Staking, just as it sounds, is a way of making your money work for you. You can lock up your $DFSocial tokens for a fixed return.
Farming is a cryptocurrency-specific concept. When you farm, you provide liquidity to the DFSocial ecosystem in return for rewards (like interest from a bank).
Gamers compete in games to 'Play2Earn' based on skill level on DFSocial Gaming & keep all the gaming prizes! Sponsors register players to earn; prizes are split 50/50 via smart contract.
The global gaming market was valued at $162 billion in 2020. The new and untapped potential of this nascent industry is gaming infused to the blockchain.
DeFi Social gaming uses on-chain smart contracts to monitor performance, which is unique in the crypto-space. Through different formats of game rounds, players are rewarded for their performance relative to the other players.
There is no "betting" system needed (unless that is a mandatory component of a particular game (e.g., poker). Players only need to hold DeFi Social tokens ($DFSocial) to compete and earn in their wallets.
Players can stake their tokens and earn rewards while they are playing.
You never risk losing your crypto; you can only win.
The DFSocial staking platform currently offers a staking pool reward of +72% APY.
Community-developed staking pool for DFSocial token holders:
Holders can stake their tokens and earn annual interest.
CURRENT STAKING APY: +72%
Farming is the process through which Liquidity Providers (LPs) can deposit their LP tokens to earn more rewards. When you add liquidity to a token pool, you receive LP tokens for the added liquidity.
The gaming platform is divided into three sections: Tournaments, Games, & Medals.
All listed tournaments can be found here. Find the latest tourneys and relevant information by navigating to each tournament page for information.
All the games offered for tournaments and leagues can be found here.
These NFTs are special and rare digital collectibles. Not only do they have UNIQUE names and images, but they also provide EXCLUSIVE rewards which will boost your DFSocial experience! Details can be found here.
DFSocial is a token bringing market participants and gamers together with the use of DeFi mechanics (staking, farming, etc.) and combining them with a gaming platform to create an ecosystem where holders and users can play games while earning rewards. The tokenomics of DeFi Social has been published for everyone to review and acknowledge.
The DFSocial smart contract address is identical to the YFDAI contract and has been audited by Shappy. The contract was also reviewed by War on Rugs, where an AMA took place. The security of all users on DFSocial always comes before anything else - and always will.
Maximum supply - 21,000 DFSOCIAL
Circulating supply - 7,500 DFSOCIAL
Staking rewards - 5,000 DFSOCIAL
Gaming rewards - 5,000 DFSOCIAL
Reserves - 1,000 DFSOCIAL
Marketing - 1,500 DFSOCIAL
Team - 1,000 DFSOCIAL