Staking, just as it sounds, it's a way of making your money work for you, ie. You stake your tokens for a fixed/variable return.
Farming is a cryptocurrency specific concept. When you farm you are providing money to the crypto eco-system in return of rewards (like interest from a bank)
We all know what gaming is! But here you can play your favourite games for real-money rewards.
The global gaming market was valued at 162 billion (2020) and a new and untapped potential of this undustry is gaming connected to the blockchain.
Now in that ways we connect gaming to earn money through the blockchain.
DeFi Social Gaming uses a unique approach to earning cryptocurrency, using on-chain smart contracts to monitor performance, that is unique in the crypto space. Through different formats of game rounds players are rewarded for their performance relative to other players.
There is no "betting" system needed (unless that is a format of a game e.g: Poker) and players only need to lock DeFi Social Gaming tokens ($DFSocial). Which means you don't lose your tokens, you can only win.
Further to this, players are able to stake their tokens and earn rewards while they are playing.
Our staking platform offers 2 pools A & B with pool B offering a variable APY equal to the number of stakers, meaning it is also possible to "game" pool B, staking multiple wallets up to a maximum APY of 750%.
Community-developed staking pool for DeFi Social token holders:
Holders can stake their tokens and earn an annual interest equal to +72%
Holders can stake their tokens and earn an annual interest up to +750%
LP means Liquidity Provider.
When you add liquidity to a pool, you receive LP tokens, meaning you are the owner of the added liquidiy. Farming is the process through which liquidity providers can deposit their LP tokens to earn more rewards.
The gaming platform is divided into three sections: Tournaments, Games, Medals.
Where all the tournaments are posted. Here you'll be able to see the most relevant information about all tournaments and navigate to each tournament site, where all the details about each event will be posted.
In this section, all the games we are using for tournaments and leagues are posted.
NFTs are explained here. These are special, since not only have a UNIQUE NAME and a UNIQUE IMAGE, but also an EXCLUSIVE BONUS which will boost your DFSocial experience!
DFSocial is a token which looks for bringing people together by using DeFi cryptourrency mechanics (staking, farming, etc.) and combining them with a gaming platform to create an ecosystem where holders and users can play games and earn rewards. The tokenomics of DeFi Social have been outlined for everyone to review and ackowledge.
The DFSocial smart contract address is identical to the YFDAI contract and has been audited by Shappy, reviewed by War on Rugs, on which an AMA has also been accomplished.
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