[DFT] DeFiat speculation

[984epvah]

Any of you guys scoped out this upcoming altcoin??

Its a new brand of Decentralised Finance with following services
- 2nd-> Turn your rugged tokens into 2nd to salvage some of their value
- Anystake (launching this month)-> a platform for users to stake almost any ERC-20 and earn interest on those tokens, and recieve rewards generated by the transaction fees on ALL DFT transactions.

One of the interesting things here is that 2.5% of each transaction goes to the rewards pool (gains for the stakers) AND 0.5% is sent to a burn address, which causes deflation (gains for all DFT hodlrs)

At the moment DFT is waiting on an audit from Hacken they dropped 30k on which is due to be complete this week prior to making any final adjustments and launching anystake. They've already launched the phase 2 testnet so there's absolutely no reason we won't see this product drop by the end of March at the latest. Hacken posts the results of their audits on their website which will be great for peace of mind and a final suss out for anyone on the fence.

With a market cap of $3.5mil, circulating supply of 220,000 coins that will only get smaller as DFT is burnt over time, I don't see why this coin can't go from its current price of ~$15 to $50 over the next week-month, and even further in the long term fingers crossed .

You can check out their website, they've got a medium page for dev updates, discord telegram twitter etc to get more info and talk with the experts

TLDR; I think this coin is looking pretty solid, would love for you guys to check it out, DYOR and drop your thoughts below

DISCLAIMER: I've got 30 of these bad boys that I bought 2 weeks ago so obviously hoping that this coin does well and holds it own weight when anystake launches lol

[rh1no]

This is one of the favorites in my bag right now. I can definitely seeing this going places as soon as Anystake drops which is as soon as the Hacken audit is finished.
Everything is ready to go and the initial audit last year was problem free, so I don't foresee any problems this time around. Quality devs.

Anystake gives the ability to stake these tokens:- $WBTC, $USDC, $USDT, $UNI, $YFI, $LINK, $MKR, $CEL, $SNX, $AAVE, $CORE, $AMPL, $QNT, $LTO, $UOS, $TRB and many more ERC20s to be implemented.

10x only puts this ~$30M which will be extremely under its market potential. Can so easily be multiples of this.

[coinporch]

why you didn't add some link about defiat ?
if you want to promote this coin, its better to add some link about DFT mate
so, people who don't know about this project, will do a research about defiat without searching

[984epvah]

Lol my bad here are some relevant links:

Core Site: https://defiat.net

Twitter: https://twitter.com/DeFiatOfficial

CoinGecko: https://www.coingecko.com/en/coins/defiat

GitHub: https://github.com/defiat-crypto (active repository)

Medium: http://defiat.medium.com

Testnet: http://testnet.defiat.net

Discord: https://discord.com/invite/fjHpaAr

Telegram: http://t.me/defiat_crypto

[bluebit25]

But for projects like this you need to be careful because I've seen it, and it is quite similar to the model that projects are building recently, which usually develop for a short time and then disappear. This project is similar, do not let its capitalization be the vehicle for you to invest in this project, and it will take time to appreciate it properly.

[leea-1334]

I have heard in recent weeks now about all kinds of special DeFi tokens and even special NFTs that are not just stakable but even minable and replicable and all that,,, very confusing concepts to me especially with those polkadot substrata punks or whatever.

And stablecoins vs fiat stories keep churning out new topics too, I cannot really tell which is good or even which is REAL:)

[Bitstar_coin]

But for projects like this you need to be careful because I've seen it, and it is quite similar to the model that projects are building recently, which usually develop for a short time and then disappear. This project is similar, do not let its capitalization be the vehicle for you to invest in this project, and it will take time to appreciate it properly.

Most projects are copycat of others because they don't have an original idea, some even copy from multiple project and make it their own idea, the only difference is those who are able to build on the copied idea and those who just remain stagnant without adding any extra value,
Maybe you don't know that most fork are copy of another and it is not likely that all will fail or are scam, it all depend on the capability of the team.

[bluebit25]

Maybe you don't know that most fork are copy of another and it is not likely that all will fail or are scam, it all depend on the capability of the team.

I understand what forks are involved here~~The idea is important, but it's not the only one, what do you think? I have also encountered a lot of duplicating projects, but they do very well and still serve well. But there are reasons to believe in such products, and in this case what is the reason?
 

[984epvah]

I guess my reasoning for this project is that there are so similar ones? At least none that I am aware of allowing people to get some value for their rugged coins (2nd chance) and their AnyStake project which allows people to stake almost any ERC-20 coin and also earn interest on those coins.

Ultimately it looks like a sustainable farming platform IMO, and I've been bloody happy to see it develop a $20 support line over the last couple days with Hacken Audit now mid way through their initial assessment according to their website.

Another thing they are looking at on their telegrams/discord is considering partnership with other altcoins to increase community supports. An interesting idea?

[984epvah]

Bump on this thread- has been up to $32 today and has a strong support level of $28...
Looking pretty good to me!

[984epvah]

$47.6 now.....

Excited to see where this one is going!!!!

[leea-1334]

So did anyone here actually try putting your "rugged" coins into this project? I think I may have a few tokens (airdropped to me before and now rugged anyway without me ever doing anything),,, would like to know which coins are the highest value so I can put them all there if it is worth it now with the price of ETH fees!