![]() The DAI token doesn’t have any type of scheduled vesting or inflation. That causes the supply and allocation to be dynamic. Allocation & DistributionĭAI tokens are minted by users that store in the collateral. The DAI token has a market cap of around $5.2 billion at the time of writing this article. The minting process is not managed by a centralized organization, as anyone storing collateral can mint DAI tokens. Also, the Decentralized Autonomous Organization keeps the stablecoin overcollateralized to ensure the pegging remains stable. While most decentralized coins did not perform well, DAI has grown in popularity and use by keeping a steady price close to 1 USD. ![]() Ensuring that any interested user can access the platform.The main difference between DAI and the other popular stablecoins is that DAI is fully decentralized and is integrated by hundreds of dApps and is one of the best DeFi investments. The exchange also uses the same charging makers and takers model, often called the “flat fee model.” The fee is 0.05% which is below the global industry average of about 0.25%.īesides, the exchange can be used on Android, iOS, Windows, and Mac devices. VinDAX is a centralized exchange based in Vietnam that trades several types of cryptocurrencies. ![]() This is a major incentive to holders of cryptocurrency. The proceeds from the tax is shared between holders of the token and decentralized exchanges, with 5% shared among holders and 5% to provide liquidity on decentralized exchanges. The motive is to encourage people to hold the DEFC token for a long period and eliminate serious price fluctuations and increased volatility. Thus, turning holders away from trading the token. ![]() Thus, giving value to the tokens held by users.įinally, transactions involving the sale or exchange of DeFi Coin (DEFC) are taxed at 10%. Therefore, with a lesser number of tokens in circulation, there will be an increase in the market value of the tokens left. The program involves burning tokens, which reduces the overall supply. In addition, DeFi Coin has a burn program that shows a potential price increase. Thus, giving users the opportunity to earn passive income similarly to traditional dividend payments. Key Features of the DeFi Coin (DEFC)įirstly, the more users contribute to the liquidity pool, the more rewards they get. Including the automatic liquidity pools, manual burning strategy, and static rewards.Īlthough a native digital token, DeFi Coin (DEFC), is used to carry out these features, the coin can be exchanged amongst users via their wallet. There are also three notable features of DeFi Coin (DEFC) Protocol. Also, the team is working on completing the mobile app (both iOS and Android) by Q4 2021.īesides, DeFi Coin Protocol has started creating a new DeFi ecosystem that will allow users to buy, sell, and trade cryptocurrencies without involving a third party. There are plans towards listing the coin on Coingecko and Coinmarketcap in the next few weeks. The cryptocurrency exchange VinDAX is expected to increase the awareness of DeFi Coin (DEFC) and uplift the adoption of the coin. This is a significant development for DeFi Coin. Vietnam-based centralized exchange, VinDAX, has announced its latest addition, supporting DeFi Coin (DEFC).Īccording to reports, DeFi Coin (DEFC) listing has been approved the coin can be purchased for $0.20 on Vindax exchange, with a total supply of 100 Million DEFC tokens.
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