Review on DigiFinexToken by The hsotaka
My review about Digifinex Token
Today i want to share the things i experienced at my research on DFT, the Digifinex Token.
DFT is a ERC20 token with a total supply of 2 100 000 000 coins.
It runs on the Ethereum blockchain.
DFT is the native token of the Digifinex exchange and is currently only listed on Digifinex. So if you want to buy some DFT, you will need an account on Digifinex.
Digifinex offers a huge amount of benefits to their DFT holders:
- You can enjoy better fee discounts for position locking!
- You'll earn additional rewards during the lockup period of DFT!
- You can apply to be a OTC merchant!
- You'll be eligible for additional event rewards!
- You'll enjoy 25% discount for handling fees!
- Act as margin for listing of project tokens
.
- You can use the invitation & referral rewards
.
- You can vote at the "Community Token Listing" events.
- (Of course) you can use the DFT Market pairs.
An advantage compared to other exchange utility token is the fact that you are already able to use DFT for purchasing real goods in some asien stores:
- You can buy food, drinks and public transport in some stores of Korea.
- There is a big jewelery store in Singapore where you can purchase jewelery with DFT.
My opinion:
There are a lot of utility tokens out there, most exchanges created their own native token. DFT comes with some additional benefits and use cases, compared to other utility tokens.
Nevertheless i still would be careful with utility tokens in general.
DFT is only listed on Digifinex and the price and success of this coin only depends on the success of the exchange. There are hundreds of exchanges out there so there are a lot of competitors. I'm pretty sure, not every exchange will survive in the future.
So i would recommend: Don't invest too much money in utlity tokens.
Pros
- Native token of the Digifinex Exchange which offers great discount for users of the exchange.
- Use cases outside of the exchange. You can use it to purchase goods in stores!
- You can use DFT to pay for food, drinks and public transport in korea.
- You can use DFT to pay jewelery in SK, one of the largerst jewelery stors in Singapore.
Cons
- Only listed on Digifinex, no other exchange listed this token.
- Unknown market capitalization because of unknown circulating supply.
- Still a ERC20 token, runs on the ethereum blockchain. No own chain.
