Bancambios Chooses Solana Blockchain

Published on: 10.09.2021

Bancambios chooses Solana Blockchain to build its decentralized finance platform.

Bancambios DeFi is the first impact-driven DeFi platform on Solana powered by the launch of the BX token.

The much-anticipated launch of the Bancambios DeFi project is here. The token with ticket BX will be minted on top of the Solana Blockchain and it will be offered to the Solana and DeFi community at first.

The project that registered for the Solana Hackathon will be participating in the Solana Summer Ignition program, where technology teams and the DeFi community gather to build and support projects using Rust, an advanced programming language that is gaining popularity for which reach speed, security, and interoperability.

For Bancambios DeFi, choosing Solana Blockchain was a wise strategy as it aims to move toward mass adoption. “We are excited about how well-crafted the concept came to float. We think we have drafted the ultimate marketing strategy to gain mass adoption through building an open-source tool that sends an optional micro-fee from each trade to projects protecting biodiversity, such as cleaning plastic from the ocean while trading or staking digital assets, as well as a reflective balance mechanism. And it’s through a DAO (Decentralized Autonomous Organization) where the BX community collectively proposes and decides where to contribute through voting. To document the “proof of impact,’ the project would help the charity teams mint a ‘before and after NFT.’ We are also committed to perform audits with four cybersecurity companies to obtain a grade-A platform ready to onboard individuals and institutions, to trade securely,” said a Bancambios representative.

Why Solana

Solana is a web-scale open-source blockchain code that supports the build of decentralized apps and marketplaces. Solana is gaining adaptability for its speed, security, and censorship resistance — features that provide open infrastructure.

Mass adoption

“We aim to build a DeFi ecosystem that is conscious regarding the environment. The Solana blockchain gives us this capability. We have no excuses to help the environment, society, and biodiversity while increasing the trading volume using this programmable exchange of value mechanism.”
“Adoption in Latin America puts our project at a privileged position. We aim to reach the 1 billion people who are either native Italian, French, Spanish or Portuguese with universal access, so no one is left behind.”

Products

As part of bringing all users onboard, Bancambios is offering a variety of products, including the Bancambios Academy, a multi-lingual education platform that teaches how to safely participate in decentralized trading networks.

About Bancambios

Bancambios is a decentralized trading ecosystem, an impact-driven trading platform. With its StableSwap, AlphaSwap, DeFi Academy, and Lendbook products, Bancambios brings a new sense of awareness to current global circumstances. Through the sale of the BX token to the DeFi community, the company is committed to building tools that automate contributions to projects taking care of the big problem the planet is facing.