DeFiChain is a blockchain protocol with the vision to enable decentralized finance with Bitcoin-grade security, strength and immutability. The market cap is $98,813,341 and the 24h volume is $3,054,622.
- What is DeFiChain?
DeFiChain is a decentralized blockchain platform specifically dedicated to enable fast, intelligent, and transparent decentralized financial services, accessible by everyone, everywhere.
Running on a proof-of-stake consensus mechanism, it features proven security and immutability by anchoring its most recent Merkle root to the Bitcoin blockchain every few minutes.
The platform also features unparalleled high transaction throughput for all transactions, and reliable decentralized governance, on and off-chain.
DeFiChain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market.
In Q4 2020 DeFiChain is launching a Liquidity Pool, a DEX, and wrapping of tokens. This will lead to a new avenue of Yield Farming!
Further features of the blockchain include Decentralized: Pricing Oracles, Transferable Debts and Receivables, Non-Collateralized Debt, Asset Tokenization, and Distribution of Dividends
DeFiChain is 100% a community project. Only with joined efforts can we make it to become one of the most significant and most important blockchains in the world.
- Who is the team behind DeFiChain?
The DeFiChain Foundation is located and incorporated in Singapore as a company limited by guarantee (resembling a foundation structure).
The foundation is led by highly experienced blockchain experts Dr. Julian Hosp (chairman), and U-Zyn Chua (CTO), who are early adopters and contributors to the Bitcoin and Dash ecosystems.
- What's the initial token distribution of DeFiChain?
There was no ICO or IEO.
DFI tokens were listed on exchanges for sale by the Foundation.
There were airdrops to the community in May 2020.
A further airdrop to BTC holders is planned for Q3 2020.