Is there an agreement from devs or does anyone know what percentage of DFI coin is owned by dev and interested parties? Just trying to do my due diligence before I invest. Also, what safeguards are in place to prevent a run on the dex? I know different mechanics were involved but I’ve been reading about iron finance.
there are a few places where you can learn more about DFI token burning and tokenomics and how the founders Julian and Uzyn burned a crap load of their own coin to prove their commitment to this Blockchain, where then had no obligation to do so. Both are fully transparent about who they are and their involvements and the success of their company called Cake Defi that supports and FULLY depends on the success of the Defichain to make the business thrive makes it all much more secure IMHO than most chains. heres a good place to start looking into the tokenomics and burn rates that help make this coin sustainable and deflationary in the long term. Plus as you read the white/pink papers you will see there is a finite supply of DFI to be minted. https://www.defichain-analytics.com/ maybe someone can locate some of the news or videos about Founders burning that I saw some months back
DFWJosh you in Dallas Texas like me? Well anyway here is one of the several articles about how the founders burned and secured the network to help it become even safer from this threat of rug pull fear and stronger tokenomics back last year. https://blog.cakedefi.com/cake-defi-to-buy-out-external-investors-agree-to-burn-400-mil-usd-worth-of-dfi-coins/
And yes, lol I’m in Dallas :)
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