What is the MeanFi Project? Basic information about the MEAN . token

• MeanFi project overview
• What is the MeanFi Project?
• What are the highlights of the MeanFi project?
• MeanFi's products
• MeanFi project development roadmap
• MeanFi developers, investors and partners
• MeanFi Token Overview (MEAN)
• What is MeanFi Token (MEAN)?
• Detailed information about the MEAN . token
• MEAN . Token Allocation
• MEAN . token distribution roadmap
• Where can MEAN tokens be purchased?
• The future of the MeanFi project and whether to invest in MEAN tokens or not?
• summary

MeanFi project overview 

What is the MeanFi Project?

MeanFi is a Web 3.0 banking application, managed by the user without being dependent on 3rd party intermediaries. MeanFi is funded by Mean DAO and built on top of Mean Protocol. 

Mean DAO is a decentralized autonomous organization (DAO). Mean DAO's goal is to build the necessary decentralized products and blockchain infrastructure that act as financial tools for people and businesses around the world.

Mean Protocol is a set of rules and smart contracts that help developers build banking applications and processes based on blockchain technology. This protocol facilitates transaction coordination using a number of programs and sub-graphs such as Hybrid Liquidity Aggregator, DDCA and direct money transfer schemes. .

What are the highlights of the MeanFi project?

Transparency

• Any individual, company or organization can interact with Mean Protocol Mainnet smart contracts at any time without requiring access.
• Users do not need to verify their identity with Mean DAO, Mean Protocol or MeanFi app. All information about the project is public on social networking platforms.
• MeanFi never has access to or holds user funds. The MeanFi app just helps users manage their funds in more efficient ways, while maintaining their privacy and control over those funds.

Fast transaction processing speed and cost savings

By building Mean Protocol on the Solana blockchain platform , developers and users can transact and perform investment, business, and other daily tasks with almost zero cost. 

Minimalist design, friendly and easy to use app

MeanFi is designed and works like a regular bank with accounts, transactions and exchange rates, deposits and withdrawals, all powered by Mean Protocol on Solana.

A common liquid market

Mean Protocol allows developers to access more than $1.9 billion in aggregate liquidity through the Universal Liquidity Program. This helps users exploit aggregated liquidity from many AMMs such as Raydium , Orca ... and Serum 's CLOB to optimize routing, fees, slippage...

Implement decentralized DCA (price averaging) strategy

MeanFi provides users with the ability to DCA in a decentralized way, not controlled, monitored and managed by any intermediary. It helps you stay in control of your cash flow and leverages Mean Protocol DDCA contracts to schedule and plan DCA over various timelines.

MeanFi's products

MeanFi . app

With the MeanFi application, users can access the tools and services they normally use at traditional banks such as depositing, withdrawing, transferring... MeanFi is a decentralized application so anyone can can access and use these tools and services for free at almost zero cost. 

Some outstanding tools and services of MeanFi can be mentioned as:

• Swap (swap) coins/token at MeanFi with a large liquid market up to billions of dollars.
• Send, transfer money instantly anytime, anywhere in the world with extremely low cost. 
• Schedule, set up automatic payments for recurring payments at the desired rate in various timeframes.
• Easily send money to MeanFi via credit card, debit card, bank account (SEPA) or send directly from cryptocurrency exchanges, e-wallets to your own Solana wallet.
• Set up automatic payroll with desired rate and frequency for companies, businesses, organizations.
• Provide a secure custody solution for institutions, businesses, and investment funds so they can safely invest in crypto assets.

Mean Protocol

Mean Protocol supports various sub-graphs making it easy for developers to build their decentralized applications with low cost of use without requiring identity authentication.

• The Money Streaming Protocol (MSP): MSP is used for time-based financial management applications such as payroll, remittance, donation, tax payment, payment of retirement services, rent, etc.
• The Hybrid Liquidity Aggregator (HLA): HLA helps your application users aggregate liquidity from multiple protocols and optimize routing impact, fees, slippage, etc. This ensures constant swap prices (swap) The most optimal with data is aggregated on many AMM and CLOB of Serum without having to do it manually.
• The Block Tempo Protocol (BTP) : BTP helps developers register callbacks on Solana's network.
• The Decentralized Dollar Cost Average Protocol (DDCA) : Decentralized DCA provides users with a way to automate their investment strategy without depending on any centralized institutions.
• The P2P Exchange Protocol (P2PX) : P2PX works well if the developer wants to provide users with exchange transactions between two parties in the form of peer-to-peer P2P with high safety and security.

MeanFi project development roadmap

The development roadmap of the project is divided into 5 main phases:

• Phase 1 – Jobs : The project will develop and build the most basic functions similar to a traditional bank to help users easily deposit, store, exchange, transfer and withdraw money.
• Phase 2 – Hayek : The project provides users with features to help them optimize their income such as farming, staking, lending and borrowing.
• Phase 3 – Curie : The project builds, develops and provides functions and services aimed at businesses serving production and business activities such as fund management, accounting, invoicing …
• Phase 4 – Faraday : The project offers solutions to help large companies and enterprises deposit and withdraw large amounts of money into or out of the cryptocurrency market without problems of slippage and shortage. Liquidity.
• Stage 5 – Einstein : Multi-chain

Although each phase has its own specific focus and goals, they are all planned to run in parallel and launch sequentially. For the remainder of 2021 and all of 2022, the project will focus on completing phases 1 and 2.

MeanFi developers, investors and partners

Development team

Michel T. – CEO : Michel has over 10 years of experience in both technology and crypto. He is also an investor and businessman with two investment funds. Currently, Michel is the one providing the strategies, development roadmap, activities and leadership for Mean DAO.

Eydel R. – Chief Technology Officer : Eydel is an expert in computer science, data security, and distributed networking. Eydel was also Michel's classmate from high school to college. At MeanFi, Eydel is responsible for issues related to infrastructure, DevOps, security, blockchain engineering, and smart contract architecture.

Yamel A. – Information Technology and Software Engineering : Yamel has more than 15 years of experience in the technology field and has provided many applications on mobile, web, embedded systems to startups. and businesses. He is currently the leader of MeanFi's website and mobile application development team.

Maylin R. – Information Technology and Product Management : Maylin has more than 5 years of experience in the technology and crypto industry, currently working as product, releases and documentation manager for MeanFi.

Yansel F. – Information Technology and Software Engineering . With over 10 years of experience in software development and over 2 years in coding. Yansel is in charge of developing backed, blockchain, smart contracts and applications for the project.

Investors

Mean DAO has raised $3.5 million in investment capital from many large investment funds and institutions such as Three Arrows Capital, SoftBank's SB Opportunity Fund and DeFiance Capital. 

Other investors include Skyvision Capital, Solar Eco Fund, Sesterce Capital, Big Brain Holdings, Gerstenbrot Capital, a41 Ventures, Solanium Ventures, MEXC, PrimeBlock Ventures, Gate. io, LPI, Akshay from Solana Labs, Tanmay from SuperteamDAO and Norbert from Synthetify.

Partner

Some prominent partners of MeanFi include Jupiter, Synthetify, Grape Protocol, Solflare.

MeanFi Token Overview (MEAN)

What is MeanFi Token (MEAN)?

MEAN is the governance token of the MeanDAO ecosystem.

The MEAN token used in the MeanDAO ecosystem has the following basic functions:

• Users can stake, farm their MEAN tokens on MeanFi for 6, 12, 24 or 48 months to receive Mean Protocol interest and dividends.
• Those who own MEAN can participate in governance, vote and contribute ideas to help the project develop.

Detailed information about the MEAN . token

• Token Name: MeanToken
• Ticker: MEAN
• Blockchain: Solana (SPL)
• Token Standard: SPL
• Contract: MEANe…PeHctD
• Token Type: Utility, Governance
• Total Supply: 210,000,000 MEAN
• Circulating Supply: Updating

MEAN . Token Allocation

• Community and Rewards: 70%
• Team and Advisors: 20%
• Token Sale: 10%

MEAN . token distribution roadmap

• Community Treasury: 40%, in the first 1 year after TGE, 50% of MEAN tokens in the treasury will be distributed, 30% for the 2nd year and the remaining 20% ​​in the 3rd year
• Initial rewards and incentives: 30%, distributed over a 3-year period through airdrops, incentives, stake MEAN, extra liquidity
• Development team and advisors: 20%, distributed within 36 months after TGE
• Token Sale: 10%

Where can MEAN tokens be purchased?

Currently, MEAN token has not been listed on any exchange. Recently, MEAN was launched on Solanium platform with IDO event on December 18, 2021 and from December 22, 2021 to December 24, 2021 at MeanFi app. After the IDO event ends, you can directly buy MEAN tokens with US dollars or euros on MeanFi or through cryptocurrency exchanges like Gate, Raydium, Serum, Orca...

The future of the MeanFi project and whether to invest in MEAN tokens or not?

Decentralized finance (DeFi) has seen a breakout growth from $900 million in July 2020 to a whopping $250 billion in total key assets (TVL) as of December 2020. 2021. But to make DeFi the new economic standard, it needs to be used and recognized by more users.

Mean DAO is building and developing MeanFi decentralized application and Mean Protocol on Solana network to help bring DeFi closer to people, businesses, companies and organizations. With MeanFi, a decentralized bank, users can access the tools and services they normally use at traditional banks such as depositing, withdrawing, transferring, saving... As for Mean Protocol , developers can easily build decentralized financial applications with powerful toolset and optimal cost.

The project is also built and managed by a professional development team with many years of experience in both technology, business and cryptocurrency. In addition, the project also receives the support and advice of large investment funds in the cryptocurrency market such as Three Arrows and DeFiance, as well as in the traditional financial sector, SoftBank.

The MeanFi project is a good project with the idea of ​​​​building a decentralized banking application based on blockchain technology. However, the crypto market is currently not accepted by many countries and there are no specific regulatory laws. This will directly affect MeanFi's ability to grow and expand in the future. Therefore, you need to do thorough research before making a decision to invest in the MeanFi project. 

summary

Above is all the basic information about the MeanFi project and the MEAN token. Mean DAO with the construction and development of the decentralized bank MeanFi and MeanProtocol will bring the cryptocurrency market and DeFi into daily banking activities. In addition to basic banking tools and services, MeanFi also offers users many features only available in the cryptocurrency market such as staking, farming, thereby making DeFi and crypto accessible to everyone. , businesses, companies and organizations.

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