DT-Dragon TokenDetailed Description

DT-Dragon Token Detailed Description

Dragon Token (DT) is a token based on the Ethereum ERC20 standard issued by DragonEx. Each dragon coin stored on the platform enjoys the project dividend rights. The trading commission income of DragonEx projects will be distributed to all DragonEx holders according to the Dragon Coin holding ratio. Dragon Coin will start "mining" and calculate dividends from November 2, 2017.

1. Project introduction

DragonEx is a Singapore virtual currency trading platform. It was established on November 2, 2017 and is the first to create a trading mining model. From consolidating basic transaction services and expanding blockchain products with rich open platforms to adhering to the community-based development path and adhering to the business philosophy of user first, it has gradually transformed into a comprehensive financial service platform integrating transaction services, blockchain product application and asset management services.
DragonEx is a token based on the Ethereum ERC20 standard issued by DragonEx. Each dragon coin stored on the platform enjoys the project dividend rights. The total issuance of Dragon Coins is 37339,500, and it is promised that it will never be issued additionally.
Mining method:
Dragon coins will not conduct ICOs, nor can they be obtained through pre-mining or other methods. All dragon coins can only be generated through "mining", and the only way to mine is to trade on the platform. "Miners" (i.e. platform users) contribute to the platform through transaction behavior, and the platform issues dragon coins to "miners" as a reward.
Red Coin Release Rules:
Dragon Coin is a token based on Ethereum smart contract. Starting from the issuance of Genesis, a total of 3,650 releases will be performed in a smart contract, with the interval of each release being 24 hours, and every 365 releases will be one cycle. During the first cycle, the contract will release 51,200 dragon coins each time; the output of each cycle will be reduced by 50% compared with the previous cycle.
Dragon Coin Distribution Mechanism:
The platform will count the mining situation of "miners" every day, and the statistics cycle is 0:00:00-23:59:59 on the same day; after each smart contract releases the dragon coins, the platform will allocate the newly issued dragon coins to the corresponding "miner" account the next day according to the statistical data.
"Miners" mine dragon coins through transactions, but the mined dragon coins are not 100% owned by the miners, including:
① "Miner" gets 30% of the dragon coin reward;
② Marketing brokers receive a 20% dragon coin reward. (Market Broker: If "miner" A uses the invitation link from user B when registering, B is A's market broker);
③DragonEx project party receives 10% of the block dragon coin reward (freeze for one year: used for project marketing);
④DragonEx project party receives a 40% block dragon coin reward (permanent freeze: used for platform technology research and development, talent introduction, project operation, repurchase and destroy dragon coin, etc.). Note: The above uses Singapore Standard Time (UTC/GMT+08:00)
Dragon Coin Dividend Mechanism:
① 100% of the daily platform revenue will be allocated to all supporters according to the Dragon Coin holding ratio.
② The platform will take a snapshot of the balance of the Dragon Coin holder at 23:59:59 every day. Since the dragon coins mined on that day will arrive on the next day, users can distribute the red dragon coins on that day = snapshot data + mined dragon coins on that day. The dividend will be distributed the next day and will be distributed to each holder's account in the form of USDT.
③ Dividend formula:
Revenue to be paid by the project party = transaction fee + other project income
Dividend income from users holding coins = dividend income to be distributed * [Personal Dragon Coin Holding Number / (Dragon Coin Issued Number - Destroyed Number)]

2. Commentary

DragonEx trading platform is created by the original Kuaibo team, which has 7 years of experience in the development and operation of blockchain field. Longwang Exchange uses a complete security protection mechanism and is committed to providing investors with professional and secure digital currency trading services.
Dragon.com is also known as DragonEX, and its English name is DragonEX. It is a digital currency trading platform registered in Singapore. The platform adopts a leading design model and issues Dragon Token (DT), which will allocate the trading platform commission income to all Dragon Token holders according to the Dragon Token holding ratio.
All dragon coins can only be generated through "mining", and the only way to mine is to trade on the platform. "Miners" (i.e. platform users) contribute to the platform through transaction behavior, and the platform issues dragon coins to "miners" as a reward. The total issuance of Dragon Coins is 37339,500 pieces, and it is promised that it will never issue additional pieces. Dragon Coins enjoys a 100% handling fee dividend mechanism on the platform.

1. Project introduction

2. Commentary

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