DeFi11 is the world’s first defi powered fully decentralized gaming ecosystem for fantasy sports and NFT gaming
About Defi11
DeFi11 is a defi powered gaming ecosystem for fantasy sports, NFT virtual hybrid world, Marketplace, P2P predictions and betting. The entire platform runs as a chain agnostic solution with a decentralised mobile application with an in-built smart wallet. It has a deflationary token model for $D11 tokens, the value for what is increased with every game being played on the application.
$D11 token is the utility token of the platform which is an ERC-20 token. The token is built as a unique gaming utility token on top of D11 Protocol which you can use to pay contest fees, buy assets, redeem game rewards, etc into D11 token for fiat swap or redemption.
The token facilitates additional functions as both deterrent to bad actors (via its staking function) and as payment option, offering additional discounts to its users. Here is a detailed overview of the token’s functions: 1. Fee settlement 2. Staking upon registration 3. Reward claiming 4. Game Dev Financing and Loyalty payments (for Game Players / D11 Users) 5. Get users attention and financing (for game devs)
DeFi11 aims to completely decentralise the fantasy sports industry and create a fraud proof platform for the gamers. Few of the pain points of centralised fantasy sports being solved :
– creation of Dummy Winners – manipulation of game data – unaccountable distribution of reward pool funds – no user anonymity – misuse of information by company employees
IDO on Red Kite
Red Kite opens two token sale pools for DeFi 11:
- IDO Pool (top participants on PolkaSmith Crowdloan event)
- Community Pool (participants on Gleam competition). JOIN WHITELIST HERE.
The allocation for the two pools is respectively $33,050 and $1,950 $D11 at IDO price.
📖 Schedule
- Pool open: 02:00 PM UTC, Tuesday, September 14, 2021
- Pool close & snapshot time: 02:00 PM UTC, Sunday, September 19, 2021
- Winner announcement: 04:00 PM UTC, Sunday, September 19, 2021
- IDO date: Monday, September 20, 2021
- Buying time Phase 1 (Top 140): 11:00 AM — 12:00 PM UTC
- Buying time Phase 2 (Top 200): 12:00 PM — 12:15 PM UTC
- Listing time: 01:00 PM UTC, September 20, 2021
- Claim time: 01:00 PM UTC, September 20, 2021
📌 Note
- Phase 1 is for Top 140 IDO participants. Their $D11 allocation is announced before the IDO and is guaranteed, so no gas war, and everyone in the Top 140 can purchase for their token during Phase 1.
- After Phase 1 ends, if there is any $D11 left, Phase 2 will start for the Top 200 IDO participants on an FCFS basis. Each of them can buy up to $50 worth of tokens.
- We will stop counting the Top 200 participants for GameFi IDO at the snapshot time.
📖 Pool Detail
- Token: $D11
- Token type: ERC-20
- Price per token: $0.15 per $D11
- Vesting schedule: 50% unlocked at TGE, remaining linearly over the next 2 months
- Accepted currency: USDT
- Network: Polygon
- Restricted countries: United States of America, China, Hong Kong, and all sanctioned OFAC countries (DR Congo, Iran, Myanmar, Sudan, Iraq, Ivory Coast, North Korea, Syria, Zimbabwe, Cuba, Belarus, Liberia)
- Token allocation:
