Define DFA Price $ 0.00116

DeFine can be described as a Social NFT Platform for all creators. The platform aims to reward those who contribute and reach achievements in the digital world by recognizing social profiles with special NFTs. In particular, the platform hopes to increase engagement within the metaverse.

DFA is the platform’s native token and operates predominantly as a governance token. It has a total supply of 500,000,000 tokens.

What are DeFine’s key features and how does it work?

DeFine will allow users to create their own personalized metaverse profiles, based on NFTs. Social profiles can be used in various ways across metaverses where a user's social profile can impact access to products and services.

The main purpose of the platform is to incentivize engagement and on-chain activity. In order to do this DeFine uses several innovative features:

• DeFine Badge System Part of the DeFine Social Profile System, users will receive NFTs according to how much they interact with and engage with a platform and their overall behavior.
• NFT-based Digital Label NFT labels will provide access to social activity, messaging groups, private content and other social activity that is linked to their digital activity based on their unique NFT label.

The platform infrastructure is also worth exploring. It consists of a Marketplace, NFT Discover Page, and NFT Exhibition Hall. Marketplace supports tokens from many different networks, including Ethereum, Polygon, BNB Chain, Tron, and more. The NFT Discover Page allows users to view detailed information such as attributes, on-chain information, and transaction records about specific NFTs. The NFT Exhibition Hall is where NFTs can be collected and displayed for others to browse, it is purely for increasing exposure and not for sale purposes.

What is noteworthy about DeFine?

DeFine takes NFTs one step further with NFT +. NFT + increases the use cases for NFTs by linking them to blockchain and metaverse assets. For example, NFT + can be redeemed in exchange for assets in entertainment, media, gaming, etc, in physical, financial, or experiential form.

What can DFA be used for?

As mentioned, DFA is used for network governance. Those who hold the token can take part in votes and submit proposals by staking DFA. Common voting topics include upgrades and additional features, usage of transaction fees, allocations of token rewards, auction mechanics, and more.

The DeFine NFT DAO plays a role in the platform. It helps to designate funding for the decisions made by the community-managed governance.

Where can you buy DFA?

DFA is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Huobi Global, Bithumb, and KuCoin. The price of DFA will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for DFA market price, please view the price charts on this page.