Thailand’s BRK Holdings announced the token launch and establishment of a decentralized DeFi project, FedgeFi.
As the virtual asset market grows, financial services with crypto assets such as crypto asset-based interest payment system (earn) and loan service (Lending) are continuously developing. BRK Holdings will provide FedgeFi services so that everyone can break down national barriers and experience the proper financial services and reliable investment products.
FedgeFi is based on DeFi Wallet and FIL Coin mining. Participants on Wallet have both the functions of a miner and FIL (FIL coin) holder.
All assets in the FedgeFi ecosystem can use FFI tokens as collateral assets, and FIL Coins can be mined by depositing FFI tokens in the DeFi Wallet System.
Deposit can be made with FFI or FIL Coin, and the mining fee is paid with FIL Coin, which can be replaced with FFI.
In addition, according to the balance of liquidity assets, the FedgeFi Foundation will strengthen the wallet function in future to develop BTC, ETH, USDT, etc as deposits.
BRK Holdings, the holding company of FedgeFi, which owns the assets and infrastructure of the travel business in Thailand and Southeast Asia, said, “We will do our best to increase the value of FFI tokens by developing various travel products so that the scope of use of FFI tokens can be used for aviation, hotels, golf, etc in addition to FIL mining.” and introduced another business are of FedgeFi by saying “We are preparing various benefits and events for members who book and use travel products through FFI tokens.”
A FedgeFi official said, “As investors’ high attention continues, for the development of the DeFi ecosystem we will do our best to provide rich asset value and liquidity resources through various developments of DeFi Wallet. To enhance the reliability of FedgeFi, all the investment deposits will provide FIL Coin as collateral which is deposited according to the FIL mining volume.” He repeatedly emphasized, “Through FedgeFi, we will strive to become a leader in the DeFi market.”
FedgeFi plans to introduce various investment products to the virtual asset market ecosystem through the development of a decentralized, transparent and reliable wallet.