What is Tidefi?

Tidefi is a novel decentralized exchange (DEX) for digital assets, built as a separate downloadable application, only using cutting edge technologies, running on its own substrate-based blockchain featuring speedy transactions and low fees whilst having a major focus on security and decentralizations. Tidechain is the backbone of the TIDEFI ecosystem. Tidechain is a substrate-based, custom-built Blockchain that combines high scalability with low costs and latency. The substrate-base of the Blockchain was hardened and improved by adding a decentralized Quorum, Oracle and secrets-management protocol. This enables users to swap wrapped tokens directly on the Blockchain without requiring interaction with additional external entities. Tidechain is purpose built to enable swapping between tokens from different blockchains, without a central intermediary.

Instead of two separate tokens, TIDEFI is both a layer-1 network as well as the base currency for the TIDEFI decentralized exchange. This way, users get the opportunity to not only participate in the growth of the Tidechain ecosystem, but earn the rewards by joining TIDEFI early. Tidechain token serves three purposes: network governance, network maintenance rewards (Gas fees) to be paid to validators for each transaction on Tidechain.