The DeFiChain ecosystem has an active community with talented builders pushing the boundaries and advancing DeFiChain’s capabilities.

Today, we shine the spotlight on CRYPTO FACTOR – a new project researching the future of digital infrastructure and the cutting-edge technology that will drive digital efficiency and freedom.

CRYPTO FACTOR aims to become a one-stop-shop for anyone aspiring to launch their own crypto project, streamlining the process and providing all the necessary tools and resources in one place.

The Team Behind CRYPTO FACTOR

CRYPTO FACTOR is driven by a talented and experienced team dedicated to building innovative solutions within the DeFiChain ecosystem. Let's meet the key members behind this project.

Matt (aka DEFICHAINFACTOR), is a seasoned payment technology specialist with over 25 years of experience in the traditional financial technology sector. His expertise spans card and contactless card technology, transaction processing, payment networks, authentication systems, card management systems, device payments, and tokenization (e.g., Apple Pay, Google Pay).

Matt entered the digital asset space in 2016 and progressed into DeFi in 2020, together with his extensive background in traditional finance tech and his keen interest in evolving the digital asset space he is uniquely positioned to bridge the gap between these two worlds.

Kiril is another pivotal member of the CRYPTO FACTOR team. With a background in software development for local government, Kiril has extensive experience in creating scalable and secure software-as-a-service platforms. 

Kiril's journey in the blockchain space began in 2016. After a break, he returned in 2020 with a renewed focus on building on DeFiChain. In addition to his work with CRYPTO FACTOR, Kiril is the CEO of OpenDAppsCloud.

Alex is the expert in user experience and user interface (UX/UI). He is responsible for ensuring that the project's solutions are intuitive, visually appealing, and user-friendly.

Marcel is a digital imagery and visual representation expert. He brings his creative talents to craft compelling visuals that enhance the project's branding and appeal.

David is the community manager for CRYPTO FACTOR. With over 100 members in the project's Telegram channel, David oversees social media channels and fosters engagement with the growing community.

Their collective expertise in traditional finance, software development, user experience, visual design, and community management positions them as a formidable force driving innovation in the decentralized finance space.

What is CRYPTO FACTOR?

CRYPTO FACTOR aims to provide next-generation infrastructure that allows users to easily explore the horizons of a decentralized future.

At the core of CRYPTO FACTOR lies the concept of Decentralized Entity Execution (DEE) via Infrastructure-as-a-Service (IaaS) – so that users  can run decentralized applications or services on a distributed infrastructure provided as a service, enabling a more secure, transparent, and resilient execution environment. CRYPTO FACTOR will introduce expandable DEE configurations that establish the on-chain entity, much like a decentralized private company emulation. 

These configurations will include all the required baseline instruments for running a digital business, such as tokens, vesting, staking, asset-backing, DEX insertion and other future features accessible through the CRYPTO FACTOR Platform.

CRYPTO FACTOR is also an aggregator of Web3 on-chain infrastructure services, blending these services together into a deployment template that can be executed on EVM-compatible blockchains like DeFiChain's MetaChain (DMC). It combines all the components available to the platform to create an ecosystem around it while supporting DeFiChain, DMC, DFI and DUSD.

This approach allows new projects to leverage CRYPTO FACTOR's heavy lifting, enabling them to focus on their business ideas and initiatives without the complexities of building the underlying infrastructure.

While the underlying structure is complex, CRYPTO FACTOR aims to drive the adoption of DMC for existing and new users by making it easy to convert ideas into digital reality. This is expected to enable a fresh wave of value-adding services on DeFiChain and beyond.

CRYPTO FACTOR is committed to pioneering and developing this resource at an extremely competitive price point. Deployment fees are initially measured  in an entry threshold of the platform's native token CFR which must be staked and fair value deployment pricing in DFI.

By combining participation and integration with DeFi Protocol products, service connections, and partners, CRYPTO FACTOR aims to enable users to explore new capabilities to "Finance Your Future" in the decentralized world.

How CRYPTO FACTOR's Platform Works

The CRYPTO FACTOR Platform can be described as a decentralized software deployment platform built using OpenDApps Cloud Software-as-a-Service solutions. 

It offers the deployment of different predefined templates, such as the deployment of an on-chain entity or the configuration tokenomics, containing multiple smart contracts and their respective configurations. These templates are designed to provide ready solutions for the different needs of blockchain projects and businesses.

To better understand the concept of decentralized software templates, let's consider one of the templates available on the platform – a token project using a fair launch.

If you want to launch a token project on the MetaChain layer, you might wonder what you need and where to start. Many people might not have the answers or the technical knowledge required to launch the project on their own. This is where the CRYPTO FACTOR Platform can be incredibly useful for project owners.

For your token project, you can choose the template for a token with a fair launch. All you need to provide are some base  parameters like the name and symbol of the token, the total supply, the target DEX price, and some simple checkbox configurations.

After providing the required inputs, you can deploy your token template and simply wait for the transaction to execute fully on the blockchain.

In a single transaction, the token project template will execute the following:

1. Deploy an on-chain entity that will be the owner of the whole project, allowing ownership to be transferred with a simple transaction.
2. Deploy a token with flexible tokenomics using the name, symbol, and supply provided by the client.
3. Configure default tokenomics for buy and sell taxes on the DEX.
4. Deploy staking for the token, where rewards are generated from DEX trading fees.
5. Configure staking with all the required parameters to integrate into the ecosystem.
6. Deploy asset backing for the token with a target baseline price and predefined native token backing.
7. Based on template configuration, enable presale extension for the token.
8. List the token on the primary DEX on the blockchain with the provided liquidity and target price.

As you can see, the template does all the heavy lifting when it comes to deploying and configuring a token project. A more experienced user would easily take over 50 transactions to get the same deployment using the lower-level services of OpenDApps Cloud. 

The template knows the important steps and only leaves the core inputs to the client.

In addition to template deployment, the CRYPTO FACTOR Platform will offer a specialized dApp dedicated to managing, monitoring, and further configuring the services after deployment. 

The dApp makes it easy for clients to access their smart contracts without needing extended knowledge of smart contract interaction and storage. This makes the platform accessible to a wider audience, even those without coding skills or experience. 

Clients of the platform also have access to the public dApp, which they can share with their project communities, providing access to staking, asset backing, charts, and much more. All of this is available through the CRYPTO FACTOR platform and is designed for ease of use and user satisfaction.

Final Words

CRYPTO FACTOR is an ambitious project that aims to revolutionize how we interact with digital infrastructure and unlock the vast potential of decentralized applications. By leveraging cutting-edge technologies and fostering collaboration, CRYPTO FACTOR is committed to simplifying the deployment and management of decentralized entities, while empowering users to "Finance Your Future."

As the DeFiChain community continues to thrive, projects like CRYPTO FACTOR demonstrate the spirit of innovation and the relentless pursuit of groundbreaking ideas. The journey ahead promises exciting challenges and opportunities, and CRYPTO FACTOR stands ready to embrace them, paving the way for a new era of digital empowerment within DeFi.

Want to find out more about CRYPTO FACTOR? Follow CRYPTO FACTOR on X(Twitter), join the growing Crypto Factor Community on Telegram, take a look at their Whitepaper, or check out their website.