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DTrack will pre-sell its tokens no matter what

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DTrack will pre-sell its tokens no matter what

DTrack will pre-sell its tokens no matter what
CONTENT

  • DTrack token presale on November 5

  • The reaction of the crypto community to the announcement was very cool

  • DTrack Launches Token Despite Falling General Interest in DeFi Market

International consortium of news organizations developing transparency standards.

Fitness-focused DeFi protocol DTrack has confirmed that it will presale its tokens on November 5 despite current interest in DeFi Decentralized Finance (DeFi) is a financial services built on blockchain technology that offer users access to an open, efficient and … More is fading away and investors are switching to defensive assets like Bitcoin

DTrack will pre-sell its tokens no matter what

DeFi project DTrack, the platform that tokenizes exercises, has announced the launch of its token presale on November 5th. The platform rewards users for using and supporting smartwatch integration and VR exercise through a mining app.

Source: Twitter

The project was originally announced back in 2018, but there have been no further updates until recently. The team described their mission as striving to motivate users to do exercises for a currency – token As the use of cryptocurrencies increases, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More DTrack.

DTrack uses a unique proof-of-exercise consensus mechanism to model its token. The algorithm is a smart contract based reward system that determines the user’s location and sends it to the smart contract. It also tracks the number of steps taken by the user and heart rate through the Dtrack mobile app, and the smart contract delivers a reward.

DTrack will pre-sell its tokens no matter what

Several new DeFi tokens have been launched on Uniswap over the past few months and continue to appear almost daily. Despite its earlier appearance and unique offering, DTrack competes with dozens of new projects.

DeFi mania continues to fade

DeFi DeFi Token Market Cap from IntoTheBlock

Whereas the DeFi segment used to be in almost all industry news headlines, this market is currently experiencing a slowdown. Decentralized finance has shown a particularly vigorous rise in the months after the cryptocurrency market crash in March. Investor interest in DeFi peaked in September when monthly trading volume on Uniswap bypassed Coinbase Pro.

DeFiPulse Index Chart

However, since then, both the DeFi tokens themselves and the activity of wallets have fallen, and now analysts predict o = growth in the bitcoin rate. The DeFiPulseIndex, which tracks the 10 largest DeFi assets, has dropped 35.1% over the past 30 days, down from 18.3% in seven days..

Despite the fact that investors are selling off their assets, developers see further potential in the DeFi segment. Several projects, including MakerDAO and Uniswap, will go through upgrades in 2021, as will Ethereum, which experts say is a good sign for the industry..

DTrack will pre-sell its tokens no matter what

 

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