What is DEFI Token? What makes De.Fi projects special?

1. WHAT IS DE.FI 

De.Fi is a Web3 SocialFi and Antivirus Superapp that helps users track their investment portfolios. The platform makes it easy for users to control their digital assets with a suite of innovative tools, backed by a team of experienced professionals.
The De.Fi project provides three main components for users:

• Dashboard: A page that helps users manage their assets, warn of risks, and take preventive measures.
• Security Toolkit: A set of tools that helps users effectively control their security.
• Audits: De.Fi provides audits from auditors based on their Audit Database, as well as details of protocol hacks and exploits on any protocol supported on the De.Fi Rekt Database.

The project has a TVL of approximately $26 billion and tracks over 8,000 contracts. The platform has 261 active protocols, 36 networks, over 1,000 tokens, over 40 member groups, and attracts at least 3,000 active users.

Outstanding statistics of De.Fi | Source: De.Fi

2. FEATURES OF DE.FI

2.1. Portfolio

De.Fi platform allows users to manage their assets, including staking and liquidity provision easily. Simply enter the asset you want to track, and you will receive a detailed report on its price, profit/loss, project overview, and your trading history.

De.Fi Portfolio | Source: De.Fi

2.2. Transactions

This feature allows you to view all of your transactions, organized by type and data. Access important information at a glance, including timestamps, currency involved, the amount traded, and protocols used.

2.3. Deposits

This feature helps you better monitor your staked funds and identify potential profit opportunities.

2.4. NFT

Allows you to trade NFTs and earn profits from this type of asset

2.5. Explore Yields

This feature helps you find the best investment and farming opportunities in De.Fi by aggregating protocols across over 20 chains, including non-EVM chains.

3. DE.FI PRODUCT

3.1. Manage

• Dashboard

The dashboard is a comprehensive solution for cross-chain asset management. It provides users with a single view of their assets across multiple blockchains, as well as insights into their risk exposure.

• Crypto market

The crypto market feature provides users with an overview of the prices of all major cryptocurrencies. It also provides a security rating for each token, based on criteria developed by De.Fi. This rating can help users identify tokens that are at a higher risk of being hacked or exploited.

• DIFI Token

The DIFI Token is the native token of the De.Fi platform. It has a maximum supply of 1 billion tokens and is available on the Ethereum and BSC blockchains.

• Launchpad

The launchpad feature allows users to stake DIFI tokens to participate in early-stage DeFi projects.

• Explore Yields

The Explore Yields feature aggregates yield opportunities from across 20 different blockchains. It provides users with recommendations for investment strategies that are tailored to their individual risk tolerance and financial goals. Users can also deposit tokens into DeFi protocols to earn interest.

• Send

The Send feature allows users to send tokens to any other wallet address.

• Swap

The Swap feature allows users to exchange one token for another easily.

3.2. Safe

• Scanner

DeFi Scanner is a smart contract scanning tool that can be used to quickly gather comprehensive analysis of any smart contract on over 10 blockchains. This helps to ensure that the contracts you plan to interact with are safe.

• Shield

Shield is a risk-averse grant system that automatically scans smart contracts for potential security issues. The project has advanced scanning capabilities with over 20 analyzers, over 90,000 contracts scanned, and about 150,000 critical vulnerabilities detected.

• REKT Database

Understand past and present scams with the REKT Database. View detailed reports on the vulnerabilities that these scams exploited, including a tracker of the total amount of money lost.

• Audit Database

This is the world's most comprehensive database of all smart contract audits that have been performed to date. It includes any DeFi audits as well as audits from other major auditing firms such as Quantstamp, PeckShield, Chainsulting, Open Zeppelin, ConsenSys, CertiK, etc.

4. WHAT IS DEFI TOKEN

DEFI Token (DEFI) is the official token in the De.Fi project. This token was listed on the top 7 exchanges on January 31, 2024 at 10:00 AM UTC. These include Bybit, KuCoin, BingX, Gate.io, MAXC, Bitget, and BitMax.

4.1. DEFI Token Price 

De.Fi current price is $ 0.65. The price listed on the 7 exchanges is about $1. The trading volume on Bybit, KuCoin, Gate.io, MAXC, BingX, Bitget, and BitMart exchanges are $4.67M, $4.02M, $1.79M, $1.31M, $772.06K, $583.79K, $190.63K respectively.

The price of DEFI Token | Source: Klarda App

4.2. DEFI Tokenomics

• Token name: De.Fi
• Symbol: DEFI
• Total supply: 1,000,000,000 DEFI
• Max supply: 1,000,000,000 DEFI

4.3. Token allocation

• Marketing budget: 10%
• Early supporters: 3%
• Liquidity provider incentives: 20%
• Community and development funding: 7%
• Reserves: 12%
• Seed round: 10%
• Strategic investors: 8%
• Community: 15%
• Development/team reserves: 15%

DEFI Token allocation | Source: De.Fi

4.4. DEFI Token Use Cases

• Governance: DEFI token holders can participate in the governance of the De.Fi ecosystem by voting on proposals that affect the development and direction of the platform. This could include proposals to change the fee structure, add new features, or allocate funds from the De.Fi treasury.
• Staking: DEFI tokens can be staked to earn rewards. Staking involves locking up your tokens in a smart contract for a certain time. In return for staking your tokens, you will earn interest or other rewards. Staking helps to secure the De.Fi network and provides liquidity for the platform.
• App Discount: DEFI holders can take advantage of discounts on any De.Fi service, including the multi-harvesting service.  
• Exclusive Chat Access: DEFI holders get access to some of our private channels, where the most devoted community members can chat with De.Fi team. 
• Partner Benefits: The DEFI token can be used at any liquidity pool run by one of Di.Fi’s partners or at any other relevant DEFI token staking location.  
• Product Access: Some De.Fi platforms offer exclusive features to DEFI token holders. This could include access to audit database, Rekt database, approvals page and smart contract scanner.

5. DE.FI TEAM 

The project brings together a team of experienced experts including Artem, Reed, Denys, Ivan, Dan, Mykhailo, etc.

De.Fi team | Source: De.Fi

6. INVESTORS

The investors include leading funds such as HOF Capital & Fenbushi, leading exchanges such as OKX & Huobi, and angels such as Justin Lee from Coinbase Ventures and John Izaguirre, former Binance Chain Director.

All investors for De.Fi | Source: De.Fi

7. ROADMAP

2023

• Become the first anti-virus software in the cryptocurrency industry.
• Reach 1,000,000 De.Fi socialfi subscribers.
• Complete a mission worth 100,000 USD.
• Organize Web3 security conference.
• The first security system on CoinMarketCap.
• Attract 5,000,000 Unique De.Fi users.

2024

• Complete the IDO and TGE token events.
• Integrates more than 750 DeFi protocols.
• Ecosystem development

8. IS DEFI TOKEN A GOOD INVESTMENT?

It is still too early to conclude whether DEFI is a good token or not. However, we can see the potential of this project to receive huge investment with the total raised to $18.5 million. 
Regarding features and tools to help users analyze and manage assets, DEFI also presents itself as a viable Web 3 project for long-term investment. To make an informed investment assessment, stay up to date on DEFI's news.