DeFi Coin And DeFi Swap Rebranding For Post-FTX Era, DEX Now Lists 92 Crypto Assets – Here’s What You Need To Know

Wednesday, March 1, 2023 – DeFi Coin (DEFC) and its sister decentralized exchange DeFi Swap recently went through a rebranding process, receiving new logos and websites. The update comes as the ecosystem adds 15 new coins to its trading offering.

Launched on May 10th, 2021, DeFi Coin is the native token of DeFi Swap.

The DeFi Coins ecosystem is a community-driven decentralized environment that is at the forefront of developing algorithmic crypto trading strategies.

DEFC token holders can earn returns from reflections, access automated liquidity pools and benefit from the manual burn program.

Stakers can earn rewards of up to 75% APY if they choose to lock their holdings for 365 days.

DEFC returns are backed by transaction income, not shady algorithms

Furthermore, there is no complicated algorithm supporting dividend payouts.

Instead, the transparent protocol taxes transactions at a rate of 10% and proceeds are split 50:50 between the DEFC/BNB liquidity pool and DEFC holders, underpinning the income stream for stakers.

This means that simply by ‘hodling’ DEFC tokens, each holder will receive a portion of the reflections proportional to the amount of total stash each token holder has.

DeFi Coin’s static rewards program solves the problem of short-termism by incentivizing long-term ownership and accumulation of DEFC tokens.

There are now 92 tokens available on DeFi Swap to swap against 11 different common bases for trading pairs including DEFC, WBNB, WETH, USDC, USDT and BUSD.

Additionally, DeFi Swap currently offers four core plans with attractive yields for farming DEFC:

Bronze: 30 days – 30% APY

Silver: 90 days – 45% APY

Gold: 180 days – 60% APR

Platinum: 365 days – 75% APR

DeFi Coin fits perfectly into a post-FTX world

The DeFi space can be broadly divided into three application types: decentralized exchanges (DEXs), lending protocols, and yield farming.

In practice, the DeFi coin includes all three, which makes it such an enticing prospect for those looking to enter the DeFi space and harness the capital growth potential of this coin.

At its peak in Q1 2022, DeFi sector protocols had a combined total value (TVL) of around $200 billion.

But despite the advent of crypto winter and a series of major hits to the crypto industry, such as the failure of the Terra ecosystem and the FTX exchange, the DeFi industry has remained remarkably resilient.

The TVL in the DeFi sector is now $48 billion, three times higher than at the start of 2021.

Indeed, it could be argued that DEXs like DeFi Swap will be the main beneficiaries of the FTX collapse as traders become more cautious when it comes to transactions on centralized exchanges.

More broadly, all of finance is vulnerable to disruption from decentralized networks that dispense with the need for trusted third-party intermediaries and all the comparative inefficiencies and costs that come with them.

DeFi Swap and the DEFC token are at the forefront of this wave of innovation.

DeFi coin price could see 30x gains from here

The DEFC price surged to an all-time high of $4.00 on July 19, 2021 before retreating to $1.12 the following week.

DEFC is currently at $0.0334.

The risk-reward upside potential after such a dramatic decline that saw the coin lose more than 90% of its value means that the current alignment of forces is every buyer’s dream.

Setting a price target that could see DEFC trade back above $1 at a 30x profit is not unrealistic.

With plans for NFTs and a growth-focused swap-earn-farm-stake ecosystem, DeFi Coin and DeFi Swap are excellent vehicles for getting a share of the lucrative returns that DeFi offers.

DEFC is a BNB Smart Chain compatible token and can be bought on Bitmart or Pancakeswap.

Interested parties can participate in the ambassador and referral programs and earn bonuses by helping promote DeFi Coin.

DeFi Coin smart contract is verified by Solid Proof.

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