LOFI-DEFI: Social networks + NFT
LOFI is the native token of the LOFI-DEFI platform – a state-of-the-art social networking platform that aspires to create a single global platform for artists, musicians and investors to connect. Currently in development, the LOFI-DEFI platform will feature a proprietary NFT marketplace that will allow you to create, create and market your NFT collections in one place – the LOFI-DEFI application. LOFI-DEFI does not only strive to benefit artisans – by investing and building their brand, but also platform investors – where the platform acts as an investment channel with the potential to generate exponential returns. in the future.
âLOFI-DEFI connects creators, investors and collectors in a decentralized space where they can buy and sell NFTs. We plan to have a working beta of our platform by December, but as we develop it we are bringing artists and musicians to our website and social platforms where users can find out about their work and tip them with LOFI. By creating an honest and secure token and an ecosystem where creators are in control of their own future, this is surely just the start for LOFI-DEFI. – David Cohen, CEO of LOFI-DEFI.
Presentation of the LOFI token
Total supply: 100,000,000,000
Market capitalization: 1,388,800 USDT
Transaction tax: (5% distributed to LOFI holders, 2% burned, 1% operating expenses)
Release date: August 21, 2021 (PancakeSwap)
Coinstore registration: October 28, 2021, 9:00 p.m. (UTC + 8).
Filing: October 27, 2021, 9:00 p.m. (UTC + 8)
Commerce: October 28, 2021, 9:00 p.m. (UTC + 8)
LOFI’s Token Utility and Adoption: Mint, Tip, Purchase
Created as the native token of the LOFI-DEFI platform, it will be used as a unit of exchange between artists, investors and users of LOFI-DEFI. LOFI has multiple uses as it can be used to tip, subscribe and purchase NFTs from various NFT artists on the platform. âReflectionâ contracts are used – whenever you use LOFI in a trade, the contract automatically rewards you with a percentage of the token, proportional to the total supply you have. LOFI can also be wagered on BankerDoge with an APY of over 70% (at time of writing)!
At the time of writing, each LOFI token is valued at 0.00002 ~ USDT. With LOFI-DEFI’s focus on designer projects and unique uses in the NFT digital art segment (NFT markets estimated at $ 13.5 billion by 2021), LOFI is expected to gain popularity and in adoption.
A closer look at LOFI’s Tokenomics
LOFI’s total token supply is 100,000,000,000, with 8% of each LOFI transaction burned. LOFI’s tokenomics are as follows:
- 50% of the tokens used for the PancakeSwap liquidity pool – all tokens in the liquidity pool are blocked in time for 12 months (from the launch date)
- 10% of tokens used for platform development and marketing
- 40% of tokens are programmed to burn – 2% perpetual burn on every trade
- 20 billion tokens burned at launch, 10 billion tokens burned since roadmap phases 1 and 2 completed, 5 billion tokens burned for each roadmap phase completion
For each transaction, 0.5% will be collected in BNB and kept in a LOFI team wallet, with the publicly available address for full transparency of fund allocation. Charitable contributions, fees, development costs and compensation for team members will be made using the team wallet.
LOFI DEFI’s upcoming roadmap
The LOFI team is fully focused on the development of the LOFI-DEFI platform, working on 2 versions, a prototype dApp and a light version of the website. You can use the dApp as a fiat wallet and ramp, for easier and more convenient access to buying and owning LOFI. A beta version of the app is expected to be released by December 2021.
LOFI Security and Partnerships
LOFI’s smart contract has been audited by Tech-Audit, with a full pass in all sectors. From there, LOFI is currently working on partnerships with crypto-payment companies like Simplex and Moonpay, allowing users to purchase LOFI directly using fiat from LOFI-DEFI directly. Instead of buying BNB to trade for LOFI, you can do it right on the dApp, making buying LOFI easier than ever. With the release of the platform, the app will also serve as a mobile streaming service and content gallery for all of the creators of LOFI.
Interested users can check out LOFI on Coinstore from October 28, 2021 and be a part of this amazing social network + NFT platform.
LOFI-DEFI official channels
Get $ LOFI on Coinstore: https://www.coinstore.com/#/spot/LOFIUSDT
Download the Coinstore app: https://www.coinstore.com
Coinstore’s goal is to take the crypto industry to the next level and provide access to popular digital assets to the general public. Encompassing a whole new concept of ‘fun’ in finance, Coinstore plans to make digital assets accessible to everyone. Still in its infancy, Coinstore invites community members and interested influencer partners to collaborate in the next steps.
Charles Tan, Marketing Manager, Coinstore
Liu Yi Yun, Brand Manager, Coinstore
Social networks of the online store:
Telegram Discussion Group ï¼https://t.me/coinstore_english
Telegram announcement string ï¼https://t.me/coinstore_global
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