DeFiHorse will be offering the $DFH token – the gateway to its horse-racing ecosystem and metaverse for Initial Public Sale. This sale will take place with an Initial Bonding Curve Offering (IBCO) method. It believes that the IBCO method is much better than the ICO or IDO.
DEFIHORSE PUBLIC SALE ROUND – IBCO IS LIVE NOW
Catch it before too late!
👉Buy here: https://t.co/cKkT5PakXG
👉Time: 1PM 10/3/2022 UTC - 1PM 13/3/2022 UTC
👉Payment method: BUSD
— DeFiHorse (@DeFi_Horse) March 10, 2022
Details of the DeFiHorse Initial Public Sale
The DefiHorse Initial Public sale will begin by 1 PM on the 10th of March 2022. More so, it will run till 1 PM by the 13th of March 2022. Over the course of this period, over 6,680,000 $DFH will be available for sale. In addition, it will take place on the IBCO website. Also, this sale is over 1% of the 668.000.000 $DFH maximum supply.
As the native token of the DefiHorse ecosystem, users will use it for the following purposes:
- Purchasing NFTs.
- Paying for Gameplay entry fees.
- Receiving it as in-game rewards.
- Staking and staking rewards.
However, a number of countries will not be able to participate in this offering. These are areas where there are certain restrictions or prohibitions on cryptocurrencies. Although individuals are independent and self-reliant, they are still responsible for complying with the laws of their various countries. However, DefiHorse is avoiding any scandal that will affect the long term success of its projects.
Individuals in the following countries will not be able to participate in this sale:
- United States of America
- Burkina Faso
- Cayman Islands
- Côte D’Ivoire (Ivory Coast)
- Democratic Republic of Congo
- South Sudan
- North Korea
- Democratic People’s Republic of Korea (DPRK)
- People’s Republic of China
- Hong Kong SAR
- Macau SAR
Why DefiHorse prefers an IBCO
As mentioned earlier, DefiHorse will be using the Initial Bonding Curve Offering. In addition, it stated reasons for choosing this method. Below are some of the reasons it gave:
Automation and Decentralization of Mechanisms: This system does not operate from a central system. Instead, it works by smart contracts and does not require any manual management.
Balanced Pricing System: The price for each token will remain the same for all participants. This is due to the fact that the pricing system is determined by the percentage calculated based on the Total Token Supply and Final Price.
Option of Withdrawing Funds: Although there are also restrictions, users will be able to withdraw funds in the last 72 hours of the IBCO. The essence of the withdrawal restrictions is to avoid price manipulation.
No Whale Action: As there is no means of manipulating price, there will be no whale action.