DeversiFi DEX Announces New Token and Airdrop

2021-3-27 16:54

DeversiFi, a layer 2 DEX backed by Bitfinex, ConsenSys, and Ledger, has announced a new governance token and airdrop.

DeversiFi Token Expected Later This Year

DeversiFi, previously Ethfinex, has introduced DeversiFi Token (DVF), an ERC-20 governance token for its scalable DEX built on StarkWare.

DeversiFi Token (DVF) will have a total supply of 100 million, according to the token contract address shared in the official blog post.

The team says it would give out ~50% of the token supply as rewards to liquidity miners and traders to incentivize adoption.

The new DVF tokens will need to be staked on the DEX to acquire governance voting rights and be eligible for a share of fees. The DEX fees will be divided between token holders and liquidity providers.

Interestingly, DVF is not the first token for the project. Up until now, Nectar Token (NEC)–the native token of DeversiFi’s governance body Nectar DAO–has been used.

NEC tokens were, however, highly concentrated between a few large holders–Bitfinex, DeversiFi, and others controlled more than 90% of the token supply.

Thus the team agreed to issue a new community-driven governance token to replace NEC tokens. This time, the team ensured the majority of its token supply is reserved primarily for the community.

This includes liquidity mining incentives and an airdrop for both previous and future DEX users, the team informed.

“Community is more about where you will go in the future together. That’s why DVF token is designed with 50%+ of supply allocated to future community, users, and liquidity incentives,” wrote Will Harborne, CEO of DeversiFi.

As for existing NEC token holders, only 7% of the DVF tokens will be distributed based on a snapshot taken on Mar. 25. However, this will exclude Bitfinex, DeversiFi founders, and a few other large NEC holders.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

DEX (DEX) на Currencies.ru

$ 0 (+0.02%)
Объем 24H $0
Изменеия 24h: 2.03 %, 7d: 12.49 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0160468 (-100%)

airdrop token new dex announces deversifi

airdrop token → Результатов: 126


Фото:

VeChain (VEN) Token Swap on Mobile Wallet Ongoing and a Betting DApp Chooses The Platform

Binance was the first platform to publicly announce that it would be supporting the VeChain (VEN) token swap to VeChain Thor (VET) back in late June. The exchange would then complete the procedure on the 25th of July this year that was accompanied by a 100 Million VTHO Airdrop gift to all the Binance holders […] The post VeChain (VEN) Token Swap on Mobile Wallet Ongoing and a Betting DApp Chooses The Platform appeared first on Ethereum World News.

2018-8-10 13:34


Фото:

It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop!

NEO, one of the main blockchain projects in China, has joined forces with ONT to carry out a significant Airdrop to increase not only the volume but also the number of users of both cryptos. Yesterday, the official NEO blog announced that NEO token holders are going to receive $40 million worth of ONT tokens on […] The post It’s Free! NEO and ONT Join Forces for a Second Round of a 40M USD Airdrop! appeared first on Ethereum World News.

2018-7-13 20:01


2M pass Token Air Trap for Likkey Blockpass Taps Infinito, Hitbtc, gmarkin Listings

In the lead-up to PASS token’s listings on Lykke, HitBTC and Gatecoin exchanges, Blockpass (http://www.blockpass.org) is conducting an airdrop of 2 million PASS tokens, starting 12 July. The airdrop is being implemented through Blockpass’ joint venture partner Infinito Wallet – a versatile, top level multi-currency wallet. Infinito will have an airdrop link on the wallet

2018-7-11 14:36