1. NTLEDGER Defi REC is a utility token on the NTLedger blockchain network. It aims to provide decentralized identifiers to empower a self-sovereign identity ecosystem. This completely secured technology allows users to thoroughly control their data while validating themselves on the Internet. Now you can rebuild the traditional finance with control, transparency, and accessibility. Decentralized finance (DeFi) Decentralized finance (DeFi) is an umbrella term used for various applications within the public blockchain space pitched toward disrupting the traditional finance methods. Defi is inspired by blockchain technology and is referred to as financial applications built on blockchain technologies using smart contracts. These contracts are automated enforceable agreements that don't require intermediaries to perform and can be retrieved by anyone with an internet connection. DeFi entails peer-to-peer protocols and applications developed on decentralized blockchain networks without access rights for easy trading, lending, and borrowing financial tools. Most of the time, DeFi applications are built with a multichain network. Besides that, many alternative public networks are emerging to deliver superior security, speed, scalability, and lower prices. THE FUTURE OF DEFI IS MULTICHAIN: (DeFi) Decentralized finance is shaping the crypto market differently, and it's expected that the future of DeFi is multichain. Just a year ago, the total worth of assets managed by DeFi protocols was around one billion US dollars; But today, its Total Value Locked has increased up to 60-fold. DEFI with NTLEDGER: Even after some initial troubles, the DeFi market is proliferating through innovative financial products combined with reflexive income sources, and it's expected to reach its potential in the process. By building a bridge between the NTLedger and multichain network blockchain, the REC-Token is ported to a blockchain where smart contracts govern decentralized exchanges. A liquidity mining program will help incentivize the overall provision of liquidity. Liquidity helps to ensure smooth trading without causing issues or delays. The introduction of SSI and extra reward mechanisms enhanced the overall token demand. Other than creating a passive revenue stream, the main goal of NTLedger is to dispense technology toward counter-centralization. Therefore, DeFi is being used to broaden and enable access to NTLedger technology via the multichain network. We call this process NTLedgernomics.