DeFiCopper
We are Expanding the DeFi World with our New Proof of Burn Token, DeFiCopper. Decentralized Finance is a New Economic Practice which by Definition is a Decentralized means of Holding Value, and Earning more is what DeFi is Really about. And by Adding Burn Mining we are adding something that has been missing, as Burning has been becoming more and more Popular, and Proof of Work Mining is kind of Pointless as a Token because there is no Use for the Currency (with Blockchain the Coins can be used to Fund Tokens, and to Pay Fees, with a Token Proof of Work is just a Hard to Obtain Token, with no use beyond that on its face), and Proof of Stake is alright because it adds the Use of Staking so that there is a Reason to HODL, but Proof of Stake is still not Proof of Burn, because Burning is a Step Beyond HODL. HODL Raises the Value of a Currency (Holding on for Dear Life) and this can be seen in various instances, for example, if Bitcoin Drops in Value and You Sell Yours, You are Contributing to the Price Drop. If You HODL during a Price Drop, You Help Raise the Value of the Currency. If you Burn, You are on Permanent HODL, by Burning You are Removing Your Tokens from Circulation. And Burn Mining Gives an Incentive to Burn, in Fact Burning will be Competitive.
To Burn Tokens, Everyone will Send their Tokens to this Burn Address:
0x000000000000000000000000000000000000dEaD
DeFiBronze is a Sister Project, the Main Difference is this:
With DeFi Copper it is a Pure Burn Mining Token, when You Burn Tokens You get a Share of all Future Mined/Minted Tokens, You forever will get a Share, You are a Miner by being a Burner.
With DeFi Bronze, it is also Proof of Burn, but when You Burn You get all Past Shares for what You Burned also, and that Portion comes out of all Other User's Wallets.
So,
DeFiCopper = Pure Proof of Burn
DeFiBronze = Proof of Burn with another Aspect
DeFi Bronze
https://bitcointalk.org/index.php?topic=5496992.0
We are going to be Creating many DeFi, and SocialFi and Other Tokens, as well as a few Blockchains, and will be Helping Other People make their Own Tokens. We are going to be Creating an Entire Ecosystem. This Thread "Where DeFi is Headed" is meant to Help People understand Tokenomic Structures, Algorithms is what we are doing here.
Where DeFi is Headed
https://bitcointalk.org/index.php?topic=5296168.0
How Proof of Burn Works
Wallets:
https://www.coinbase.com/wallet/downloads
Specs:
60 DeFiCopper (DFC) Tokens are Released Every Minute, if this were Traditional Mining we would call this a Block Rate of 1 Minute, and Block Reward of 60 DFC.
There are 18 Decimal Places, so Everyone should be able to always get their Share
Instead of Blocks and the Person who has the most Burned getting all the Blocks, Everyone get their Share Every Minute. If You have done 1% of the Burn in the History of the Token, You will get 1% of the 60 DFC per Minute.
Mining has Started less than a Day before this Thread was Posted and there is an AirDrop happening, so we are working to make it a Fair Launch
The Max Supply is 5 Billion, which should last 8 Generations of Human beings, so if the Polygon Blockchain Stays up for 8 Generations, so will this Currency and the Dynamics could get very interesting over all that Time. We could be the Founders of a Currency used in a Space Colony and we don't even know it yet.
Contract:
PolygonScan
https://polygonscan.com/token/0x62A539145D14A1F59493E1C29826e3cfEBe1e9dE
Contract Address
0x62A539145D14A1F59493E1C29826e3cfEBe1e9dE (This is not the Burn Address, do not send Tokens to this Address)
Listing:
We will be getting Listed on QuickSwap ASAP and TribalDEX.
