# Affluent: Merging Blockchain Technology and User Accessibility in Fintech

Affluent is a fintech application that combines blockchain technology with the user accessibility of Telegram, paving the way for anyone to manage global assets effortlessly. Designed to make asset depositing and interest earning from various sources like DeFi, bonds, and loans as simple as a single click, Affluent operates transparently without intermediaries, fundamentally reshaping trust dynamics in financial services.

# Next-Gen Fintech: Blockchain-Powered Direct Transactions

Fintech has evolved through three significant phases. The first generation focused on online brokerage and digital payments, the second on robo-advisor-based asset management automation, and the third on super-app based integrated services. However, these developments primarily improved user experience while the backend of financial systems remained outdated.

Blockchain is the key technology poised to replace these outdated backend systems. Its decentralized structure and smart contracts facilitate real-time transaction settlements, reduce the need for intermediaries, and enhance global accessibility. The growth of the stablecoin market and Telegram’s Web3 initiatives further bolster the potential of next-generation super-apps.

The complexity and closed nature of financial backends stem from the necessity for multiple institutional approvals and intermediaries. For instance, cross-border remittance involves numerous steps and entities including banks, payment networks, cross-border payment systems, and currency exchange systems, resulting in fees and delays that inconvenience consumers. Blockchain automates these processes via smart contracts, enabling direct connections between transacting parties.

# User Experience with Telegram, Earnings via Blockchain: Simplifying Complex Strategies

Affluent can be accessed via the ‘Earn’ section of Telegram’s native wallet. Users choose strategy vaults tailored to their desired risk/reward profiles and deposit assets with simple clicks. The backend operates various strategies such as lending, real-world assets (RWA), decentralized finance (DeFi), and centralized finance (CeFi).

Once assets are deposited, they are automatically integrated into the chosen strategy. Vault managers use on-chain data to optimize liquidity movement, interest rate comparison, and rebalancing across pools, maximizing returns for users who remain unaware of these complex processes. This user experience surpasses what traditional DeFi protocols offer.

The platform, built on the TON Network, will support various assets including SLP, tgBTC, tsUSDe, syrupUSDC, mTBILL, and XAUT0. It plans to implement a ‘vault-of-vaults’ structure to strategically distribute liquidity, mitigating losses in individual pools and providing risk hedging in variable ROI environments. This sophisticated system appeals to major institutions and could attract institutional investors.

# Affluent: Leading Global Asset Management Accessible Anywhere

Telegram’s commitment to privacy and decentralization sets it apart from traditional messengers. Overlaying this with Affluent’s Web3 income infrastructure creates an easily accessible financial service model for all users, removing the complexities of traditional financial systems and DeFi.

Far more than a mere investment app, Affluent aims to establish itself as a global asset management hub, promoting financial inclusivity. It offers significant potential, particularly for users in regions with inadequate financial infrastructure or unstable currencies. Affluent represents a new paradigm in fintech, blending Web2’s user-friendly design with Web3’s transparent infrastructure.

Telegram recently surpassed 900 million monthly active users, becoming one of the fastest-growing messengers globally. Its robustness in regions with limited banking infrastructure, such as the Middle East, Eastern Europe, and Southeast Asia, provides a vast potential user base for Affluent. These users, often hindered by limited bank services, eagerly adopt mobile-based financial services.

As Affluent connects to these users, millions could invest in global assets and earn interest with a single click, distinguishing it from traditional finance.

# Who Will Lead in Digital Finance? Openness and Utility are Key

Traditional financial institutions are also eyeing blockchain-based services. Global financial giants like BlackRock, Fidelity, and JPMorgan are gradually embracing tokenized assets and blockchain payment infrastructures, though they remain within their closed platforms.

In contrast, Affluent operates on an open platform, encouraging participation and strategy proposals from users. This community-centric structure promotes faster growth and innovation. Moreover, leveraging Telegram’s global reach, Affluent has a strategic advantage in user acquisition and expansion over traditional financial institutions.

Affluent’s distinct approach spans beyond just technology; its operational and structural philosophies diverge drastically from traditional finance. It champions user leadership, community-based governance, transparent income strategies, and global distribution channels. These four pillars underscore why Affluent is seen as a harbinger of financial future.

The strategy vaults offered by Affluent transcend mere earning mechanisms. They could evolve into automated asset management agents, recommending optimal strategy combinations and auto-adjusting positions based on user’s preferred risk levels and investment durations. This automation, powered by smart contracts, allows users to experience seamless asset management without active involvement. What sets Affluent apart from traditional robo-advisors is its blockchain foundation, ensuring transparency and verifiable transaction histories. Affluent also plans to integrate with DAO models, enabling community participation in strategy setting and profit distribution, paving the way for true decentralized financial services.

# The Future Without Bank Apps: Embracing Web2.5 Fintech

Affluent proposes a directional shift for the digital asset ecosystem, combining the UX-friendliness of Web2 with the transparent infrastructure of Web3 and global accessibility. This hybrid model addresses the needs of diverse global populations, especially those excluded from conventional banking systems, those suffering asset losses in high-interest, low-growth economies, and the younger generation deprived of investment opportunities.

At its core, finance aims to preserve assets securely, allocate them productively, and provide fair opportunities to all. Affluent reinterprets these principles through new technologies and structures. It doesn’t merely incorporate new technology but evolves into a platform realizing genuine financial accessibility and democratization.

We are at a pivotal juncture in financial systems, akin to the post-internet revolution, where asset management services centered on user interfaces, borderless distribution, and verifiable systems take precedence. Affluent exemplifies all these criteria. Accessible via Telegram and verifiable through blockchain, it transcends long-standing financial market constraints in an instant. Now the real question is, in a world where you don’t open bank apps anymore, what will you open? Affluent could be that answer.