DeFiScale (DFC) is a blockchain-based project offering fixed-term deposits in USDT or DFC, its native token. It provides daily rewards and targets financial and gambling crypto projects, distinguishing itself from other DeFi projects. The project's investment pool is allocated to new and existing blockchain projects, aiming to generate profits for investors, founders, and affiliates.
DeFiScale (DFC) is a utility token used within the DeFiScale ecosystem. It is generated by a smart contract to ensure security and is listed on multiple exchanges to provide users with potential profit opportunities when the price rises. The token is used for bonuses and discounts in projects that DeFiScale invests in, primarily in the gambling and financial industries.
To store DeFiScale (DFC) tokens securely, it is recommended to use a "Cold Wallet." There are two types of cold wallets:
Paper Wallet: This involves generating public and private keys offline and printing them on a piece of paper. The keys are in the form of QR codes, which can be scanned for future transactions. Store the paper in a secure location.
Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person with the USB drive can access the assets. Hardware cold wallets are preferred for storing large numbers of coins or tokens.
To buy DeFiScale (DFC) tokens, you can follow these steps:
Find a Reliable Centralized Exchange: Look for a trustworthy centralized exchange where DeFiScale (DFC) is listed. You can refer to Coinmarketcap for a list of exchanges that support DFC.
Create an Account: Sign up for an account on the chosen exchange, following their registration process.
Deposit Funds: Deposit the necessary funds (fiat or cryptocurrency) into your exchange account.
Search for DFC: Look for DeFiScale (DFC) in the exchange's market listings.
Place an Order: Place a buy order for the desired amount of DFC tokens.
Store Your Tokens: Once you have purchased the tokens, ensure you store them securely in a cold wallet, such as a paper wallet or a hardware wallet, to minimize the risk of hacking or loss.
Please note that DeFiScale (DFC) is not currently listed on any cryptocurrency exchanges, so you may need to wait until it becomes available or explore alternative methods such as Over-the-Counter (OTC) trading, which carries higher risks.
DeFiScale (DFC) is a blockchain-based project that offers staking coins, including USDT and DFC, for a definite period of time. The project's strength lies in its well-diversified, stable, and safe investment portfolio, which focuses on trusted and profitable gambling and financial projects identified and verified by DeFiScale's experts with vast experience in financial and capital markets.
DeFiScale's ICO launched on May 31, 2021, and ran until May 31, 2021, raising $2,700,000. The project's token, DFC, is used for bonuses and discounts in the projects that DeFiScale invests in.
The project's total supply is 2,099,999,999 DFC, with a maximum supply of 400,000,000 DFC. DeFiScale is currently ranked as the #17931 cryptocurrency by market cap.
DeFiScale's investment pool is used to initiate or join crypto projects to generate profits for founders, investors, staking clients, and affiliates. This project is an innovation in the industry of decentralized finances.
The project's community is active on Twitter and Telegram, and its website provides information on the project's whitepaper, team background, tokenomics, and market environment.
DeFiScale (DFC) is a decentralized finance (DeFi) project that operates as an investment pool built on blockchain technology. It offers users multiple staking opportunities with daily fixed rewards, focusing on financial and gambling crypto projects rather than traditional blockchain technology solutions. Here’s how it works:
Investment PoolDeFiScale’s investment pool is allocated to new and existing blockchain projects, primarily in the financial and gambling sectors. This pool is managed by a team of experienced professionals with backgrounds in business, finance, and crypto markets.
Fixed-Term DepositsUsers can invest in fixed-term deposits in either USDT (Tether) or DFC, the native token of DeFiScale. These deposits yield daily rewards, providing a steady income stream for investors.
TokenomicsThe DFC token is the central token within the DeFinder ecosystem, serving as a dynamic connector for various services and games on the TON blockchain. It enhances every interaction and transaction within the platform, increasing its utility and significance as DeFinder expands.
Partnerships and ListingsDeFiScale has been listed on several exchanges, including CoinDeal, and has strategic partnerships with companies like ShadowBit, a crypto-based online casino. These partnerships expand the DeFinder ecosystem and provide additional opportunities for users to benefit from the project.
Security and TransparencyDeFiScale ensures security through blockchain technology, which enables secure, decentralized transactions. The project also maintains transparency through a well-defined roadmap and a streamlined process, with a focus on community engagement and participation.
Community InvolvementDeFiScale encourages community involvement through various means, such as staking opportunities and special promotions. For instance, users can participate in a bonus program by staking the SBC token (ShadowBit project token) for 12 months, which can lead to additional rewards and benefits.
Overall FunctionalityDeFiScale operates as a decentralized investment pool, offering users a chance to invest in fixed-term deposits and earn daily rewards. It focuses on financial and gambling crypto projects, distinguishing itself from other DeFi projects. The project’s native token, DFC, plays a crucial role in the ecosystem, enhancing interactions and transactions within the platform.
The strengths of DeFiScale (DFC) include:
- Diversified Investment Portfolio: DeFiScale invests in a diversified pool of assets related to blockchain projects in lucrative industries such as gambling and finance, ensuring a stable and safe investment environment.
- Staking Rewards: Investors can earn daily rewards in DFC by staking their coins, including USDT and DFC, for a fixed period of time.
- Exclusive Benefits: Ownership of DFC tokens grants various benefits, such as higher interest rates for DFC deposits compared to USDT deposits, and bonuses and discounts in projects that DeFiScale invests in.
- Potential for Value Growth: The value of DFC tokens can increase over time, providing an opportunity for investors to earn from the token's price growth.
These strengths contribute to DeFiScale's innovative approach in the decentralized finance industry.
DeFiScale (DFC) is a cryptocurrency project that operates within the decentralized finance (DeFi) ecosystem. As such, it inherits and may amplify the vulnerabilities of the traditional financial system. The primary financial risks associated with DeFiScale include operational fragilities, liquidity and maturity mismatches, leverage, and interconnectedness.
Operational fragilities arise from the use of novel technological features, such as smart contracts, which can lead to automatic liquidation of collateral and spillover effects. Liquidity and maturity mismatches can occur due to the high degree of structural interlinkages amongst DeFi participants and the potential for non-compliance with regulatory requirements. Leverage and interconnectedness can amplify these vulnerabilities, making the system more susceptible to financial stability concerns.
Additionally, DeFiScale faces risks related to illicit activities, such as money laundering and terrorist financing, which can be facilitated by non-compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) regulations. Cybersecurity risks, including hacks and ransomware attacks, also pose a significant threat to the project.
The extent to which these vulnerabilities can lead to financial stability concerns largely depends on the interlinkages and associated transmission channels between DeFiScale, traditional finance, and the real economy. As DeFiScale grows and becomes more interconnected with the broader financial system, the potential for contagion and threats to financial stability increases.
- DeFiScale (DFC) Team: The team behind DeFiScale (DFC) is not explicitly mentioned in the provided sources. However, it is known that DeFiScale is a blockchain-based project offering investments in fixed-term deposits, including deposits in its own token, DFC.
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