Get up to $200 for getting started
Coinbase Logo

Keep an eye on DEFFECT

Get instant alerts for major price changes.

About DEFFECT

Deffect, or decentralized financial effects, is an automated market maker (AMM) with several key characteristics that makes it valuable and affects the economic and financial markets worldwide. The platform aims to upgrade and improve the delivery standards of the DeFi ecosystem while creating a fairer, transparent, and secure transaction network. Subsequently, users can support the platform through the DEF token, based on interaction assessments and control mechanisms through smart contracts on the Tron blockchain.

According to its whitepaper, Industrial Revolution 4.0 has led to an explosive growth of the internet and is changing the world rapidly while bringing about economic and social changes. However, the introduction of blockchain technology has changed the economic models and social relations. Thus, to be fair and transparent, the Deffect platform focuses on core community operations: Deffector (community that owns the DEF token value), trades, transfers, staking, play, deposit, and borrow.

Traditional financial systems, along with the blockchain and decentralized trading platforms, and other portfolios, all assist traders in managing and holding their money. Hence, with the help of the Deffect Sharing Benefit (DSP) platform, users get a share of the fees from traders and any transaction done on Tron's algorithm.

Next, Deffect is also a non-custodial decentralized money market protocol where users can participate as depositors (Deffect dep) or borrowers (deffect loan). The Deffect ecosystem also intends to apply a new business model called the “Deffect Ternary model” that helps the platform distribute the model benefits back to the shareholders to maintain the network.

Further, Deffect’s NFT Marketplace platform allows users to create their own NFTs, trade freely, and bid on the NFT products through a friendly and easy-to-use interface. Users can also connect to the Tronlink wallet, create an account, and start minting the NFTs they want using the mining App.

DEF is the native token used to decentralize and diversify the management of the Deffect protocol. DEF is a Tron-based TRC-20 token verified under the Proof of Stake (PoS) consensus of transactions. The protocol creates decentralized governance through DEF tokens that promote coupling and participate in the effect protocols. Moreover, DEF tokens holders can interact with ecosystems that generate good value and help the platform add liquidity to the existing Deffect pools.

The Deffect ecosystem was founded and developed by the DEF Foundation. The company plans to issue nine hundred million DEF tokens.

Market

Spain Market Stats

Market cap

Not enough data

Volume (24h)

Not enough data

Circulating supply

Not enough data

All time high

Not enough data

Price change (1h)

+100%

Price change (24h)

+100%

Price change (7d)

+100%

Spain News about DEFFECT

BeInCrypto • May 02, 24

Morgan Stanley Chief Executive Leaves for Crypto

Former Morgan Stanley COO Jeremy Huff embraces blockchain's potential in new role at blockchain VC No Limit Holdings.The post Morgan Stanley Chief Executive Leaves for Crypto appeared first on BeInCrypto.

Read more

News Article Image

Decrypt • May 02, 24

PayPal Expands Crypto Offerings With MoonPay Integration

PayPal has linked up with MoonPay to offer its millions of users access to over 100 cryptocurrencies

Read more

News Article Image

The Block • May 02, 24

MoonPay integrates PayPal to allow US users easier access to crypto purchases and sales

MoonPay and PayPal announced today that users in the U.S. can now buy and sell more than 110 cryptocurrencies with PayPal.

Read more

News Article Image

CoinDesk • May 02, 24

Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App 'Kiosk'

Mirror and Paragraphs are rivals in the Web3 publishing space, and their deal allows Mirror's team to operate as an independent company focused exclusively on social media.

Read more

News Article Image

CoinDesk • May 02, 24

TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval

Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi's sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting big investors.

Read more

News Article Image

The Defiant • May 02, 24

Solana Launches GameShift API on Google Cloud

Solana has steadily deepened ties with Google Cloud since onboarding the company as a validator in November 2022.

Read more

News Article Image

Related Assets

Discover conversions

A selection of conversions from different assets to top cryptocurrencies.

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to DEFFECT in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

DEFFECT is on the rise this week.

The price of DEFFECT has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. DEFFECT’s price has also risen by 100.00% in the past week.

FAQ

What is the current price of DEFFECT?

We update our DEFFECT to EUR currency in real-time. Get the live price of DEFFECT on Coinbase.

What other assets are similar to DEFFECT?

Assets that have a similar market cap to DEFFECT include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

Can I buy DEFFECT on Coinbase?

No, DEFFECT is not currently available on Coinbase, but you can sign up to get the latest news on DEFFECT and be notified when it gets added to our exchange.