Defibox - DeFi application platform on EOS
What is Defi box?
- Defibox is a professional one-stop DeFi application platform on EOS. It is initiated and managed by the Defibox Foundation, and is also invested and supported by Newdex.
- Project launched date - July 21, 2020
DeFi Protocol
(Every DeFi protocol of Defibox is open, and any individual or organization can visit and use it without any threshold including DApp users, contract developer, etc.)
- Defibox has launched two protocols-
- Swap
- USN stable coin (formerly Danchor project).
- Defibox issues BOX on EOS main chain with a total supply of 100 million.
How to generate BOX -
Swap (20 million BOX)
Swap is a completely decentralized token swap protocol and automatic market-making protocol (AMM).
The protocol provides swap prices in real time through the constant product algorithm, and users can complete token swap instantly.
The market maker automatically earns fees paid by transaction users based on the liquidity ratio.
Swap
20 million BOX is distributed to Swap market-making mining, and the token release and market-making mining will start simultaneously.
Site link- https://dapp.defibox.io/swap/
USN Stable Coin (10 million BOX)
The USN stable coin is the original project of Danchor. The decentralized staking stable coin based on EOS was launched on January 17, 2020.
The stable coin USN (1:1 pegged to the U.S. dollar) is generated by staking EOS.
The system adopts the risk control mechanism of over-staking and liquidation to avoid market fluctuations and provide value support for each USN with sufficient staking items.
10 million BOX is distributed to USN generation mining, and the token release and USN generation mining will start simultaneously.
Site link- https://dapp.danchor.io/
For details of Release and Mining rules please click here: https://support.newdex.net/hc/en-us/articles/360046066792-Defibox-Whitepaper-V1-0
What’s benefit for Newdex VIP members
Newdex has decided to reward the full amount of obtained BOX token to NDX token holders.
How to cliam BOX
Become Newdex VIP members - https://newdex.io/