✅ What is DRIFT token? DEX Drift Protocol

📆Drift Protocol is an open source decentralized exchange (DEX) on the Solana blockchain. The platform minimizes price slippage, thereby bringing high efficiency in the process of using capital.

✒️Drift Protocol is divided into three main parts including:

‼️Transactions: Smart contracts, spot transactions, token swaps.

‼️Income: Borrowing and lending, staking insurance, Market Maker rewards, Backstop AMM Liquidity (BAL).

‼️Construction: API documentation, SDK, user guide, Drift Gate (gateway).

🛑Drift Protocol is listed on Bitget, Bybit, KuCoin, Gate, KCEX exchanges from 5:00 p.m. to 7:00 p.m. on May 16. The investor community eagerly awaits the official price of the DRIFT token and expects continued support from other major exchanges.

☀️As of mid-April, Drift accumulated more than 350 million USD TVL, more than 175,000 traders and a trading volume of more than 20 billion USD. Drift Protocol successfully raised 27.3 million USD in seed and series A rounds led by Multicoin Capital, Polychain Capital.

⏳DRIFT token information

⚖Drift DAO Foundation launched DRIFT governance token on April 16 with a total supply of 1 billion tokens, planned for distribution over 5 years, with more than 50% for the community.

⬆️Allocation

↗️Community: 53%

↗️Airdrop: 10%

↗️Platform development: 25%

↗️Strategic partners: 22%

🔔Product of Drift Protocol

💣Spot trading

💣Derivatives trading

💣Swap tokens

💣Borrow and lend

💣Drift Liquidity Provision (DLP)

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