Donnie Token, The First Decentralized, and Integrated Financial Service Provider. A Community-Driven and Open Sourced Platform.
Donnie Token, The First Decentralized, and Integrated Financial Service Provider. A Community-Driven and Open Sourced Platform.
What is Donnie Finance (DON) Token
Donnie Finance is a Korea-based team with top-notch technology and is the team that IOST actively incubates.
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Donnie Team will launch a total of seven products starting with the launch of the Yield Farming Pool in February this year.
Donnie Finance will be the first project to build an All-In-One DeFi platform, including services such as DEX, Loan, Checking & Saving, Portfolio Management, Credit Analysis, and Payment.
Donnie finance has been listed on top Korean exchange CoinOne!
IOST is an ultra-fast, decentralized blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB).
Led by a team of proven founders and backed by world-class investors, their mission is to be the underlying architecture for online services that meet the security and scalability needs of a decentralized economy.
- “DON” means “money” in Korean
- “Donnie” which is a form of English nickname of “DON” is used to engage more users and be acknowledged familiar than other projects
- They focused on the fundamental principle of the financial market and seek to implement the real meaning of financial services in the De-Fi market. It is the reason why they use “DON” as the project name
Donnie Finance Review
Donnie Finance Current Market is misleading and inefficient, but Donnie has the potential to be the next generation of financial services.
The current market is too difficult for ordinary people to adopt, but Donnie is available for anyone, anywhere with any device with no complicated process.
The current Market is owned and governed by the financial service provider, not users, but Donnie is 100% community-driven and open-sourced with no intermediary.
Donnie Finance Products
Checking & Saving
- Deposit and withdraw cryptocurrency anytime, anywhere with no fee
- Deposit and earn yields with any cryptocurrency (“Token of Your Choice”)
- Token of Your Choice: IRC20 Tokens are available when launched, but will be expanded to all ERC20 and other cryptocurrencies
Loan
- Borrow and lend any cryptocurrency with an Algorithmic & Autonomous Interest Rate
- Offer sustainable system by issuing dToken which used in a smart contract to sign and terminate
- The collateral ratio is calculated based on the type of the token and credit of the user.
Exchange
- Provide a safe and stable DEX platform for our users
- Donnie token can lower the transaction and network fee
- Adopting hybrid Automated Market Maker (AMM), they seek to negate slippage
- Impermanent loss is not to be appeared by sustaining a stable swap ratio through simultaneously linking the liquidity pools’ swap ratio with an off-chain exchange ratio
Payment
- Support direct transaction between users through the network
- Lower the payment cost by dissociating of conventional bank and its network, VAN and PG company
Credit Analysis
- Evaluate appropriate credit levels by evaluating the creditworthiness of those participating in the Decentralized Platform
- Collect primary data based on data such as loans, deposits, transactions, and payments within the service.
Portfolio Management
- Aggregator service gives advice on users’ cryptocurrency investments and automatically balances users’ digital assets
- Recommends optimized portfolio based on users’ existent portfolio and credit
- Automatically farming yields to achieve the highest income
- Insurance product also integrated as one of the investment assets
Donnie Token Details
- Total Issuance : 10,000,000
- Fully community-driven and open-sourced
- Donnie Finance distributes DON to the first-movers and participants as an incentive for each of the services
- Function :- Propose new agenda on its community and vote- Able to delegate to others- Stake and lock to earn vote powers- Lower the transaction fee and network fee
Donnie Token Airdrop
The Donnie Finance team will airdrop a total of 10% of the Donnie Token supply to IOST holders and will distribute this quantity through several events.
To encourage this further, they are starting with an exchange airdrop to IOST holders on supporting major exchanges. This helps in initial exposure to the DON ecosystem as well as provides significant benefits to all IOST token holders.
An announcement will soon be made that will detail all participating exchanges. Please find updates below
How to Participate in Donnie Token Airdrop
Airdrop will be conducted on exchanges, which will be announced over the coming days. They will be updating IOST snapshot DON Airdrop support exchanges on Twitter or Medium.
Donnie airdrop ratio
- The total distributing amount for the event: 5% of Total DON supply
- Please note that we will conduct another airdrop event in the summer with the same amount. Therefore, the total amount of airdrop will be 10%.
- All users holding IOST tokens on participating exchanges at the time of the snapshot will automatically receive the DON token.
For example,
- Case A: if only A exchanges participate in the airdrop event, A exchanges will receive all of the 5%.
- Case B: Two exchanges(Exchange A & Exchange B) participate in the event. As of the snapshot on February 25th, Exchange A has a total of 30,000 IOST, and Exchange B has a total of 70,000 IOST. Participating Exchanges A and B will receive a 3:7 ratio of 5% DON token, and distribute accordingly and proportionally to their respective IOST holders.
DON snapshot date
- 2021.02.25 (Thur) 8:00 AM (UTC) snapshot will be taken first block created after Feb 25, 8:00 AM (UTC)
Release schedule
- Donnie Token Airdrop will be distributed within a week from the snapshot date. (The exact date of the distribution may vary from exchanges).
For exchanges, if you wish to support IOST snapshot DON airdrop, please close deposit and withdrawal by Wednesday 24 Feb, 16:00 (UTC) and share IOST wallet to IOST foundation.
Conclusion
Disclaimer: Investors should take the time to research any given DeFi product before they invest their funds.
