New milestone for DeFi newcomer DeFi Coin (DEFC): From July 18, investors can deposit DEFC on the crypto exchange BitMart, from July 20, DEFC will then be fully listed on BitMart. After listing on the decentralized exchange Pancakeswap a significant step for the DeFi project. Either way, the development of the coin seems to be progressing rapidly, because DEFC can now also be found on the crypto information portal Coingecko.
DeFi Coin reaches new milestone
The DeFi Coin project is progressing quickly: A few weeks ago, DeFi Coin was launched in advance, followed a short time later by the first listing on a centralized exchange, the Vietnamese Exchange Vindax.com.DEFC is also available for exchange on Pancakeswap, the popular decentralized exchange on the Binance Smart Chain. Since then, the coin has enjoyed healthy growth and was able to increase its price considerably.
So now the listing on BitMart. This gives investors another option to buy DEFC. Those who already own DeFi Coin can now deposit their tokens with BitMart from July 18. And just one day later, from July 19, investors will be able to exchange and trade DeFi Coin for Tether. Withdrawals will then be activated from July 20th.
The BitMart listing is only the beginning: The team behind the DeFi Coin protocol plans to list the project in the top 10 of the largest exchanges soon, and a CoinMarketCap listing is also announced for the third quarter of 2021.
What is DeFi Coin (DEFC)?
DeFi Coin is a new project in the field of decentralized finance (DeFi). DEFC wants to build its own DeFi ecosystem and also integrate its own decentralized exchange into the portal. The DEFC platform wants to offer users added value through various aspects: On the one hand, it is planned to inform about decentralized finance on the platform.
In addition, 390 DeFi coins should be available for exchange on the decentralized exchange of the portal. More tokens will follow in the future, the team promises. In the fourth quarter of 2021, the community app will be completed for both iOS and Android. According to the developers, this will be the heart of the DeFi-Coin project and, for example, contain comprehensive reviews of all DeFi-Coin projects. Simply put, the DeFi-Coin project aims to become a comprehensive point of contact for all possible aspects of the fast-growing DeFi sector.
What is DEFC used for?
DEFC, the project’s native token, is expected to play an important role within the ecosystem. Using the low-cost Binance Smart Chain, DEFC offers three features: static rewards, automatic liquidity pools, and a manual burning strategy. Background: All DeFi-Coin transactions are taxed at 10%. Those who already hold DeFi Coin will then receive 5% of this fee. The other 5% is used to provide liquidity on decentralized exchanges.
Simply put: If a user sells his DeFi Coins( DEFC) or exchanges them for another cryptocurrency, existing DEFC holders benefit from it, as a fee of 10% is due each time. And 5% of this will be paid pro rata to all DEFC owners. Another advantage over other cryptocurrencies such as Bitcoin is the combustion mechanism. As a result, DeFi Coin tokens are regularly destroyed (“burned”), which makes DEFC less common and therefore more valuable.
Here you can download the DeFi Coin Whitepaper and learn more about the DeFi project.
Last updated on July 15, 2021
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