DFYN Network (DFYN) Token. What is it, how to buy and price?

Next in Cryptoshitcompra.com we will talk about DFYN Network (DFNY) Token, a project that is in full growth and that in this article we will explain it to you 100% and we will also explain how to buy DFYN Token.

Mission and vision of Dfyn Network (DFYN) Token

Vision

Achieve an inclusive DeFi ecosystem powered by a fairer, cheaper and more accessible multi-chain MMA.

Mission

In what clearly looks like a multi-blockchain future, we are committed to establishing an ecosystem comprising trustless decentralized exchange (DEX) alongside an ultra-fast automated market maker (AMM) that is optimized for the blockchain universe. multiple. By building a thriving multi-chain ecosystem, our mission is to bring in the next wave of crypto users in the DeFi world.

Dfyn ecosystem

Multi-chain DEX

With Dfyn nodes spread across multiple Layer 1 and Layer 2 blockchains, Dfyn will act as a multi-chain DEX. This will allow Dfyn to connect to a supermesh of liquidity, allowing users to seamlessly transact assets across multiple blockchains from a single interface. Dfyn will also build a decentralized exchange station to natively exchange large assets like BTC, ETH, ADA without custody.

Multi-chain gasless AMM

An ultra-fast gasless AMM optimized for the multi-blockchain universe, Dfyn AMM will address traditional AMM issues such as non-permanent loss, as well as provide enhanced analytics for operators.

Router Protocol Dfyn will use the Router Protocol cross-chain bridges to allow seamless communication and value transfer between different Dfyn nodes.

Future scope

Dfyn as a cross-chain DEX Currently a multi-chain DEX, Dfyn will evolve to a cross-chain DEX in the near future, where users will be able to trade on any blockchain network, say Ethereum from any other blockchain network Let’s say BSC. For example, a user with $ 2000 in his Ethereum wallet will be able to buy 1 Ether in BSC using Dfyn. With so many users in the industry familiar with the AMM caral, it is critical that all new chains support an AMM-based DEX and Dfyn offers exactly that. Dfyn AMM will be able to serve both types of operations: the user can limit their operations to fill within a single chain or the user can also explore operations of multiple chains. All within the same user interface.

Layer 2 launchpad

Moving forward, we plan to release the Layer 2 launch pad, the first of its kind, which will allow creators to:

  • Throw tokens in multiple chains
  • Enroll in Dfyn
  • Start farming and vesting games without code tools
  • Participation contracts in Dfyn
  • Undertake creatively designed layer 2 IDO strategies in the absence of high ETH fees

Dfyn Network Features:

Blockchain Agnostic

Dfyn seeks to build an independent blockchain ecosystem that works perfectly well with all underlying blockchain technologies. What this essentially means is that users can use Dfyn’s DEX in coalition with any blockchain network of their choice. Dfyn will also host a node execution platform where blockchain evangelists will be able to run their own Dfyn node on the blockchain for passive income from fee collection.

Transparent

Using Dfyn will be completely transparent. Users will be able to see what is happening “under the hood” every time they interact with the protocol. Additionally, Dfyn’s smart contracts and code base will eventually become completely open source.

Ultra fast

By using Layer 2 blockchains like Matic (now Polygon) and xDAI on top of Layer 1 blockchains, Dfyn ensures that your transactions take place instantly.

High liquidity

By joining multiple Layer 1 and Layer 2 blockchains, Dfyn ensures high liquidity in its ecosystem. In the event that a particular blockchain network has low reserves of an asset, Dfyn will still ensure the liquidity of the asset for users on that blockchain by securing the desired asset from any of the various Dfyn nodes implemented on other blockchains.

Better user experience

By enabling zero gas transactions and intelligent order routing, Dfyn will ensure a much better user experience compared to current Layer 1 DEXs. Transaction costs will be a small fraction of costs on the Ethereum network and transactions will be at least 10 times faster.

Read also Vee Finance (VEE) Token What is it, how to buy and price?

DFYN architecture:

four main components of Dfyn’s broader architecture are:

  • Dfyn nodes: Nodes present in multiple Layer 1 and Layer 2 blockchains that act as AMMs.
  • A network of bridges: router’s interchain liquidity protocol (XCLP) forms a network of bridges between isolated Dfyn nodes present on different blockchains. This concept can be better understood with the help of the following analogy: the Dfyn nodes can be considered as distant cities and the Router as the highway that connects this city, thus facilitating the free movement of vehicles (in this case, assets) from anywhere. one city to another.
  • ParaRouter: Each chain that has a Dfyn node on it will have a bridge contract known as ParaRouter implemented. In case of cross-chain asset transfers, the ParaRouter can lock a stablecoin and broadcast an event that can be picked up by the listener associated with the Central Route to take action.
  • Central router: It is the center that listens to the event in ParaRouters, validates them and forwards the event for further processing to the destination chain.

DFYN TOKEN HOW IT WORKS:

  • Dfyn as DEX operation of Dfyn as DEX is quite similar to that of Uniswap. However, unlike Uniswap, where users can only trade Ethereum-based assets, users of the Dfyn exchange will be able to trade assets over multiple blockchains.
  • Dfyn as AMM node Whenever a user request is received for a particular asset exchange on a particular blockchain, the Dfyn AMM node requests the Router to traverse not only the same blockchain but also through different blockchains and their MMAs to fulfill the order at the correct prices with the least slippage. For example, let’s say Router finds a better ETH / USDT price somewhere on Solana’s blockchain rather than Uniswap on Ethereum, so Router will try to fill that Solana order.

How does Dfyn guarantee transactions without gas?

Our partnership with Biconomy and our integration of metatransactions ensures that all transactions on the Dfyn network remain gasless for the Polygon network.

Tokenomics DFYN Token:

ASSIGNMENTS

TOKEN%

VESTING

Rewards fund

30.00%

Based on mining / agricultural initiatives

Ecosystem background

17.45%

Unlock 3% in THE followed by the linear concession over a period of 1.5 years

Partners and advisers

15.00%

Unlock 10% on day 180 followed by linear consolidation for 2.5 years

NFT Airdrops

2.25%

Unlock for Community Initiatives

Liquidity

Provision fund

4.00%

Unlock 10% on THE followed by 5% every month for 18 months

Team

15.00%

Unlock 10% on day 180 followed by linear consolidation for 2.5 years

Seed

7.50%

Unlock 5% on THE followed by linear concession over a 15-month period

Private sale

7.50%

Unlock 20% on THE followed by 20% quarterly for four quarters

Public sale

1.30%

Fully unlocked on day 0

DFNY Token Utility:

Dfyn’s native utility token, the DFYN token, will play a crucial role in the functioning of the Dfyn ecosystem. DFYN token is expected to have multiple uses:

  • Governance DFYN token holders will be able to use their tokens to participate in the governance of Dfyn by voting on Dfyn’s proposals regarding protocol modifications and updates. Although the details regarding the voting mechanism have yet to be finalized, the votes of each holder are expected to be compared to the number of DFYN tokens they own.
  • Revenue sharing A competitive fee of 0.3% is charged for each transaction performed at Dfyn. Of this commission, 0.25% is distributed to liquidity providers in proportion to their contribution to the liquidity pool, while the remaining 0.05% is paid to the DFYN treasury for gas buybacks and subsidies.

Actual state

  • Dfyn’s DEX and AMM current version of the Dfyn exchange (exchange.dfyn.network) is a turbocharged Uniswap that offers free, ultra-fast and gas-free transactions. current iteration supports Polygon and OKExChain.
  • Router Cross-Chain Liquidity Protocol (XCLP) testnet version of the Router XCLP is available at testnet.routerprotocol.com. testnet currently allows users to trade assets such as USDT, USDC, DFYN, ROUTE, and DAI between the Ethereum (Kovan) and Polygon testnets.

RoadMap DFYN:

August 2021

  • Dfyn nodes in other chains: BSC, Polka, Avalanche
  • Launch of the cross-chain IDO platform (L2)
  • Integration with Router Aggregator

July 2021

  • Cross-chain credit market tools to enable seamless cross-collateralization and cross-chain lending
  • Launch of Prediction Markets in Dfyn

June 2021

  • Token Dfyn as collateral on platforms
  • Dfyn node in OKExChain

May 2021

  • Participation in individual assets / non-permanent loss coverage
  • TVL reaches ~ $ 250M within 7 days after TGE
  • Launch of Pre-Staking and Popular Farms
  • TGE listing in UniSwap L1 / Dfyn L2

March 2021

  • GalaxyFarm crossed $ 2 million in TVL in one day
  • AMM enhancements
  • L2 farm that yields 5 tokens for each pair of liquidity

January 2021

  • Spacefarm’s one-week agricultural sprint on L1 exceeded $ 3 million TVL
  • Integrated metatransactions
  • Zero gas costs for users

September 2020

  • Development begins
  • Launch the beta AMM exchange on Polygon

Introduction to prediction markets

We are delighted to announce the launch of Prediction Markets on Dfyn Exchange. Our recently introduced prediction markets will allow users to predict whether the price of an asset will rise or fall in the next 15 minutes.

se products have existed and been actively traded in traditional financial markets, we are finally bringing binary prediction markets to Polygon. Dfyn’s mission is to make DeFi more accessible to the masses and we are starting with one of the simplest financial instruments in the world.

DFNY Terminology:

  • Bull ↑ Predicting that the price of an asset will increase.
  • Bear ↓ Predict that the price of an asset will decrease.
  • Payout Expected returns on the initial amount locked in the market. When there is a live round, users will be shown the expected payout for both positions. However, only those who correctly predicted the direction of the price would be paid.
  • Locked price price of the asset when a round is triggered. It serves as a reference price to determine whether the market has risen or fallen.
  • Prize Pool Total Chips locked in a particular round.
  • Closed Price price of the asset at the end of a round.

Rounds

Prediction markets are divided into rounds that stay live for 15 minutes. Each round is further classified into three phases:

  • 1) Next phase: During this phase, users can enter their position, that is, bullish or bearish.
  • 2) Live Phase: During this phase, the fixed price is set and participants can monitor the live movements in the MATIC price. At the end of the live phase, a snapshot of the MATIC price will be taken and compared to the locked price. rewards will be distributed based on whether the closing price is higher or lower than the locked price.
  • 3) Overdue phase: When the live phase comes to an end, the round is marked as overdue.

How to participate in prediction markets

To participate in the Dfyn Exchange prediction markets, visit this link.

Entering your position for the next round

Step 1) Before entering a prediction market round, you need to check how much time is left in the current round.

If the timer is too low, your prediction may not be confirmed in time, so check that there is still plenty of time left before making a prediction (30 seconds should be sufficient). In case your prediction is not confirmed in time, it will automatically carry over to the next round.

Step 2) Select Bull or Bear depending on whether you think the price of MATIC will increase or decrease.

You can check the payout for each position before deciding which position to take. However, the payment may change before it is activated.

Step 3) Enter the amount of MATIC you wish to deposit and click on Place bet.

Step 4) Confirm the transaction in MetaMask.

In times of network congestion, transactions can take place very slowly, which could cause your position to carry over to the next round. To avoid this, participants are advised to manually increase the price of gas.

Congratulations! You have successfully entered your position in the prediction markets.

Checking the entered position

Once the transaction has been confirmed successfully, your entered side (either Bull or Bear) will be shown to you.

However, to see how much you have wagered, you can do one of two things:

Option 1: Hover over the check mark on the card.

Option 2: Click on the human-shaped icon at the top right and you can see your entered position by expanding the top row.

Claiming your winnings

Step 1) Click on the human-shaped icon at the top right.

Step 2) If you won the round, you will be shown a “Collect” button. Click on that button to collect your winnings.

Step 3) Confirm the transaction in MetaMask to receive your earnings.

View your profits and losses

To see your profit and loss, go to the “NLP” tab of the history. Here you can get detailed statistics regarding your performance in the prediction markets, including how many rounds you have won / lost, your net profit / loss, your average. return per round and much more.

Claim unclaimed earnings

You may have forgotten to claim your winnings from previous rounds. Don’t worry, you can still claim your winnings later. To do that, you can click on the “No Charge” tab. All rounds where your winnings were not claimed will be shown to you.

How to buy DFNY Network (DFNY) Token With Gate.io ?

first thing we have to do is create an account in Gate.io if we do not have one, so here is the link: Gate.io Registration.

STEP 1 TO BUY DFNY Network (DFNY) Token:

first thing will be to register in Gate.io if you are not already, so here is the registration link: Register GATE.IO

Once we are registered and with everything verified, we have to buy USDT to exchange it for DFNY Token and since it cannot be purchased with a card at Gate.io, at least in Spain, we will use Binance to buy it and transfer it to Gate.io.

To buy USDT on Binance we will use the same method as buying ETH in the uniswap tutorial, but we simply buy USDT instead of ETH.

STEP 2 TO BUY DFNY Network (DFNY) Token:

Once with our USDT we have to transfer them to Gate.io and for this we have to go to our Gate.io Wallet and click on “Deposit” to deposit the USDT.

By clicking on “Deposit” it will take us to the next page, in which we have to select the currency we want to deposit (USDT) and choose the TRON network.

We copy the address and go to the Exchange where we have the USDT, in our case it is Binance and we give it to withdraw, we have to paste the address that we copied before and choose the amount to withdraw.

And that’s it after a while we will have our USDT in Gate.io.

STEP 3 TO BUY DFNY Network (DFNY) Token:

Now we have to enter Gate.io and hit the market, and then hit “Professional”

Now we have to search for “DFNY” in the search engine and we will select the “DFNY / USDT” pair.

Once we give “DFNY” we go to the bottom right and put the amount of DFNY that we want to exchange for USDT.

We give you to buy and that’s it, we already have it in our Gate.io Wallet.

DFNY Network (DFNY) Token Live Price:

  • You can see it in Gate.io

OFFICIAL WEB

more

Related Posts

© 2024 Cryptocoin Budisma.net