The open financial platform DeFiner has ended private placement, tokens will be listed on Uniswap, DoDoEx and Loopring, and will launch a “Become DeFiner” campaign to provide private placement participants with a reward of 250,000 tokens.
Written by: DeFiner
The period after DeFiner officially launched the FIN pass on September 28 is of great significance to DeFiner. We are here to announce some important upcoming events-with the successful conclusion of the Coinlist private placement, we can be pleased to announce that FIN will be publicly listed on three decentralized exchanges and launch the long-awaited liquid mining plan .
CoinList private sale ended successfully
The FIN token CoinList private sale that we started on October 2 officially ended today (Friday, October 9). With the completion of all private placements, the total locked value of DeFiner’s savings pool has reached US$5.2 million, and the total number of transactions has exceeded 630. The FIN token has become the core of the DeFiner ecosystem, connecting all participants.
Only community members are eligible to participate. We are grateful for the firm support from users and hope to give them the earliest opportunity to obtain FIN tokens. The main advantage of DeFiner is to realize open finance and return financial control to users.
FIN tokens will be publicly listed on decentralized exchanges
We are pleased to announce that DeFiner’s FIN platform token will be listed on three independent decentralized exchanges-Uniswap, DoDoEx and Loopring. The listing of FIN tokens in these three transactions also provides an opportunity for users who support DeFiner to participate in the DeFiner ecosystem.
Choosing to list on a decentralized exchange first also shows our belief and determination to implement decentralization.
Based on the Ethereum network, the FIN token fully meets the audit requirements of the smart contract ERC20 standard, which guarantees the safe transaction of the FIN token on UniSwap. On UniSwap, tokens can be traded quickly and efficiently without sacrificing security, which is consistent with the goal pursued by DeFiner.
Because it meets these high security standards, FIN tokens will also be listed on Loopring. The latest version of Loopring 3.0 uses on-chain data availability (OCDA) to solve the scalability and transaction cost issues, while ensuring the inherent security of the Ethereum network.
The FIN token will also be listed on the DoDoEx platform, which uses the active market maker algorithm (PMM). DoDoEx has the characteristics of next-generation decentralized exchanges, allows more complex integration between projects, can provide faster and lower-cost asset swaps, and provides traders with the same liquidity as centralized exchanges.
Become a DeFiner event
Together with the token listing, we launched the “Become DeFiner” campaign to provide the community with unprecedented returns. This plan is also an expression of our gratitude to users for supporting the DeFiner platform. “Becoming DeFiner” is our original way to give back to the community.
We will establish a reward pool of 250,000 FIN tokens to reward users who have participated in our private placement on CoinList. Anyone who may be interested in joining our community and becoming a DeFiner can also participate in the “Become DeFiner” activity by having an average daily balance of more than 5000 FIN tokens.
Rule description
The total time span of the activity is 9 months. Every 3 months we check the qualifications of participants and allocate one third of the reward pool. The reward distribution time is January 15, 2021, April 15, 2021, and July 15, 2021.
If the user has $20,000 in the savings pool and the total deposit is $5 million, then the user’s deposit accounts for 0.4% of the savings pool. Therefore, users are eligible for 0.4% of the 250,000 FIN reward pool, which is 1000 FIN. Assuming that most of the early mining users retrieve their funds, only $1 million is still in the fund pool. The user’s deposit accounts for 2% of the savings pool, then he will receive 5000 FIN rewards.
Other conditions
The reward pool token has a 6-month lock-up period, after which 20% of the token is released every month;
The user’s final reward is based on the weighted average of the participants’ daily balance;
The user’s account balance is less than USD 2000 and the number of days cannot exceed 20;
Before the end of this program, newcomers who join later must maintain a daily average balance of 2500 FIN or above to have a chance to get rewards.
Liquidity mining
There are many speculators in the current liquid mining market. The DeFiner savings pool is a safe place to store idle funds, so we encourage users to use the DeFiner savings pool as an investment channel, where the funds are safe and reliable, and they can also get rich returns. The liquidity mining rewards will be automatically adjusted according to the FIN price and the total locked value of each asset class, and the net APR of each asset class will be controlled within the expected range. The current expected range of depositors’ income is 10% to 30%, while the expected range of borrowers’ costs is -10% to 10%. In this way, depositors will get considerable returns in the future. For borrowers, they will get low-cost funds, even with negative interest rates.
With these exciting news, we received seed financing from Signum Capital, Alphabit and most recently SNZ Holding. We will officially launch savings and lending products soon, and there will be more news to share with you. Stay tuned!
