DFYN Whitelist for Polkastarter IDO is Now Open: Round 1

Dfyn Network
6 min readApr 29, 2021

We are excited to announce the beginning of the whitelisting phase for DFYN token’s public distribution process on Polkastarter! The IDO is scheduled to take place on Polkastarter on May 10, 2021.

As we move towards the next step of making $DFYN tokens available to our community through an IDO on Polkastarter, we would like to take the opportunity to thank each and every one of our supporters and community members for believing in Dfyn.network since the beginning.

Polkastarter IDO Whitelisting Details

- Date : May 10, 2021

- Public raise (in USD) : $305,500

- Ticker : $DFYN

- Price per token : $0.094

- Total amount of tokens on sale : 3,250,000

- Allocation per person (in USD) : $300

To ensure the distribution of Dfyn tokens in a fair and transparent manner only whitelisted users will be able to participate in the IDO. Anyone that wants to participate in the token distribution process must register their interest by submitting the whitelisting form. Please note that even after getting selected to the whitelist — it is important that you show up on time with funds ready to participate in the IDO as the IDOs on Polkastarter are First-Come-First-Serve.

There will be two whitelists; this is the first one which is targeted towards Dfyn Exchange Liquidity Providers, #dfyn meme contest participants, $ROUTE holders, and AMA winners. You should participate in this round if you want to participate in the whitelisting round by providing liquidity on Dfyn exchange — a multi-chain DEX initially based on Polygon network, or by participating in the meme contest, or by virtue of being a $ROUTE holder or by just asking a great question in AMA. 300 whitelisting slots have been reserved for this first whitelisting round.

Please note that the first round is a NON-POLS round which means you do not need POLS to participate in the first round. The second round will be targeted towards POLS holders only.

Breakdown of whitelisting spots & timings for the first round are as follows:

200 whitelisting slots: Dfyn Liquidity Providers

60 whitelisting slots: $ROUTE holders

30 whitelisting slots: AMA winners

10 whitelisting slots: Dfyn Meme competition

Start Date & Time : 29 April 5:00 PM GMT (Thursday)

End Date & Time : May 4 3:00 PM GMT (Tuesday)

The second round will have a much larger number of whitelist slots but it will be open to POLS holders only. The second round of whitelisting will start on 1st May at 3:00 PM GMT (Saturday).

Users can apply in both the round of whitelists but will get selected in only one of the rounds.

Dfyn Liquidity Provider Participation

Dfyn in its current form is a L2 exchange live on Polygon Network. 200 slots for Polkastarter whitelist are reserved for Dfyn Liquidity Providers. You can view the current exchange stats here: https://info.dfyn.network.

A snapshot of liquidity providers on Dfyn will be taken on 4th May at 1:00 PM GMT and the top liquidity provider wallets from the list of participants who apply for the whitelist will be selected.

Out of these 200 whitelist spots, a part of it will be reserved for the liquidity providers who were Dfyn liquidity providers before this announcement and another part will be for those who will be the top liquidity providers at the snapshot time. The ratio is still being decided, and we will touch more on this subject in a new post.

You can provide liquidity on Dfyn AMM on any pair, those looking to avoid impermanent loss can think of providing liquidity on stablecoin pairs like USDT/DAI. We will not discriminate against any pair while selecting the top liquidity providers for the whitelist. Our formula would be to calculate the USD value of liquidity providers who participate in this whitelist and reward the top ones with the whitelisting spot. You can also provide liquidity to Dfyn by participating in the DFYN galaxyfarm, where liquidity provision for any pair, including Route/ETH, farms 11 tokens on the Polygon network.

Please make sure you apply in this whitelist using the same ERC20 address which is being used to provide liquidity on the Dfyn AMM.

Dfyn Meme Competition Participation

10 whitelisting slots have been reserved for the #dfyn meme competition. Participation in this is rather simple. All you have to do is create a nice (funny/informative/catchy) meme for $DFYN and share it on Twitter by tagging Dfyn’s Twitter handle (@_Dfyn) and hashtag: #dfynnetwork #pols. Our meme selection council will pick the best memes and reward them with 10 whitelists.

Please ensure that you have submitted your entries before 4th May at 1:00 PM GMT.

ROUTE holder participation

60 whitelisting slots have been reserved for $ROUTE holders. 60 $ROUTE holders will be selected from the list of whitelist applicants and they will be awarded the whitelist slots. The number of $ROUTE tokens in the wallet should be at least 100.

A snapshot of $ROUTE holders on Ethereum and Polygon network will be taken on 4th May at 2:00 PM GMT and 60 random wallets who apply to the whitelisting will be offered the whitelisting slots.

AMA Winners

30 slots for whitelisting will be given in various AMAs to the participants who ask the best questions. Make sure you participate in all the AMAs to maximize your chance of winning a whitelist via this route. You can stay up to date on our AMA schedule by following our Telegram announcement channel.

The Whitelisting Form

The form is accessible here: https://form.jotform.com/211152786454053 and will close on 10 May at 3:00 PM GMT. The form is for the first whitelisting only. There will be a new form that will be shared for the second whitelist.

Users will need to complete these steps:

  • Confirm email address, name, and country of residence
  • Provide a valid ERC-20 address
  • Following Dfyn on Twitter
  • Follow Polkastarter on Twitter
  • Join the official Dfyn Telegram group
  • Join the Dfyn Announcements channel
  • Tweet about the Dfyn IDO on Polkastarter using hashtags $Dfyn, $POLS, #IDO, #Dfyn
  • Provide Liquidity to any Dfyn AMM pool, or
  • Participate in the meme competition or,
  • Be a $ROUTE holder

List of countries not allowed to participate in the IDO:

United States of America, Cuba, North Korea, Timor-Leste, Cambodia, Laos, Tanzania, Serbia, Tunisia, Uganda, Mali, Pakistan, Afghanistan, Somalia, Zimbabwe, Congo, Malawi, Mozambique, Crimea, Kyrgyzstan, Uzbekistan, Turkmenistan, Burundi, South Sudan, Sudan (north), Sudan (Darfur), Guinea-Bissau, Kosovo, Iran, Iraq, Libya, Syria, Ethiopia, Yemen, Sri Lanka, Ukraine, Belarus, and Venezuela

⚠️ Warning ⚠️

❗️ There is NO information available regarding the $DFYN smart contract address at this time. Beware of scammers and fake addresses❗️

❗️ DFYN team members will NEVER DM you ever about anything!❗️

❗️$DFYN will not be available until the Polkastarter IDO on May 10❗️

⚠️ Warning ⚠️

Join the DFYN Telegram for official information regarding the IDO and the $DFYN token https://t.me/Dfyn_HQ

About Dfyn

Dfyn is a multi-chain AMM DEX currently functional on the Polygon network. Dfyn nodes on various chains act as liquidity entry and exit points into the cross-chain liquidity super mesh that is being enabled by Router Protocol.

Website: https://www.dfyn.network/

Telegram: https://t.me/Dfyn_HQ

Twitter: https://twitter.com/_DFyn

Telegram Announcements: https://t.me/dfynofficial



Dfyn Network

Dfyn is the world’s first on-chain limit order DEX. It combines the power of an RFQ matching engine with a concentrated liquidity AMM.