Introduction to DeFi Connect (Old) DFC
DeFi Connect (Old), with the ticker symbol DFC, is a cryptocurrency token that originally operated on the Binance Smart Chain (BSC). It is important to note that this token has undergone a significant migration event. The project has moved to a new smart contract address, meaning the old DFC token is no longer active for trading or transfers. This page serves as a historical reference for the old token, providing key information about its initial specifications and the details of its migration.
For the active and current version of this token, users must refer to the new contract and its dedicated listing. The migration was a strategic move, often undertaken by projects to upgrade their technology, enhance security, or transition to a new tokenomic model.
Key Token Metrics of DFC (Old)
Before its migration, the DeFi Connect (Old) token had the following fundamental supply metrics:
- Total Supply: 200 Trillion DFC (200T DFC)
- Max Supply: 200 Trillion DFC (200T DFC)
- Circulating Supply: 0 DFC (This is zero because the token is obsolete and all holders were expected to migrate to the new contract).
The project's official website and whitepaper provided the foundational documentation for its goals and technology.
The Contract Migration: What You Need to Know
A token migration is a process where a project moves its digital asset from one blockchain contract to another. For DeFi Connect, this meant that the old DFC token (contract address: 0x996c...2121a2) was replaced by a new token at a new address.
If you previously held the old DFC token, it is crucial to understand that its value and functionality are now void. All economic activity and utility have been transferred to the new token. Attempting to trade the old token will likely result in financial loss, as it is no longer supported by the project.
👉 Explore more strategies for handling token migrations
The old contract address can still be viewed on BscScan, a blockchain explorer for the BSC network, for transparency and historical verification purposes.
The Importance of Due Diligence in DeFi
The case of DeFi Connect's migration highlights a critical aspect of investing in decentralized finance: the necessity of ongoing due diligence. Token holders must stay informed about official project announcements through verified channels like their official website and social media. Relying on outdated information or holding obsolete tokens can lead to a complete loss of assets.
This also underscores the dynamic and sometimes complex nature of the cryptocurrency space, where projects evolve and upgrade their infrastructure.
Finding Information on the New DeFi Connect Token
All current data, including live price, market capitalization, trading volume, and charts, is now exclusively available for the new DeFi Connect token. The new token represents the active project and its ecosystem. Investors and community members should ensure they are interacting only with the new contract address to avoid any confusion or potential scams.
Frequently Asked Questions
What happened to the old DeFi Connect (DFC) token?
The old DeFi Connect (DFC) token has been migrated to a new smart contract on the Binance Smart Chain. The old token is no longer in use, has no value, and should not be traded. Holders were required to swap their old tokens for the new ones during the migration period.
How could I tell if I held the old DFC token?
You can check the contract address in your wallet. The old DFC token has the contract address 0x996c1bf72ec220289ae0edd3a8d77080642121a2. If this is the token you hold, it is the obsolete version.
What should I do if I still hold the old DFC tokens?
The official migration period is likely over. Your first step should be to visit the project's official website or their official social media channels to look for any guidance on late migrations. However, be extremely cautious of scams; only use links from verified official sources.
Where can I find the live price and data for the new DeFi Connect token?
All live market data, including price, charts, and market cap, is available on the new DeFi Connect token page. You can search for "DeFi Connect (new)" on major cryptocurrency data aggregators.
Why do projects perform token migrations?
Projects migrate to new contracts for several reasons, including enhancing smart contract security, changing tokenomics (like supply distribution), fixing bugs in the original code, or moving to a different blockchain entirely to benefit from better technology or lower fees.
Is my investment safe after a migration?
Your investment is only safe if you correctly follow the official migration instructions provided directly by the project team. Failing to migrate tokens before a deadline or sending tokens to unauthorized addresses will result in a permanent loss of funds. Always prioritize information from official announcements.
Conclusion
The DeFi Connect (old) DFC token page now serves as a historical archive. The token itself is deprecated and holds no value. The active project continues under the new contract. This situation is a common occurrence in the fast-evolving crypto landscape and serves as a reminder for investors to always stay updated with official project communications and practice secure asset management. For all current interactions and investments, ensure you are using the correct and new token information.