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What is DeFine (DFA)? How to Buy DFA Crypto in India?

What is DFA Coin

Snapshot:

  • What is DeFine (DeFine)?
  • How does DeFine work?
  • Key Attributes of DeFine
  • How to buy DeFine(DFA) in India 

What is DeFine (DFA)?

DeFine is a socio-NFT platform for creators. The platform helps creators connect with their fans through NFT distribution and sale, collectibles, digital collectibles and assets hosted on the blockchain. DeFine marketplace supports multi-chain and standards interoperability, including Ethereum, Polygon, BSC, Tron Network and standards like ERC-721 & ERC-1155.

How does DeFine work?

DeFine is a socio-governance platform where users can create their profile in the metaverse. Creators can initiate an INO – Initial NFT Offering to sell their collectibles to their fans. Users or collectors can also create their profiles and connect their wallets to browse collectibles. Users receive a badge depending on their activity on the platform. 

In addition to NFT selling and collecting, creators can also exhibit their collectibles in the NFT exhibition hall. 

DeFine is interoperable with Binance Smart Chain, Polygon, Tron, and FLOW.

Key Attributes of DeFine 

Wow moment sharing

Users can share and mint their Wow moment on the platform in different formats like text, video, and picture. 

Metaverse profile 

The NFT-based social profile will be utilized in different metaverses where the user’s activity is reflected in their profile. For example, users can gain honor by having achievements in different metaverses.

$DFA – The Governance Token

DFA token holders staking DFA on DeFine can submit proposals and vote on important decisions affecting the platform including new features, usage of transaction fees, token reward allocations, auction mechanics, etc. For example, a user can submit a proposal to adjust the minimum DFA staking amount required to list an NFT on the platform. Platform governance directly affects how creators and users interact across the platform. 

DeFine DAO

DFA will be utilized to enable our community to participate in the DAO’s operation, decision-making process and future development. A portion of DFA token supply will be allocated towards DeFine DAO to fund the DeFine NFT ecosystem, take on its own development and showcase NFTs on its platform. DFA token holders will directly influence the future of our ecosystem with their involvement in the DAO.

Marketplace Features

DeFine marketplace supports multi-chain interoperability, including Ethereum, Polygon, Binance Smart Chain, Tron Network and standards like ERC-721 & ERC-1155.

NFT Pad

The NFT pad feature enables creators to sell NFTs and for users to purchase the latest NFTs from creators. This feature is similar to most NFT marketplaces that allow artists to sell their digital work in the form of NFTs. The NFT pad is a great opportunity for the creators to gain exposure and promote their work and for collectors to become the rst owners of rare digital items. The NFT pad types will include English Auction, Dutch Auction, and Fixed Swap Auction. The NFT pad allows creators to purchase and sell their NFTs seamlessly no matter what blockchain the NFTs are from. 

NFT Exhibition Hall

 The Exhibition Hall is a decentralized storage interface where creators and collectors can exhibit their NFTs without an immediate sale purpose. This functions in a similar way to art galleries and museums that add value to the overall art experience. This is a way for creators to grow their following and increase their exposure outside of their existing communities. This interface is separate from the individual customized creator pages that creators have on the platform. 

NFT Discover Page

The NFT Discover Page is a detailed NFT display interface to show specific NFT descriptions, attributes, on-chain information, transaction records, etc. It will support social features for NFT lovers to like, save, share, comment and even make offers for each NFT.

How to buy DeFine (DFA) in India 

 Use this three-step process to buy your first DeFine using the CoinDCX bitcoin investment app.

  • Sign Up for the CoinDCX account: Enter a valid email address and a user name on the sign-up page. Once the Email Id has been verified, set a strong password to secure your account.
  • Verify the account: You need to complete your KYC, to buy DFA  on the CoinDCX platform. All you need to do is upload the documents and your account will be set up in 15 minutes.
  •  Buy DFA: After the account has been verified, you can deposit any amount of fiat currency you are comfortable with and start your crypto journey!
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