance, please follow the links below:
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