Topic: [ANN] DSF - The SoFi Blockchain - Redefine Social Network with Blockchain - page 26. (Read 4178 times)

Hello. Today we will talk about DSFT and the new era of decentralized finance.

📌 Today it is difficult to imagine financial institutions and services not related to social relations because they are interconnected. Social Finance (SoFi) has become a new step in the development of financial technology. Examples are fundraising such as ICO / IEO, P2P and B2B lending and loans, and more.

📌 A combination of social finance and blockchain digital currency like DSFT is taking decentralized finance into the next era of development.

❓ What features does it have?

✔️ The implementation of complex and innovative financial products, in particular financial services based on social relations and communities, such as mutual insurance, mutual lending, such as P2P loans. Digital currencies will be used to overcome existing contradictions such as problems with loans, problems of globalization, and problems of cost of services.

✔️ Decentralized financial social network products that use smart contracts do not require a centralized structure to participate in core service business settlement. Therefore, when the number of users increases, the service cost will not increase, which makes decentralized financial social network products scale easier and ensures better product quality.

✔️ When blockchain users have their own social relationship network and continue to benefit from it, users will cherish their identity in the blockchain and the corresponding social relationship network, actively participate in decentralized financial products and are reluctant to leave. This makes users more active and loyal.

✔️ Another important feature is the innovative financial product marketing. Based on the blockchain social network, any financial product can quickly penetrate marketing among users through reward distribution.

Read more about the DSFT solutions and features here: https://dsft.io

Hello. 👋🏻 In this post, we will tell you about the usage of the DSF token.

🔗 DSF Token is a functional token. The main task of the token is to ensure the smooth operation of the DSF blockchain, and also to allow decentralized financial smart contracts in social networks to self-operate and work.

📊 The DSF token is divided into four categories:
🔹 payment and handling fees;
🔹 nodes and staking;
🔹 verification mining rewards;
🔹 contracts.

⚙️ Payment and processing fees: DSF Token can be used to pay various processing fees on the platform, including transfers, transactions, financial management, and commissions. At the same time, the DSF Token is also the basic right-hand side of the DSF blockchain, which can be used to receive various services and goods.

⚙️ Nodes and staking: The DSF token can be used to apply for nodes. At the same time, users can also put a DSF token for mining.

⚙️ Validation awards: There are more than two types of system awards in the DSF blockchain, including the development of autonomous nodes to expand social connections and the promotion of decentralized financial services of social networks.

They will be rewarded at DSF Token. Contract consumption. When fulfilling all financial intellectual contracts for a DSF decentralized social network, the DSF token will be used, which is associated with the settings of financial service providers for the DSF decentralized social network.

⚙️ Contracts: The execution of all DSF decentralized social network financial smart contracts will require DSF Tokens, which is related to the settings of DSF decentralized social network financial service providers.

Read more about the usage of the DSF token here: https://dsft.io

Greetings. 👋🏻

📌 Currently, a new means of payment - electronic money - is gaining popularity. Their property is the possibility of existence in both centralized and decentralized systems. The use of decentralized technologies and cryptocurrency systems eliminates the disadvantages of centralized systems related to information security issues.

📌 The decentralized organization of electronic payment systems (EPS) does not provide a single interface, and all servers included in such a network are equitable. In the process of a decentralized network, client devices (computers) also take part as servers. As a rule, several computing servers are engaged in processing one transaction in such EPSs, simultaneously performing an operation, confirming or rejecting it.

📌 All current decentralized finances use blockchain technology to transform financial services in the fields of automation, asset confirmation, high-speed bookkeeping, non-tampering, and global versatility.

🔹 The advantages of decentralized cryptosystems include:
• explicit independence from attacks or malfunctions of individual servers with the territorial distribution of the network;
• transparency of all financial transactions;
• availability of the source code of the software for modifying the system by its users;
• a high level of cryptographic strength sufficient to securely store personal data and financial information;
• instantaneous reflection on the electronic wallets of the sender and recipient of the transfer amount, while for the confirmation of the transaction it takes some time, after which the recipient will be able to manage the amount.

🔻 The weaknesses of decentralized cryptosystems are:
• the impossibility of resolving controversial issues and claims due to the lack of an official representative of the cryptosystem;
• lack of guaranteed collateral for the accounting unit in EPS;
• high volatility of the cryptosystem accounting unit;
• inability to influence account status;
• inability to restore the wallet's private key;
• low speed of transaction confirmation;

❗️ If decentralized social finance is seen as the 2.0 era, then the positioning of the DSF network protocol is a new paradigm revolution and innovation.

Read how DSF solves decentralized payment systems problems here: https://dsft.io

Greetings. 👋🏻 Today we will tell you about the profitability of the DSF system.

🔗 In DSF, all decentralized financial services will rely on social relationships for design, sales, and rewards. The Ethereum blockchain-based DSF system encourages users to develop social relationships with the rewards they receive for transactions made by their friends.

💰 Thanks to our messenger, users will be able to buy goods from each other within the network, as well as be able to become traders themselves, putting their goods and services for sale.

💰 A significant advantage of the DSF ecosystem is the availability of rewards. You receive rewards for the purchases of your friends and relatives whom you invited to the network. When your subordinate nodes (virtual friends, associates, partners, etc.) purchase products, you receive a digital asset reward commission. This is a reward system that lasts forever.

❗️ The more relationships and subordinate nodes you have, the more digital assets you get. There is a direct connection between these two concepts.

💰 30% of the 100 DSF Tokens are reserved for the node users themselves, and the remaining 70% will be distributed to the node users in the multi-layered social relationship graph of the node users in decreasing proportion.

💰 Once becoming a node, users can develop their own social relationship, in order to participate and use the decentralized financial services of the DSF blockchain, and receive commissions and system mining rewards based on social networks.

💰 In addition to the development of social network mining rewards, the DSF blockchain will specify reward policies for key social network product indicators:
🔸 Sign-in: Each node user can obtain the sign-in mining reward DSF Token given by the DSF blockchain as long as they sign in for 3 consecutive days.
🔸 Build a group: Node users build a group chat and they could get the DSF Token for the group chat mining reward every day
🔸 Social Relationship Contest: The DSF blockchain will hold a social relationship expansion contest every week, which will reward users with the highest number of social development and users on the user's social relationship graph.

💰 After the DSF blockchain is launched, it will also provide the staking mining function to node users.

📢 Read more about the DSF project here: https://dsft.io

Hello. 👋🏻 Today we will tell you why DSF refused to use the KYC procedure.

📌 The essence of the KYC “familiarization” procedure is to reduce the risks of unlawful actions on the part of a potential or existing client through the collection of a number of data. The emphasis is on the control capabilities that open up to the organization through the receipt of personal information about the user's identity.

📌 However, in the realities of our time, when information can be protected by technology, a similar approach to obtaining information about users takes a different form.

📌 Elimination of control by intermediaries, transparency of pricing and a powerful evidence base made it possible to create an alternative not only to the world of fiat, but also to the very approach to working with information. The lack of the very possibility of falsifying data on the blockchain implies the principle of trust without disclosing private information, however, due to a number of features of controlling the financial environment, this approach cannot fully work, and here's why:

🔻 Anonymity creates obstacles to the possibility of control over the circulation of funds by government bodies. It turns out that there is no information both about the sender of funds and about its recipient. At the exit, excellent conditions are formed for financing terrorism and mass money laundering.

🔻 Limitations of control related to anonymity cross out the possibility of organizing the protection of citizens by the government. Such allowances constitute a direct threat because they are contrary to the constitution.

💡 It turns out that anonymity and fundraising cannot go hand in hand, due to high risks. However, simultaneously with this feature, there is a direct violation of Satoshi’s covenants, due to which the digital asset industry is rolling back in its technical characteristics to the Fiat-controlled world.

❗️ That’s why DSF refused to use the KYC procedure. We value our community’s anonymity. DSF platform is totally decentralized and it uses auto VPN features for better users’ anonymity.

Read more about DSF solutions here: https://dsft.io

Greetings. 👋🏻 In this post we will tell you about the DSF token features.

Today, there are a huge number of cryptocurrencies and tokens. All of them differ in their purpose, functions and capabilities. Consider the distinguishing features of the DSF token.

📌 DSF Token is an ERC 20 token based on the Ethereum blockchain. The token provides a simple, automatic, and economic way based on the blockchain, rewarding users to develop social relationships, and rewarding users according to the social graph when blockchain financial services occur.

📌 The advantage of ERC-20 tokens is that they are very easy to connect to exchanges, wallets, exchangers and other automated systems. There is no need to understand and explain to the exchange script how to transfer tokens from one account to another for each new token. To do this, it is enough to explain once, and then the same methods will be used.

📌 DSF Tokens of ERC-20 standard have the following opportunities, they can:
- Report the total number of coins issued;
- Report the number of tokens at the user address;
- Send the amount from address to address;
- Transfer the right to dispose of tokens to another user;
- Report how many coins _owner allowed the user to transfer _spender from his account;
- Include in your smart contract the variables name (full name of the token), symbol (short name of the token) and decimals (number of decimal places);
- Trigger two events: Transfer (for any movement of tokens) and Approval (when transferring the transfer right of another's tokens).

📌 The existence of the DSF Token economic system allows the entire DSF blockchain to develop in a self-circulating and self-expanding manner, which is representative of the value of the entire system. The initial supply of DSF tokens is 10 billion.

📌 DSF Token is a functional Token and is used as a means of payment and reward. DSF Token is divided into four categories, including payment and handling fees, node and staking consumption, verification mining rewards, and contract consumption.

📢 Read more about the DSF project here: https://dsft.io

👋🏻 Hello. In this post, we will tell you how we will protect the confidential information of users in the DSF social network and payment system.

❗️ Security is the most important part not only in social networks but also in the payment systems. Due to a large number of leaks on social networks, there’s a big doubt in users’ safety. All users care about is the confidentiality of their information and no one wants to use a social network, which is also a payment system, if their data can leak, or be stolen.

❓ How does DSF solve the security problem

🔹 Blockchain technology provides a very high level of security. Of course, some financial data will be used outside the DSF blockchain. But we are developing an interface that will allow entering data using the DSF smart contracts safely, and for more successful completion of operations, contacting the data of social relations in DSF.

🔹 The node will be able to process information from already reliable APIs into a format that can only be read using smart-contracts and can also be connected to any other API, whether it’s the Internet of things, or another blockchain.

🔹 In addition, DSF uses technology that will be securely transferred to smart contracts to confirm or cancel a transaction. This protects confidential information because all actions will take place in a trusted DSF environment, which guarantees the security of users.

✅  Thus, DSF will be able to ensure data confidentiality, transaction security, and protect users from data leaks using blockchain technology and its own distributed oracle.

📢 Read more about the DSF here: https://dsft.io/

Hello, community! 👋🏻

Great news! DSF was announced this round winner at Cryptodiffer! 🎉

Cryptodiffer did a comparing to all CEX's DeFi performance and now DSF is in the top 🏆
Now let's see if DSF can beat Binance and Poloniex in the competition 🔥

Link: https://twitter.com/CryptoDiffer/status/1278606595220537345?s=20

Stay tuned for more updates! 🔔

Hello. 👋🏻 In this post, we will talk about what the virtual economy will look like in the decentralized Dechat social network.

🔹 Modern social relations are impossible without economic relations. Most of the businesses of any scale are gradually switching to e-commerce and trying to develop through social networks such as Facebook, Instagram, and others. Their downside is that they allow you to place goods, but do not allow trading within their network.

✅ DSF offers an alternative

🔹 The DSF token is based on the Ethereum blockchain. It is a simple, automatic, and economical way to encourage users to develop social relationships, thanks to the rewards they receive for the transactions their friends make. The existence of the DSF Token economic system allows the entire DSF blockchain to develop in a self-circulating and self-expanding manner, which is representative of the value of the entire system.

🔹 Initially, there will be 10 billion DSF tokens.

🔹 DSF Token is divided into four categories: payment and handling fees, node and staking lock amount requirement, verification of mining rewards, and contract consumption.

🔹 What are their functions? First of all, to ensure the operation of the DSF blockchain, as well as self-management of smart contracts within the social network. In addition, the DSF token is the main currency of the platform. It will be the core of all transactions. With DSF Token, you can pay for all goods and services in the first Dechat decentralized social network. Token owners can also participate in staking.

📢 Read more about the DSF Virtual Economic System here: https://dsft.io

Hello. 👋🏻 Today we will tell you about the distributed Oracle technology in DSF.

📌 When data is written to the blockchain, this data is transparent and cannot be changed, including social relations in the DSF blockchain. And although they can be read and executed using various types of decentralized social financial smart contracts of the DSF blockchain, some financial products of the blockchain use data outside the DSF blockchain. This is where modern distributed oracle technologies are applied.

📌 Smart contracts DSF cannot receive data and resources outside the blockchain, that's what distributed oracle technology is used for. Oracles are used to implement the transfer of information at the protocol level and at the application level both within the chain and off-chain.

📌 For a more reliable calculation of financial products, distributed oracles use the appropriate DSF blockchain interface to safely and efficiently enter data into a smart contract and communicate with data from social relations of DSF.

📌 An Oracle node can pack information and data from a trusted API into a format that can be read using smart contracts, and can be connected to any API, be it a blockchain, enterprise financial system, or Internet of things device.

📌 If the task is not supported by the primary node, you can easily install an external adapter to extend the functionality of the node. The DSF flowchart perfectly implements data transfer between different systems and arbitrarily adjusts the degree of decentralization and the level of security in accordance with the actual requirements of the application. In the following specific application scenarios:

✅ Thus, the application of distributed oracle technology plays an important role in the DSF system. When the DSF blockchain does not interact with other blockchain protocols, but needs to connect to external APIs, it can use Oracle technology to run data off-chain to execute smart contracts and launch payment systems off-chain and cloud computing platforms.

Read more about the use of distributed oracle technology in DSF: https://dsft.io

Hello. 👋🏻 In this post, the DSF team will tell you about what smart contracts are and how they will be applied on our platform.

📌 Smart contracts allow you to exchange money, goods, real estate, securities, and other assets safely. The contract is stored and repeated in a decentralized ledger, where information cannot be falsified or deleted. At the same time, data encryption ensures the anonymity of the parties of the agreement.

📌 An important feature of smart contracts is that they can only work with assets located in their digital ecosystem. Connecting the virtual and real world is currently one of the main difficulties in working with smart contracts. That’s why there are "oracles", special programs that help computer protocols to obtain the necessary information from the real world.

📌 In DSF, smart contracts will integrate a decentralized social network with a decentralized financial platform. Smart contracts guarantee safety and transparency for customers and service providers in financial transactions through a social network. A guarantee of reliability is the most important part of a decentralized financial system, which is built on social relations.

📌 Current distributed oracle technologies can solve the problem such as some blockchain financial products use data outside the DSF blockchain. The DSF blockchain will also develop a corresponding interface to allow the oracle machine to safely and efficiently introduce data into the DSF smart contract and connect with the DSF social relationship data to complete the calculation of blockchain financial products more reliably.

📌 Thanks to the smart contracts, the Dechat social network will receive complete decentralization. In order to use smart contracts it is not required to have a centralized structure for settlements on services. This will allow us not to increase the price of transactions, because smart contracts do everything automatically while improving the user experience, thanks to the ability to quickly scale large products.

Read more about the application of smart contracts in DSF here: https://dsft.io

All the "positive" comments are from Newbie accounts. OP is not replying to any questions. SEEMS VERY FISHY. I'd stay away.

Hi. 👋🏻 The social network Dechat is an integral part of the DSF project. The entire project will be fully built on the social network. For us, the most important thing is social interaction, which is impossible if there are few users.

Facebook currently has more than 2 billion users. The goal of the DSF team is 3 billion social network users. It seems impossible to many, but our team has a plan on how to achieve this goal in three stages. Stages do not intersect with each other and pass independently.

🔹 After the launch of the social network, Dechat 1.0 will be launched. We will use the node providing airdrop to let approximately 12 million users in the world use Dechat. In addition, it will collaborate with many social networks. The goal of the first stage is to reach 20 million users.

🔹 Benefit from the node social relationship design of the DSF decentralized social network is that each node can develop 3 levels of subordinate social relationships, where each level can have no more than 12 users. The DSF blockchain will reserve DSF Tokens as much as possible to reward the 12 million initial users in the first stage to develop their own subordinate social relationships. At this stage, the goal is to have more than 200 million users.

🔹 Decentralized social network financial products will not only be built on the scale of the DSF decentralized social network in the second stage but also develop according to its own mechanism. Our experts conducted in-depth research on the financial market and predicted that there will be at least 11 financial fields of decentralized social network financial products with hundreds of millions of users. At this stage, the goal is to exceed 1.5 billion users.

📈Thus, the social community will further develop by inertia, and people will join it because their friends are there, those who offer excellent goods and services. All participants have the opportunity to earn money only if they are useful to others.

Read more about the DSF user volume development here: https://dsft.io

I don't like the permissions that the app gets after installation,  do you? )
https://www.hybrid-analysis.com/sample/263eeb10202871d0567073eeb9c6ea3b111260f22021f7ed069cd52c1a22054f/5ee9a8fa5dd58b19c44c4972

Greetings! 👋🏻

We’ve got some exciting news! 🔥
📌 On July 1, DSF coin we will be listed on AOFEX exchange! AOFEX is a big and reliable exchange with 61 crypto pairs!

The vote for DSF listing will be held by ZB:
https://www.zb.com/help/notices/proclamation/1004

DSF — the social layer of ETH 2.0 next generation DeFi ecosystem 📈

Thanks for your support. Stay tuned not to miss any important announcements!

Hello, community. 👋🏻  Today we will tell you about the DSF reward system.

In the DSF blockchain, all decentralized financial services will rely on social relationships for design, sales and rewards. Rewards play a particularly important role in the DSF ecosystem.

✔️ Sales and discounts on goods will be based on the social relationships of the DSF blockchain user. When a user's friends or especially subordinate nodes purchase products, the user will receive a digital asset reward commission, which has no expiration date. Accordingly, the more the social relations this user has, the bigger the rewards are.

✔️ So, in DSF there are rewards for expanding interpersonal relationships, which contributes to closer cooperation and increased trust between users.

✔️ Also, the user can become a node, getting the opportunity to develop their own social relations in order to use the decentralized financial services of the DSF blockchain, as well as receive commissions and rewards for mining systems based on social networks.

❗️ In addition to the rewards mentioned above, the DSF blockchain will determine rewards policies for key indicators of social networking products:

🔹 Sign-in reward. Each site user can receive rewards for sign-in mining, provided that they perform sign-in for 3 consecutive days. The rewarded Token will be distributed to the user's upper 9-layer relationship node users.

🔹 The group chat mining reward. Node users can build a group chat and receive everyday reward. The more people there are in the group, the more mining rewards will be given by the system both to the group owner and the participants.

🔹 Social Relationship Contest reward. As a result of social relationship expansion contest, users with the highest number of social relationships will receive rewards.

🔹 Validation rewards. There are more than two types of system awards in the DSF blockchain, including the development of autonomous nodes to expand social connections and the promotion of decentralized financial services of social networks. They will be rewarded at DSF Token.

❗️ The reward system might change in future according to the operating strategy of the team.

📢 To know more about the DSF reward system, visit https://dsft.io

Hey. 👋🏻 In this post, we will tell you about the benefits of e-commerce on the DSF platform.

📌 As you already know, DSF will have its own decentralized social network, which will be implemented using the experience of specialists from BAT Messenger, which we’ve told you about previously.

❗️ Before DSF, no one had ever built an e-commerce platform based on social relationships. In DSF, all decentralized financial services will rely on social relationships for design, sales and rewards. Users will not only be able to send goods to each other thanks to our messenger but also be able to become traders themselves, placing their goods and services.

💡 A decentralized social DSF e-commerce will look like this: the sales and rebates of goods will be based on the social connections of the DSF user blockchain. When friends of this user or subordinate nodes buy something, this particular user will receive a digital asset reward commission that will last forever.

✅  When your friends buy products or services at your recommendation, you get tokens for it. Therefore, in this system, it is beneficial for each of its participants to provide quality services and distribute goods or services to their friends.

❗️ Thus, the more relationships you have the more digital asset rewards you get. There is a direct relationship between these two concepts.

✅  But we do not plan to stop on trade only. In addition to it, it is planned to add medical services, takeaway, reservations, medical services, and more. For example, you have a doctor who helped you with a problem that your friends have as well. You send the contacts of this doctor using DSF messenger, and your friends will thank you.

✅ Thanks to a system of smart contracts, recommendations for friends, for which you will receive tokens in case they buy a product or service, as well as a decentralized system in one messenger, DSF will forever change the world of e-commerce for the better.

📢 Read more about the benefits of DSF e-commerce here: https://dsft.io

Greetings. 👋🏻 Today we will tell you about the features of DSF wallet.

DSF digital currency wallet contains a variety of blockchain financial services. They include asset management, wealth management and lending, e-commerce shopping, and other innovative services.

DSF wallet has a special page in the user's social network application. This page displays the services and communities available to the user, as well as functions such as chat, invitation, video, etc. that can be used in various social environments.

📌 DSF Wallet Functions

⚙️ DSF digital currency wallet has the following functions:  

🔹 Support deposits, withdrawals, collections, payments, red envelopes, and other basic digital asset management;
🔹 Finance and lending based on decentralized social relationships;
🔹 E-commerce shopping and merchant distribution based on decentralized social relationships;
🔹 Other types of financial services based on decentralized social relationships.

⚙️ Unlike traditional digital asset management wallets, DSF wallets can be more integrated with social networks, and its main functions will include:

🔹 Deposit: Users can deposit digital currency into DSF wallet
🔹 Withdraw: Users can withdraw digital currency from DSF wallet;
🔹 Transfer: Users can transfer digital currency to other addresses, or users transfer digital currency to other users of the social network;
🔹 Distribute commission: Users can initiate tasks in the social network to distribute commissions to other users participating in the tasks and other users' social graphs;
🔹 Pay for another person: Users can send a request to purchase financial services in their wallets to their social network members to let them pay;
🔹 Red envelopes: Users can send red envelopes with digital currency to each other in chat.

Read more about DSF digital currency wallet and its features here: https://dsft.io

Greetings, community. 👋🏻 Today we will tell you about the new DSF decentralized social network and its advantages.

🔹 DSF blockchain is a decentralized social financial network based on blockchain identity. In essence, this means that data on social connections of users of social platforms is loaded into a chain, and a decentralized financial DSF wallet is associated with smart contracts. In this way, the restructured world of the blockchain-based on real social relations is realized.

🔹 The DSF project will consist of two parts: a decentralized social network, designed primarily to confirm the social relations between user addresses, and a decentralized financial platform containing a variety of financial instruments based on the blockchain.

🔹 These two parts of the DSF will be seamlessly connected through smart contracts, thereby creating a financial chain of blocks of a decentralized social network that can be practically applied and has great potential.

🔹 The DSF blockchain develops different types of smart contracts at multiple core links, including confirmation of social relationships, system mining rewards, based on social relationships, and the use of social relationships by blockchain financial products.

🔹 In the new decentralized social network DSF, the core technologies and models of the three core blockchains have been added.

✔️ Firstly, the true right to the digital currency, which allows users to have very strong personal assets in a social network, and these assets generate actual use-value through various financial services.

✔️ Secondly, social relations are in a chain. It is not the 1.0 era relationship between the IDs in the social network but the social relationship between the addresses associated with the ID. This social relationship data will be in the chain.

✔️ Thirdly, social relations are a smart contract. This smart contract will connect data on social connections in a chain to provide an interface for the next generation of blockchain financial products.

Read more about the DSF project here: https://dsft.io

Hey. 👋🏻 I hope many of you have heard of BAT Messenger. In this post, we will tell you about how we with his help we will be able to better implement DSF.

💡 If somehow you do not know what BAT Messenger is, it is a messenger based on P2P encryption that guarantees you the confidentiality of personal data.

❓ What role does BAT Messenger play in DSF?

✔️ The DSF platform will consist of two parts: a decentralized social network and a decentralized financial platform. At first glance, this seems incompatible, but smart-contracts come to our aid.

✔️ Thanks to the experience that the specialists from the BAT team have, we can implement the fully decentralized Dechat system. The BAT team has experience working with giants such as Google, Facebook, Twitter, and others.

✔️ With their help, we will be able to develop a messenger that will receive full decentralization. In addition, BAT Messenger users will be able to use their login to enter the DSF social network.

✔️ In our blockchain, all decentralized financial services will be based on social relations. In addition, the more socially active you are, the greater the bonus you will receive from transactions, receiving them forever.

❗️ However, we will not move away from the usual social networks. In addition to complete security and confidentiality, you will also be able to meet new people from around the world, whose interests you coincide with and send them interesting products.

📢 Read more about the DSF solutions here: https://dsft.io