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What Is DeFi100 (D100)?
In 2020, decentralized finance (DeFi) was the fastest-growing segment in the cryptocurrency market. DeFi100 (D100) is a synthetic index fund protocol and a rebase project on the Binance Smart Chain (BSC). It is a pseudo-stable cryptocurrency managed via a so-called rebase that takes place every day.
It was designed to reflect the capitalization of and to serve as an investment vehicle for the entire DeFi market. It can also be used as a speculative asset by traders.
DeFi100 presale took place in the last week of February 2021 on the BSC AMM Launchpad.
Who Are the Founders of DeFi100?
DeFi100 claims to be the first rebase project on(https://twitter.com/search?q=%23BinanceSmartChain&src=hashtag_click)the Binance Smart Chain. It was launched by Wrapp3d, a group of developers who design and adopt synthetic assets. Their main goal is to introduce indices and tradable assets to the crypto token economy. The team works anonymously.
What Makes DeFi100 (D100) Unique?
DeFi100 is a digital asset with a capitalization that is based on the total DeFi industry market cap at the ratio of 1:100 billion.
The process of rebasing takes place when the spot price of DeFi100 is not in balance with its target price. Rebase can be positive (the spot price is above the target price, so the token supply expands to lower the spot price) or negative (the spot price is below the target price, so the token supply decreases).
The D100 token is pegged to the value of the total DeFi market cap, which changes every day. The role of the rebase function is to keep DeFi100 pegged to the DeFi market cap.
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How Many DeFi100 (D100) Coins Are There in Circulation?
The D100 token follows a pattern of elastic supply. The rebase function is used regularly to achieve a balance between the spot price and the target price.
DeFi100 was launched with a circulating supply of 2,500,000 tokens. Bidding was available at BakerySwap, and the tokens were distributed immediately after the presale. Added liquidity is locked for 11 months, starting in February 2021.
Of the total D100 supply, 5% was reserved for the team, 25% was allocated to liquidity pool staking and farming, 20% to liquidity mining (of which 8% is the ecosystem reserve and 12% is liquidity) and the remaining tokens were allocated to the public sale.
How Is the DeFi100 Network Secured?
DeFi100 (D100) is a BSC-based BEP-20 token. D100 receives price data using decentralized oracles from the Decentralised Information Asset (DIA). Using these feeds allows D100 to execute rebasing every 24 hours.
Oracles are essential to D100’s operation, as they provide smart contracts with off-chain data, serving as adapters between blockchain and the real world.
Where Can You Buy DeFi100 (D100)?
D100 tokens can be traded on the following exchanges:
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