How to Launch a DeFi Token A Detailed Guide


VanessaJane

Uploaded on Jan 25, 2021

Category Business

DeFi tokens are the backbone of the decentralized ecosystem. They can be easily traded and transferred by users as tokens have a specific value attached to them and can be utilized for various purposes. It is also called a special kind of digital currency. It can perform a lot of roles in the native blockchain network or financial ecosystem.

Category Business

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How to Launch a DeFi Token A Detailed Guide

How to Launch a DeFii Token: A Detaiilled Guiide Introduction • DeFi tokens are tradable assets carrying a particular value. • The investors can trade it easily in the leading cryptocurrency exchanges in the market. • DeFi tokens play a crucial role in the massive growth of the DeFi ecosystem. • They are also called a special kind of asset or utility. What Are DeFi Tokens? • It can be used to exchange assets, for payments, and in daily trading activities. • DeFi tokens can be obtained for free by participating in various airdrop programs.  • Some of the popular ones are Chainlink, Wrapped BTC, Synthetix, DAI, and Maker. • DeFi tokens have surpassed the growth of the leading cryptocurrencies in the market. Common Features of DeFi Tokens • They are created on a blockchain network like Ethereum, Hyperledger, and Stellar. • They can be seamlessly integrated with popular DApps and asset exchange platforms. • Many types of tokens are present like equity, utility, security, and payment.  • Tokens can be swapped easily by a user after paying a corresponding swap fee. Difference B/w DeFi Token and Coin • Coins are fungible while DeFi tokens are considered to be non-fungible in nature. • Coins generally are not versatile as they have only a single use-case. On the other hand, Tokens have plenty of use cases as they can perform multiple functions seamlessly. • Coins generally are backed up by a constant supply while new tokens can be created based on the operational requirements and the market demand. • Coins cannot be recovered once it has been lost by the investor while tokens have an inbuilt retrieval facility. Simple Steps to Launch a DeFi Token • Fix the token name, total supply, and its logo beforehand. • Finalize the right blockchain network to launch the token. • Deploy a robust smart contract for automation of all the operations. Integrate a digital wallet for the smooth transfer of tokens.  • List your token on the leading crypto exchanges in the market to attract more investors and boost its sales. Factors to Keep in Mind While Launching a DeFi Token • Focus on the business goals to be achieved. • Prepare a well-planned distribution strategy for circulating your token far and wide in the market. • Publish a detailed whitepaper highlighting all the technicalities, financial information, and legal aspects of your token. • Promote your token in the market actively and offer technical support to the buyers of your token round the clock. Why Choose Blockchain App Factory • A variety of DeFi applications are created in a customized manner. • Assistance is provided for integrating the DeFi tokens with decentralized applications and boosting the overall growth. • 24x7 technical support is rendered in multiple languages by a dedicated team. • All the projects are delivered on time without imposing any hidden charges. Contact us Websiite :: https::////www..bllockchaiinappffactory..com// Emaiill IId :: [email protected] Contact No :: +91 6382 665 366