The planned structure of the DFX security fund and its operation mechanic
Despite the difficulties, DeFireX team keep working on the development of the project! After the restrictions are lifted and the migration is completed, a DFX security fund will be created using the team’s personal funds from the reserve fund in the amount of $ 500,000 to $ 1,000,000. The security fund will consist of the most promising cryptocurrencies. We plan to include top cryptocurrencies UNI, DOT, BNB, XRP and others there. The security fund will be opened when the value of assets increases by 3–5 times, 80% of the funds will be distributed to DFX holders.
The funds are planned to be distributed as follows: 40% of the fund will be distributed to all DFX holders at the time of opening in proportion to their share of DFX in the total volume; 40% will be distributed among everyone who has ever stored DFX tokens in proportion to the volume and storage time; 20% will be transferred to the DeFireX team.
Also today #DeFireX team will add a “Claim profit” button for users, whose balances are in the process of migration!
Users of the old BUSD and USDT pools will receive income from the farming of the reserve pool. Most of the major liquidity providers supported the project and abandoned profits in favor of users with smaller balances.
Stay tuned, very soon the developers will solve all the tasks set, they will immediately inform the community about this!