A few years after the emergence of Bitcoin, the father of a family who immigrated from Russia to Canada in 2011 told his 17-year-old son about Satoshi's work and Bitcoin. Fascinated by what his father talked about, this young man named Vitalik Buterin suddenly finds himself in this world. Rumor has it that this young man, who has the ability to mentally multiply three-digit numbers at twice the speed of a normal person, showed his talents on the global platform by winning the Bronze medal in the International Information Olympics at the age of 18.
Buterin first makes improvements on Bitcoin and strives to transfer many other functions (such as sending non-monetary assets, creating digital contracts) to this system other than Bitcoin transfer. However, he finds it very difficult in this regard. Buterin has a vision of a world computer that can perform many more transactions than a calculator-like function that keeps the transactions in which money moves from one place to another.
In 2013, Buterin introduced Ethereum with 15 software developer friends. But there is only a concept design yet - it is too early for a product that will make money or receive investment. Just then, Peter Thiel gives them a $100,000 scholarship. They say that getting this scholarship is even harder than getting into the best universities in America.
Awards do not satisfy your stomach, investment is needed
In September 2014, they collected money with an interesting method. They say, "We are collecting money in the first two weeks as 2,000 Ether01 Bitcoin, then this figure will gradually decrease and the last buyers will receive 1,337 Ether=1 Bitcoin." They establish a foundation in Switzerland and sell through this foundation and use the money of that time. They raise $18.5 Million. This means an average of $0.31 for one ether, so it's up to you to calculate the current profits of those who invested.
Avantis is one of the projects that expands decentralized derivative transactions in the DeFi ecosystem. It provides diversity by bringing real-world assets into the Blockchain. This approach enables global investors to trade across a broader range of assets.
Transparency and security are of great importance for institutional investors. Avantis serves as a bridge between DeFi and traditional finance.
“How do you decide whether a person should be admitted to a mental hospital?”
The doctor replied: “We fill a bathtub with water. Then we give the patient three things: a spoon, a cup, and a bucket. Then we ask the person how they would prefer to empty the bathtub. What would you do?” The man said: “Ah! I understand. A normal person would choose the bucket. Because the bucket is bigger than the spoon and the cup.” The doctor said: “No, a normal person would pull the plug.”
The DeFi App that breaks the limited structure of traditional finance has managed to become one of the rapidly rising and talked-about projects in the crypto world. Supported by the HOME Token, this platform offers a unique experience appealing to both beginners and professional investors with its "ability to transact without gas fees" feature.
The DeFi App is a multi-chain super application that operates across multiple blockchains, integrating decentralized wallets into a single interface. The platform works in harmony with major networks such as Ethereum, Arbitrum, BNB Chain, Base, and Solana, allowing users to manage all their assets in a decentralized manner through a single application.
Thanks to this structure, investors can carry out their transactions without experiencing complex bridging operations, high gas fees, or cross-chain compatibility issues.
The DeFi App has the potential to be a groundbreaking project in the DeFi sector not only with its technical infrastructure but also by redefining user experience. With its gas-free transaction infrastructure, cross-chain support, non-custodial wallet structure, and community-focused token economy, it offers a versatile solution.