dForce (DF) coin issuance price, total amount and white paper introduction

Issued at $0.05 per token, the DF coin serves as dForce's native crypto for transactions on its lending, borrowing, and staking platform.

Jan 04, 2025 at 03:58 pm

Key Points:

• dForce (DF) is a decentralized finance (DeFi) platform that offers a range of products and services, including lending, borrowing, and staking.
• The DF coin is dForce's native token and is used to pay for transactions on the platform.
• The DF coin has a total supply of 1 billion tokens.
• The DF coin was issued at a price of $0.05 per token.
• The DF white paper provides a detailed overview of the platform and its tokenomics.

Issuance Price:

The DF coin was issued at a price of $0.05 per token. The issuance price was set in a private sale that was held in July 2020. The private sale raised $5 million from a number of institutional investors.

Total Amount:

The DF coin has a total supply of 1 billion tokens. Of this total supply, 50% was distributed to the dForce team and contributors, 25% was allocated to the community, and 25% was reserved for future development.

White Paper Introduction:

The dForce white paper provides a detailed overview of the platform and its tokenomics. The white paper explains dForce's mission, team, and technology. It also discusses the DF coin's use cases and tokenomics.

Use Cases:

The DF coin has a number of use cases on the dForce platform. These use cases include:

• Paying for transactions: The DF coin can be used to pay for transactions on the dForce platform, such as lending, borrowing, and staking.
• Staking: The DF coin can be staked to earn rewards. Staking helps to secure the dForce network and also gives holders the right to vote on the platform's governance proposals.
• Governance: The DF coin gives holders the right to participate in the governance of the dForce platform. Holders can vote on proposals that affect the platform's development and operation.

Tokenomics:

The DF coin has a number of tokenomics features that are designed to ensure its stability and value. These features include:

• Limited supply: The total supply of DF coins is limited to 1 billion tokens. This limit helps to ensure the coin's scarcity and value.
• Token burn: dForce regularly burns a portion of the DF coin supply. This helps to reduce the supply of coins and increase their value.
• Staking rewards: Staking DF coins earns rewards. These rewards are paid out in DF coins and help to incentivize holders to stake their coins.

FAQs:

What is dForce?
dForce is a decentralized finance (DeFi) platform that offers a range of products and services, including lending, borrowing, and staking.

What is the DF coin?
The DF coin is dForce's native token and is used to pay for transactions on the platform.

What is the total supply of DF coins?
The total supply of DF coins is 1 billion tokens.

What is the issuance price of the DF coin?
The issuance price of the DF coin was $0.05 per token.

Where can I buy DF coins?
DF coins can be purchased on a number of cryptocurrency exchanges, including Binance, Huobi, and OKEx.