Derify protocol is an innovative decentralized derivative trading protocol.
Start:
Mar 28, 2022 19:00:00
Ended:
Mar 31, 2022 00:00:00
ICO Details
ICO Details
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What Is Derify Protocol?
Derify protocol is an innovative decentralized derivative trading protocol. Derify protocol is a programmable liquidity pool that supports multiple assets. Third-party smart contract can achieve much more advanced and complicated DeFi applications based on this protocol.
Derify protocol is a programmable liquidity pool that supports multiple assets. Third-party smart contract can achieve much more advanced and complicated DeFi applications based on this protocol.
Derify Protocol Unique Features
Lightning speed deposit/withdrawl
- Connect your Metamask wallet (or any other wallet), then just start trading!
- Under any circumstance, you can withdrawl all your assets by one block confirmation(on Ethereum).
High-performance with low gas fee
- Real-time price calculation, transactions can be confirmed within 5 seconds.
- Gas fees as low as $0.0001.
10x leverage
Traders can open long/short positions at anytime, up to 10x leverage.
Two-way position holding
- Traders can hold long and short position at same time.
- Traders can hold 1 long position and 1 short position at same time, multiple long positions or short positions will be merged.
Two-way position opening
- Traders can open long and short positions with same price, same leverage, same amount, but with opposite directions. You can open two completely hedged positions for Position Mining, with zero deviation or slippage.
- Opening two-way position is always free of Position Change Fees (PCF).
Zero slippage trading
- The index you see is the actual price you trade.
- Use index from Oracles directly, which is calculated as weighted average price excluding outliers. Placing order will never influence the closing price of a transaction and no slippage loss will ever occur.
Roadmap
2021.Q1 Project Start
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Whitepaper V1 is released
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Receive several hundred thousand Seed Investment
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Development started
2021.Q3 Complete Alpha
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Development of Alpha version is finished
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Alpha version endures 10,000+ testing cases.
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Participate in Solana Hackathon and winning prize in Asian region
2021.Q4 Beta and Global Release
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Development of Beta version
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Start Beta testing
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Start recruiting Genesis Brokers globally
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New PE rounds open
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Start of community building
2022.Q2 Official Release
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Beta testnet is closed
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IDO and public sale
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Deciding the multi chain/cross chain tech solution
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optimize the smart contracts,
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start the genesis mining
2022.Q4 Derify 2.0
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Achieve cross-chain compatibility for multiple chains
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Adding new functions like mixed margins
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Adding new deivative products
DRF Token Economy
DRF token is the fundamental token of the Derify protocol.
The total supply of DRF is 100,000,000 tokens.
Token Distribution
Founder Team (15%) Founder Team and Advisors
0.15% daily release, start from 300 days after listed on exchange
PE Investors (15%): Private sale to PE investors
10% release at first day listed on exchange, 0.3% daily afterwards (Subjects to negotiation with different class of investors)
Public Sale (5%): Public auction/listing and created initial liquidity in the market
Strategic Reserve (5%):Reserved for strategic cooperation and resources, disclosed at monthly report
Community Fund (60%): Reserved for community growth, including: Position Mining rewards, broker rewards, liquidity rewards, airdrop, governance system building and developer ecosystem building, etc.
Unlock by community resolution
Partners & Advisors
Team Members
Updating
Investors
Updating