The tide of DeFi coin issuance may start: before the launch of COMP, the skyrocketing price, and then the exchange "strongly launched" DF
Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), Author: Helen, published with permission.
Babbitt Information (ID: bitcoin8btc)
Babbitt Information (ID: bitcoin8btc)
, Author: Helen, published with permission.
Recently, the DeFi projects have been very lively. Before the launch of COMP, DF was listed on the exchange, and both projects skyrocketed by nearly 400%. Yang Mindao, the founder of dForce, told Babbitt that DF will release the white paper within two weeks, so stay tuned. It is foreseeable that the issuance of DeFi projects will become a trend in the second half of this year.
Market: The dForce token DF went online soared nearly 400%
On June 20, the decentralized currency protocol dForce token DF was launched on several exchanges, including HBTC, MXC, Whale Exchange, ZT, and Newdex. According to the ZT data market, the opening price of DF was 0.2 USDT, and the highest rose to 1 USDT, an increase of 399.75%.
According to the data of Feixiaohao, up to now, DF has fallen back to 0.3 USDT, a 24-hour drop of 41%, with a turnover of 262,217 USDT.
From the perspective of circulation ratio, DF’s trading volume in MXC accounts for 80.8%, HBTC’s trading volume accounts for 18.74%, and another 0.47% of its trading volume is in Whale Exchange. Huge spread.
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Exploration: dForce borrows the heat or the exchange is stronger?
dForce is a blockchain-based decentralized finance (DeFi) and currency protocol platform that provides the underlying infrastructure for open financial applications. The first to be launched is the USDx protocol, an index-based USD stablecoin protocol.
As the token of DeFi products, why did DF choose to go online on the centralized exchange? Is this the will of dForce or the will of the exchange?
In this regard, Yang Mindao, the founder of dForce, told Babbitt: "All of them are listed on the initiative of the exchange, including dex. So far, the project party has not participated in the secondary market in any way. It is not that we want to be listed on the exchange, but that we are listed on the exchange. So there is no question of borrowing heat.”
It is worth noting that on April 15 this year, dForce announced that it had obtained financing of 1.5 million US dollars. At that time, news reports stated that “the financing method was to sell the platform’s native utility token DF.” On the 19th of the same month, dForce’s decentralized lending agreement Lendf.Me was hacked, and encrypted digital assets worth about 25 million U.S. dollars were stolen by hackers. Fortunately, 48 hours later, all the stolen funds were recovered. But we can't help but guess, is there a lock-up period for investors' tokens? Is the listing on the exchange caused by the pressure of investor funds to withdraw?
The total amount of DF, issuance method, destruction method, distribution method, etc. are also a mystery. In response to the above questions, Yang Mindao, the founder of dForce, did not give a positive reply. He told Babbitt that it will be disclosed in the white paper and released within a week or two.
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