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About Defi Coin

The DeFi Swap is a decentralized exchange platform. The platform aims to eliminate the need for users to go to a centralized third party, allowing them to exchange value directly with other market participants. The system is supported by a native digital currency, DeFi Coin (DEFC), to achieve its decentralized goals. The token is primarily used for Reflection, LP Acquisition, and Burn. This coin is based on the Binance Smart Chain and can be transferred from one wallet to another.

According to its website, day trading has the unintended consequence of volatility and huge price swings. To address this, DeFi Coin token holders are encouraged to keep their tokens for a long time; therefore, the holders are rewarded static reflections for holding the tokens. Further, the transactions are taxed at 10 percent. Five percent of this tax amount is distributed to existing DeFi Coin token holders. The remaining 5 percent is used to supply liquidity to decentralized exchange services. Also, users who hold DeFi Coins have the opportunity to receive dividends through a fixed reward structure.

A further important concept to the team at DeFi Coin is an ongoing burning program. The overall supply of tokens is lowered when tokens are burned/destroyed. Particularly, when there are fewer tokens in circulation, the market value of the corresponding digital currency rises as a result. The tokens are burned by sending them to a burn address from where the tokens can never be retrieved back, and they are lost forever.

Moreover, the platform believes that one of the significant obstacles for decentralized exchanges is a lack of liquidity. This is because centralized operators continue to dominate the digital currency trading market. DeFi Coin has taken advantage of Automatic Liquidity Pools to solve this problem. Simply put, users can receive a predetermined rate of return when they deposit their digital currency holdings into Liquidity Pools.

In the platform's roadmap, the platform has already completed a few of its targets like developing and launching the website, getting listed on exchange platforms, the launch of DeFi Swap, etc.

Market

Canada Market Stats

Market cap

-

Volume (24h)

CA$4.08

Circulating supply

-

All time high

CA$0.0017

Price change (1h)

+100%

Price change (24h)

+100%

Price change (7d)

+100%

Canada News about Defi Coin

BeInCrypto • May 02, 24

Solana Launches Gaming API on Google Cloud

Solana Labs teams with Google Cloud, launching the GameShift API to simplify blockchain gaming development, aiming for mainstream adoption with easier tech integration.The post Solana Launches Gaming API on Google Cloud appeared first on BeInCrypto.

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The Block • May 02, 24

Total number of Uniswap wallets more than doubles in the past year

The doubling comes as Uniswap surpassed a historic $2 trillion in cumulative trading volume in early April.

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BeInCrypto • May 02, 24

Top VCs Join EYWA’s Seed Round Led by Curve’s Founder

EYWA, a consensus bridge that secures transactions across multiple protocols, has raised a total of $7 million as it delivers the new era of Web3 interoperability. The investment has been led by Curve Finance founder Michael Egorov — with the project recently attracting two new backers: Fenbushi ...

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The Defiant • May 02, 24

Crypto Markets Bounce After Fed Leaves Interest Rates Unchanged

Bitcoin and Ether are up 4% in the past 24 hours, while Solana has surged 12%.

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Unchained • May 02, 24

Tether’s Record $4.5 Billion Q1 Profit Highlights Its Dominance of the Stablecoin Industry

Tether’s record first-quarter profit is an indicator of its ongoing dominance, stablecoin experts say, keeping the stablecoin issuer in pole position as regulation attempts mount. Though Tether recorded a profit of $4.52 billion in the first quarter, with most of that coming from its gains on its...

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DL News • May 02, 24

Solana surge to $140 shows investors couldn’t care less about the Fed

Hawkish or dovish, for Solana investors, it's still all just gibberish.

Read more

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Defi Coin is on the rise this week.

The price of Defi Coin has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. Defi Coin’s price has also risen by 100.00% in the past week. The current price is CA$0.0017 per DEFC with a 24-hour trading volume of CA$4.08. The new price represents a new all time high of CA$0.0017. This all-time high is the highest price paid for Defi Coin since its launch.

The current circulating supply of Defi Coin is 0 DEFC which means that Defi Coin has as total market cap of 0.

FAQ

What is the current price of Defi Coin?

We update our Defi Coin to CAD currency in real-time. Get the live price of Defi Coin on Coinbase.

What is the market cap of Defi Coin?

The current market cap of Defi Coin is CA$0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Defi Coin?

The all-time high of Defi Coin is CA$0.0017. This all-time high is highest price paid for Defi Coin since it was launched.

What is the 24 hour trading volume of Defi Coin?

Over the last 24 hours, the trading volume of Defi Coin is CA$4.08.

How many Defi Coin are there?

The current circulating supply of Defi Coin is 0.

Can I buy Defi Coin on Coinbase?

Yes, Defi Coin is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Defi Coin guide.