The Donnie Finance Airdrop : The DeFi Bank

Overview

  • Donnie Finance is conducting an airdrop of 500,000 DON to IOST holders on supported exchanges.
  • After September 30, 8:00 AM, a snapshot will be taken of the first IOST network block generated (UTC). Based on a unique formula, eligible holders will receive free DON within a week after the snapshot.
  • Donnie Finance is the first De-Fi initiative, with the goal of launching six independent finance companies.
  • Their goal is to replace the traditional CeFi market by offering decentralised financial services comparable to those provided by existing banks, such as lending, swapping, and so on.
Donnie Finance Airdrop
Source : Morioh

What is Donnie Finance?

Donnie Finance is a decentralised financial services platform headquartered in Korea that is built on the IOST blockchain and employs cutting-edge technologies. The governance token DON, which is an ERC-20 token, powers the DeFi system.

Donnie Finance intends to offer seven products , beginning with the Yield Farming Pool in February. Following that, the first All-In-One DeFi platform will be launched, which will cover services such as DEX, Loan, Checking & Savings, Portfolio Management, Credit Analysis, and Payment.

Donnie Finance introduces IOSTarter on IOST, the first IDO platform, and continues to offer value to the IOST community. Donnie Finance has been thoroughly audited and secured by Halborn and SLOW MIST, as well as a number of partners, including IOST, HUSD, CObak, Tpay, and DeFi Code.

The DON Token

DON is Donnie Finance’s governance token.

In the future, DON holders will be able to participate in Donnie Finance’s online governance.

The DON Token is proposed to completely decentralise the Donnie Bank system by transferring approved power from the founders to the community and stakeholders.

DON Tokens are distributed proportionately to users .Token holders have the opportunity to vote on newly proposed agendas at meetings.

The holders have the following rights under the protocol: 

(1) the power to list a new dToken market.

(2) The capacity to update each market’s interest rate model.

(3) The ability to make changes to the oracle’s address.

(4) The capacity to withdraw a dToken’s reserve.

There are a total of ten million DON.

The DON will be distributed across ecosystem partners. The following are the specifics:

  1. Reward Pool (60%)
  2. LP Reward Pool (20%)
  3. Private Investors (5%)
  4. Team & Advisory (5%)
  5. Pre-Sale (5%)
  6. Marketing and Partnership (5%)

About The Airdrop

The airdrop will take place on exchanges that will be revealed in the following days. Airdrop updates will be given on Twitter or Medium.

The total quantity distributed during the event is 5% of the total DON supply.The DON token will be automatically distributed to all users holding IOST tokens on participating exchanges at the time of the snapshot.

Donnie Finance is giving out 500,000 DON to IOST holders on supported exchanges as an airdrop. After September 30, 8:00 AM, a snapshot will be taken of the first IOST network block generated (UTC). Based on the formula below, eligible holders will receive free DON within a week after the snapshot.

Step By Step Guide

  1. On supported exchanges, Donnie Finance will airdrop free DON to IOST holders.
  2. In the next days, supported exchanges will be revealed.
  3. After September 30, 8:00 AM, a snapshot will be taken of the first IOST network block generated (UTC).
  4. Eligible holders will get a tool pool of 500,000 DON.
  5. User A = (Amount of IOST held by user A at the snapshot time / Total amount of IOST held by the exchange at the snapshot time) * Total DON airdropped to exchange User A = (Amount of IOST held by user A at the snapshot time / Total amount of IOST held by the exchange at the snapshot time) * Total DON airdropped to exchange
  6. After the snapshot, the airdrop will be delivered within a week.
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