When was the dForce (DF) coin issued?

The dForce (DF) coin, the native token of the dForce DeFi platform, was issued on November 26, 2020, through an IEO hosted by OKEx Jumpstart.

Jan 04, 2025 at 07:37 pm

When was the dForce (DF) coin issued?

Key Points:

• Launch Date: November 26, 2020
• Initial Exchange Offering (IEO): OKEx Jumpstart
• Circulating Supply: 199,970,616 DF
• Initial Token Price: $0.30

Article Content:

Background:

dForce is a decentralized finance (DeFi) platform that provides a suite of financial products, including lending, staking, and yield farming. The DF coin is the native token of the dForce ecosystem.

Launch and Initial Exchange Offering (IEO):

• The DF coin was launched on November 26, 2020, through an IEO on OKEx Jumpstart.
• The IEO raised $25 million, with approximately 83 million DF tokens sold at a price of $0.30 per token.
• The funds raised were primarily used to develop the dForce platform and expand its product offerings.

Circulating Supply:

• The total supply of DF coins is 1 billion.
• The circulating supply is currently approximately 199,970,616 DF, representing about 20% of the total supply.
• The remaining DF coins are held by the dForce team, investors, and strategic partners.

Tokenomics:

• DF is a governance token that grants holders voting rights on platform upgrades and proposals.
• DF can be used for staking, which allows holders to earn rewards by locking their tokens.
• DF is also used as a payment medium within the dForce ecosystem, including fees for using lending and staking services.

FAQs:

Q: What is the purpose of the DF coin?

A: The DF coin is the native token of the dForce DeFi platform. It is used for governance, staking, and as a payment medium within the ecosystem.

Q: Where can I buy DF coins?

A: DF coins are available for trading on various cryptocurrency exchanges, including Binance, OKEx, and Huobi Global.

Q: What is the future of the DF coin?

A: The future value of the DF coin is dependent on the success and adoption of the dForce platform. As the DeFi market continues to grow, the demand for DF coins may increase if dForce becomes a leading provider of DeFi products and services.