Derify IDO on Mar 28, 2022! Here’s rules and details
Hello our fellow supporter and watchers of Derify protocol, Derivation Lab has been developing the product for more than a year and doing Beta test for more than 4 months. Now we are launching and listing our native token!
Our native DRF token can be used for participation in project governance.
All profits of Derify will be shared by DRF holders via the buyback and burn mechanism.
Staking DRF is also required to be our Broker.
IDO details can be found on our Home Page.
The official IDO pool will be hosted on Bounce (BSC).
Derify Official Pool A: https://app.bounce.finance/auction/fixed/377
Derify Official Pool B: https://app.bounce.finance/auction/fixed/378
Official IDO start time: Mar 28 12:00 UTC
Official IDO end time: Mar 30 12:00 UTC
The official IDO will be conducted in Fixed Sale Auction mode, the purchase asset will be BUSD on BSC network.
The Auction Sale will have two pools, total DRF on sale will be 600,000 DRF (0.6% of total supply), total raise amount is 420,000 BUSD.
Derify Official Pool A has a price of 0.6 BUSD per DRF, the vesting will be 1 month cliff after TGE;
Derify Official Pool B has a price of 0.8 BUSD per DRF, the vesting will be 100% unlock on TGE.
The token will be distributed and claimable on Bounce.
The account purchase cap for DRF will be 1000 DRF maximum, and 100 DRF minimum, apply to both pools.
After IDO, Derify will list DRF and lock liquidity on Apeswap, DODOex and and Pancakeswap, allow the community to trade DRF freely.
The listing time will be April 1, 2022, 00:00 UTC.
After listing:
Estimated Initial Circulation of DRF token will be 900,000 DRF,
Estimated Initial Market Cap will be 720,000 BUSD.
Other launchpads also host side pools where you can purchase participate in Derify IDO on other platforms under different rules, including DODO, ACY Finance, Daostarter and EraxPad.
Derify has no control over other platform and token distribution will also be conducted by the launchpad, please check the details and rules on other launchpads and DO YOUR OWN RESEARCH.
Residents of US, Canada, China, South Korea and other countries that have restrictions for token purchase shall comply with local regulations and not participate in our IDO.
About Derify
Derify is a decentralized derivative DEX protocol that allows you to trade derivatives fairly, safely and cost-effectively.
Derify has no cheating, manipulations or scamming issues like traditional CEXs, we also don’t have Funding Fees, slippage cost or impermanent loss, providing a good experience and performance comparable to the best CEXs.
DeFi investors can participate in Position Mining — an efficient and risk-free yield farming process.
Important Links & Docs:
Audit Report: https://www.certik.com/projects/derify-protocol
Website: https://derify.finance/
Whitepaper: https://docs.derify.finance/whitepaper/
Tokenomics: https://docs.derify.finance/whitepaper/tokenomics/drf-token
Twitter: https://twitter.com/DerifyProtocol
Github: https://github.com/derivationlab
Telegram: https://t.me/derifyprotocol_official
Discord: https://discord.com/invite/kSR6tz2pdm
Our Beta testing is still live, please join our Beta to help us make a better product.
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