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Telefy is a platform that assigns a trustless Tele score (credit score) to every crypto wallet. It determines the creditworthiness of a crypto user based on their token holdings and previous transactions. Users can pay interest rates according to their Tele score. Telefy offers several features:
1. Tele Swap: A multi-chain protocol that allows users to swap coins seamlessly and move between chains freely.
2. Tele Lend: An automated lending protocol available on Ethereum, Matic, Binance, Polka Dot, Cardano, and other platforms. Users can borrow or lend tokens using their Tele score.
3. Tele NFT: A multi-chain NFT marketplace where users can list, sell, and buy profitable non-fungible tokens. TELE token stakers benefit from this marketplace.
4. Tele Score: A multi-chain programmable protocol that assesses a user's creditworthiness based on their crypto holdings, transaction history, and other factors. Users with a high Tele score can borrow at appropriate interest rates.
5. Tele Pad: A launchpad for Initial DEX Offerings (IDO) that allows TELE coin holders to participate. The Tele Pad assesses IDO projects and determines if they will go live.
Telefy charges a 10% protocol fee, and TELE coin holders earn a share of that fee.
Information
What is the description of the coin?
TeleFy provides a trustless Tele-Score, which is a credit score for every wallet. The Tele-Score services on the Telefy platform determine the creditworthiness of each wallet and offer suitable interest rates for users utilizing the lending pool. The Tele-Score is influenced by the wallet holdings and user transactions, allowing users to pay the most appropriate interest for their chosen lending options.
Tele-Score will be an open-source microservice that can be utilized by exchanges or users interested in this service. It has the potential to transform existing DeFi solutions by categorizing users based on their joining date and other credentials.
$TELE is the Ethereum-based governance token for TeleFy.
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