After the combination of finance and technology, it has been developing in the direction of more efficient, lower cost and serving more people, and has brought returns to many people, such as bringing higher returns to the financial side and making loan services available to many users who originally could not get loans. But at the same time there are many problems, such as P2P lending too high interest rates can not be sustained, especially for small loans at too high an interest rate, borrowers in more than one platform borrowing, tearing down the east wall to make up for the west wall, industry risk control towards out of control, the final result is the occurrence of many thunderstorms.

And the arrival of blockchain has given fintech a chance to take a leap of faith. Bitcoin, for example, is a cryptocurrency issued without any central entity, with a transparent issuance plan and issue volume, and has gained a lot of recognition in terms of value storage. It is the first distributed cryptocurrency in human history, bringing more options and possibilities to the future financial world.

Not only that, with the launch of Ether smart contracts, the concept of DeFi distributed finance emerged in 2018. This is a brand new financial ecology with many possibilities, but blockchain-based distributed finance is still very early, and there are still many problems to be solved, such as small market scale, poor user experience and difficulty in development, etc. How distributed finance can reach the level of user experience of traditional Internet finance still needs a lot of efforts.

Based on this background, TYCOIN team chooses to build a common development platform for decentralized financial services in the distributed financial ecology. By framing and systematizing the needs related to specific scenarios in distributed finance, TYCOIN provides communication standards and development frameworks for financial services in distributed networks, so that crypto assets can realize secure and efficient value interconnection within a unified framework.

TYCOIN is an open source decentralized autonomous organization created in 2019 on the Cryptocurrency chain. The project issues a governance-based token called TYC, which is available to all holders of the token worldwide to participate in project governance. Through a science-based governance system consisting of executive voting and governance voting, TYC holders can manage the TYCOIN protocol and TYCOIN's financial risks, and ultimately create an inclusive global financial ecosystem with deep scalability and sustainability through a unique dual-track distributed service architecture of DeFi incentive system + DAO governance model.

TYCOIN uses the characteristics of non-tampering, open and transparent, and decentralization in blockchain technology to solve the potential risks of irregular operation of the platform, project forgery, and information leakage inherent in the traditional crowdfunding model, ultimately creating a fair, open, and just platform to promote the development of global open finance and DeFi.

Since its inception, the TYCOIN platform has come with three main missions: to reduce or even eliminate information asymmetry; to make inclusive financial services as fair as possible; and to evangelize blockchain philosophy by providing easy-to-use applications. TYCOIN is committed to creating a pocket-sized asset-light digital bank that is available to everyone, allowing more people to participate in DeFi and DAO governance with low barriers and depth, becoming a mass level portal to the DeFi world.

In the future, based on TYCOIN's huge liquidity market and the rising demand of the cryptocurrency market, TYCOIN will provide a good reference for the integration of traditional finance and crypto finance. Under the trend of continuous development of the cryptocurrency market, TYCOIN will give full play to its technical advantages, provide more innovative financial products and services, and achieve in the field of crypto industry segmentation track surpass other similar platforms and become a full financial platform in the Web3.0 era!