ACTUALLY, IT'S ACTAFI

In an interview with Kyle Galea, Acta Finance’s Founder Christof Waton spoke about what the rebranding to ActaFi represented, how the venture was breaking ground in the DeFi world and what the community and the Blockchain world should be looking forward to.

ENERGY CONSUMPTION IS A HOT GLOBAL TOPIC AND CARDANO SCORES TOP OF THE CLASS OF THE BLOCKCHAIN INDUSTRY.

Why did you go for a fully decentralized system?

It’s transparent, immutable, and permissionless. When looking at the finance side of crypto, the centralized systems have been accused (and for good reason) of manipulations. The team goes for a fully decentralized system so that every transaction is recorded on the blockchain (transparency), which makes it secure from manipulations (immutable), while the users stay in control of their assets at any time (permissionless).

Cryptocurrency is becoming mainstream, which means that regulations are (finally) starting to pop up. Binance has already faced the torment of regulators and that will only become more efficient. It is only a matter of time when centralized entities are due to an audit of the user’s assets, which will open up Pandora's box.

ActaFi is a whole, innovative ecosystem, built on 2 blockchains. It would be needless to say that we are here for the long run and therefore want to protect ourselves from potential negative impacts to the industry.

ACTAFI IS A WHOLE, INNOVATIVE ECOSYSTEM, BUILT ON 2 BLOCKCHAINS. IT WOULD BE NEEDLESS TO SAY THAT WE ARE HERE FOR THE LONG RUN AND THEREFORE WANT TO PROTECT OURSELVES FROM POTENTIAL NEGATIVE IMPACTS TO THE INDUSTRY.

AVALANCHE IS EVM COMPATIBLE, ALLOWING US TO EASILY FORK OUR ECOSYSTEM TO OTHER BLOCKCHAINS LIKE BINANCE SMARTCHAIN (BSC) FOR EXAMPLE.

THE ACTAFI ECOSYSTEM BRINGS INNOVATIVE PASSIVE EARNING OPPORTUNITIES AND INCENTIVIZES THE USER-BASE GROWTH, BY INTRODUCING A SUSTAINABLE ON-CHAIN REFERRAL SYSTEM.

What benefits could that contribute to your ecosystem and community?

Within the ActaFi ecosystem, users not only stay in control of their assets but can also choose on which network / blockchain they operate our ecosystem on, as we are developing cross-dual-chain.

Smart contracts are the most vulnerable part of any DeFi project and are being audited prior to making them publicly available. Everytime we release a product, or feature, an audit will be required for the entire ecosystem.

Why did you pick Cardano and Avalanche as the pillars of your cross-dual chain system?

Energy consumption is a hot global topic and Cardano scores top of the class of the blockchain industry. Other than that, the RealFi and B2G approach Cardano has is something we admire.

Knowing Cardano is opening up its ecosystem, it will take time for the blockchain to be able to handle high frequency usage, which DeFi is. The team took the responsibility of being capable of bringing the ActaFi innovative DeFi ecosystem at all cost, by developing cross-dual-chain on Avalanche, which currently has the best financial dApp infrastructure. Fast, reliable, cheap, the perfect combination for the end-user.

What opportunities does the move from ADA Finance to ActaFi provide in terms of community and branding?

The name ADA Finance limited our audience to be attractive within the Cardano ecosystem. Having a neutral name helps us to establish our brand within any ecosystem. We are developing on Cardano and Avalanche simultaneously. Avalanche is EVM compatible, allowing us to easily fork our ecosystem to other blockchains like Binance SmartChain (BSC) for example.

Passive income has been a cornerstone of ActaFi’s vision of its own DeFi ecosystem. How does its utilities, including its unique referral system, contribute to this?

The ActaFi ecosystem brings innovative passive earning opportunities and incentivizes the user-base growth, by introducing a sustainable onchain referral system.

There are fees, or a lockup, in place to guarantee a sustainable multi-passive earning model, which feeds the quarterly buyback of the NXF token, which gets distributed to the referral system and DAO program.

THE GOAL IS TO DESIGN A GOOD INVESTMENT EXPERIENCE WHERE PEOPLE CAN DISCOVER WHO THEY ARE AS INDIVIDUALS AND INTEGRATE MORE AND MORE CRYPTO INTO THE WAY THEY INVEST.