How and Where to Buy DeFi100 (D100) – An Easy Step by Step Guide

About D100

What Is DeFi100 (D100)?

In 2020, decentralized finance (DeFi) was the fastest-growing segment in the cryptocurrency market. DeFi100 (D100) is a synthetic index fund protocol and a rebase project on the Binance Smart Chain (BSC). It is a pseudo-stable cryptocurrency managed via a so-called rebase that takes place every day.

It was designed to reflect the capitalization of and to serve as an investment vehicle for the entire DeFi market. It can also be used as a speculative asset by traders.

DeFi100 presale took place in the last week of February 2021 on the BSC AMM Launchpad.

Who Are the Founders of DeFi100?

DeFi100 claims to be the first rebase project on the Binance Smart Chain. It was launched by Wrapp3d, a group of developers who design and adopt synthetic assets. Their main goal is to introduce indices and tradable assets to the crypto token economy. The team works anonymously.

What Makes DeFi100 (D100) Unique?

DeFi100 is a digital asset with a capitalization that is based on the total DeFi industry market cap at the ratio of 1:100 billion.

The process of rebasing takes place when the spot price of DeFi100 is not in balance with its target price. Rebase can be positive (the spot price is above the target price, so the token supply expands to lower the spot price) or negative (the spot price is below the target price, so the token supply decreases).

The D100 token is pegged to the value of the total DeFi market cap, which changes every day. The role of the rebase function is to keep DeFi100 pegged to the DeFi market cap.

Related Pages:

Learn more about Bitcoin.

Learn more about Ampleforth.

Read more about decentralized finance at CoinMarketCap Alexandria.

For the latest crypto news, visit the CoinMarketCap blog.

How Many DeFi100 (D100) Coins Are There in Circulation?

The D100 token follows a pattern of elastic supply. The rebase function is used regularly to achieve a balance between the spot price and the target price.

DeFi100 was launched with a circulating supply of 2,500,000 tokens. Bidding was available at BakerySwap, and the tokens were distributed immediately after the presale. Added liquidity is locked for 11 months, starting in February 2021.

Of the total D100 supply, 5% was reserved for the team, 25% was allocated to liquidity pool staking and farming, 20% to liquidity mining (of which 8% is the ecosystem reserve and 12% is liquidity) and the remaining tokens were allocated to the public sale.

How Is the DeFi100 Network Secured?

DeFi100 (D100) is a BSC-based BEP-20 token. D100 receives price data using decentralized oracles from the Decentralised Information Asset (DIA). Using these feeds allows D100 to execute rebasing every 24 hours.

Oracles are essential to D100’s operation, as they provide smart contracts with off-chain data, serving as adapters between blockchain and the real world.

Where Can You Buy DeFi100 (D100)?

D100 tokens can be traded on the following exchanges:

  • PancakeSwap
  • Bilaxy
  • BakerySwap

New to cryptocurrency? Learn more about how to buy Bitcoin with our comprehensive guide.

Currently, D100 is being ranked 3413 on Coinmarketcap and has recently surged a hefty 82.07% at the time of writing.

D100 has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy D100.

Step 1: Register on Coinbase

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Show Details Steps ▾

Type your email and click 'Get started'. Make sure you provide your real name as Coinbase will need it for account verification. Choose a strong password so that your account isn't vulnerable to hackers.

You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.

Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, Coinbase is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.

Step 2: Buy coins with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.

Now you are all set, click the 'Trade' button at the top left, choose the coin you want to buy and confirm your transaction...and congrats! You've just made your first crypto purchase.

Step 3: Transfer your cryptos to an Altcoin Exchange

But we are not done yet, since D100 is an altcoin we need to transfer our coins to an exchange that D100 can be traded. Below is a list of exchanges that offers to trade D100 in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase D100 from the exchange view.

Exchange
Market Pair
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D100/WBNB
D100/BAKE
D100/USDT
D100/WBNB

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once D100 gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Gate.io

Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese (the latter being very helpful for Chinese investors). Gate.io’s main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT (Tether) as one part of the pair. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.

Binance

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.

Last Step: Store D100 securely in hardware wallets

Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your D100 for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.

Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

Other useful tools for trading D100

Encrypted Secure Connection

NordVPN

Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid (note: never use any free VPN services as they may sniff your data in return of free service) VPN services out there and it has been around for almost a decade. It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. You can choose to connect to 5000+ servers in 60+ countries base on your current location, which ensures you to always have a smooth and secure connection wherever you are. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files. Plus it is among the cheapest VPN services out there (only $3.49 per month).

Surfshark

Surfshark is a much cheaper alternative if you are looking for a secure VPN connection. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Currently, Surfshark does not have any device limit so you can basically use it on as many devices as you want and even share the service with your friends and family. Use the signup link below to get an 81% discount(that’s a lot!!) at $2.49/month!

CryptoTrader.Tax

As you gain more experience in trading cryptos it gets more difficult when it comes to tracking your capital gains from all those trades, especially when you have multiple accounts across various trading platforms. CryptoTrader.Tax takes away the pain of preparing your bitcoin and crypto taxes for your tax season. It automates the entire tax filing process and you will be sure you won’t miss any important information required. Simply register, fill in your personal info, and import all of your historical cryptocurrency transactions into the platform. It integrates seamlessly with all major cryptocurrency exchanges and platforms to make this process even quicker by connecting your existing exchange accounts to the platform. Once your transactions are imported, you can generate your tax reports within a few clicks. CryptoTrader.Tax is free to use and you can simply get started right away. You will only need to pay if you want to generate your tax reports.

Crypto Ultimatum

Crypto Ultimatum is a detailed training system that shows you how to go from no money to making a fortune with Crypto Currencies. The system that was used took $100 and turned this into $1006. But the system works so well they then took this $1006 and turned it into the huge amount of $257,000 with Bitcoin and Crypto Currencies!

The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. It reveals all the secret techniques and gives you the ability to make money when you are a complete novice. It even explains some of the scams so you can avoid them. It goes into detail about where you go to do all this trading and how you can make money in a little as 24 hours. You can develop into someone who buys and sells smaller types of “altcoins” too.

BitMEX

BitMEX is one of the largest crypto derivatives trading platforms that offers leveraged contracts that are bought and sold in Bitcoin. With the volatile nature of the cryptocurrency market, you can gain even more profit with leveraged trades. BitMEX offers even a maximum of 100x margin meaning you can multiply your profit for a hundred times. Signing up on BitMEX is easy and you are not required to go through any KYC process. Within a few minutes, your account will be ready and you can start trading by depositing BTC straight into your wallet on BitMEX. Do keep in mind that derivatives trading is highly risky and your loss can potentially be a hundred times also if you made the wrong move!

Frequently Asked Questions

Can I buy D100 with cash?

There is no direct way to buy D100 with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Buy Bitcoin from local sellers

LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.

Are there any quick ways to buy D100 in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

Popular online banks in Europe are Bunq, N26 and Revolut.

Are there any alternative platforms to buy D100 or Bitcoin with credit cards?

Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Read more on DeFi100's fundamentals and current price here.

Latest News for D100

DEFI1002 months ago
Join us for our AMA with @Hotbit_news going live at https://t.co/yQvdxbwyeK and know more about #xD100 @bakery_swap @news_of_bsc
DEFI1002 months ago
Trading is open on @Hotbit_news https://t.co/1FEWzL1sxS @bakery_swap @cz_binance @news_of_bsc
DEFI1002 months ago
🚨🚨COUNTDOWN ALERT🚨🚨 1 hour remaining for @Hotbit_news listing of #xD100 Want to grab some before listing? buy i… https://t.co/kSGYGOCmz9
DEFI1002 months ago
RT @Gems_Radar: Both @DEFI100 $XD100 and @BELT_Finance $BELT are listed on https://t.co/dF2xSLxSdo! 💎 $XD100 deposit time: March 11, 10:00…
DEFI1002 months ago
#xD100 trading starts on @Hotbit_news at 1000 hours utc. You can trade it now on @PancakeSwap at… https://t.co/fu94LseOfB

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