OVERVIEW OF OROPOCKET

INTRODUCTION

Decentralized finance is a completely new model for the global financial system introduced due to the poor performance of traditional financial solutions as regards to fund and assets management. It presents a better alternative for subscribers within the financial industry and drives the vision of a borderless and frictionless economy while eliminating the irregularities encountered in traditional banks.

However, despite how imminent the wide scale adoption for DeFi seems, it is quite pertinent for users to have a good knowledge about the underperforming traditional solutions, this will inform and determine how they would handle the new world of finance which DeFi presents.

This need has informed the creation of a platform that lets individuals attain safety for their money, through investment in assets, Oropocket is the solution.

DESCRIBING OROPOCKET

Oropocket is a platform that has successfully developed an open finance protocol based on the blockchain network as an upgrade from the traditional banking solutions.

Open finance creates an opportunity for investors to interact with the blockchain, participate in crypto and DeFi as it reduces price issues, offers swift and efficient payments and increases liquidity while maintaining full custodianship of physical assets.

This system creates massive yield on real time assets like gold, stocks, etc and this enables investors to participate and create value for their assets.

Oropocket provides subscribers with an array of cutting edge tools to help them properly navigate, thrive and keep up with the systems development, some of these tools enables are:

• Automatic transfer of assets to any subscriber regardless of his location in the globe.
• Generation of quick loans
• Earning of massive yields on real world assets
• Spending of assets which is facilitated by the use of a debit card.

Oropocket creates an alternative for individuals to experience an unbeatable banking experience on the blockchain built on real world assets, which have full insurance and are constantly audited by intermediaries.

ASSETS AVAILABLE FOR INVESTMENT ON OROPOCKET

Some of the assets available for investors include the following:

• Equity Stocks
• ESOPs and SAFEs
• Precious Metals
• ETFs
• Cryptocurrencies
• Wines and Whisky
• Energy and Oil
• Patents and IPRs
• Premium Real Estate

Oropocket is utilizing its unique open finance protocol to expose subscribers to various real world assets in a transparent manner, incentivize users for active network participation (farming), enable staking for massive interests, help users access loans against their assets, an opportunity for the unbanked population to enjoy banking experience built on assets through the blockchain infrastructure and a lot more.

Meanwhile, the project is developing its proof of concept with Gold and silver and hopes to increase the number of assets and asset classes on the substrate in the future.

PRODUCTS AND SERVICES OF THE PLATFORM

These are a few financial products and services powered by the Oropocket.

• Instant transfer

Transfer of assets between investors or subscribers is enabled on the platform and carried out as swift and as transparent as possible regardless of the locations of parties involved.

• Debit card

A debit card fully backed by assets is also provided on the substrate to facilitate easy assessment of users funds and assets.

• Open Finance

This is a design that bridges the gap between traditional finance and decentralized finance, this approach helps individuals and investors interact with the blockchain, crypto and DeFi.

• Earn Yield From Assets.

Asset holdings of individuals on the platform help them to earn passive yields and returns with oropocket’s customer based design.

• Lending
  You can also monetize your assets by lending or loaning them out and receive interests proportional to the amount of assets loaned.

CONCLUSION

Oropocket is setting the bars so high within the DeFi industry, checking liquidity issues, price slippage, offers instant global payments as well as maintains custodianship of physical assets. With its open finance protocol, it exposes users to various real world assets, encourages staking, provides incentives for users participation on the network, loans and banking services for the unbanked population on the blockchain.

Follow up to date information about Oropocket in their website here and telegram group