First of all, our team would like to express our highest gratitude to the Simpli Finance Community for having faith in Simpli Finance Lab’s team and closely following our product’s development. We would like to summarize and share updates of our progress.
After launching and raising $SIMPLI token’s IDO of 1,297.86 BNB, we brought 40% of the raised amount to create an LP of SIMPLI-BNB which is now available on Pancakeswap. Additionally, $SIMPLI’s price can be viewed on CoinMarketCap via this link https://coinmarketcap.com/currencies/simpli-finance
Details of our Airdrop campaigns, Token burns, and $SIMPLI staking can be found on our Twitter https://twitter.com/simpli_lab
Throughout this December, our Product team has focused on developing Smart Contract for users to invest conveniently in BSC Farms according to our AI Optimizer recommendations. Now, you can check out Optimal Asset Allocation for Yield Farming on https://app.simplifinance.io
Simpli Finance’s system will be able to manage end-to-end asset allocation in which users aren’t required to swap tokens for farming by themselves. On top of that, there will be SimpliChef to manage the tokenomics and to offer Auto-compound for the selected farms’ governance tokens. Due to its complexity and importance, we need to develop our Smart Contract to be efficient, secured, and thoroughly tested. Therefore, our team will need more time to test this feature and postpone the launch from within December 2021 to mid-January of 2022.
In the meanwhile, our AI & Data Scientists are searching for techniques that will boost the efficiency of Portfolio Management along with increasing asset distribution to lower risks. Our scientists are also seeing a new possible innovation for Simpli Finance’s system, and that is to track the crypto market. The ability to track the crypto market will be used to assist our AI recommendation for the best assets recommendation during different market patterns or situations. The market tracker usage has been decided to be free of charge for SIMPLI holders; we will announce more details soon.
In the aspect of Business Development, currently our marketing team has prepared strategies to build Simpli Finance user base. We have experiences and influencers network to execute numerous growth hacks. We also believe that our Simps community will support and advocate the benefits of Simpli Finance’s product globally. In the next year, you will be seeing Simpli Finance business and community grow by leaps and bounds.
Another important news to all is the topic of a chain expansion plan after we fully deployed on BSC. As of right now, we have been initiating and discussing the plan with the world’s leading chain for agreement and support from both sides’ communities. We will disclose more information once we have completed the agreement or when the collaboration reaches a certain milestone.
Lastly, Happy New Year to you all! Please stay tuned and provide us with critical feedback so we can continue to improve our development. Thank you for being a part of the Simpli Finance Community.
About Us:
Simpli Finance Lab is a Decentralized Financial (DeFi) research lab that pioneers in applying AI and Machine Learning to the Defi ecosystem. In the past few years, transactions on the blockchain through smart contracts have led to a new age of Big Data, where data is cheaply available, verifiable, and highly unified. In the traditional world of finance, a large quantity of quality data is a gold mine where businesses can utilize to supercharge their business. However, the space of quantitative modeling has been extremely competitive and has a high barrier of entry for a normal user. Hence the only benefiter of big financial data have been large financial institutions. We believe that the power of Big Data, AI and Machine Learning can build a better and fairer financial system for all in the years to come. Simpli Finance Lab will launch a series of AI-enhanced DeFi Products that allow users to have a competitive edge in the long run.
Visit our website or follow us on Twitter for more details and to get the latest updates.
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