Token Name: DeFoCoin
Token Symbol: DFC
Policy ID (Contract): TBA
50 billion DeFoCoin tokens will be minted at the inception of this community initiative and will become available slowly over a period of time as the community matures.
Token Allocation & Crowdsale
The DeFoCoin flowing crowdsale and the corresponding token creation process will be issued by Drop Foods Pte Ltd, a Singapore private limited liability company, and will be organized around smart contracts running on the Binance Smart Chain (BSC).
Participants willing to support the development of the DeFoCoin network can do so by sending Binance (BNB) currency to the designated address. By doing so, they are purchasing DeFoCoin tokens at the rate of 50,000 DeFoCoin per 1 Binance Coin (BNB) which are sent instantly to their wallet.
● The accepted currency during the flowing crowdsale is BNB.
The DeFoCoin token will be an Binance Smart Chain (BSC) based token of value. The token is a digital asset, bearing value by itself based on its underlying assets, properties and/or associated rights. BSC-based tokens rely on a well-established Binance infrastructure, benefiting from several advantages:
Security and predictability (as opposed to, for example, having to run an independent blockchain network).
Use of robust and well-supported clients (BSC-based tokens can be managed with official BSC clients).
High liquidity (interchangeable with other Ethereum-based tokens), easier listing on exchanges with infrastructure already in place.
Our BSC-based token contract complies with the BEP-20 standard. More detailed info about the Binance BEP-20 standard can be obtained from: https://academy.binance.com/en/glossary/bep-20
DeFoCoin will have a maximum supply of 50,000 million tokens. The maximum circulating supply per interval will be deliberate and largely based on the operations, growth and value accretive requirements of the platform over time.