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Dafi Protocol

TBA
5,268 Views
All decentralized economies distribute tokens to users. The problem is that distributing tokens when adoption is low, creates an excess supply & devalues the economy. There is no link between the release of network supply and the network's adoption. This harms longer-term users and only favours short-term participants. Dafi introduces the first alternative since Bitcoin, to use network rewards for building a decentralized economy. Instead of directly issuing tokens for staking & liquidity – Dafi ties synthetics to each network's adoption. This means that the token release & network demand is proportional. Meaning users are still incentivized when adoption is low, but by being rewarded later, not earlier. By linking these two factors, it attracts longer-term users to be incentivized longer, supporting adoption. Dafi enables every protocol and platform to create a synthetic flavour from their native token. This is then algorithmically pegged to the demand of their network and distributed to users. Synthetic dTokens on Dafi can be created by projects and distributed to their users for Staking, Nodes, Liquidity, or even Participation/Bounty rewards. Individuals can stake the DAFI token for governance and collateralize the creation of dDAFI, the first synthetic unit which is tied to network demand. The quantity of the synthetic can increase only as network adoption rises – incentivizing longer-term users.
7.4
TOTAL SCORE
4.2
ICO PROFILE

(weight: 45%)

10
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

(weight: 20%)

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General
Website: Visit
White paper: Read
Dates: TBA
Whitelist/KYC: Whitelist
Token info
Ticker: DAFI
Total supply: 2,250,000,000 DAFI
2018
Dafi testing theories in blockchain
2019
Presenting at institutions and events & NatWest bank incubation
Q1 2020
Dafi branding changes
Q2 2020
Strategic partnerships confirmed privately
Q3 2020
MVP development
Q4 2020
User-creation platform for synthetics
Q1 2021
DAFI token sale
Q2 2021
DAFI staking to create network synthetics
Q3 2021
New protocol flavours of dToken
Q4 2021
Dafi NFT minting using synthetics
Q1 2022
Further DeFi features built on DAFI (lending, DEX’s, NFT’s of value)
Q2 2022
Creating a financial universe around DAFI
Zain Rana
CEO, Founder
Takes part in this project only
Babar Shabir
Head of partnerships
Takes part in this project only
Oleh Pashchenko
Blockchain Developer
Participates in several projects
Walleed Mehmood
Software Specialist
Takes part in this project only
Adam Ben
Growth & Marketing Lead
Takes part in this project only

Advisors (1)

John Milburn
Technical Advisor
Participates in several projects
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