Lendefi’s Token Upgrade Giveaway
In celebration of Lendefi’s recent token upgrade and improved reward structure, we are giving away $2,500 in our native LDFI tokens.
Lendefi is celebrating our recent token upgrade. The upgrade represents a major improvement in the functionality of the LDFI token and the underlying rewards structure. To celebrate, we are running a giveaway of $2,500 in LDFI to 250 lucky winners ($10 each).
To enter the giveaway, contestants must complete some basic tasks. Winners will be randomly selected and prizes sent to their Binance wallet address within 72 hours of the giveaway conclusion. The giveaway will run for two weeks and conclude on the 14th of September, 2021. Be sure to enter and inform your friends for extra chances to win!
You can use this link to register for our giveaway.
Lendefi’s upgraded token represents a significant improvement to Lendefi’s tokenomics. The upgraded token was rebased by a multiplier of 1,000 to provide a larger token supply which is more conducive towards reward programs such as staking, farming and the soon to be released referral scheme.
New reflection features within the token allow it to increase the value for token holders and encourages price increases. This delivers a native form of staking to reward token holders. When the full staking component is introduced next month, token holders will be able to stack their staking to exponentially increase token yields.
An additional 3% Transaction Fee on all transactions delivers:
- 1% Transaction Fee — Given back to all token holders
- 1% Buy-Back Fee — Used to Buy Back and Burn tokens
- 1% Wallet Fee — For protocol & marketing funds
You can read further details about our upgraded token and tokenomics in our Medium article here.
The updated LDFI BEP-20 address is now:
Audits on Lendefi’s upgraded LDFI token, Vesting and LP Locking contracts have been completed by Chainsulting and can be viewed here:
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Lendedefi will be announcing the conclusion of our giveaway and we wish all entrants the best of luck!
The Lendefi protocol will deliver leveraged trading and secured lending to cryptocurrency markets. Utilizing an undercollateralized loan model, Lendefi facilitates a trustless relationship between lender and borrower, managed by the protocol to remove counterparty risk.