DFYN’s mission is a multi-blockchain future, we are committed to establishing a thriving multi-chain ecosystem that includes a trustless multi-chain decentralized exchange (DEX) coupled with an ultra-fast gasless automated market maker (AMM) which is optimized for the multi blockchain universe. By building a thriving multi-chain ecosystem, our mission is to onboard the next wave of crypto users into the DeFi world.
Team has devised the token distribution to be as fair as possible for all the stakeholders. We believe we managed to strike a balance between providing our partners and investors with a meaningful stake in the system and putting the future of the protocol in the hands of the community.
Let’s find out the detailed breakdown of the $DFYN token allocation and vesting process for each of the stakeholder.
Here’s a detailed breakdown of $DFYN token allocation with the vesting schedule for different stakeholders. To give everyone skin in the game, the majority of the tokens will remain unlocked for at least 3 months. There is a total supply of 250,000,000 $DFYN tokens in the ecosystem out of which only 9,746,250 will be unlocked on day 0 and remaining tokens have a lockup period between 3 months to 2.5 years.
In the Seed Round, there is an allocation of 7.5% of total supply i.e 18,750,000 $DFYN. 5% of 18,750,000 will be released at the time of TGE and the remaining will have a linear vesting of 15 months. The DFYN tokens were sold in the seed round at a price of $ 0.048. This round was mainly subscribed by DeFi project founders who can add long-term strategic value to the project.
In the Private Sale round, there is an allocation of 7.5% of total supply i.e 18,750,000 $DFYN. 20% of 18,750,000 will be released at the time of TGE and the remaining will be released on a 20% quarterly basis. The DFYN tokens were sold in the Private Sale round at a price of $ 0.080.
Out of 250,000,000 tokens 1.3% of total allocation i,e 3,250,000 tokens are allocated on Day 0. The DFYN tokens will be sold in the public sale round at a price of $ 0.094. The IDO will take place on Polkastarter on May 10.
Team ensures the fair and stable distribution of the token rewards in the DFYN ecosystem. In the Reward Pool, there is an allocation of 30% of total $DFYN Tokens i.e. 75,000,000 $DFYN. These tokens will be unlocked based on mining/farming initiatives.
We always wanted to make a huge allocation of $DFYN in the Ecosystem. Therefore we have given the maximum allocation to the Ecosystem. We understand the value of monetary incentives, especially in a community as decentralized as DFYN’s is. In the Ecosystem Fund there is an allocation of 17.45% of total $DFYN Tokens i.e. 43,625,000 $DFYN. 3% of 43,625,000 will be released at the time of TGE and the remaining will have the linear vesting period of 1.5 years.
Partners & Advisors
DFYN Partners & Advisor are very important to the ecosystem. For the Partners & Advisors, there is an allocation of 15% of total $DFYN Tokens i.e. 37,500,000 $DFYN. 10% of 37,500,000 will be released on day 180 and the remaining will have the linear vesting period of 2.5 years.
In the NFT Airdrop there is an allocation of 2.25% of total $DFYN Tokens i.e. 5,625,000 $DFYN. These tokens will be unlocked for community initiatives.
Liquidity Provision Funds
Liquidity is must for the success of the project. Our aim is to create an ecosystem which facilitates movement and actions. In the Liquidity Provision Funds, there is an allocation of 4% of total $DFYN Tokens i.e. 10,000,000 $DFYN. 10% of 10,000,000 will be released at the time of TGE and then 5% monthly unlock for 18 months.
As we have learnt alot from the countless mistakes of DeFi protocols, the team has an allocation of 15% of total $DFYN Tokens i.e. 37,500,00 $DFYN. A 10% of 37,500,000 will be released on 180th day after the TGE and the remaining will have the linear vesting period of 2.5 years. It is always important for us to make a level of trust with the members of the community which is why all the tokens have the vesting period of 2.5 years.
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.
Telegram Announcements: https://t.me/dfynofficial