DeFinity is a decentralised DeFi exchange, specialised to trade traditional and digital FX via smart contracts, with a focus to provide real-time settlement and clearing for spot FX trading.
DEFX is the native utility token that is used for:
* Governance: The governance mechanism of the token will allow token holders to vote on major events and decisions of the future of the exchange and protocol, benefiting the wider community and the nature of the decentralised services.
* Staking and Trading: Staking and participation fees are a central element of the decentralised exchange and protocol. As a network provider and participant, you can select an institutional and retail pool and stake your tokens against the trading pairs and receive a percentage of the network fees from within the trading pair pool and generated via the network and protocol.
* Rewards: Additional rewards are available to token holders. These include trading fee reductions for both Clarity and Clarity Pro, as well as referral programmes for network sign-ups and sign-ins.
DEFX tools include:
* Clarity app: This is the interface for retail investors to participate in DeFinity's FX and digital asset trading.
* Clarity Pro platform: The solution enables professional traders to execute FX trades, monitor PnL and utilise the reporting blotter to send deals to the back-office. The Clarity Pro GUI offers deep liquidity with access to multiple pools resulting in tighter spreads and optimal fill rates.
## How Many DEFX Coins Are There in Circulation?
The DEFX token launched on May 26, 2021 with an initial supply of 8,764,545 DEFX tokens created at genesis. 50% of the supply is allocated to rewards, 27% were offered at token sale, 10% allocated for development and marketing, 10% to the team and 3% to advisors. A vesting schedule is in place for seed investors (10% monthly starting at TGE), private investors ((15% monthly starting at TGE for six month and 10% on the 7th month), development & marketing (1 – 36 months), the team (12 to 36 months), advisors (3 to 12 months) and rewards (1 to 36 months).
How to Buy DEFX on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing DEFX. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing DEFX.
Step 5: Purchase DEFX
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of DEFX you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy DEFX.
Step 6: Store Your DEFX
After purchasing, you can choose to store your DEFX in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and DEFX assets, be sure to use a strong password and enable two-factor authentication.
DEFX Price:DeFinity is a decentralised DeFi exchange, specialised to trade traditional and digital FX via smart contracts, with a focus to provide real-time settlement and clearing for spot FX trading.The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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