What kind of platform is "Defactor" introduced by Huawei's official Twitter account?

The crypto community is widely disseminating a screenshot, and also circulated: "Huawei's official Twitter account recommended a DeFi project called "Defactor"." As the news came out, Defactor governance Token FACTR soared, currently at $0.214, with the highest increase of about 800%.

Odaily Planet Daily verified and confirmed the reliability of the news. The tweet was sent out by Huawei's official Twitter on February 21, and a video of an interview with Defactor CEO was attached below the tweet.

“Defactor is a startup that connects traditional financing and the new world of DeFi.”

According to the video (click to jump), Huawei and Dogpatch Labs held the "Huawei International Scale-Up Programme" in Ireland, and Defactor participated in this support program as a local Web3 startup in Ireland. Odaily Planet Daily also found that the program was held as early as October last year. The other nine companies are: Empeal, Tracworx, Little Red Edu, Helgen, Graphite Note LTD, Halosos, Energy Elephant, Xpanse AI, and Sensipass.

What kind of platform is Defactor? According to the official website (https://defactor.com/), its core concept is the tokenization of real-world assets (RWA). Similar competitors in this field include Centrifuge, MakerDAO, etc. "The "real world" is becoming digital. Ownership is no longer proved by documents. We hope to eliminate friction and provide opportunities for people, businesses and their assets. Build a bridge of communication between traditional (TradFi) and decentralized (DeFi) finance."

Simply put, Defactor connects asset originators (AO) on one end and liquidity providers (LP) on the other end, creating a DeFi investment platform through blockchain tools. Its business model charges fees from AOs and LPs.

Specifically, the asset originator (AO) needs to apply on Defactor and submit relevant legal documents to prove the reliability of the assets; Defactor will evaluate the assets through the risk control system and audit, and give four ratings: Prime+, Prime, Prime-, and SubPrime.

Users who are interested in becoming investors and providing liquidity funds will also need to pass the platform's KYC and AML requirements; they will then be assigned a dashboard where LPs can allocate funds to selected liquidity pools (multiple pools with different risk profiles), supporting crypto payments.

Currently, Defactor only supports the tokenization of three real-world assets:

• Accounts receivable/factoring business (Note: Factoring, the full name of which is factoring, also known as purchasing accounts receivable and collection and payment);

• Trade finance;

• Inventory financing.

In terms of tokens, FACTR is the native token of the Defactor ecosystem, and its application scenarios are as follows:

Network Access: Asset originators need FACTR tokens to access the Defactor platform and services. AO’s tokens will be locked in the smart contract throughout the funding period, reducing the circulation. AOs may need to pay fees for each funding period.

Governance: In the medium term, FACTR will introduce a governance model to manage and optimize the network, which will allow token holders to participate in community decision-making.

Staking: Token holders who stake FACTR will receive rewards.

Buyback model: Defactor will allocate a portion of its revenue to regularly buy back FACTR Tokens.

Currently, Defactor is still in its early stages of development and has not released any business data. Odaily Planet Daily reminds users to participate with caution and avoid FOMO.