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DiffEx (DFFX)

ICO
Ongoing
Sep 21, 2021 – Dec 21, 2021

DiffEx (Differentials Exchange) is the first DeFi platform allowing for the creation and trade of options contracts for Ethereum tokens (ERC20), unlocking new value and hedging strategies for many ERC20 token holders.

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Overview

Project industryFinance Services & Banking
Product typePlatform
FoundedUnited States

What is DiffEx

DiffEx is a DApp (Decentralized Application) platform creating the ability for users to create, buy, sell, and execute options contracts for ERC20 tokens.

Each options contract is either a covered call, or an Ether secured put. Each contract also has a strike price (the price per underlying token paid on execution denominated in Ether) and expiry (block number after which the option cannot be executed). The DiffEx smart contract handles balances, option writing and execution, as well as order execution. When DiffEx is launched on the mainnet, the DFX token will be able to be staked in the contract for reduced platform fees, profit sharing, and platform upgrade voting.

The global options market for equities and currencies surpassed $1.3T in value in 2020. With the value of non-stablecoin ERC20 tokens totaling over $200 billion in market capitalization, a decentralized options protocol for this market doesn't yet exist. DiffEx aims to provide for this untapped market by creating a decentralized platform based on the Ethereum network that allows users to write, trade, and execute options on ERC20 tokens through a smart contract.

All DiffEx trades, balances, and options are managed trustlessly through an open-source smart contract running on the Ethereum network, providing peace of mind to traders and making exchange hacks a thing of the past. Order liquidity is maintained in distributed order books, kept secure by Ethereum’s ECDSA cryptography, creating resiliency and making fraud impossible.

DiffEx's network token, DFFX, will allow traders to stake for reduced platform trading fees and profit-sharing, providing a compelling value proposition as the platform gains users.

Details

Pre-sales: Aug 20, 2021 - Sep 20, 2021
Public sales: Sep 21, 2021 - Dec 21, 2021
Pre-sale token supply: 20,000,000 DFFX
Token supply: 100,000,000 DFFX
Total tokens for sale: 70,000,000 DFFX
Soft cap: 20 ETH
Hard cap: 30 ETH
Raised: 1.0472 ETH

Legal

Blockchain Platform: Ethereum
Registration country: United States
Registration year: 2021

Token info

Ticker: DFFX
Type: Utility-token
Token standard: ERC20
Token price in ETH: 1 DFFX = 0.0000153 ETH
Accepted currencies: ETH, Other

DiffEx Roadmap

1
May 1st 2021

Beta launch on Ropsten testnet

2
August 1st 2021

Dashboard redesign launch

3
August 20th 2021

DFX Presale starts

4
September 2021

DFX Presale ends. If presale funding goal is met, ICO launch begins

5
Q1 2022

DiffEx launch on mainnet, allowing users to buy and sell options on popular ERC20 tokens.

6
2022

Partially collateralized options and support for other options strategies development begins for DiffEx 2.0

7
2023

DiffEx 2.0 Launch

Social media

DiffEx web-siteDiffEx RedditDiffEx TelegramDiffEx TwitterDiffEx DiscordDiffEx Github

MVP

MVP URL

User rating:

5/5 ( 1 )
6

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