Defibox - an EOS-based universal DeFi platform. The resource helps to improve the efficiency of the distribution of funds. In other words, it is a service, where users can exchange their funds at competitive prices. The advantages of the platform are that it is transparent, fair and user-friendly. This, in turn, contributes to the development of the EOS ecosystem.
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Defibox history
Defibox - a professional all-in-one DeFi app platform on EOS. The Defibox team has created and manages it. And it receives funding and support from Newdex. The project was launched on July 21, 2020 and is intended to be the DeFi application platform, widely used by EOS users. Currently, the resource has launched two protocols, namely: swap and stable coin USN (previously Danchor project). And soon it is planned to launch a number of more protocols, such as:
- decentralized lending;
- synthetic assets.
In the future, the team will organize a “BOX DAO” management community, which mainly consists of holders of resource tokens. Selection will be done by voting on governance issues. Or proposals for joint support of the work and development of the project.
However, the ultimate goal of BOX DAO - to dissolve the executive team and achieve fully decentralized autonomy. It is also worth noting that all Defibox protocols are open. This means that any person or organization can visit and use it without any restrictions.
Defibox token
BOX - a DeFi governance token. The value of BOX is mainly achieved through the platform's manageability. After the creation of the BOX DAO, token holders can vote on the choice of key protocol parameters. It also includes the ability to make decisions on various issues such as the BOX recording plan, configuring the DeFi protocol logic, the DeFi protocol development plan, etc. Since BOX owners have the right to determine important parameters of the DeFi protocol, they will become participants in the decision-making process in the development of the resource. and will benefit from management.
Mining for Defibox
The platform is issuing a token for the EOS main chain with a total supply of 100 million. They are released linearly from 0, using a 100% mining method with no private placement, no reservation or pre-mining. 20 million BOX are distributed for mining in the swap market, and the token release and the mining market will start at the same time. As far as the release rules go, 0.128 BOX is released every second and ends in about 5 years. The specific distribution rules are as follows:
| 0.0896 BOX | Released to the market mining pool for market mining. |
| 0.0288 BOX | Released to the account of the team for use in product development, operation and promotion, team incentives, risk reserves, etc. |
| 0,0096 BOX | Credited to Newdex account as a reward for helping and supporting Newdex. |
By becoming a market maker to provide liquidity, you can receive BOX incentives from the mining market pool. The number of BOXs, received by market mining per second = share of liquidity provided, converted to EOS × 0.0896.
Additional information
If you want to know more information regarding the project, you can check out the WhitePaper. Since the resource team does not maintain social networks, you need to follow the latest updates of the service on the official website.