Introducing Tronyfi: Future of tron based Defi

TRONYFI
6 min readNov 18, 2020

What Is TRONYFI? How To Build a Solid Passive Income System Using TRONYFI On TRON in a short period of Time?

Multiply your TRX investment by Unique Distributed Token System with TRONYFI. No more high ETH gas fees or failed transactions

Before we jump to TRONYFI, first let’s understand what is blockchain and what’s the hype about Blockchain and financial systems.

As defined by EuoMoney, Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. The decentralized database managed by multiple participants is known as Distributed Ledger Technology (DLT).

Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash. See below image:

It was first brought up on us by someone called Satoshi Nakamoto using a combination of cryptography and peer networking. The first and the most famous use case is Bitcoin which everyone knows today. BTC’s popularity grew overtime so the technology behind it also became popular and that led to other use cases and platforms like Ethereum, XRP etc.

This growth affected every several industries, but technology and finance sectors were the most influenced by it. We saw a huge growth in individuals participating in cryptocurrency market and driving its market capital to a whopping $700B in 2017–18. The reason for that was simple — it’s trustless, borderless, no need for any bank to approve a transaction, speed of transaction and so on. The best part is that it’s almost impossible to hack.

But Cryptocurrency as an industry is still in its infancy and that’s where we can make it BIG and TRONYFI is bringing you that opportunity — start small and make BIG!

What is TRONYFI?

In a nutshell, TRONYFI is the first ever TRON based DeFi selling token through Bonding curve model. All token value is 100% backed by TRX reserve in smart contract through Automated Market Maker (AMM). TYFI is its token symbol.

Now, there are lots of jargons and we will address them one by one, so don’t worry!

TRON-based: Yes, we developed in TRON for simple reason, our community doesn’t need to pay high gas fees which can be as high as $60 for a simple transaction on Ethereum network. On TRON, for every transaction, buy or sell, you pay less than a cent! Yes, you heard it right. It’s that cheap. That means you pay less for more transactions! So, more savings!

Bonding curve model: Now, you would be thinking what the heck is Bonding curve? Isn’t the below image explaining it well?

Simply put, a bonding curve is a simple mathematical formula calculating price of a token based on its supply. In general, more supply means lower prices but that’s to the Bonding curve model, it’s the opposite. More tokens mean higher price and we all love to see price going up as the token supply increases. So, buy more to earn more 😊

100% backed by TRX reserved and Automated Market Maker (AMM): This is pretty simple. All TYFIs are backed by TRXs which are in the smart contract. That means your investments are safe and NO ONE other than YOU can withdraw your investments from the smart contract.

Now, let’s talk about Automated Market Maker (AMM). This is self-explanatory but for the sake of it, AMM is basically a smart contract consuming all buying and selling orders. It’s a great feature as it demonstrates that the token price is entirely in the community’s hand. The more the community buys, the higher the price and that would lead to more profits.

The best thing about TYFI — it is a decentralized smart contract that is open-source, verified on TRON and you yourself can check or audit the code. Our smart contract is audited and verified by Tronscan network, one of the biggest TRON masternodes.

Profit! That’s what we want to know, right? So, let’s talk about how would you make profits with TYFI.

The Core of TYFI secure platform is built on a powerful blockchain-based algorithm that creates a system, you don’t have to trust. It is scam proof, fraud-proof, and tamper-proof system that allows all the users to share the data transparently.

With complete visualizations of the price levels based on token supply and ROI based on your direct and indirect referral levels, you can easily identify your rewards and returns from your own investment. This will help in investing wisely and more depending upon your expectations of the revenue and your knack for investing.

Buy, hold and stake: By holding the tokens in your wallet for a longer period of time and referring more people to join will increase the number of tokens in circulation, which will increase the price of per token and grow the whole investment in the exponential powers of 2. This is the beauty of the Bonding curve model. The best way of getting maximum ROI on your investment, and by buying more, you are helping increase the price faster and reach the 1.5 Million tokens mark that increases the price up to $3263. Yes, that’s the price we are aiming for as a community.

Of course, you can buy and hold but hey, why not stake and earn more TYFIs!!! That’s where our staking program comes in the picture to help you grow your capital in every possible way. With TYFI, you get a whooping 365% APY, that’s 1% daily ROI on your stakes which you can withdraw everyday and either reinvest to compound your investment or sell if you fancy! Check TYFI pricing map on our website NOW!

TYFI Referral Program

Earning through referral is fast and efficient, but a little tricky to understand.

It is much easier to gain more commission by directly referring people under your referral code available on the Dashboard. With each level added below you, the earnings get higher and more commission is accrued. You can also sell once the price has gone high enough for you to generate profit. Try to enter this at lower prices for the highest growth through price increase and referral commissions. Invest more at the lower stage to reap higher benefits at the upper levels after price growth.

We have two levels of commissions but like other DeFi tokens out there, it doesn’t need a specific amount of staking. That’s doble bonanza, right! You can get commission even if you have 1 TYFI in your account.

Below are the levels for referral bonus –

Level 1- 8% on your referral’s investments
Level 2- 2% on their referral’s investments

This would make sure that you’re earning not only from your direct referrals but also from their referrals.

To summarize this, if someone bought and holding TYFI tokens in their account for long period, then the price will grow as more people buy and referrer more and more people. This would lead to a strong TYFI community thus all community members will benefit from each one’s efforts. So, make sure that you spread the word about TYFI — it’s gonna be good for everyone including YOU.

With TYFI, we want to change the game by shifting community earnings in the hands of our community. We are here for big and our goal is to be the best passive income provider on TRON network without any control over the smart contract. As everything is controlled by the smart contract and community, so there is no LIMIT on buy, sell and of course earnings!

So, what’s next in the journey?

We are working relentlessly first to build the first and best passive income platform on TRON network but a lot of developments are in our product roadmap. We’ll also engage our community to help us build products which are relevant and profitable to the community. We are planning to add more staking features where you can earn by staking other TRON-based coins and in near future, a mobile app which will provide a very good use case of TYFI. We plan to announce more in the festival season — Thanksgiving, Christmas and New year!. So stay tuned and don’t forget to follow us on Twitter and join our Telegram where we have a growing community of over 5000 members 😊

Let’s make it BIG! Happy Tronyfing !!

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TRONYFI

TRONYFI is the first ever TRON based DeFi selling token through Bonding curve model. All token value is 100% backed by TRX reserve through AMM.