FAQ

Blockchain investments, are subject to high market risk. We advise our community members to exercise due diligence and caution and to invest responsibly within their financial limits.

Decentralized Finance (DeFi) embodies a suite of financial services built atop blockchain technology, primarily leveraging Ethereum. These platforms facilitate lending, borrowing, trading, and yield farming of cryptocurrencies, eliminating the necessity for conventional financial intermediaries such as banks. DeFi endeavors to establish an inclusive, transparent, and accessible financial ecosystem.
Additional Points to Note:
- Network Support: Staking plays a pivotal role in upholding the integrity and security of the blockchain network. Your active involvement contributes to its overall robustness.
- Tax Considerations: Keep in mind that staking rewards might trigger tax obligations depending on your jurisdiction. Seek guidance from a tax professional for tailored advice.
- Educational Resources: We advocate for the utilization of educational materials to gain a comprehensive understanding of blockchain technology, staking mechanisms, and DeFi protocols.
Remember, DeFi transcends mere investment; it signifies a commitment to fostering a decentralized future. This aligns with the mission of Biafra Coin Inc. to empower communities through renewable energy solutions and equitable financial frameworks.