What is the total supply of dForce (DF) coins?

dForce offers a suite of decentralized financial (DeFi) services, with its native DF token being utilized for governance, staking rewards, and platform transaction fees.

Jan 02, 2025 at 04:28 pm

Key Points:

• dForce is a decentralized lending platform on Ethereum and Binance Smart Chain.
• DF is the native token of the dForce ecosystem, used for governance, staking, and transaction fees.
• The total supply of DF coins is 1,000,000,000.

What is dForce (DF)?

dForce is a suite of DeFi products, including a lending platform, a stablecoin (USX), and a yield aggregator (Lendf.Me). It allows users to borrow, lend, and stake crypto assets in a decentralized manner.

Role of DF Token in the dForce Ecosystem

The DF token plays a crucial role in the dForce ecosystem, serving multiple functions:

• Governance: DF holders can participate in the governance of dForce by voting on proposals related to the platform's development and operations.
• Staking: DF can be staked to earn rewards and support the security of the dForce ecosystem.
• Transaction Fees: DF is used as the transaction fee currency for all operations on the dForce platform.

Total Supply of DF Coins

The total supply of dForce (DF) coins is 1,000,000,000. This supply is fixed and cannot be increased or decreased.

Distribution of DF Coins

• Seed Sale: 13%
• Private Sale: 17%
• Community Pool: 15%
• Team and Advisors: 15%
• Foundation: 20%
• Ecosystem Development: 20%

FAQs

• Q: What is the maximum supply of DF coins?
  A: The maximum supply of DF coins is 1,000,000,000.
• Q: What factors affect the price of DF coins?
  A: The price of DF coins is influenced by various factors, including the demand for DF within the dForce ecosystem, the overall cryptocurrency market sentiment, and macroeconomic factors.
• Q: Where can I buy DF coins?
  A: DF coins can be purchased on various cryptocurrency exchanges, including Binance, Huobi, and FTX.
• Q: Can I mine DF coins?
  A: DF coins are not minable. The total supply is fixed, and new tokens cannot be created through mining.
• Q: What is the current circulating supply of DF coins?
  A: The current circulating supply of DF coins is approximately 400,000,000.