It feels like it’s only been three months since we have started DFSocial gaming but it’s already been 10 months! And there’s many more months and years to come!
The team has been communicating with our DFS community throughout the past 10 months and we’re very proud of what we have been able to achieve as a project but also with our community and faithful holders! As we always say, we’re a community driven project and that’s exactly what make us keep growing. DFSocial has reached over 23,000 followers across all of our social media!
We’ve been working tirelessly to adapt ourselves and DFSocial to any circumstances. We have been listening to our community and that has pushed us in the right direction in this short period of time: We have had the Binance Smart Chain token launch to avoid the high Ethereum fees to our users, changes to the tournament requirements, constantly adding new games and game modes to our Gaming Platform, amongst many other things we have been working on in the background.
The DFSocial team has determined that we’re now ready to take a step forward and make a change that has been asked by our community for a while!: we’re launching a new token! Now that the ETH Staking Pool has been closed, we are about to start an optimized second distribution phase of our token by decreasing the selling pressure and making DFSocial even more attractive for new investors. We’re going to make it! Excuse me… We’ve already made it! DFSocial Gaming ($DFSG) is our new token that will be integrated into all our services from the 1st October 2021: Gaming, DeFi (Staking and Farming), NFTs Marketplace and Predictors. The maximum supply is thousand (1,000) times bigger than our old token, that means 21 Million. The same amount as Bitcoin!
$DFSG Address: 0x612C49b95c9121107BE3A2FE1fcF1eFC1C4730AD
🙌 Necessity and Benefits
The new token ($DFSG) will provide a better end-user experience but it will mainly improve our new marketing plans which you’ll see in the coming months. Let’s jump into the details:
- Major attraction of new investors. Now we’ll have a higher number of maximum tokens (1,000 times more → 21 Million $DFSG) which will lead to a lower price per token compared to the old one ($DFSocial). This will catch people’s attention as many people focus on the price but not on the market capitalization, but thats what really matters. That makes $DFSG much more attractive!
- New brand identity. The new token ($DFSG) will allow us to build a unique symbol to optimize our SEO strategy, visibility on our social media, web traffic, custom searches and much more. Rebranding will be the main theme in the coming months!
- 1-token unification. Until now, we’ve had $DFSocial on the Ethereum network and $bDFSocial on Binance Smart Chain. Starting now, $DFSG will be the all-in-one! No more arbitrage between them. $DFSG holds the whole utility DFSocial has to offer!
🔄 Swap your tokens: $bDFSocial → $DFSG
If you’re a holder of $DFSocial token on the Ethereum network you’ll have first to swap to $bDFSocial on Binance Smart Chain and then to $DFSG. Please click here and follow the steps.
The $bDFSocial holders will be able to do it directly through 👉 DFSG Bridge 👈 in our website. The exchange rate between $bDFSocial and $DFSG is 1:1000 respectively. This bridge will be active until the 30th October 2021 at 23:59 UTC.
🔥[PROMOTION PERIOD]🔥 Those who swap their tokens before the 8th October 2021 will get a +5% bonus in $DFSG token. During this period, you’ll receive 1050 $DFSG for every 1 $bDFSocial you bridge!
✨ $DFSG: Phases and Utility
Our new token will hold the best from the 2 old tokens ($DFSocial & $bDFSocial). The $DFSG holders will be able to use all services of your platform: Gaming, DeFi (Staking and Farming), NFTs Marketplace and Auctions, Predictors and many more. All of this will be possible with the low fees that the Binance Smart Chain has to offer! Let’s see the phases we’ll go through in the next 2 months:
- October 2021 — $DFSG Bridge
The first day of October we will enable the bridge to swap $bDFSocial to $DFSG. This new token will provide you access to all the services mentioned above. During the whole month of October the $bDFSocial/$BNB Pool on Pancakeswap will be available for those who want to buy $bDFSocial and swap to $DFSG.
- November 2021 — $DFSG Liquidity
The first day of this month we will add the liquidity to the new Pool $DFSG/$BNB on Pancakeswap. From that point in time the old Pool $bDFSocial/$BNB won’t have liquidity to start operating with our new token $DFSG. The new Pool will contain the liquidity from the old one plus extra added from DFSocial team proceeding from fees and ecosystem’s income. That means the minimum liquidity will be at least $150,000 plus the liquidity added from our community. This change won’t affect the price directly of the token. The $DFSG price will be 1,000 times lower than $bDFSocial at the moment of the pool’s creation. This also won’t affect the holders because despite the new token having a price 1,000 times lower, you’ll have 1,000 times more tokens.
To sum up, on the 1st of November 2021 the market capitalization of DFSocial will be the same as it is right now but we’ll have a much more attractive and competitive token in the crypto-gaming market. It’s time to show who have the power!
Let’s see an example! With the old token, if a holder had 10 $bDFSocial at the price of $200 per 1 $bDFSocial, the value of his tokens would be $2,000. On the other hand, with the new token the holder will have 10,000 $DFSG (10x1,000) and the unit price per $DFSG was $0.2 ($200/1,000) this means the holder’s portfolio value would be $2,000, exactly the same.
The DFSocial team has not changed the reserved tokens distribution (Gaming, Marketing, De-Fi Services, Team and Future Reserves). We’ve kept the same number of remaining tokens that were left after the last months of use.
The amount of $DFSG comes from $DFSocial + $bDFSocial tokens multiplied by 1,000. There’s a saying in crypto: “Don’t trust, verify”. Let’s take a look below at the current distribution and the wallets holding the said wallets.
- Gaming Reserves: 4,100 $bDFSocial 👉 4.1M $DFSG
- Marketing Reserves: 1,050 $bDFSocial 👉 1.05M $DFSG
- Team Reserves: 640 $bDFSocial 👉 640K $DFSG
- De-Fi Reserves: 350 $bDFSocial 👉 350K $DFSG
- Future Reserves: 700 $bDFSocial 👉 700K $DFSG
- Staking previous burn: 2,385 $bDFSocial 👉 2.385M $DFSG
- DFSocial Bridge (Holders): 11,775 $bDFS 👉 11.775M $DFSG
⚠️ Staking and Farming services with $DFSG
Stakers and Farmers! Now it’s time to withdraw (or wait until the lock up period ends) and swap your tokens through DFSocial Bridge.
This is not the end however! We have just deployed the new Staking and Farming Smart Contracts to keep offering our unique DeFi services for much longer! Both old Pools will close on the 31st of October (Staking and Farming).
- The new Staking Pool will be available the 1st of October 2021 with $DFSG. We will keep the same features: 20% base APY and the posibility to boost +10% your APY getting one of our special NFTs in our Auctions. Are you one of these NFT holders? Awesome! You can still get that extra APY! Make sure you stake your $DFSG tokens to the new Pool with the same wallet address (the one which you bought the NFT from) and check (click) the option “Boost +10% APY with NFT” before staking your tokens.
- The new Farming Vault will be available on the 1st of November 2021 when we create the $DFSG/$BNB Pool on Pancakeswap. More good news: we will release a new Farming vault with a higher APY and much more attractive. Stay tuned!
The DFSocial team is very happy to be taking this huge step forward after seeing how our project has grown in the past 10 months. We’re more than ready to start the new DFSocial phase where we will release the big things we’re currently working on. This includes more information and the launch of our new game, partnerships and collaborations, exchange listings and many more! Thank you to our supportive community!
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.
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.