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What is DFL

Tokens

1. What is DFL?

Introduction to DeFi Land (DFL) Cryptocurrency

DeFi Land is a farming simulation game that operates across multiple chains. The game is free to access, but to unlock the “play-to-earn” feature, users must reach certain levels in the game. Players of DeFi Land can earn money in the following ways:

  1. Crafting: Players can earn tokens through crafting.
  2. Fishing: Players can earn tokens by fishing.
  3. Creating Guilds: Players can create guilds to collaborate with other players.
  4. Trading: Players can earn tokens through trading.
  5. Competing with Other Players: Players can compete with others to earn tokens.

Additionally, DeFi Land features unique NFTs that represent various characters and items in the game.

Use Cases of DFL Token

The DFL token has the following functions within the platform:

  1. Governance: DFL holders can vote on proposals, such as adding new protocols and features to the DeFi Land crypto project.
  2. Staking: DFL holders can generate passive income by staking their tokens.
  3. Rewards: DFL is used to reward activities within the game.
  4. Purchasing In-Game Items: DFL can be used to purchase in-game items, such as various NFTs for customizing the appearance of farmland.

Features of DeFi Land

DeFi Land is somewhat different from most DeFi projects. Instead of creating its own environment from scratch, it aggregates existing protocols. This means that users of DeFi Land can use well-known protocols integrated into one place, including swaps, lending platforms, DEXs, and more.

Founders

DeFi Land was founded by a developer named DFL Erwin in 2021. He currently leads the team. Another leading member of the team is the head of partnerships, who goes by the pen name DFL Will. All members of the DeFi Land team operate under pseudonyms.

Token Economics

The maximum supply of DFL tokens is 9,774,000,000. The distribution of tokens is as follows:

  • Game and staking rewards – 41%.
  • Team and advisors – 21%.
  • Seed sales – 20%.
  • Eco-system – 12.5%.
  • Community incentives – 2.5%.
  • Liquidity – 2%.
  • Public sale – 1%.

2. Who founded DFL?

The DeFi Land (DFL) cryptocurrency project was founded by a developer named DFL Erwin in 2021. He currently leads the team. Another leading member of the team is the head of partnerships, who uses the pen name DFL Will. All members of the DeFi Land team are operating under pseudonyms.

3. Which venture capitalists invested in DFL?

According to the information provided, here are some venture capital institutions and projects that have invested in cryptocurrency and the DeFi (Decentralized Finance) sector:

  1. Distributed Capital: Partnering with Wanxiang Blockchain Lab, Distributed Capital has invested in cryptocurrency projects like Ethereum.

  2. FTX Group: This includes the FTX exchange, crypto quantitative trading firm Alameda Research, and its various investment projects like Solana.

  3. GGV Capital, Lightspeed China, Oxford Capital: These traditional VC firms have started to focus on and invest in the cryptocurrency sector.

  4. Polkadot (DOT): Raised approximately $43 million through ICO, becoming one of the star public chains.

  5. BlockFi: A cryptocurrency lending firm that announced completion of $50 million in financing in August 2020.

  6. Robinhood, Revolut: These companies have raised substantial funds in the CeFi sector.

  7. BitDAO, FalconX, 1inch: These projects raised funds in the DeFi sector, ranking among the top three.

This information suggests that multiple venture capital institutions and companies are actively investing in the cryptocurrency and DeFi sectors.

4. How does DFL operate?

Operation Principles of DFL Cryptocurrency:

  1. Decentralization: DFL is based on blockchain technology, using a distributed ledger system to ensure the security and privacy of transactions.
  2. Anonymity: DFL users can hide their identity through multiple addresses and mixed transactions, enhancing transaction anonymity.
  3. Fast and Low-Cost: DFL transactions are fast and inexpensive, as they eliminate intermediary fees.
  4. Application Scenarios: DFL can be used for global payments, investment management, and decentralized applications (DApps), such as financial contracts and digital identity verification.

Specific Operating Mechanism:

  1. Blockchain Technology: DFL utilizes blockchain technology to achieve secure and reliable peer-to-peer transactions and asset transfers.
  2. Distributed Ledger: DFL's transaction records are stored on a public distributed ledger, ensuring the security and privacy of transactions.
  3. Smart Contracts: DFL uses smart contract technology to implement financial contracts and digital identity verification without the need for trusted third-party intermediaries.

Security:

  1. Non-Custodial: DFL adopts a non-custodial, transparent, public, and decentralized service system to ensure customer safety and reliability.
  2. Security Audits: DFL collaborates with internationally renowned blockchain security auditing firms to ensure the security and reliability of contract code.

In summary, DFL cryptocurrency achieves secure and reliable peer-to-peer transactions and asset transfers through blockchain technology, distributed ledgers, and smart contracts, characterized by decentralization, anonymity, and fast, low-cost features.

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