DFSocial Community! The time that we all have been waiting for has come! Our new token $DFSG is finally available on Pancakeswap! We’re pleased to announce that we’ve successfully completed the migration. The team is very grateful for the trust and support of our community.
On the first of October we announced the launch of our new token DFSG on Binance Smart Chain where the team decided to take a big step forward and start a new era. We unified all the utilities and services of our old tokens into our new token to make it more accessible and attractive for all the users. This month our holders have been gradually making the migration through our bridge where they’ve been using all our services within our platform. We’ve seen that after only 1 month our DFSG Staking Pool has surpassed 70% of the maximum capacity and a total of 329 gamers have participated in our tournaments.
From today, the first of November 2021, DFSG holders will be able to buy and sell their tokens on Pancakeswap and access all our services: Gaming, DeFi, NFTs, Predictors, and much more! Of course all of this is with the low fees of Binance Smart Chain.
📊Stats of our new DFSG/BNB Pool
As we announced recently on October 1st, the liquidity that has been used for the creating of the new pool comes from the liquidity of the pool of our old tokens (DFSocial/ETH) and Pancakeswap (bDFSocial/BNB). Part of the liquidity added with the launch of our very first pool on Ethereum is locked until December 2021. The DFSocial team will be gradually adding more liquidity to the new pool. We’re also working on new mechanisms to encourage and reward our community to add liquidity to our pool.
The initial statistics of our new DFSG/BNB pool are shown below:
- Initial Price of DFSG: $0.1973
- Initial Liquidity: $231,000
- Amount of WBNB added: 219 WBNB
- Amount of DFSG added: 630k DFSG
- Pool Address: 0x9cf0a5979f6987bc582ec019b389be417ff19880
💡IMPORTANT: Due to the liquidity of our new pool the team suggests to reduce the slippage (the difference of price when the order is requested and executed) to 0.5% or 0.1% when buying and selling DFSG on Pancakeswap, and split your orders in smaller amounts to avoid suffering from high price changes. For this 👉 click on Settings (wheel icon) and change the value in the “SWAP & LIQUIDITY” section > “Slippage Tolerance” to 0.5% or 0.1%.
🛡️Liquidity lock on TrustSwap
In order to provide the highest level of security and transparency for our investors, the DFSocial Team has locked the initial liquidity of 11,738 LP tokens on TrustSwap for 1 year as we did with the reserves tokens (announced on October 13th). You can check the transaction where the. liquidity was locked here.
The lock of our reserves and liquidity can be publicly verified through this link or access TrustSwap page and entering our token contract address 0x612C49b95c9121107BE3A2FE1fcF1eFC1C4730AD or token symbol.
🌉Bridge bDFSocial → DFSG
The team deployed our proprietary smart contract to allow holders to swap their old $bDFSocial (BSC) tokens to $DFSG (BSC) on our website with a 1:1000 ratio respectively. This bridge has been closed the 31st of October 2021 at 11:48:18 PM +UTC and it will only be opened for those holders who had their $DFSocial or $bDFSocial tokens before the official announcement of the close. For swapping the old tokens, those holders have to create a ticket on our Discord server in the #support channel where the team will specify the instructions to swap their tokens.
We’re very proud about have successfully completed the creation and migration of our new $DFSG token. The team never steps working and we have a lot of exciting news to share with all our community. We’ve been hiring more members to our team and we already have new marketing experts that will improve our brand exposure in the coming months. Get ready for the big changes you will be seeing very soon! You don’t want to miss out on them!
Thank you very much to all the community for your support and welcome to the new DFSocial Gaming era!
About DFSocial Gaming
DFSocial Gaming is a De-Fi video game platform specializing in tournaments to reward users of the platform in cryptocurrency based on their performance. DFSocial separates itself from the rest of the pack is the unique Gamer/Sponsor dynamic that allows anyone (even if you’re not a gamer) to reap the benefits of juicy prize pools. This feat can be achieved by “Sponsoring” a player, resulting in gaming prizes being distributed 50/50 automatically via smart contracts. Staking and Farming services are available to earn additional rewards.
The DFSocial ecosystem also has an NFT Marketplace with our proprietary system of NFT Auctions. Offering a wider variety of games than other crypto-gaming platforms, our loyal community regularly calls the shots as their votes on future games is the final word.