Seoul, South Korea — Bosagora, a public blockchain platform, announced its blueprint for “T-Fi,” an advanced financial concept that is anticipated to overtake the existing decentralized finance model on Feb. 17.

T-Fi, which stands for true finance, plans to introduce a new financial experience by linking the real economy, such as stocks and real estate, with BOA, Bosagora’s coin. The company also announced a roadmap that revealed an initial lending service that is planned to begin in March. The first T-Fi lending service program will be rolled out on an incremental basis within the year as trust contracts and CoinNet development are completed.

According to the Bosagora Foundation, T-Fi is an ecosystem that is centered around generating profits in various ways. Profit generation in the T-Fi ecosystem consists of rewards from block generation by operating Bosagora nodes, fixed interest rates from lending staked BOA assets and income dividends by taking part in security token offering projects that are exclusively partnered with Bosagora. T-Fi is already attracting attention from the market because of its ability to generate profits by linking lending staked crypto assets and the traditional economy in addition to earnings gained through operating nodes and participating in STOs, which are well-known existing ways of creating value.

For the management of the T-Fi ecosystem, Bosagora plans to establish T-Fi Labs as a separate corporation to operate nodes in its place by trusting BOA coins while carrying out various businesses, such as lending BOA assets, investment in the traditional economy and fixed interest payments. Bosagora will also operate an exchange where users can freely buy and sell “lending-voucher tokens” among themselves.

The company said that T-Fi pursues more stabilization and higher profits by complementing the vulnerabilities of existing DeFi. Whereas conventional DeFi is focused on lending and transacting ERC-20 tokens, T-Fi can make investments in various real economies. In addition, due to its profit system based on the verified real economy, T-Fi has a structure that is fundamentally impossible for individuals to manipulate by taking advantage of bugs, smart contracts and other blind spots in the profit mechanism. Another advantage of T-Fi is the fact that it can lure universal participation based on a profit system of real economy that is familiar to all.

Out of all the traditional economic sectors, T-Fi is the center-stage of the stock industry. It plans to operate lent assets through FMway, which signed a business agreement with Bosagora in November last year. FMway is an investment company based on a big unique data-based stock-picking algorithm and has recorded annual average earnings of 39.7% as a result of back data testing for the past 20 years on 12 countries’ stock markets.

To decentralize T-Fi, a financial model that invests in the real economy including stocks is key to record in blocks the various transaction details that occur outside the blockchain of Bosagora through objective verification. To that end, the Bosagora Foundation has started discussions with Chainlink, a world-class blockchain middleware company specialized in onboarding off-chain data, for integrating systems through an oracle.

T-Fi Labs plans to launch lending products with one-year maturity on a T-Fi lending service basis during the first half of this year, and it will officially start service for operating nodes as an agency in the latter half when Bosagora nodes can be operated. In the first year of operating CoinNet, Bosagora is required to issue and provide BOA coins to node operators as a reward for block generation representing 37.84% of total issued coins. This is a much higher rate compared to other equivalent PoS-family projects.

“With the vision of building a better world, Bosagora is happy to provide safer and more convenient financial services via T-Fi,” said Kim In-hwan, chairman of the Bosagora Foundation. “Bosagora will create a financial ecosystem that is transparent, fair and beneficial for all through T-Fi.”

Meanwhile, T-Fi Labs will open up to participants on Feb. 22. Details on T-Fi lending services can be found on its homepage, and interest rates will be fixed at approximately 45% for lending during the first year of operation.


BPF Korea

Matthew Kim