DeCEX Finance Airdrop : How To Collect DeCEX Airdrop?

About DeCEX Finance

DeCEX Finance is an experimental project both in the fields of DeFi and NFT farming issued on the basis of the Ethereum platform. To combine these two theories, the founder came up with the idea of DeCEX. The project is aiming to change the way of investing artwork from physical artwork investment to digital artwork investment. For more information, read the Project review on Crypto Adventure.

DeCEX Finance Airdrop is an experimental project both in the fields of DeFi and NFT farming issued on the basis of the Ethereum platform. To combine these two theories, the founder came up with the idea of DeCEX. The project is aiming to change the way of investing artwork from physical artwork investment to digital artwork investment. For more information, read the Project review on Crypto Adventure.

The Creation of DeCEX

DeCEX is a new encrypted digital currency issued based on the Ethereum ERC-20 contract of NFT acquisition and circulation. It is a pioneer in combining the advantages of DEFI+NFT to propose the dual deflation model, namely token deflation and NFT deflation, and thereby maximizing the investors’ profit. DeCEX will only list tokens on decentralized exchanges in the early stages.

DeCEX is mainly based on the development of smart contract on the Ethereum platform and integrates the popular mechanisms on the existing cryptocurrency market. It mainly contains the liquidity pool locking, liquidity farming, burning mechanism, NFT farming, NFT repurchase and NFT auction system under the theories of decentralized finance.

Burning

The total supply of DCX will be burned from 1,000,000 to 200,917. The ultimate supply number 200,917 is to commemorate the releasing date of Uniswap Airdrop which on 17th Sep 2020. It shows the salute to Hayden Adams, the founder of Uniswap.

Protocol

DeCEX Airdrop is a dual deflation protocol with DeFi and NFT farming issued on the basis of the Ethereum platform. There are three farming approaches to acquire NFT developed for Decex user. Explore and choose one for start!

Token Staking for NFT

A non-fungible token (NFT) is a special type of digital asset with indivisibility and irreplaceability based on the Ethereum network. The value of NFT comes from the creation of verifiable digital scarcity.

DeCEX is integrating DeFi and NFT mechanism to bring users a more interesting investment experience. Users can obtain NFT by participating in three different NFT system: token staking pool, LPV2 staking pool and the lottery pool. All of them will be illustrated in the following paragraphs respectively.

Transaction Fee

DeCEX will charge 5% of transaction from token seller as transaction fee. This transaction fee at the proportions of 1%, 1%, 2% and 1% will be respectively applied for token burning, liquidity increasing, NFT repurchasing and project management reserving (as shown in the figure below). 

The burning mechanism refers to permanent deletion of cryptocurrency during token circulation. The application of burning is simple and common in the cryptocurrency industry.

Practically, it means to “burn” (or remove from circulation) a specific amount or proportion of available tokens. Burning provides investors with great incentives by controlling the total amount of the token.

NFT Stake Mining

To further increase the value of NFT, we will set up an ETH donation pool to collect funds from the community. Donators will receive a special type of NFT which can be composed with other released NFTs and transformed to another precious type of NFT. This precious NFT will enjoy a more efficient farming compare with other NFTs.  The donation will be specifically used to providing fund for NFT staking. The initial donation will be provided by the project owner, and the following donation will be provided by the token society.

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