In this blog we discuss the potential of new projects, considered as hidden gems in the cryptocurrency market with great potential in mid-term to long-term investments. Today we are going to discuss a new project called DefHold, producing an ERC20 token labeled as DEFO.
Please remember that this is not a financial advice, do your own research before investing and trade wisely.
Defo is a non-inflationary ERC20 token, in the DeFi ecosystem, aiming to provide yield generating investments’ strategies to long-term crypto holders in both markets’ pump and dump. DEFO will enables holders to stake or farm their holdings into pools with different pre-defined lock-up periods, but enables you as a holder to unlock your holdings contributing with extra fee. A transfer fee for DEFO will be implemented to reward stakers and farmers of the token. Lock-up periods varies between 10 and 180 days.
Tokenomics
The presale of the token have already concluded, 75% of ETH raised will be automatically transferred into Uniswap liquidity pool together with 19.50% of the DEFO tokens. Uniswap liquidity will be locked permanently by LID smart contracts, and marketing 2, Team, Airdrop and LID tokens will be time-locked and released at a monthly 10% rate over 10 months by LID smart contracts.
DEFO's total supply is 12000 tokens, actual price is 0.39 ETH/DEFO, and total liquidity provided on Uniswap of 817,210$.
Defhold has partnerships with LID Protocol and Ferrum Network at these moments.
This was a quick review about what we consider as a hidden gem in the DeFi Ecosystem.
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Thanks for your attention,
Crypto Army
