Get social on the latest version of Portify. And make the seriousness of DeFi fun for all users. Trade PFY for BABY and other crypto on the BabySwap DEX exchange.
Version One of Portify’s platform is live! In this version you can use the major DeFi features of Portify. As you know Portify aims to be a fully fledged SocialFi platform where the users can connect on a social level, trade on any DEX possible, stake and farm, tracking of on-chain held and staked tokens, and many more features all on multiple chains. In this post we will talk about everything you can expect in this release, upcoming updates, and more.
— Held token: The user can track all their on-chain held tokens on the Binance Smart chain. Each token will be displayed separately and with its own graph. You will be able to see the progress of your holdings on multiple time-frames.
— Staking Pools: Stake your PFYs to earn passive income with an option to lock the tokens in a flexible way to get a higher APR. V1 is launching with three pools: stake PFY / earn PFY, stake Pancakeswap LP / earn PFY, and stake Babyswap LP / earn PFY. More pools are coming in the coming weeks as we are talking with partners to get them listed on our platform.
— Multi-dex trade portal: Trade on multiple DEXs and find the best price possible. From launch we support five major DEXs which are: Pancakeswap, Babyswap, Apeswap, Biswap, and Mdex. More DEXs will be added in the coming months.
— Ethereum Integration: All the DeFi features (tracking, staking and trading) that you will find in V1 will be integrated into the Ethereum smart chain pretty soon. This means that PFY will also be available on the Ethereum chain with cross-chain swap possibilities.
— Premium Features: With the Ethereum integration we will add two premium features which are multi-chain and multi-address tracking. This will help you track multiple wallets on multiple chains. To use this, the user will have to hold a certain amount of PFY. The exact amount will be shared before the release.
As you know PFY has a mint function which will be used to get tokens for staking and platform rewards. The team has decided to mint 10,000,000 tokens to use them in the coming 3 months. Here is how the tokens will be used:
— Staking: 6M will be used in staking reward for the coming 3 months or more.
— V2 platform rewards: 2M will be used for platform rewards on V2.
— Marketing and development: 2M will be used in the coming 3 months for marketing, development, liquidity providing on CEX/DEX and more community incentives.
We would love to hear your feedback on the platform and any bug or issue you will encounter. Please don’t hesitate to share your thought on our Telegram and Twitter.