Bitcoin may be trading below $40,000 again, but DeFi newcomer DeFi Coin (DEFC) is currently delighting investors: the coin has just reached a new milestone, as DEFC holders can now stake DeFi Coin on BitMart - for an annual return of 65%!
DeFi Coin launches staking with 65% APY
Promising DeFi project DeFi Coin (DEFC) is now offering staking on crypto exchange BitMart: DEFC holders can stake the token there and receive an annual return of 65% in return. BitMart is an already established exchange: the exchange was launched in 2017 and has more than two million global users.
Exclusively on BitMart, DEFC Staking is now available for registered users. You can participate simply by depositing at least 2,500 DEFC into your BitMart DEFC wallet. BitMart's intuitive interface also makes Staking effortless to activate. It's done with a simple click via the mobile app. The estimated annual return is then up to 65%, as mentioned above.
Bitmart To Facilitate Staking of DeFi Coin (DEFC) Starting From Tomorrow - Deficoins.ioBitMart launches the staking of DeFi Coin (DEFC) on August 3rd, 2021. This attracts 65% APY earnings for users, paid in DEFC tokens. The BitMart
65% annual return is very high compared to many other Staking Coins. Many other staking coins only offer an APY between 1.5 and 15% on exchanges. It is quite possible that DEFC's high staking yield will lead to further price gains for the DeFi project in the coming days.
BitMart calculates the initial distribution of DEFC staking premiums each month. The initial staking period is from 3 August 2021 to 3 September 2021, with the total amount distributed evenly across the staking premiums accumulated during this period. The DEFC premiums are calculated daily and distributed monthly. The distribution will take place before the 9th of each month. And: There is no lockup period.
What is DeFi Coin (DEFC)?
DeFi Coin is a cryptocurrency from the field of decentralised finance. DEFC can be lent, borrowed or staked on decentralised apps. DeFi Coin focuses on independence: DEFC holders can trade directly with each other without third parties exercising control. In addition, the protocol offers staking rewards - just like traditional dividend income. Simply put, your rewards are in direct proportion to the amount you contribute.
The protocol's native token is DeFi Coin (DEFC). The token is based on the low-cost Binance Smart Chain and exists exactly 100 million times. Users have the option of trading DEFC from wallet to wallet.
A special feature of DEFC is that the protocol charges a 10% fee for each transaction. 5% of this fee goes to the DEFC token holders. The remaining 5% provides liquidity on decentralised platforms. And now DEFC holders on BitMart get the option of 65% staking APY.
With 65% APY, DeFi Coin should also be one of the top projects to generate passive income.
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