Where to Buy DeFi Coin (DEFC)

The digital token DeFi Coin (DEFC) was launched in 2021 and is the native coin of DeFi Swap exchange – a decentralized exchange (DEX). DEXes eliminate the need for buyers and sellers to go through any centralized third party by allowing them to exchange value directly with other market participants, using automated market maker (AMM) technology and liquidity pools.

DEFC operates on the Binance Smart Chain and supports the protocol to achieve its decentralized finance goals – with a similar utility to Uniswap (UNI). The UNI token had an over 150x bull run when it launched on centralized exchange Binance in September 2020 – pumping from $0.30 to $45.

DEFC similarly had a 40x bull run in 2021 – from $0.1 to $4 – before retracing most of that move (as UNI did after its first mini-bull cycle) then bouncing 10x. Could DEFC be the next DeFi coin to blow up when it’s listed at major exchanges? So far it’s only been listed on one CEX – Bitmart – alongside Pancakeswap.

The official website of the DEFC project is DeFiCoins.io, where you can find links to the official social media channels such as Telegram, and meet the team. The DeFi Swap DEX is also accessible from there.

How to Buy DeFi Coin – Full Guide

Let’s take a closer look at how to buy DEFC in detail:

Step 1: Install a Crypto Wallet

The very first step is to make sure you have a wallet that can link to the DeFi Swap crypto exchange. Since DeFi Coin and DeFi Swap run on top of the Binance Smart Chain, you’ll need a crypto wallet compatible with this network.

MetaMask and Trust Wallet are the two dominant players in this space. We believe that MetaMask is the best option here because the wallet can also be accessed via a Google Chrome extension in addition to a mobile app. Even so, we will review the process of using both wallets:

How to Install MetaMask?

Clicking on Receive button copies the address of your Bitcoin Cash wallet to the clipboard. The transfer can then be completed by navigating to the wallet or exchange where your BNB tokens are deposited.

MetaMask BNB Address: How to Get It? 

We must first connect to the Binance Smart Chain in order to obtain our BNB wallet address from MetaMask. Crypto traders typically do this by going to ‘Settings’ and then clicking on ‘Add Network.’

Firstly, click on the MetaMask button in the Google Chrome extension, and then click on Networks. It can show your Ethereum mainnet name by default.

Then, click “Add Network” to proceed to the next page.

Then you can copy and paste the following information into the appropriate fields:

To copy the address, click the icon that is located next to it. The BNB tokens can then be transferred to MetaMask from an external crypto wallet or exchange.

Step 3: Connect Wallet to DeFi Swap Exchange

You can proceed to buy DeFi Coin as soon as you have moved BNB to your MetaMask or Trust Wallet application. Click the “Connect Wallet” button to get started.

In order to link a wallet to the exchange, you will be presented with two options, MetaMask and Trust Wallet.

Depending on which wallet you use, you can select either. If you choose MetaMask, your device will display a pop-up notification asking you to confirm that you want to connect your wallet to DeFi Swap. Simply accept if you wish, and it will be ready to trade.

How to Link Trust Wallet to DeFi Swap Exchange?

There is an additional step if you choose WalletConnect.

When you select this option, a QR code will be displayed. All you need to do is to open your Trust Wallet application, and then select the settings. Under settings, click on Wallet Connect and then New Connections.

1. Click Settings
2. Click WalletConnect
3. Click New Connection in the Trust Wallet app.

After that, scan the QR code from DeFi Swap Exchange and confirm that you want to link to DeFi Swap Exchange using your Trust Wallet app.

Step 4:  Setting Up DeFi Coin (DEFC) Swap

The next step in this tutorial is pretty similar for both MetaMask and Trust Wallet. Create a swap order in which you convert BNB coin to DeFi coin. That is, of course, after you have connected your wallet to the Defi Swap Exchange.

DeFi Swap will display BNB as the digital token used to pay for the exchange by default. DeFi Coin will also be displayed as the digital token to be received from the exchange. As a result, all you have to do is specify the number of BNB tokens you want to exchange for DeFi Coin.

In the screenshot, the transaction exhibits a swap of 0.003 BNB for just over 2.2 DEFC tokens. If you agree to proceed, click the ‘Swap’ button to begin.

Step 5: Get Ready to Buy DeFi Coin (DEFC)

Once you click on the swap option, a pop-up box will appear on your device, asking you to verify your swap. This notification will pop-up on your MetaMask or Trust Wallet and swap won’t be executed until you confirm there.

As soon as you confirm the exchange via your respective wallet, your BNB will be instantly exchanged for DeFi Coin.

Step 6: Import DeFi Coin Contract Address 

Like the majority of Binance Smart Chain tokens, DeFi Coin is not displayed by default in wallets. Therefore, once your DeFi Coin purchase has been finalized, you must manually add the token’s contract address to your preferred wallet.

Store DeFi Coin in Trust Wallet

In case of Trust Wallet, you must first click the settings icon in the upper-right corner of the interface. Scroll down and click ‘Add Custom Token.’

Check that your wallet is linked to Binance Smart Chain rather than Ethereum.

If this is the case, copy and paste the following into the ‘Contract Address’ field:

0xeb33cbbe6f1e699574f10606ed9a495a196476df

The following blank fields should then be filled in automatically.

Return to your Trust Wallet interface by clicking ‘Done.’ You should now be able to see your DeFi Coin purchase.

How to Import DeFi Coin to MetaMask?

You can manually add DeFi Coin to MetaMask by clicking the ‘Import Tokens’ button.

Then, select the ‘Add Custom Token’ option.

What is DeFi Coin Used For?

Is DeFi Coin going to be the next cryptocurrency to explode in 2024? DeFi Coin (DEFC) is a digital currency built on top of the Binance Smart Chain. The token powers the DeFi Swap ecosystem, a decentralized exchange that offers a variety of crypto-centric services.

This includes being able to:

• Instantly exchange one digital token for another without the need for a third party.
• Provide liquidity in exchange for a portion of the trading fees generated by DeFi Swap.
• Earn an attractive APY by farming crypto yields.

Importantly, you can buy cryptocurrency on DeFi Swap in a completely decentralized and private manner. Being a DeFi Coin holder provides numerous advantages. For example, all buy and sell transfers are subject to a 10% tax. This is done to discourage market speculators from trading DEFC. Rather, the project seeks long-term investors.

DEFC holders receive 50% of the tax from each transaction. The more tokens you possess, the larger your share. The remaining 50% is then added to the DeFi Coin liquidity pool.

Another interesting aspect of DeFi Coin is that it has the chances to be a great altcoin investment in 2022. The reason for this is that DeFi Coin has a very small market capitalization, and as a result, the upside potential is enormous.

However, there are no assurances that DeFi Coin will perform well, so always conduct your own research and never invest more than you can afford to lose.

Is DeFi Coin a Good Investment?

Many market observers believe that decentralized exchanges, or DEXs, will eventually supplant centralized platforms like Binance and Coinbase. Even so, if virtual currencies are decentralized, the exchange process should also be.

• That’s where DeFi Swap tends to come in, as its inventive but simple datasets show users to convert digital currencies without the use of a middleman.
• Instead, the underlying smart contract executes all swaps.
• It should be noted that DEXs are still in their early stages because trading volumes are still shallow compared to what centralized exchanges generate.

However, this is also a benefit because you can gain exposure to a new DEX, such as DeFi Swap, while the industry is still young. As a result, as DeFi Swap grows in popularity, the value of DeFi Coin may rise dramatically.

Low Price Point

Another advantage of purchasing DeFi Coin is a cheap digital currency. This means that you can buy many tokens with a small investment.

As of this writing, a single DeFi Coin is worth around $0.3675 per token at current exchange rates. As a result, a $100 investment will net you 36 DEFC tokens.

Several more virtual assets now trade for thousands of dollars in comparison. A small investment would get you a fraction of a token in this scenario.

DeFi Coin price chart during the early May Bitcoin and Terra (LUNA) crash

Low Market Cap 

Shrewd crypto investors will frequently seek high-quality gems with a low market capitalization. As a result, the upside potential is highly appealing.

As of this writing, the digital token DeFi Coin has a fully diluted market cap of $35 million. As a result, the project’s growth potential remains very high.

Transaction Tax

DEFC sells are subject to a 10% transactional tax on each transaction.

For instance:

• Assume a trader sells $50,000 in DEFC tokens.
• As a result, 10% of this is taxed.
• This means the trader would be paid $4,500
• The remaining 10% is distributed to existing DEFC holders in conjunction with the project’s liquidity pool – more on this later.

As you are probably aware, market speculators frequently seek out quick profits throughout the day. However, with a 10% taxation policy, the process becomes unviable when trading DeFi Coin.

Instead, DeFi Coin aims to attract high-level investors who intend to hold DEFC tokens for the long term. In other words, DeFi Coin’s management prefers slow, steady, organic growth over volatile and parabolic pricing surges.

Passive Income

As previously stated, DEFC transactions are subject to a 10% tax, and half of this amount is distributed as a dividend to existing token holders.

For example, as previously stated, $500 is gathered in tax for the DeFi Coin ecosystem on a $4,500 sell order. This means that $250 is dispersed to DeFi Coin holders in a single transaction.

As a result, if you owned 1% of the DeFi Coin supply, you would earn a $2.5 dividend reward.
When DeFi Coin attracts higher daily trading volumes, these dividend payouts can quickly add up. As a result, you have an incentive to hold DeFi Coin in the long term.

DEFC – The Verdict

In conclusion, if you are looking for new digital currency projects with sturdy and innovative fundamentals, DeFi Coin is well worth consideration.

This crypto asset powers the recently introduced DeFi Swap exchange, which allows users to swap tokens in a decentralized manner while also earning interest through yield farming and liquidity provision.

DeFi Coin’s team is also working on an iOS and Android smartphone app, an NFT marketplace, and other projects.

If you would like to buy DeFi Coin right now, you can quickly exchange BNB tokens for DEFC using the DeFi Swap exchange.

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