What Is Defly Token (DEFLY)?
Defly Token is Algorand’s first DEFI wallet app redefining decentralized trading. Charts, swaps, stats in one mobile app, with full Algorand composability. They combined the best features of traditional crypto trading and real-time portfolio monitoring with the independence and security of DEFI. Defly app is compatible with iOS and Android and connects to the Algorand protocol. It links to any existing wallet address and displays charts and metrics of both the market and personal trading performance.
To write to the Algorand protocol (sending funds, trading) Defly can save keep the user’s private keys. It stores these keys locally and fully encrypted similar to the official Algorand Wallet, in a non-custodial way. Rollout of the app has already started and is scheduled in three phases: (1) closed beta (2) open beta (since Feb) (3) production release in Apple App Store and Google Play Store in April.
Defly Token Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Defly Token |
| Short Name | DEFLY |
| Circulating Supply | 300,000,000.00 DEFLY |
| Total Supply | 1,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Tokenomics
The Defly Token (ASA-ID: 470842789) was created on Dec 17, 2021 with a fixed total supply of 1 billion tokens. $DEFLY tokens are used in the fee* model of Defly app. They run an aggressive schedule to be the first in decentralized trading. This means they will have the app out early 2022 and will focus on expanding to multiple protocols including cross-chain bridges in the second half of 2022.
Made by Blockshake
The driving force behind Defly Token app is Blockshake. They are a crypto-centric team with the goal to use advanced cryptography and modern interface design to build out the tools for a decentralized world. Your core team is evenly split between Austria and Italy and consists of Hannes, Otto, Stefan, and Kevin. They have extensive experience in application development, server deployment, big data, machine learning, open source, research, and business development .
Besides Defly, your main effort is solving digital voting. They are researching and actively developing software to disclose just the right amount of information to the permanent record of the blockchain. Your focus is on the application of zero knowledge proofs for anonymity-respecting, end-to-end verifiable systems.
Privacy Policy for Defly
This privacy policy governs your use of the software application Defly (defly.blockshake.io) for mobile devices that was created by Blockshake. The Application is providing charts, swaps, stats in one mobile app, with full Algorand composability. When you send a feedback email they can access your name and your email address.
Defly Token may also use the information you provided to contact you from time to time to provide you with important information, required notices and marketing promotions. Defly accesses the camera of your device in order to scan QR codes. Camera images are only used for this purpose and are not shared or transmitted further.
Automatically Collected Information
Defly Token addition, the Application may collect certain information automatically, including, but not limited to, the type of mobile device you use, your mobile devices unique device ID, the local IP address of your mobile device, your mobile operating system, the type of mobile Internet browsers you use, information about the way you use the Application and the specific configuration information (local IP address, quality, settings, transmission time) needed to transmit to the target device, i.e. to the target browser.
Automatic Data Collection and Advertising
Defly Token may work with analytics companies to help understand how the Application is being used, such as the frequency and duration of usage. They work with advertisers and third party advertising networks, who need to know how you interact with advertising provided in the Application which helps keep the cost of the Application low. Advertisers and advertising networks use some of the information collected by the Application, including, but not limited to, the unique identification ID of your mobile device and your mobile telephone number.