XFY by Team Lappsnet- Tokenizing bank assets, deposit, debt, and investments

amazing good luck . :slightly_smiling_face: :slightly_smiling_face: :slightly_smiling_face: :slightly_smiling_face:

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Great motivation. It’s nice to hear such words from every team that believes in their project. You can still compete for the bonus, you’re not out of the race.

On the other hand, I do not see any transactions on your smart contracts. Are you sure you connected them to front-end correctly? It looks like you didn’t even test them. Please check the issue.

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Hi, @leohymon thank you, for your support. Sorry for the big mistake, we included the whole contract list on devpost but here is the main contract address TYrp7ANDCjCKY69sHSDkVojPG2M2bPV2Fp. Contract TYrp7ANDCjCKY69sHSDkVojPG2M2bPV2Fp | SHASTA TESTNET | TRONSCAN

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okay thank you for updating.

But this one still looks without any transaction. You stopped using that one or what’s the purpose of that?

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thanks for your response :slightly_smiling_face: :slightly_smiling_face:

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Hi @leohymon, Thank you for your observation, I did a double check on the #pausable contract. I run some test transaction. This contract It’s included on the tokenization model proposal. Let me explain the main reason of the contract. The primary and the most important is to meet the Regulatory Compliance, Regulatory requirements may mandate that certain transactions be paused during audits or compliance checks. The ability to pause all operations ensures that the bank can comply with regulations without risking financial integrity.

This is the main flow .

  1. Customers deposit fiat currency in the bank.
  2. The bank mints a corresponding number of tokens representing those deposits using a smart contract that includes the Pausable functionality.
  3. If a suspicious transaction is detected, the bank uses the pause function to halt all token transfers and withdrawals while investigating. In other words When the bank (or the owner of the contract) determines that it needs to temporarily stop deposits (for reasons like security AML checks, or compliance), it can call the pause() function.
  4. Once the issue is resolved, the bank can call the unpause function to resume operations, ensuring the safety and integrity of customer funds.
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good hope its going good

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Okay @Lappsnet now I checked codes after your explanation. Everything is clear. I loved how you managed those functions into smart contract. Keep building, wanna see and hear more next times.

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XFi is truly a forward-thinking project that bridges traditional finance and cutting-edge blockchain technology, making financial services faster, more secure, and accessible. By tokenizing bank deposits on the TRON blockchain, XFi offers a reliable, low-cost solution, especially valuable in regions with limited banking infrastructure like rural.

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thank you for your insight, I developed this project idea during my free time. Hopefully will become an entrepreneur soon with a full-time job and help unbanked people to deep dive onto the digital economy.

best of luck :slightly_smiling_face: :slightly_smiling_face: :slightly_smiling_face: :slightly_smiling_face:

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