Demodify have announced the next technology disruptor is set to launch their IDO on Ignition! Demodyfi is a fully integrated automatic moneymaker ecosystem that provides decentralized financial services to its user base. It is built on Moonbeam and Polkadot and is controlled collectively by its userbase.
Demodyfi is an automated market maker platform that is built on the ethos of blockchain. It delivers decentralized financial services in a fully decentralized network whose control is fully decentralized, with each user contributing to the platform’s decision-making activities. The setup ensures transparency of all network activities, thus creating a trusting environment for its users.
Demodyfi also provides an ecosystem where decentralized users can gain tokens from platform activities and generate wealth from the tokens through decentralized exchanges.
The $DMOD token
DMOD is the native token of Demodyfi. It enables the provision of financial products and services within the Demodyfi ecosystem without any centralized entity. DMOD serves two essential functions:
- It serves as the primary token of exchange for native transactions and smart contracts as a network utility token. It is also utilized for staking within the network.
- Governance. As token holders, users of the platform have a right to vote and determine the direction of the platform. Through elections, users decide treasury governance, council members, network upgrades, referendums, risk management, and any other factor that could potentially affect the daily operations of the platform and its userbase.
Besides its vital function, DMOD will also be traded in various exchanges, where users can sell and gain some profit from DMOD generated within the ecosystem. The total number of DMOD to be minted by the platform is 100M, creating a token that will gradually increase in value.
Here are some important dates to note if you would like to support this project:
- 📋 Whitelist Start: May 31, 2021
- ⏰ Whitelist Close: June 3, 2021; 4AM UTC
- 🚀 IDO on Ignition: June 10, 2021; 11AM UTC
🔒➡️🔓 Vesting Period: 33% on TGE, then 33% monthly.
Apply for the Demodyfi whitelist lottery for Ignition HERE.
*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which vary per project on a case to case basis. For a list of Demodyfi specific restricted KYC countries, check HERE.