Announcing DNC and DNS🎉
Thank you all for being patient.
After many internal discussions, we are excited to announce that our stable coin will be modeled now like basis cash. We understand how much the community is looking forward to our stablecoin launch, so we’ve been working tirelessly on it. Hopefully a launch coming this soon has reignited your conviction in our project, and dispelled many of the doubts floating around.
We are a very lean-team and if we focused a lot on replying to everyone’s messages, it will be quite hard to focus on development. Thank you to those who have helped newcomers answer common questions. We really appreciate everyone’s patience.
TL;DR
DNC WILL BE LIVE IN LESS THAN 24 HOURS🎉🎉🎉
Official Start Time: Jan 5th, 19:00 SGT
Farm DNC with:
dUSDC, dESD, dDSD, dFRAX, DFI, DFI/ETH_LP
(respective weights: 10%, 10%, 10%, 10%, 20%, 40%)
DNC will have a initial supply of 80,000 for the first 3 days
Farm DNS with:
DNC/USDC, DNS/USDC
(respective weights: 60%, 40%)
Total supply of 210,000, equally distributed throughout 1 year
Introducing DNC (DyNamic Cash)and DNS (DyNamic Share)
DNC is a stablecoin which is launched by DFI. It has two farmable tokens, one is Dynamic Cash (DNC), a stable coin that seeks to be valued at $1. The other is Dynamic Share (DNS), an ownership token which receives inflationary rewards from Dynamic Cash, deriving value from the increased adoption of Dynamic Cash.
Please note that there will not be any pre-mine at all. The team starts with 0 DNC and DNS just like everyone else. The fair launch for DNC will start on Jan 5th 19:00 SGT and we’ll support dUSDC, dESD, dDSD, dFRAX, DFI, DFI/ETH_LP to mine with the following respective weights: 10% 10% 10% 10% 20% 40%. There will be an initial supply of 80,000 in 3 days. And the launch for DNS will be mined with: DNC/USDC (60%), DNS/USDC (40%) with a total supply of 210,000, equally distributed throughout 1 year.
The boardroom and bond function is planned to go into effect 3 days after the fair launch concludes. We appreciate many of you who’ve given this project your unwavering support, and welcome many familiar and new faces to join our next phase of our growth. 🤗
