Decentralized ecosystem created by blockchain technology, that operates without third parties involvement is capable to provide much faster transactions with pretty fast speed. There are no hidden charges and no boundaries restrictions. The users can operate anonymously in the trustless environment of decentralized ecosystem. There is much transparency as the data is stored on blockchain and anyone can see it via a distributed ledger and there is no chance of manipulations. So blockchain is best engine that is providing data immutability.
With the further innovation of blockchain technology, finance is merged in this decentralized ecosystem and a revolutionary concept Decentralized Finance (DeFi) came in to existence. With the help of DeFi, the financial and real asset transactions are possible to be conducted on blockchain. World is experiencing a drastic growth and acceptance of DeFi.
How It Works: A Binance Smart Chain-based smart contract decentralized app (dApp) token to serve as the in-game economy for the CinemaDraft gaming platform for games and company services. In addition to using it
for discounts on CinemaDraft merchandise and services, owners can use it play in CD3D paid contests, hold it for dividends based on transactional revenue, or take profits due to price appreciation from increased utility and
scarcity as a deflationary token. Tokenholders maintain access to their own token balances in their
cryptocurrency wallet. Once the contract is launched, it belongs to everyone, and should exist as long as the Internet.
BUSD, Binance Coin’s (BNB) stablecoin pegged to the US Dollar, is used to exchange for CD3D within the smart contract on the CD3D site.
BUSD, typically exchanged for BNB’s BEP-20 on the Binance Smart Chain, is known for its speed and low fees.
The token features a 10% transaction fee with 2.4% overall burned/removed from circulation and 7.6% returned to holders as dividends, also known as “reflection rewards.” These are automatically auto-reinvested into the user’s holdings, distributed to all tokenholders proportionally to the size of their holdings. The basis of this bonded token economic model is from the Power of Weak Hands (PoWH.io) open-source, decentralized app (dApp) smart contract.