How much is the circulation of dForce (DF) coins?

As of February 2023, the circulating supply of dForce's native cryptocurrency, DF, stands at approximately 215 million tokens, having grown steadily since the project's genesis block distribution in December 2020.

Dec 31, 2024 at 02:52 am

Key Points:

• Overview of dForce (DF) and its native cryptocurrency, DF
• Current DF circulation and historical changes
• Factors influencing DF circulation

Article:

1. Introduction to dForce (DF)

dForce is a decentralized lending platform that provides a range of financial services in the cryptocurrency space, including lending, borrowing, and stablecoin issuance. Its native cryptocurrency, DF, serves as a governance and utility token within the dForce ecosystem.

2. DF Circulation

As of February 2023, the circulating supply of DF is approximately 215 million tokens. This represents a significant increase from the initial 100 million DF tokens created during the project's genesis block distribution in December 2020.

3. Historical Changes in DF Circulation

The DF circulation has grown steadily since the project's launch, with intermittent increases primarily due to incentives for participation in the dForce ecosystem and various upgrades and enhancements. In addition, the DF token distribution schedule has contributed to the gradual increase in circulation over time.

4. Factors Influencing DF Circulation

Several factors influence the circulation of DF:

• Incentivization for Ecosystem Participation: The distribution of DF tokens to active users, liquidity providers, and governance participants encourages engagement and fosters the growth of the dForce ecosystem.
• Protocol Upgrades: Upgrades to the dForce protocol, such as the introduction of new features or enhancements to existing ones, may result in an increase in DF issuance to support the expanded functionality of the platform.
• Community Governance: The dForce community has the authority to propose and vote on changes to the project's parameters, which may include the issuance or burning of DF tokens to align with evolving needs and objectives.

FAQs

Q: What is the total supply of dForce (DF) coins?
A: The total supply of DF coins is 1 billion.

Q: How is the distribution of DF tokens determined?
A: The distribution of DF tokens is orchestrated through a combination of incentives for ecosystem participation, protocol upgrades, and community governance decisions.

Q: Where can I buy DF coins?
A: DF coins are primarily listed on cryptocurrency exchanges. A selection of exchanges that offer DF trading includes Uniswap, FTX, and Kraken.