Announcing DeFiYield’s Private Sale on MoonStarter

Moonstarter
3 min readFeb 4, 2022

Dear Community,

We are happy to announce that DeFiYield has selected MoonStarter as one of their launchpads for their private sale.

About DeFiYield

DeFiYield is the first cross-chain decentralized security network fulfilling the goal of making the DeFi space safer for everyone by developing the fully automated smart contract security scanner.

DeFiYield also built a unique investment dashboard pursuing the all-in-one approach allowing users to:

  • Track investment opportunities
  • Watch performance metrics of their crypto portfolios including P&L, impermanent loss and farming rewards
  • Relocate funds across different projects and blockchains
  • Stay protected with the built in alerting system that informs about approvals for malicious Dapps having backdoors, infinite minting or other security issues exposing user funds to risks.

The dashboard is designed to be compatible with Ethereum, Binance Smart Chain, Polygon, Arbitrum, Avalanche, Solana, Polkadot and all non-EVM-compatible chains.

Introducing the $DEFI token

$DEFI is an ERC20 token existing across multiple chains: Ethereum, Binance Smart Chain and Avalanche.

The main use case of the token is the implementation of an on-chain governance system, which is a key element of decentralized protocols. Being fully community-oriented, DeFiYield enables users to make strategic decisions on the project’s development.

Other use cases include:

  • Discount for the app services for $DEFI holders. For example, a discount will be applied to Multi-harverting — a service allowing users claiming rewards from all pools simultaneously
  • Obtaining full access to all DeFiYield products: the audit database, the rekt database, the smart contract scanner and approved contracts info;
  • Accessing and commenting closed community chats on DeFi projects
  • Strategic partnerships. This includes implementation of $DEFI as additional rewards for participation in certain pools of partnering projects
  • Collateralization of DeFiYield’s own stablecoin — $defiUSD; Staking and locking $DEFI for creating and running verification nodes on DeFiYield Chain
  • Requesting smart contract auditing with decentralized verification, where payments for the service are done in $DEFI and used to reward node validators for performing smart contract security checks with the automated scanner

For more details, please refer to the whitepaper HERE.

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Private Sale Details

  • Contribution chain: BSC
  • Distribution chain: BSC
  • Date: 09 February 2022 at 4 PM UTC
  • Price per token: $0.24; 9 months vesting daily linear
  • Total allocation: $150,000

How to participate ?

Please refer to our Medium article explaining our Tier System to get more info about our 2 paths to secure an allocation for DeFiYield. In order to participate, you have to complete the Google Form HERE before February 7th, 2022 at 11:59 PM (UTC).

For The Galaxy Path, you will need to start staking MNST by February 5th, 2022 at 11:59 PM (UTC), at the latest.

Whitelist results will be published on February 8th at 1PM (UTC).

For The Competition Path, you will have to perform tasks of Gleam Competition. You can start by clicking HERE.

Important! You will need to hold at least 1000 MNST to qualify for the competition.

KYC is not required.

About MoonStarter

MoonStarter’s mission is to be the single-stop multi-chain launchpad for selected projects without distinction of the blockchain used. While the current project landscape is scattered and dependent on the blockchain used, MoonStarter aims to offer the possibility to launch on one or multiple selected blockchains, using only one token on the Binance Smart Chain.

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