DeFine (DFA)

DeFine is a cryptocurrency coin developed by the cryptocurrency company DefineX. Founded in 2018 by David Tushie and Jeffrey Solomon, DefineX is an asset management firm that invest and provide resources to cryptocurrency projects. The Define Token (DFA) is used as a base layer for DefineX's infrastructure and synthetic asset trading platform. The DefineX platform combines a United States dollar backed stablecoin (SydeCoin) with decentralized data infrastructure to provide access to crypto asset exposure, derivative services, and liquidity pools. The Define Token is used as the main currency on the DefineX platform, with the aim of providing lower fees, enhanced liquidity, and fast transactions. What makes the Define Token unique is its use of the Synthetic Asset Exchange Protocol (SAEP). Basically, this is a protocol that allows the DefineX platform to transfer assets from blockchain to blockchain. This way, users can create, track, and trade tokenized assets on chains like Ethereum and Corion without the need for cross-chain transactions. The SAEP also provides users with access to liquidity pools, where they can trade “wrapped” versions of popular cryptocurrencies without having to go through additional steps or worry about transaction fees associated with cross-chain transfers. The Define Token is used in the DefineX platform for settlement, asset management services, and incentives. It is also used to process trades and provide liquidity in the liquidity pool. The Define Token can be purchased, sold, and traded on a number of exchanges including Binance, Huobi, Bittrex, and Gate.io. Additionally, the Define Token can also be bought and sold on decentralized exchanges such as Uniswap and Kyber Network. Overall, the Define Token is an interesting new cryptocurrency coin, with a unique protocol that allows users to easily trade tokenized assets on multiple blockchains. It is also used within the DefineX platform to provide asset management services, create synthetic assets and introduce liquidity. Thanks to a number of popular exchanges, the Define Token can be bought and sold quite easily.