Topic: Telefy - Worlds first credit score oriented DeFi solution[PRE-SALE with 50% Off] (Read 582 times)

Pre sale Level 3 is going to end to 2 days.

Staking and Yield farm development is in progress, TELE Swap DEX will be launched shortly

Are proceeds from the presale gonna hit the international help fund which finances the defense budget of ukraine? All money shall go to ukraine anyway. Dont try to bypass the rules. People who come here, given that they hold ukrainian citizenship, upon verification, should be able to receive monetary aid from ur venture.

Pre sale level 2 is still going on in TELE Pad, Coinsbit, Azbit hook up before it’s gone

What are you wining? Just stay away from discussion if u don’t want to.

Do not bump this champagne socialist thread. Helping the enemy to net some popularity in his iniquitous net, u just get him closer to the day Z when he plans to fulfill his agenda. The useless coins come aplenty, poised to clog and to waterlog the holes still allowing the sunlight in. With more of this we will drown in darkness of disillusion and bad planning these coins bring.

HUGE ANNOUNCEMENTS ON THE WAY FOR 2 BIG EXCHANGES IEO, LISTING AND AMA SESSION. DONT MISS THE OPPORTUNITY TO GRAB THE  PRE SALES MUCH CHEAPER IN TELE PAD here

Cool idea. I'll follow it in the future. I imagine things will be like this some day

PRE SALE Started for Level ONE WITH 50% Discount and 30% Bonus

TELE can be used on so many different cases since its governance token and listed some of them below:
 Voting Power for Telefy Governance
 TELE can be earned for staking TEL LP tokens
 TELE can be earned for staking TEL Lending tokens
 One can increase their TELE credit score by holding/staking TELE coins
 Users can participate in TELE PAD IDO’s by staking TELE coins
Thanks guys for the feedback.

I guess some people asked abut the team details etc, Team details is added https://telefy.finance/#/about Git book added with complete code base activities everyone can take a look. Join telegram for more details on pre sale https://t.me/telefydefi

I think, TeleFy Finance is the new generation project. it has the optimal combination of innovative technologies. it is able to bring the highest level in the shortest possible time. Amazing platform, which shows and have a great potential. I think it is going to long run. I love this platform because it is easy for even beginners and both professionals to invest and make good profits.

This is the best undertaking I have at any point seen and having incredible involvement in the most more grounded project and its group is buckling down on this project with the goal that this task will give us an excellent benefit in future.

I just bumped your announcement thread yesterday, could you please please be more specific as so how someone could use a new case and deploy it using the tokens. Could you give us an example.

This project Members has created the very first digital token that will equal tangible value in support of a newly launched industry of Auto Construction. I'm impressed with the way the team is carrying the project to its success.  I hope for the success of the team and the community supporting this project and I hope that it will last a long time.

thank you!
good project!
I will enjoy this project!
thank you!
thank you!
thank you!

Pre sale with 50% discount starts from March 5th and 30% discount for early participants. Few days away, grab your slots by joining telegram group

https://t.me/telefydefi

1. How many transactions in wallet?
Transactions will initially determine credit worthiness of the users that doesn't mean users will get excellent Tele score if they use the wallet for trading bot, we will have a mechanism to handle this, if the wallet transactions triggered by bot their Tele score will get negatively impacted!
2. What’s the wallet balance?
It's similar to traditional fiat balance in bank, say if user has 100K worth of balance in wallet where as he uses 60K as collateral for loan in that case his 40K will stand positive and user Tele score will get determined accordingly, similarly if user clears the loan and wallet balance back to 100K then Tele score will get impacted positively.
3. Time holding coins
Hodlers gets extra Tele score obviously!
4. Telefy protocol usage (Extra score!)
User can participate in DEX or Lending or Launch Pad or NFT market place or Staking TELE etc., to get extra Tele score for using Telefy protocol.
5. NFT transactions
Coming to NFT question, its not mandatory that user has to participate in NFT transaction, its just one parameter. Say if user just participates only in NFT and makes transactions we obviously don't want to call them as new user with less or default Tele score. So considering this we dont want NFT user looses an opportunity to get better APY unlike new user.

NFT user=nu
NFT Transaction in wallet=ntw
wallet balance=wb
if wb==ntw then give x% impact on Tele score which is greater then new user Tele score

6. Amount owned and repaid
Borrower takes a loan by providing collateral and without liquidating the collateral if user/borrower repays the loan with interest will give an excellent Tele score!
7. Credit History Length
Length of user credit history which will determine the x% of credit worthiness
8. Any Collateralized Liquidation History
Collateralized Liquidation History will negatively impact the Tele score. If more more then 1 Liquidation history will result in default Tele score which in turn results in higher APY.
9.Cross Chain wallet transaction validation
Similar to NFT its not mandatory to have user doing any cross chain wallet transactions, Telefy is multi chain protocol if user uses different chains like ETH, SOL, BSC and transfer an asset from one to another will positively impact their Tele score. Same cannot be used for trading bot which will result in negative Tele score.

In spite of my agreement and understanding that point 6 to 8 could help determining the rating of a borrower, I have to agree with jc12345 that the rest of the points are rather useless. Point number 1, for instance, if numbers of transaction in one wallet is put into factors, then a holders who preferred one or two coins and store huge amout of these coins in one wallet once every a while would have a lower credit score than an airdrop hunter's wallet who get tons of transaction in microdose.

One other thing that's also should be addressed is point number 5. How does NFT transaction matters? There are a lot of crypto holders who doesn't give a thing or two about NFT. Never buy them or even browsing through opensea --well, I am one of them-- this doesn't automatically made the user has a higher possibility of default than those who spent their funds on NFT.

I would really love to hear you explaining how you decide and considers all 9 of the points raised by jc12345 as a determining factor

Tele score is determined based on different parameters that includes any collateralized history, length of credit history etc., Tele score will basically determine the APY instead of just Lending pool utilization, the better Tele score u have u will get less APY vice versa. Tele Lend will still take collateral and collateral manger will get executed if the borrower liquidates > X% which was mentioned in the light paper. Hope this clears your question. Yeah we are working on the contracts getting audited, will provide you the report when its done.Collateral is of-course required to safeguard the Lenders but APY will be determined based on the TELE score. APY is going to dynamic and will be different for every user based on their TELE score
Yes you are right!