Firstly, the team, Demodyfi, would like to thank everyone in the community for showing great support during our IDO launch on the 10th. Despite the conditions of the crypto market, $DMOD reached a point on which we are proud and shows the belief in Demodyfi’s product & vision. It was a great IDO & we will always remember the day as it brought a lot of attention & appreciation to our organization.
Decentralized claiming strategy
This approach of token distributions allows our investors and token holders to become owners of their $DMOD token from day one. Once vested, it can be the only whitelisted address that can claim a token on every unlock schedule time. Such an approach brings more trust since as a founder or as a team, we do not have a right to do anything with your token. The Demody Team will never have the right over your token, your tokens are yours.
App: vesting.demodyfi.com
We are building a method so that the decision to claim it at the right time is in your hands — i.e. it’s up to you when you want your token for example staking or harvesting.
Secured by Open Zeppelin, the tokens will always be available on your vesting contract. So if the owner wants to claim the token and hold $DMOD in their wallet, they can claim any time. It will always be available at your vesting contract address.
Our Vesting and token release Strategy
In line with our token economics:
- We deployed a factory contract that creates vesting contracts for all seed, private & public investors.
NOTE; everyone who bought $DMOD from the BSCPAD IDO sale can claim the tokens from the BSCPAD dashboard, and not from the Demodyfi claiming app, although we’ll still show the vesting details for those addresses.
- We then transferred all the investor’s tokens on the contract.
- All investors can fill in their vesting and start claiming the tokens as per the vesting schedule.
What does NOT change
- Tokenomics stay the same
- The release and vesting schedule stays the same, for the public 33% every month.
- Everything else except the technical method of token distribution stays the same.
Advantages:
- An investor has the right of their token from day 1.
- Investors don’t have to approach the team on release dates to ask for token release.
- Investors can claim their token at any time once a vesting contract is created.
About Demodyfi
Demodyfi is an automated market maker platform that is built on the ethos of blockchain. It delivers decentralized financial services in a fully decentralized network whose control is fully decentralized, with each user contributing to the platform’s decision-making activities. Furthermore, the setup ensures transparency of all network activities, thus creating a trusting environment for its users.
Demodyfi also provides an ecosystem where decentralized users can gain tokens from platform activities and generate wealth from the tokens through decentralized exchanges.
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