Deflect - ($DEF)

Deflect ($DEF) is the token upon which the entire Prism ecosystem is built.

From a store-of-value to being a component in the creation of the Prism token, Deflect draws its value from multiple sources while also having unique properties that directly benefit its holders simply as it's used in the network.

How Does It Work?

Deflect redistributes 1.5% of every transaction made to existing Deflect holders instantly and automatically, with no action or gas spending required by holders. This means holders gain value by way of additional tokens with each transaction conducted using Deflect network-wide, simply by holding it in their wallet. The percentage of total fees you earn is proportional to the percentage of the total Deflect token supply that you hold.

e.g. You hold 1% of the total existing DEF supply and yesterday's total network volume was $10M. You get $1500 (1% of 1.5%) deposited into your wallet address, completely gas-free and with no action taken on your part! An innovative deflationary function has also been added where 0.75% of every transaction is burned, removing it from the total supply forever and increasing scarcity on DEF the more it's used. Finally, to ensure confidence in the community for future development of the project, a nominal 0.25% of transactions goes towards a development treasury fund for future strategies and additions to the ecosystem.

Deflationary Features

With Deflect, we sought to fix the one perceived negative within the RFI ecosystem, the "Black Hole" eating away at everyone else's share of the redistribution yield.

Deflect improves and compounds on this concept with an even more aggressive deflationary approach. This is where the 0.75% burn of each transaction comes into play. As the supply dwindles at an increasing rate from ecosystem and community growth, prices increase as tokens become more and more scarce over time.

The Run Down

There’s a ton of utility constantly being built that always goes back to building the price floor of the Deflect token. Every action taken is meant to build value for the ecosystem and its token holders through increased price floor, redistribution of volume, and supply burning.

As time goes on, your holdings grow in size due to redistribution, rising price floor, and burning. It’s basically taking basic supply/demand principles and adding steroids to it.

Tokenomics​

Contract Address

0x3aa5f749d4a6bcf67dac1091ceb69d1f5d86fa53

Starting Max Supply	500,000
Ticker	$DEF
% of each transaction redistributed	1.5%
% of each transaction burned	0.75%
% of each transaction to Prism Treasury	0.25%

Initial Token Distribution

These were the starting distributions of the Deflect token upon launch in December 2020.

Distributions	Allocations	% of Supply
Starting Uniswap liquidity along with ETH raised from LGE	300,000	60%
Initial yield farming pools	125,000	25%
Liquidity Generation Event bonuses to LGE participants	50,000	10%
Developer Fund (Paid in installments every two weeks from LGE end date)	25,000	5%

Initial Yield Farming Pools

125,000 DEF were allocated to farming pools after the LGE was completed as follows:

Liquidity Pool Token (LP)	Allocation
DEF/ETH	50,000 / 8 weeks
DEF/RFI	50,000 / 8 weeks
RFI/ETH	25,000 / 6 weeks