GeeAkpan

Dec 9, 2021

2 min read

Dfyn Exchange to burn $DFYN Tokens

The mother of all burns is about to take place. The Dfyn token, $DFYN is experiencing a 20% quantity rebase and this is taking place across all the categories in the tokenomics. The total supply was 250 million and it will be reduced to 200 million as the 50 million tokens will be burnt across all categories. These categories of the ecosystem are listed as follows:

1. Ecosystem fund

2. Partners & Advisors

3. NFT Airdrops

4. Liquidity Provision Fund

5. Team

6. Seed

7. Private sale

The listed above will experience a reduction in their token by 20%. The exempted category is the Public sale because it has already been concluded. The Dfyn Exchange will be burning more tokens than its current circulating supply and this burn is scheduled to take place on the Ethereum network by sending $DFYN tokens to the burn address on December 1at 1pm UTC.

Investors had vesting duration which was increased to support long term project performance. In the combination of the rebase and vesting delay, this will ensure a reduction of almost one-third of the inflation in the project tokenomics that is maintaining the value of the token and this increased vesting period will enable users and investors to join in the walk as it is moved forward to a cross-chain exchange and launch the integration with Router Protocol’s XCLP to enable cross-chain swap.

To learn more about Dfyn, visit the following social media platforms:

Website: https://www.dfyn.network/
Twitter: https://twitter.com/_Dfyn
Telegram: https://t.me/Dfyn_HQ
Discord: https://discord.gg/yjM2fUUHvN
Telegram Announcements: https://t.me/dfynofficial
Docs: https://docs.dfyn.network/