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Yesterday, an IDO of DeFi Land’s token, $DFL, was closed. DeFi Land is a one-of-a-kind GameFi platform that educates crypto enthusiasts about the basics of DeFi protocols.
Therefore, 100 million tokens, representing 1% of the total supply, were sold during the token sale on Gate.io, Solanium, and Raydium. After the IDO, the FTX exchange also listed the $DFL token.
Source: Medium
Also, the $DFL token will be the platform’s fuel, having the following use cases:
- Allowing players to manage the game.
- Stake for more prizes.
- Create in-game NFTs and more.
It’s important to say that Solana giants including Jump Capital, Alameda, and Animoca support this project.
According to the annoucement, DeFi Land’s anonymous project lead DFL Erwin said: “We are very excited to announce the launch of the DeFi Land token sale to the general public. DFL will manage our game, stake, trade, and create NFTs, among other things…”
On the other hand, the Co-lead of Raydium, GammaRay stated:” DeFi Land is adding an entirely new level of Play-to-Earn gamification to DeFi. It will not only enable onboarding new users while increasing liquidity and volume on Solana, but it will also be a lot of fun. Raydium is very happy about this launching on AcceleRaytor.”
About DeFi Land
DeFi Land is set up in the style of a farming simulation, with each token representing a flower or a plant. By producing various items on their virtual grounds, players may earn actual returns from their farms. The game will also introduce them to the DeFi ecosystem and assist them in becoming familiar with it.
Introducing @DeFi_Land ⭐⭐⭐
DeFi Land aims to develop a gamified approach (web-based agriculture simulation game) to build a DeFi aggregation layer that seeks to solve the problem of mass adoption to DeFi.
Solana Hackathon – 2nd prize in DeFi track 🔥 pic.twitter.com/9WrZPUgUSG
— BITCOIN GURU (@talkwthme) November 24, 2021
Moreover, DeFi Land is one of the Solana blockchain projects. However, the project is looking to become a cross-chain project. For those who are new to the crypto industry, the DeFi ecosystem might be frightening. This is where DeFi Land comes in, providing a platform for newcomers to gain yield farming experience without really entering the DeFi world.
To ensure that newcomers do not lose their money, there is a demo version of the game. They can play with imaginary tokens. After that, they can use their %DFL tokens to play the actual game.
$DFL Price
DeFi Land’s native token,$DFL, is currently trading at $0.37, which price has increased 28-1% in the last 24 hours. Also, the token has a USD 218 million marketcap with a 24-hour trading volume of USD 135 million.
Finally, $DFL has a circulating and total supply of 586 million and 10 billion tokens, respectively.