What is DeFinition.networkDeFinition.network is a resilient supply token on TRON blockchain. As the name of DeFinition, its goal is to redefine DeFi.
Resilient Supply mechanism-Supply adjustment strategy
DeFinition.network token supply will be adjusted according to the price of its token DZI automatically, the rule is to adjust the token balance to achieve the goal of stabilizing the price at around 1 USDT. When the price is higher than 1.05 USDT, the token will inflate, and all the token holders will receive dividends, the token quantity will increase; when the price is lower than 0.95, the token will be deflation and the holders‘ token will be reduced. When the price is in the range of 0.95 to 1.05, the number of tokens will remain.
- Reaction coefficient
Every adjustment will get an adjustment coefficient based on the price difference. We initially set a reaction coefficient of k=10, so that the adjustment range of the token supply is only 1/10. You can also understand that we do not want the price to be very violent fluctuations, causing the entire system to collapse. We hope that changes will happen slowly and just achieve market demand.
-Adjustment formula
ΔS%=(P_0-1)/k, ΔS= S_0*ΔS%
ΔS%: Daily supply change rate
ΔS: daily supply change
P_0: Price of the previous day
S_0: the previous day's supply
k: Reaction coefficient, we initially set k=10
-Supply period
The adjustment of the supply volume will be carried out once a day at a random time. In order to prevent arbitrageurs from controlling prices before and after the supply adjustment, we will take a random time from 0:00 to 24:00 UTC every day. The amount of supply adjustment will be determined by the price of the previous day.
Project highlights
- Based on TRON network
DeFinition.network is developed based on TRON blockchain. Why don’t we use Ethereum ？the main reason is because of the congested network environment has become an obstacle for users, and the interaction fee with DeFi contracts can even be higher as 50 USD. The TRON network has extremely fast computing speed and extremely small gas transfer costs. And also TRON network has the largest supply of stable coins outside of Ethereum blockchain, with USDT reserves of up to $3.7 billion.。This will give players a better experience when participating in DeFinition.network game.
-Relative fairness
Such as Ampleforth these kinds of projects are very popular in the Ethereum blockchain. But players cannot get a fair starting line because of the different prices of different rounds. DeFinition.network will reset everything and all players will get DePonzi for 1USD and launch on AMM DEX with a starting price of 1USD.
Initial token distributionToken symbol: DZI
Total supply: 2,360,000
Initial circulation: 1,200,000
Issue price: 1 USDT
Token type: TRC-20
Distribution time: after the subscription round is over, unified distribution before token launch on the AMM DEX
Percentage Quantity Description
Seed 20.3% 480,000 Project start-up funding raising
Presale round 10.2% 240,000 Participation through：Discord whitelist Personal limit：2,000USDT upper limit ：120 pieces of whitelist
Subscribe Round 10.2% 240,000 No personal limit；
Divide equally according to the investment of USDT proportion, and will return the excess USDT to the original address. The unsold tokens will be burned directly.
Team 25.4% 600,000 Vesting Period：3-month lockup; vesting over 12 months from the 4th month
Liquidity 10.2% 240,000 Add AMM DEX initial liquidity injection
Reserve 23.7% 560,000 Used for liquidity incentives and market operations； The address will be disclosed and supervised on blockchain
total 100.0% 2,360,000
DZI=1USDT in every round.
Yield farmingWe will start the liquidity mining function shortly after the launch. Users can obtain equity tokens by injecting their DZI into the liquidity pool. Stake equity tokens through the official website will receive DZI rewards.
The staked DZI is also affected by changes in the supply, which means that when the price continues to be higher than 1 USDT, you will receive both dividend rewards and staking incomes.
Road Map- Listing on TRON AMM DEX
- Launch Rebase function
- CoinGecko and Coinmarketcap
- Launch Online Yield Farming function
- Integration with Multiple DApps
DeFinition.network the stable coin.
Website:
http://DeFinition.networkTwitter:
https://twitter.com/definitiondziJoin Discord:
https://discord.com/invite/FY5EU3c
