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Introduction to dForce (DF) coin issuance price and quantity

dForce, a decentralized lending platform, launched its DF token in February 2020 with an initial issuance price of $0.1 and a total token supply of 1,000,000,000.

Dec 31, 2024 at 02:51 pm

Introduction to dForce (DF) Coin Issuance Price and Quantity

dForce is a decentralized lending platform that allows users to borrow and lend cryptocurrencies. It offers a variety of DeFi products and features, including leveraged yield farming, flash loans, and fixed income products with synthetic exposure to traditional investments such as real estate, indices, commodities, bonds, and fiat currencies.

dForge issues DF token which serves as a utility and governance token.

Token Issuance Details:

Token Issuance Price: $0.1
Total Token Supply: 1,000,000,000

Key Points:

Initial Token Launch: dForce's DF token was initially launched through a public sale in February 2020.
Token Distribution: Out of the total supply, 30% was allocated for the public sale, 20% for the team and advisors, 20% for protocol incentives and partnerships, 20% for the ecosystem treasury, and 10% for future investors. The token distribution vested over time, with the longest vesting period extending until 2024.
Token Utility: DF token holders are entitled to participate in the governance of the dForce protocol. They can vote on proposals related to the protocol's development, treasury management, and other important decisions. The platform also has a buyback and burn mechanism, where a portion of the platform's revenue is used to buy back DF tokens from the market and burn them, thereby reducing the overall supply.
Token Value: The value of DF token is determined by the forces of demand and supply in the market. It is influenced by factors such as the overall cryptocurrency market conditions, the performance and adoption of the dForce protocol, the token's utility and governance rights, and the supply and demand dynamics of the token.

Frequently Asked Questions:

Q1: What is the minimum investment required to participate in DF token issuance?
A1: The minimum investment requirement for the initial DF token sale was not specified publicly.

Q2: How many DF tokens can be purchased per person?
A2: The individual purchase limit for the public DF token sale was also not publicly disclosed.

Q3: When was the DF token first listed on exchanges?
A3: DF token was first listed on exchanges in February 2020, shortly after its public sale.

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