DeFi Bitcoin is an innovative decentralized finance (DeFi) project built on the Ethereum blockchain. It incorporates a distinctive market cycle framework, aiming to provide controlled trading behavior, mitigate price volatility, and incentivize users through reward mechanisms.
Defi Bitcoin operates on a weekly market cycle, consisting of two phases:
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Bull Market (4 days): A period of upward price movement, fostering market growth. In this phase holders who do not sell 15% or more of their holdings are entitled to rewards. Also, a 10% bonus is awarded if a user buys 10% or more of their current position size during the bull market.
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Bear Market (3 days): A phase characterized by downward price movement, allowing for corrections and adjustments. In this phase holders who do not sell 25% or more of their holdings qualify for rewards. A 30% bonus is granted if a user buys 10% or more of their position size during the bear market.
The eligibility for these rewards can be checked through their unique and accessible Telegram Bot DeFi Bitcoin Bot.
A halving event occurs between these markets, reducing the remaining supply by half. The initial supply starts at 15,750,000 and can reach a maximum of 21,000,000.
Tax Structure: The tax structure is adaptive, promoting a balanced trading environment: In a bull market, tax stands at 0/8, while in a bear market, it's set at 3/3. After three market cycles, the tax permanently drops to 0/0, ensuring reduced friction for long-term participants.
Check out their official links down below for more info on this gem of a project:
$TOKENOMICS
- Token Name: DeFi Bitcoin
- Token Symbol: BTC
- Network: ERC20
- Contract Address: 0xfec6606f51e780a1f7303605d22485d0c41afa38
Contract Renounced as well!
Socials and Official Links:
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Website: https://defibitcointoken.com/
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Twitter: https://twitter.com/BitcoinErc_20
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Telegram: @ BitcoinErc_20
Always remember to DYOR and this is NFA. Everything written in the post is my personal opinion and not technical analysis or advice.
