The cryptocurrency industry is moving towards DeFi and non-custodial platforms. His Dyor, a decentralized cryptocurrency exchange, wants to play a role in this change by fostering financial interaction with the aim of community-driven growth.
Investor interest in decentralized finance (DeFi) and non-custodial finance began to grow after the collapse of FTX, previously the third-largest cryptocurrency exchange. Supporting this trend, the report highlights that 40% of crypto trading platforms have started using decentralized technology, with individual demand higher than institutional investors.
Despite the growing popularity of non-custodial alternatives, moving to Web3 and DeFi comes with a learning curve as non-custodial platforms lack easy-to-use investment tools. To address adoption challenges, some initiatives seek to position non-custodial platforms as attractive alternatives to traditional finance by improving access and ease of use.
Easily manage your crypto investments
Dyor, a decentralized investment platform, offers a simple, transparent, non-custodial alternative to investors who have turned to DeFi from the clutter of traditional crypto exchanges. Dyor aims to be an accessible hub for online investing, open to experienced investors and newcomers to the crypto space.
Available for both iOS and Android, Dyor integrates features designed to improve users' investment experience, including wallet exchange, bridging, asset management, and tracking.
Dyor's decentralized investing app supports over 30 fiat currencies.Source: Dior
Dyor provides access to multiple chains including Ethereum, BNB Smart Chain, and other Ethereum virtual machine compatible infrastructure in a single wallet. The platform offers lower fees than its on-chain and centralized exchange competitors, with 30% of platform fees returned to users who stake their native token DYOR.
In the DeFi ecosystem, community engagement is not only beneficial, but fundamental. Dyor takes a community-centric approach, allowing users to create profiles to share their trades, token purchases, market opinions, and crypto-related insights through the “All Things Crypto” feed. In addition to user-generated content, the feed aggregates news from 129 sources to provide a market perspective.
Dyor is considering integration with platforms such as X (formerly Twitter), Discord, and other social media channels to further enhance its news aggregation capabilities.
Follow trading and social investing
Dyor is a social investment platform where community engagement meets capital. Through the Dyor app, investors have the opportunity to connect and leverage each other's experience to achieve better deals. Users have access to a follow trading feature that allows them to mimic the behavior of experienced investors, as well as a social investing model where investments are made in line with specific goals.
With minimal steps, users can discover new tokens and benefit from Dyor's live price alerts, access to market news, and ease of integration. The app sends notifications about market movements and allows users to manage assets, send tokens, and calculate portfolio profit and loss (P&L).
Users can follow and learn from other investors.Source: Dior
Through the platform's native tokens, users can unlock premium features, advanced analytics, and discounted exchange fees. By engaging with other participants, participating in events, participating in contests, and completing milestones, users are rewarded with the platform's native tokens. Users can also receive token rebates from the trading volume generated by users they deploy to the platform.
Democratization of decentralized cryptocurrency exchanges
Markuss Jonans, CEO of Dyor, emphasized that they value simplicity and social interaction. He emphasized that exploration is a priority, adding:
“We aim to be the app that allows users to navigate the complex landscape of allocating capital on-chain, identifying which tokens to acquire, and identifying the most compelling and salient stories. .”
Jonans emphasized that he originally estimated the number of users to be less than 100,000, and said the website's waiting list already has more than 450,000 registrations. The unexpected interest points to the potential of non-custodial alternatives to traditional financial solutions.
Reflecting the advancements and community-driven approach of platforms like Dyor, it is clear that user-friendly, secure and inclusive financial platforms will continue to shape the future of investing. As these platforms become more accessible and their benefits more widely recognized, the paradigm of investing and financial services will be redefined on a global scale.
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