first deflationary token
which can also be staked!
Every address-to-address transaction reduces the amount of tokens involved in that transaction at a rate of 2%. With a live ecosystem, this results in the scarcity of the token, increasing its value, and discouraging people from selling it.
Token holders will be able to stake their tokens on Ethereum Network first. This feature will be enabled on Polkadot Network as well at a later development stage.
Defiance is a community-focused project, where each team member equally endeavors to make this initiative successful and beneficial for the community.
Throughout the development of the project, a governance model will be implemented to enable the community members to decide on the evolution of the project.
High liquidity with locked funds
In case the hard cap is reached during the sale, 2205 ETH – 1,500,000 DEF will be pooled. If the hard cap is not reached, ~48% of the ETH collected from the sale will be added as liquidity to the Uniswap Pool. In any case, the funds in the pool will be locked. This approach will eliminate the potential of a rug pull and it will provide a smooth trading experience with a low slippage rate.
Passive income opportunity for Defiance stakers
With the deflationary nature of the DEF token, 1% of the tokens in each transaction get burnt, while the remaining 1% of the tokens get distributed amongst the stakers. DEF token holders will enjoy some additional perks with the future collaborations that are in the pipeline.
️It’s basically a deflationary token with a staking feature. Elaborating on this, one can say that it is a DAO that will provide many benefits to its holders in the future with a unique governance model.
We aim to be a DAO, not just a deflationary token. We are working hard to be one of the important cross-chain DAOs shortly. Also, we have cooperation plans such as implementing our governance model to different products.
Polkadot Network is one of the most robust platforms in the cryptosphere due to its security, speed, flexibility, and working capacity between different networks. In this context, Polkadot Network will provide great potential for the project.
The exact migration date will be clarified. Technical competencies and requirements are currently being studied.
Yes, there are measures taken for such situations. We are currently unable to share these methods not to create any security vulnerabilities.