Bitlocus “Fiat-DeFi Investments Management Platform” is a complete investing ecosystem that allows end users to invest their fiat assets into DeFi space easily without actually directly interacting with crypto. The platform to be built on existing centralized exchange Bitlocus CEX, established in 2018, which is fully AML and KYC-compliant and has a few fiat deposit/withdrawal options.
it describes an interaction for the typical investor where it can be seen that no direct interaction with DeFi is required from the client. Client can deposit fiat assets to BitLocus CEX account with several option and be a part of Fiat-DeFi Gateway between platform and DeFi tools available such as Lending, Staking, Yield Farming, Derivatives, Oracles and Insurance by choosing investment option.
The DeFi investment proposals will be categorized in risk-based options with some main information: estimated APY, risk level, protocol list and investment’s distribution ratio among DeFi protocols. Some of the investment options will have an insurance fund or 3rd party insurance service either built into the proposal or as an additional option.
Bitlocus will build a market incentivised model where the new crypto asset – BTL utility token – will play a crucial role in the system. It will be barely noticeable for fiat-based investors and in the spotlight for BTL token holders.
BTL token utilities include:
- Payments. There will be a discount for platforms service fees paid in BTL.
- Access. Some certain features and services will be solely related to holding a certain amount of BTL.
- Rewards. Various incentives for BTL token holders on and off the platform.
- Speculation. The growth in Bitlocus services usage will result in the increasing demand for BTL token, hence the increasing token value. Also, a certain amount of fees collected will be used to buy BTL tokens at market price and then burned thus making it deflationary and also effecting the value of the remaining ones.