What is DeFi Land (DFL)?
DFL is the native token of DeFi Land, which is an agriculture-simulation game that operates on multiple chains. The game is accessible for free. However, in order to access the Play-to-Earn feature offered by the game, users have to reach a certain tier by playing. DeFi Land players can earn by crafting, fishing, creating unions, trading, and competing with other players. Additionally, the game features unique NFTs that represent various characters and in-game items.
However, DeFi Land is a bit different from most DeFi projects. Instead of creating its own environment from scratch, it aggregates established protocols. This means that DeFi Land users are able to use well-known protocols integrated into one place. This includes swaps, lending platforms, DEXs, and so on.
If you are interested in knowing the DFL price, check out the DeFi Land price chart above.
Use Cases of DFL Tokens
The DeFi Land coin has various functions within the platform. This includes governance, staking, rewarding, and being used as an in-game currency.
In terms of governance, DFL holders can vote on proposals such as adding new protocols and features to the DeFi Land crypto project.
Talking about staking, DFL holders can generate passive income by staking their tokens. Besides acting as a reward for staking, DFL is also used for rewarding in-game activities.
Moreover, DeFi Land tokens are used to purchase in-game items such as various NFTs used to customize the look of their farmlands.
Additionally, the token will be used in 'crafting,' 'upgrading,' and 'boosting' modes in the future.
If you plan to acquire DFL tokens, don't forget to make a thorough DFL price analysis beforehand. Use the DeFi Land price chart above.
Who Founded DeFi Land?
A developer named DFL Erwin founded the DeFi Land crypto project in 2021. He currently leads the team. Another leading member of the team, who is the head of partnerships, goes by the pseudonym DFL Will. Overall, all DeFi Land team members are pseudonymous.
Tokenomics of DFL
The max supply of DFL tokens is 9,774,000,000. The following is the distribution of DeFi Land tokens:
- Gaming and staking rewards – 41%;
- Team and advisors – 21%;
- Seed sale – 20%;
- Ecosystem – 12.5%;
- Community incentives – 2.5%;
- Liquidity – 2%;
- Public sale – 1%.
Since the supply of DFL tokens is limited, the token should become more scarce in the future if the demand becomes bigger than the supply. This should reflect positively on the DeFi Land price.