Lowcap Synthetix Competitor

Beyond (BYN) is a decentralized platform for creating and trading synthetic financial products . These synthetics can be made to track prices of the underlying asset such as currencies, commodities, stocks, exchange traded funds (“ETF”) and more without having to own the actual underlying asset.

​

Exchanges: Uniswap

>> Their staking program will go live today at 2 pm utc with high apy in limited places

​

>> Need: Synthetic products provide users with price exposure to the underlying asset without having to own the actual underlying asset . This can provide benefits in the form of a seamless experience (e.g. you can own Bitcoins on Ethereum without having a Bitcoin wallet), increase accessibility to certain products (e.g. stocks) without having a brokerage account and is censorship resistant since it is on a decentralized platform.

​

>> Why is there a need for Beyond?

Beyond is designed to create the ideal synthetic product protocol for the market.

There are several attempts in the market that has tried to create synthetic products through similar mechanism, but these have critical flaws which erodes trust within the synthetic products. These includes:

• Low liquidity resulting in high slippage and large spreads

• Poor price tracking of synthetic products relative to actual underlying products

• High trading costs due to Ethereum network congestion

• Poor UI/UX when using exchange

• Limited number of assets available for synthetic trade

• Lack of expertise in underlying financial products.

​

>>How Beyond Synthetics Work?

• Each synthetic product is backed by Beyond (BYN) tokens and a shared pool of collateralized BYN tokens are used to back the synthetic products with a collateralization ratio of 300%

Steps:

• User Purchase the BYN Token

• Stake the BYN TOKEN and get Staking reward OR

- Issued with Synthetic Token USDb.

• Trade/Invest USDb for multi asset synthetic products.

• Earn Profit from investment/Trade.

​

>>Tokenomics:

• Staked BYN tokens to earn a portion of fees on the Beyond protocol

• Created synthetic tokens and earn a portion of newly issued BYN tokens as an incentive – 75% of the initial cost

• Liquidity pools, such as BYN-ETH, will be created on Beyond Exchange and Uniswap.• Total supply - 100 million BYN.

• Circulating supply - 3,5000,000 BYN

• Issuance price - 0.5$

• Marketcap - 8,890,000 USD

>> Renowned Backers:• Rarestone capital• Okex Blockdream Ventures recently made a major investment into Beyond Finance.Expecting listing soon on Okex• moonwhale• master venture• duckdao• spark digital capital• a195• blocksync

>> Roadmap:

• 1Q 2021 – BYN Token Distribution

Beyond exchange official version launch.

• 2Q 2021 – New asset class introduction of unlisted private stocks, IEOs and probability events

Future & Options update

- Expansion into crypto derivatives platform

• 2H 2021 – Platform migration from current Ethereum 1.0 (TBD)

​

• 1H 2022 – Completion of full Decentralized Autonomous Organization transition

Website: https://beyondfinance.io/
TG link: https://t.me/beyondfinanceglobal
twitter: https://twitter.com/beyondfinanceio