dForce TokenDF
$0.376
DF Price Prediction and Price Movement
DF has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that DF's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if DF is backed by a solid development team and whether DF's technology has any potential to grow.
Please note that this analysis is purely base on DF's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
dForce Token Price Chart
About dForce Token
What is dForce?
DF is the platform utility token of the dForce network, an integrated and interoperable DeFi platform. It will be used for transaction services, community governance, system stabilizer, incentivization, and validator deposits.
How does dForce work?
dForce advocates for building an integrated and interoperable open finance and monetary protocol matrix, including asset protocols (USDx, GOLDx, dToken), liquidity protocol (dForce Trade), and lending protocol (soon-to-be-launched dForce Lending).
dForce Token (DF) is the utility token that facilitates governance, risk buffers and interest alignment across the dForce Network.
Our team includes both crypto veterans and professionals from Goldman Sachs, Standard Chartered Bank, Hony Capital. dForce is backed by investors including CMBI (China Merchants Bank International), Multicoin Capital and Huobi Capital (the investment arm of Huobi Group).
Key Protocols:
- USDx, the first decentralized and fiat-back stablecoin implementing systematic interest. USDx holders can earn interest by simply depositing USDx into the USR contract and can withdraw at any time.
- GOLDx, a gold token 100% backed by physical gold (through constituent gold token PAXG) and is denominated in gram. GOLDx is featured by 0 transaction fee and is 100% compatible with all DeFi protocols, making it easy for DeFi integrations.
- Yield Market (dToken), the most accessible yield aggregator to farm the most attractive risk-adjusted yield across DeFi protocols (the highest underlying yield in the market at present). Instant withdrawal supported.
- dForce Trade, as an upgrade of dForce Swap, dForce Trade will scan for the best possible price and aggregate proper liquidity across multiple platforms to facilitate large-volume trades.
- dForce Lending (coming soon), fully open and permission-less lending platform.