SlideShare a Scribd company logo
1 of 10
Decentralized finance is an open source
technology that reaches disintermediation
through decentralized layers and the
elimination of centralized intermediaries in
order to improve the current financial
system in all aspects, emphasizing the core
tenets of openness, fairness and
connectivity. Take cross-border payment as
an example, when a person remit money to
a person in another country, they usually
need to find a financial institution to
complete the payment task, but it will
charge a certain fee in return.
However, DeFi (Decentralized Finance) app
disintermediates the entire remittance
process by sending digital money directly
from his/ her wallet to the payee without the
need for a financial institution intermediary
service. DeFi has many different financial
applications, including payments, debit and
credit, stable coin, tokenisation and
decentralized exchanges, and can create a
new generation of financial system.
HyperFund has constructed a DeFi
ecosystem that will provide a
completely decentralized financial
infrastructure for all digital currency
users. HyperFund will devote itself to
developing quality blockchain
projects, lead the strategic direction of
Fintech, and aims to make more
contributions to the blockchain
industry.
HyperTech Group has launched the
HyperFund – Ogilvy Plan to build a
DeFi (Decentralized Finance)
ecosystem. The aim is to provide a
holistic decentralized financial
infrastructure. Ryan Xu, also known
as the Martian, is the Chief Consultant
of HyperTech Group, and will be
heavily involved in the project.
HDAO is the platform token of decentralized
autonomous organization HyperDAO, and is
currently listed on OKEx and Hoo. It was
lauded as one of the top projects of 2020,
which was why it was selected as the official
token of the HyperFund platform. Based on
distributed bookkeeping and blockchain
technology, HyperDAO will build a financial
service ecological platform integrating DeFi
applications such as decentralized stablecoin,
community crowdfunding, wallet, cloud
exchange, market prediction and asset
management.
Based on distributed bookkeeping and
blockchain
A decentralized stablecoin
An ecological financial service platform
integrated with DeFi applications
HDAO will be the token powering the
HyperDAO ecosystem.
Application scenarios will gradually
increase and there will be not only a
multiplication of wealth, but also a symbol
of success in the future.
https://thehyperfund.com/#i
ndex-HyperFund

More Related Content

What's hot

PayPal coverage report_Capital_Dec
PayPal coverage report_Capital_DecPayPal coverage report_Capital_Dec
PayPal coverage report_Capital_Dec
PayPalHK
 

What's hot (20)

Defi synthetic assets development
Defi synthetic assets developmentDefi synthetic assets development
Defi synthetic assets development
 
Institutional Decentralized Finance (DeFi) Markets Infrastructure
Institutional Decentralized Finance (DeFi) Markets InfrastructureInstitutional Decentralized Finance (DeFi) Markets Infrastructure
Institutional Decentralized Finance (DeFi) Markets Infrastructure
 
Ven Digital Currency Overview from Hub Culture
Ven Digital Currency Overview from Hub CultureVen Digital Currency Overview from Hub Culture
Ven Digital Currency Overview from Hub Culture
 
FinTech Workshop 05: Michael Puhle - An introduction to Robo-Advisors
FinTech Workshop 05: Michael Puhle - An introduction to Robo-AdvisorsFinTech Workshop 05: Michael Puhle - An introduction to Robo-Advisors
FinTech Workshop 05: Michael Puhle - An introduction to Robo-Advisors
 
DeFi 101
DeFi 101DeFi 101
DeFi 101
 
D app 101
D app 101D app 101
D app 101
 
Four top decentralized finance trends to watch in 2022
Four top decentralized finance trends to watch in 2022Four top decentralized finance trends to watch in 2022
Four top decentralized finance trends to watch in 2022
 
9 building blocks for success block stars.io
9 building blocks for success   block stars.io9 building blocks for success   block stars.io
9 building blocks for success block stars.io
 
Антонио Руиз-Хименес - Блокчейн революция. Применение метрик Венчурных Фондов...
Антонио Руиз-Хименес - Блокчейн революция. Применение метрик Венчурных Фондов...Антонио Руиз-Хименес - Блокчейн революция. Применение метрик Венчурных Фондов...
Антонио Руиз-Хименес - Блокчейн революция. Применение метрик Венчурных Фондов...
 
Muna Loans
Muna Loans Muna Loans
Muna Loans
 
Real estate in blockchain (2)
Real estate in blockchain (2)Real estate in blockchain (2)
Real estate in blockchain (2)
 
FINTECH4GOOD ROUND TABLE 14.9.20 Alon Cohen
FINTECH4GOOD ROUND TABLE 14.9.20  Alon CohenFINTECH4GOOD ROUND TABLE 14.9.20  Alon Cohen
FINTECH4GOOD ROUND TABLE 14.9.20 Alon Cohen
 
PayPal coverage report_Capital_Dec
PayPal coverage report_Capital_DecPayPal coverage report_Capital_Dec
PayPal coverage report_Capital_Dec
 
DeFi Development Services
DeFi Development ServicesDeFi Development Services
DeFi Development Services
 
Digital Finance Institute - Advancing digital finance innovation, transparenc...
Digital Finance Institute - Advancing digital finance innovation, transparenc...Digital Finance Institute - Advancing digital finance innovation, transparenc...
Digital Finance Institute - Advancing digital finance innovation, transparenc...
 
Discover the power of blockchain with r3 corda platform
Discover the power of blockchain with r3 corda platformDiscover the power of blockchain with r3 corda platform
Discover the power of blockchain with r3 corda platform
 
Intro to Crypto Economic dApp
Intro to Crypto Economic dAppIntro to Crypto Economic dApp
Intro to Crypto Economic dApp
 
Digital finance - visualizing a new era of finance
Digital finance - visualizing a new era of financeDigital finance - visualizing a new era of finance
Digital finance - visualizing a new era of finance
 
Defi Development Company In India
Defi Development Company In IndiaDefi Development Company In India
Defi Development Company In India
 
Harvard EconCS 2017: Blockchain & Collaborative Economy
Harvard EconCS 2017: Blockchain & Collaborative EconomyHarvard EconCS 2017: Blockchain & Collaborative Economy
Harvard EconCS 2017: Blockchain & Collaborative Economy
 

Similar to Hyperfund decentralized finance

Similar to Hyperfund decentralized finance (20)

DeFi Beyond the Hype
DeFi Beyond the HypeDeFi Beyond the Hype
DeFi Beyond the Hype
 
Future of Trade 2021 Crypto Edition
Future of Trade 2021 Crypto EditionFuture of Trade 2021 Crypto Edition
Future of Trade 2021 Crypto Edition
 
Top 10 DeFi Trends 2024.pdf
Top 10 DeFi Trends 2024.pdfTop 10 DeFi Trends 2024.pdf
Top 10 DeFi Trends 2024.pdf
 
Is DeFI The Next Big Thing For Business Growth?
Is DeFI The Next Big Thing For Business Growth?Is DeFI The Next Big Thing For Business Growth?
Is DeFI The Next Big Thing For Business Growth?
 
What is decentralized finance DeFi
What is decentralized finance  DeFiWhat is decentralized finance  DeFi
What is decentralized finance DeFi
 
Decentralized Exchange Development Company.pdf
Decentralized Exchange Development Company.pdfDecentralized Exchange Development Company.pdf
Decentralized Exchange Development Company.pdf
 
Defi Services - Mobiloitte
Defi Services - MobiloitteDefi Services - Mobiloitte
Defi Services - Mobiloitte
 
Decentralized Finance Development
Decentralized Finance DevelopmentDecentralized Finance Development
Decentralized Finance Development
 
Top 21 Decentralized Finance (DeFi) Projects - Executive Summary
Top 21 Decentralized Finance (DeFi) Projects - Executive SummaryTop 21 Decentralized Finance (DeFi) Projects - Executive Summary
Top 21 Decentralized Finance (DeFi) Projects - Executive Summary
 
Why is Decentralized Finance (DeFi) No Longer Defiable_ - Bahaa Abdul Hussein...
Why is Decentralized Finance (DeFi) No Longer Defiable_ - Bahaa Abdul Hussein...Why is Decentralized Finance (DeFi) No Longer Defiable_ - Bahaa Abdul Hussein...
Why is Decentralized Finance (DeFi) No Longer Defiable_ - Bahaa Abdul Hussein...
 
Innovative DeFi Development Services Shaping Tomorrow's Finance
Innovative DeFi Development Services Shaping Tomorrow's FinanceInnovative DeFi Development Services Shaping Tomorrow's Finance
Innovative DeFi Development Services Shaping Tomorrow's Finance
 
Cross-Chain DeFi : Maximizing Earnings Across Blockchains
Cross-Chain DeFi : Maximizing Earnings Across BlockchainsCross-Chain DeFi : Maximizing Earnings Across Blockchains
Cross-Chain DeFi : Maximizing Earnings Across Blockchains
 
What Is DeFi? Guide to Decentralized Finance
What Is DeFi? Guide to Decentralized FinanceWhat Is DeFi? Guide to Decentralized Finance
What Is DeFi? Guide to Decentralized Finance
 
MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group
MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy GroupMRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group
MRHB DeFi Expands Asia Presence with Strategic Investment from Sinofy Group
 
DeFi : The Future of Finance
 DeFi : The Future of Finance DeFi : The Future of Finance
DeFi : The Future of Finance
 
Trends in DeFi
Trends in DeFiTrends in DeFi
Trends in DeFi
 
What is DeFi ? | Decentralized Finance
What is DeFi ? | Decentralized Finance What is DeFi ? | Decentralized Finance
What is DeFi ? | Decentralized Finance
 
Paras_maheshwari-MBFI.pdf
Paras_maheshwari-MBFI.pdfParas_maheshwari-MBFI.pdf
Paras_maheshwari-MBFI.pdf
 
DeFi- Decentralized Finance
DeFi- Decentralized FinanceDeFi- Decentralized Finance
DeFi- Decentralized Finance
 
DEFI DEVELOPMENT COMPANIES.pdf
DEFI DEVELOPMENT COMPANIES.pdfDEFI DEVELOPMENT COMPANIES.pdf
DEFI DEVELOPMENT COMPANIES.pdf
 

More from MarcusColin

More from MarcusColin (20)

CONTENT MARKETING
CONTENT MARKETINGCONTENT MARKETING
CONTENT MARKETING
 
SOCIAL MEDIA MANAGEMENT
SOCIAL MEDIA MANAGEMENTSOCIAL MEDIA MANAGEMENT
SOCIAL MEDIA MANAGEMENT
 
INDUSTRIAL PRESSURE WASHING DETROIT, MI.pptx
INDUSTRIAL PRESSURE WASHING DETROIT, MI.pptxINDUSTRIAL PRESSURE WASHING DETROIT, MI.pptx
INDUSTRIAL PRESSURE WASHING DETROIT, MI.pptx
 
SOCIAL MEDIA MANAGEMENT
SOCIAL MEDIA MANAGEMENTSOCIAL MEDIA MANAGEMENT
SOCIAL MEDIA MANAGEMENT
 
SOCIAL MEDIA MANAGEMENT.pptx
SOCIAL MEDIA MANAGEMENT.pptxSOCIAL MEDIA MANAGEMENT.pptx
SOCIAL MEDIA MANAGEMENT.pptx
 
Why Build Websites Using WordPress.pptx
Why Build Websites Using WordPress.pptxWhy Build Websites Using WordPress.pptx
Why Build Websites Using WordPress.pptx
 
Martina's Art Collection At Worldwide Gallery- Insel Island Artwork
Martina's Art Collection At Worldwide Gallery- Insel Island ArtworkMartina's Art Collection At Worldwide Gallery- Insel Island Artwork
Martina's Art Collection At Worldwide Gallery- Insel Island Artwork
 
How To Help Someone With Depression
How To Help Someone With DepressionHow To Help Someone With Depression
How To Help Someone With Depression
 
Doctorate Of Philosophy.pptx
Doctorate Of Philosophy.pptxDoctorate Of Philosophy.pptx
Doctorate Of Philosophy.pptx
 
Tablet Repair Near Me.pptx
Tablet Repair Near Me.pptxTablet Repair Near Me.pptx
Tablet Repair Near Me.pptx
 
fix2U’s I Phone Screen Replacement.pptx
fix2U’s I Phone Screen Replacement.pptxfix2U’s I Phone Screen Replacement.pptx
fix2U’s I Phone Screen Replacement.pptx
 
Learn More About Our iPhone Repair.pptx
Learn More About Our iPhone Repair.pptxLearn More About Our iPhone Repair.pptx
Learn More About Our iPhone Repair.pptx
 
Albuquerque Website Design Company.pptx
Albuquerque Website Design Company.pptxAlbuquerque Website Design Company.pptx
Albuquerque Website Design Company.pptx
 
iPhone Screen Replacement.pptx
iPhone Screen Replacement.pptxiPhone Screen Replacement.pptx
iPhone Screen Replacement.pptx
 
Trustee Loans.pptx
Trustee Loans.pptxTrustee Loans.pptx
Trustee Loans.pptx
 
Construction Loans.pptx
Construction Loans.pptxConstruction Loans.pptx
Construction Loans.pptx
 
I phone screen repair
I phone screen repairI phone screen repair
I phone screen repair
 
Space dudes nft
Space dudes nftSpace dudes nft
Space dudes nft
 
Why build websites using word press
Why build websites using word pressWhy build websites using word press
Why build websites using word press
 
The freakn fit team
The freakn fit teamThe freakn fit team
The freakn fit team
 

Recently uploaded

Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
daisycvs
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
daisycvs
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
vineshkumarsajnani12
 

Recently uploaded (20)

JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTSJAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR  ESCORTS
JAJPUR CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN JAJPUR ESCORTS
 
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
Quick Doctor In Kuwait +2773`7758`557 Kuwait Doha Qatar Dubai Abu Dhabi Sharj...
 
Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableNanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165Lucknow Housewife Escorts  by Sexy Bhabhi Service 8250092165
Lucknow Housewife Escorts by Sexy Bhabhi Service 8250092165
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service AvailableCuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
Cuttack Call Girl Just Call 8084732287 Top Class Call Girl Service Available
 
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book nowPARK STREET 💋 Call Girl 9827461493 Call Girls in  Escort service book now
PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptxQSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
 
Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1Katrina Personal Brand Project and portfolio 1
Katrina Personal Brand Project and portfolio 1
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
KALYANI 💋 Call Girl 9827461493 Call Girls in Escort service book now
KALYANI 💋 Call Girl 9827461493 Call Girls in  Escort service book nowKALYANI 💋 Call Girl 9827461493 Call Girls in  Escort service book now
KALYANI 💋 Call Girl 9827461493 Call Girls in Escort service book now
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...
Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...
Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...
 

Hyperfund decentralized finance

  • 1.
  • 2. Decentralized finance is an open source technology that reaches disintermediation through decentralized layers and the elimination of centralized intermediaries in order to improve the current financial system in all aspects, emphasizing the core tenets of openness, fairness and connectivity. Take cross-border payment as an example, when a person remit money to a person in another country, they usually need to find a financial institution to complete the payment task, but it will charge a certain fee in return.
  • 3. However, DeFi (Decentralized Finance) app disintermediates the entire remittance process by sending digital money directly from his/ her wallet to the payee without the need for a financial institution intermediary service. DeFi has many different financial applications, including payments, debit and credit, stable coin, tokenisation and decentralized exchanges, and can create a new generation of financial system.
  • 4.
  • 5. HyperFund has constructed a DeFi ecosystem that will provide a completely decentralized financial infrastructure for all digital currency users. HyperFund will devote itself to developing quality blockchain projects, lead the strategic direction of Fintech, and aims to make more contributions to the blockchain industry.
  • 6. HyperTech Group has launched the HyperFund – Ogilvy Plan to build a DeFi (Decentralized Finance) ecosystem. The aim is to provide a holistic decentralized financial infrastructure. Ryan Xu, also known as the Martian, is the Chief Consultant of HyperTech Group, and will be heavily involved in the project.
  • 7.
  • 8. HDAO is the platform token of decentralized autonomous organization HyperDAO, and is currently listed on OKEx and Hoo. It was lauded as one of the top projects of 2020, which was why it was selected as the official token of the HyperFund platform. Based on distributed bookkeeping and blockchain technology, HyperDAO will build a financial service ecological platform integrating DeFi applications such as decentralized stablecoin, community crowdfunding, wallet, cloud exchange, market prediction and asset management.
  • 9. Based on distributed bookkeeping and blockchain A decentralized stablecoin An ecological financial service platform integrated with DeFi applications HDAO will be the token powering the HyperDAO ecosystem. Application scenarios will gradually increase and there will be not only a multiplication of wealth, but also a symbol of success in the future.