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DefiBox
About DefiBox
BOX is the governance token of Defibox, a decentralised finance (DeFi) platform. It has a fixed supply of 5 million tokens and is distributed exclusively through DeFi protocol mining, with no private sales, pre-mining, or reserved allocations. BOX holders participate in governance via the DefiboxDAO, voting on transaction fees, interest rates, revenue distribution, and protocol upgrades. The token is issued across EOS, Binance Smart Chain (BSC), and WAX, aligning with Defibox’s multi-chain expansion. BOX is also used as an incentive in liquidity and lending mining, rewarding participants who contribute to the platform’s ecosystem. A portion of transaction fees and lending income is allocated for BOX buyback and burning, reducing supply over time. Governance transitioned from the Defibox Foundation to the DefiboxDAO Board on 17 November 2021, ensuring decentralised decision-making by token holders. BOX plays a central role in maintaining and evolving the Defibox ecosystem.
Defibox is a decentralised finance (DeFi) platform that provides a suite of financial services, including token swaps, stablecoin issuance, and decentralised lending. The project was initiated and managed by the Defibox Foundation and officially launched on the EOS blockchain on 21 July 2020. It later expanded its services to other blockchains:
- USN Stablecoin Protocol: Launched on 17 January 2020, providing a decentralised stablecoin (USN) pegged to the US dollar through an over-collateralisation model.
- Swap Protocol: Launched on 21 July 2020 on EOS, expanding to Binance Smart Chain (BSC) on 21 July 2021 and WAX on 21 January 2022.
- Decentralised Lending Protocol: Launched on 27 March 2021 on EOS, allowing users to deposit assets to earn interest or borrow against collateral.
Defibox operates under a decentralised governance model. On 17 November 2021, the DefiboxDAO Board was established, transferring governance responsibilities from the Defibox Foundation to a decentralised autonomous organisation (DAO). This transition allows token holders to participate in decision-making through voting.
BOX is the governance token of the Defibox platform. It was designed to empower users to influence protocol decisions and ensure decentralised control over the platform’s operations. BOX has a fixed total supply of 5 million tokens, distributed exclusively through DeFi protocol mining. There was no pre-mining, private sale, or reserved allocation, ensuring a decentralised and fair distribution.
The token is issued across multiple blockchains:
- EOS: BOX mining and governance established since the platform's launch in July 2020.
- BSC: BOX mining and governance introduced with the Swap protocol expansion in July 2021.
- WAX: BOX integration followed the Swap protocol launch on 21 January 2022.