DefySwap DEX & DFY Liquidity Launch

New dex on Fantom with limit orders and a CEX-style UI. The dex will be launching at this time with liquidity for their DFY token, which is their governance token and entitles holders to a percent of trade fees.

DETAILS

• Total supply: 10,000,000 DFY
• IDO price: $0.45 in USDC
• $450 max per wallet
• Allocation:
  • $90,000 DFY @ $0.45 each, 200,000 DFY in total are available for this public IDO
  • The homepage says 1,000,000 DFY was minted for the presale(s) in total
  • Their whitepaper says 1,600,000 was preminted for the presale, with 700,000 for the seed round, 700,000 for the private round and 200,000 for the public IDO
• They say they have conducted seed round and private sales “behind the scenes” but we are unable to find the price paid for those rounds; the whitepaper and Medium says they are vested with a daily release over 12 months
• 4.9% tax on every DFY trade
  • 4% to a burn vault, the burn vault releases all accumulated DFY to be “minted” again via farming when the last of the 10,000,000 DFY is minted (in approximately 2 years)
  • 0.4% to the team and marketing
  • 0.5% to the Impermanent Loss Protection vault (ILP reimburses liquidity providers who experience impermanent loss)

Public IDO December 9.

Farming goes live on December 11.