In our commitment to continually broaden our offerings, we are introducing a new project addition - Decfactor (FACTR).
This article provides you with a comprehensive overview of the Defactor project, its native token, tokenomics, functionalities, and its potential impact on the crypto ecosystem.
What is Defactor?
Defactor is leading a revolution by connecting Real World Assets (RWAs) with Decentralized Finance (DeFi). The project is changing the way the world views finance by providing tools to enhance access to and liquidity of real-world assets through technology.
Defactor introduced a system that simplifies the tokenization of real-world assets and streamlines the process of bringing these assets into DeFi markets. This approach enables businesses to access liquidity supported by real-world value ultimately improving their efficiency and market presence.
In addition, Defactor prioritizes building a community of stakeholders who actively engage in governance and contribute to the project's growth. By involving the community in decision-making processes, Defactor ensures everyone has a say in matters about enhancements and innovation.
The liquidity and markets aspect of Defactor plays a role in ensuring the availability of FACTR tokens in the market. By collaborating with market experts and providers of liquidity Defactor guarantees that tokens are easily accessible for trading. This approach helps maintain market conditions and bolsters trust among investors.
Project Features
- Comprehensive RWA Toolkit: Simplifies the creation, issuance, and management of tokenized assets.
- Multi-Chain Interoperability: Works across Polygon, Algorand, and Ethereum, increasing accessibility.
- Community Governance: Set up as a DAO, the Defactor Association empowers users with voting rights and participation in governance.
- Staking and Rewards: Provides opportunities for token holders to earn rewards and influence the ecosystem.
- Market Support: Collaborates with liquidity providers to ensure stable trading conditions.
- Innovative Technology: Leverages cutting-edge technology to reduce time-to-market for new ventures.
- Global Reach: Democratizes access to financial tools, allowing global participation.
Overview of the FACTR
FACTR is the native cryptocurrency of the Defactor project enabling functions within the Defactor platform ranging from asset tokenization to governance and transaction settlements.
Functionality/Usage
FACTR tokens are used in various aspects of the Defactor ecosystem, these include
- Asset Tokenization: FACTR is essential for tokenizing real-world assets allowing them to be traded and utilized within the DeFi ecosystem.
- Transaction Costs: Users pay transaction fees in FACTR for processing trades and other activities on the platform.
- Governance: Token holders vote on matters influencing the trajectory and policies of the Defactor project.
- Staking: Users can stake FACTR tokens to engage in network security and consensus mechanisms earning rewards for their contributions.
- Incentives and Rewards: FACTR serves as a medium for distributing rewards and incentives to users who positively contribute to the ecosystem.
Ecosystem
The FACTR token is fundamental, for sustaining the vitality and functionality of the Defactor ecosystem. Some examples include:
- Liquidity Provision: FACTR tokens offer liquidity to the platform enhancing more effective market operations.
- Interoperability: Through FACTR the Defactor ecosystem ensures communication among blockchain networks such as Ethereum, Polygon, and Algorand improving user experience and accessibility.
- Security and Compliance: The incorporation of FACTR enhances the security measures of the platform ensuring adherence to regulatory standards and protecting user assets effectively.
Use Cases
FACTR tokens are designed with practicality in mind catering to a range of applications both within and outside the Defactor ecosystem. Some prominent use cases include:
- Asset Management: Investors and businesses use FACTR for managing and trading tokenized real-world assets.
- DeFi Integration: FACTR facilitates the merging of assets with cutting-edge DeFi applications opening up new avenues, for financial models.
- Global Trade: With the support of FACTR global trade barriers are minimized, facilitating border transactions and financial services.
FACTR Tokenomics
The tokenomic structure of the FACTR token is as follows:
- Total Supply: The token has a total supply of 300 Million but 33.3% of all $FACTR supply is locked until 2026.
Foundation (Reserved & controlled by Defactor DAO): 23%
Private placement: 21.5%
Staking reward: 25%
Ecological cooperation: 14%
Teams and Contributors: 16.5%
FACTR Token Statistics
The FACTR token was issued on 16th November 2021 and first traded in CoinEx on 19th April 2024.
Token Symbol: FACTR
Token Supply: 300 Million
Circulating Supply: 300 Million
Market Capitalization: $19.8 Million
Trading Price: 0.06595USD
Cryptocurrency Rank: #664
*Data source: The data above is real-time data from CoinEx as of June 19, 2024.
How to Trade FACTR Tokens on CoinEx?
CoinEx is a global cryptocurrency exchange, trusted by 6+ millions of users worldwide with 100% reserve. With 1000+ tokens supported, including FACTR, users can now trade easily and seamlessly. To purchase FACTR tokens on CoinEx, follow the steps below:
- Create an Account: Begin by signing up for a CoinEx account.
- Deposit Funds: Once you log in, deposit funds into your CoinEx account via any supported cryptocurrencies or deposit methods available on the exchange. With funds in your account, you can execute trades seamlessly.
- Navigate to FACTR Trading Page: After funding your account, navigate to the dedicated FACTR trading page on CoinEx. A search box will help you locate FACTR trading pairs on the spot trading page. Simply enter the term "FACTR" to find the associated trading pairs.
- Select a Trading Pair: Choose the trading pair FACTR/USDT to trade FACTR against USDT (Tether).
- Specify the Purchase Amount: The next step is to specify the number of FACTR you want to buy. You can buy them at the current market price or set a limit for your preferred buying price on the trading page.
- Execute the Trade: Once you have specified the amount, proceed to execute the trade. Confirm the details, and if they are satisfactory, submit the order.
By following these steps, you can easily trade FACTR tokens on CoinEx.
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