What Is The Dhabi Coin Token (DBC)? Here’s What You Should Know

in dbcdhabicoin •  3 years ago 

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What’s inside

A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.

The most popular cryptocurrency, Bitcoin, has had volatile price moves this year, reaching nearly $65,000 in April before losing nearly half its value in May.

Here are seven things to ask about cryptocurrency, and what to watch out for.

1. What is cryptocurrency?

Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange real currency for the cryptocurrency to access the good or service.

Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

2. How many cryptocurrencies are there? What are they worth?

More than 10,000 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website. And cryptocurrencies continue to proliferate, raising money through initial coin offerings, or ICOs. The total value of all cryptocurrencies on July 9, 2021, was more than $1.4 trillion — down from April high of $2.2 trillion, according to CoinMarketCap. The total value of all bitcoins, the most popular digital currency, was pegged at about $630 billion — down from April high of $1.2 trillion.

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Best cryptocurrencies by market capitalization

These are the 10 largest trading cryptocurrencies by market capitalization as tracked by CoinMarketCap, a cryptocurrency data and analytics provider.

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3. Why are cryptocurrencies so popular?

Cryptocurrencies appeal to their supporters for a variety of reasons. Here are some of the most popular:

Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable

Some supporters like the fact that cryptocurrency removes central banks from managing the money supply, since over time these banks tend to reduce the value of money via inflation

Other supporters like the technology behind cryptocurrencies, the blockchain, because it’s a decentralized processing and recording system and can be more secure than traditional payment systems

Some speculators like cryptocurrencies because they’re going up in value and have no interest in the currencies’ long-term acceptance as a way to move money

4. Are cryptocurrencies a good investment?

Cryptocurrencies may go up in value, but many investors see them as mere speculations, not real investments. The reason? Just like real currencies, cryptocurrencies generate no cash flow, so for you to profit, someone has to pay more for the currency than you did.

That’s what’s called “the greater fool” theory of investment. Contrast that to a well-managed business, which increases its value over time by growing the profitability and cash flow of the operation.

“For those who see cryptocurrencies such as bitcoin as the currency of the future, it should be noted that a currency needs stability.”
Some notable voices in the investment community have advised would-be investors to steer clear of them. Of particular note, legendary investor Warren Buffett compared Bitcoin to paper checks: “It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money too. Are checks worth a whole lot of money? Just because they can transmit money?"

For those who see cryptocurrencies such as Bitcoin as the currency of the future, it should be noted that a currency needs stability so that merchants and consumers can determine what a fair price is for goods. Bitcoin and other cryptocurrencies have been anything but stable through much of their history. For example, while Bitcoin traded at close to $20,000 in December 2017, its value then dropped to as low as about $3,200 a year later. By December 2020, it was trading at record levels again.

This price volatility creates a conundrum. If bitcoins might be worth a lot more in the future, people are less likely to spend and circulate them today, making them less viable as a currency. Why spend a bitcoin when it could be worth three times the value next year?

5. How do I buy cryptocurrency?

While some cryptocurrencies, including Bitcoin, are available for purchase with U.S. dollars, others require that you pay with bitcoins or another cryptocurrency.

To buy cryptocurrencies, you’ll need a “wallet,” an online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy cryptocurrencies such as Bitcoin or Ethereum. Here's more on how to invest in Bitcoin.

Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell Bitcoin and other cryptocurrencies. Also, a growing number of online brokers offer cryptocurrencies, such as eToro, Tradestation and Sofi Active Investing. Robinhood offers free cryptocurrency trades (Robinhood Crypto is available in most, but not all, U.S. states).

6. Are cryptocurrencies legal?

There’s no question that they’re legal in the United States, though China has essentially banned their use, and ultimately whether they’re legal depends on each individual country. Also be sure to consider how to protect yourself from fraudsters who see cryptocurrencies as an opportunity to bilk investors. As always, buyer beware.

7. How do I protect myself?

If you’re looking to buy a cryptocurrency in an ICO, read the fine print in the company’s prospectus for this information:

Who owns the company? An identifiable and well-known owner is a positive sign.

Are there other major investors who are investing in it? It’s a good sign if other well-known investors want a piece of the currency.

Will you own a stake in the company or just currency or tokens? This distinction is important. Owning a stake means you get to participate in its earnings (you’re an owner), while buying tokens simply means you're entitled to use them, like chips in a casino.

Is the currency already developed, or is the company looking to raise money to develop it? The further along the product, the less risky it is.

It can take a lot of work to comb through a prospectus; the more detail it has, the better your chances it’s legitimate. But even legitimacy doesn’t mean the currency will succeed. That’s an entirely separate question, and that requires a lot of market savvy.

But beyond those concerns, just having cryptocurrency exposes you to the risk of theft, as hackers try to penetrate the computer networks that maintain your assets. One high-profile exchange declared bankruptcy in 2014 after hackers stole hundreds of millions of dollars in bitcoins. Those aren’t typical risks for investing in stocks and funds on major U.S. exchanges.

Should you buy cryptocurrency?

Cryptocurrency is an incredibly speculative and volatile buy. Stock trading of established companies is generally less risky than investing in cryptocurrencies such as Bitcoin.

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WHAT IS THE DHABICOIN ICO?

DHABI COIN TOKEN (DBC), decentralized protocol on the Binance Smart Chain smart contract, dhabi coin token is compatible with encrypted wallet applications such as Trust Wallet, Metamask, and MyEtherWallet, featuring total security and privacy in transactions, available for IOS and AndroidDhabiCoin Token (DBC) has technology present in the Binance Smart Chain (BSC) ecosystem, a platform that has total transaction security, low fees and greater agility in information traffic, relying on an excellent support team in several languages.

DHABICOIN Cryptocurrency has grown in recent years, becoming a safer optional asset attracting high potential investors, for example Dabhi Coin Cryptocurrency (DBC) which has Binance Smart Chain (BSC) technology, with total flexibility, speed and more performance good at cryptocurrency transactionsin its ecosystem.the cryptocurrency market is one of the most valuable and with the highest growth projections to invest in, relying on the reliability, convenience and protection of the economy.

Dhabi Coin Token (DBC) has technology in the Binance Smart Chain (BSC) ecosystem, a platform that has total transaction security, low fees and greater agility in information traffic, relying on an excellent support team in several languages.

Bitcoin's popularity has created a worldwide surge of interest in cryptocurrencies such as the Dhabi Coin (DBC), but also in technology in general. there is growing demand for new payment options in the e-commerce and retail sectors, and companies are being forced to reconsider their approach to offering alternative methods of purchase.

There are some key differences between Ethereum and the Binance Smart Chain. the former has a much larger ecosystem with a wider spread of transactions among more dapps.

DHABICOIN

New concept technology innovation in this financial asset and DhabiCoin.
evolution, technology, financial valuation is a sign that DhabiCoin stands out in the blockchain ecosystem, DhabiCoin is always growing in price and in world blockchain adoption.

DHABICOIN COMPATIBLE WALLET

Once you get into our ecosystem, we can manage everything. anyone with a smartphone and internet connection can count on the global market.contract intelligence protocol Dhabi Coin BEP-20 based on the Binance blockchain, Has uses in various applications, the web3 platform, DEX, written in theSolidity EVM programming language, has various uses in various modalitiescomplete ecosystem of high standard technology allocated at pro DhabiCoin.
Blockchain Dhabi Coin and Binance bring a variety of high-tech features to the cryptoactive sector.

HEIGHT SCALE
FAST TRANSACTION
WALLETS ON MULTIPLE PLATFORMS
IMMUTABLE SMART CONTRACTS
SECURE NETWORK INSURANCE PROTOCOL

The company Dhabi Coin was successfully approved in an audit and received the Techrate endorsement seal for its brand.

Techrate is an Audit company formed by a team of engineers and analysts, specializing in blockchain technology and business analysis, with high and broad expertise in the crypto market, and well known for their market reports generated during the bull market from and to projects Technical evaluation.the main advantage of cryptocurrencies like DhabiCoin is that they allow fast transfers, in as little as ten minutes. this is the time required for transaction validation. Cryptocurrency transactions do not require intermediaries or bank intervention. therefore, for companies and customers, cryptocurrencies are very profitable, because they eliminate some of the bank fees that cover the final price.

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ROADMAP

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DISCLAIMER

Despite using a nomenclature that refers to currency, this document does not constitute an offer of securities or a request for collective investment of any kind. terms of use; Personal policy; Rejection; We recommend that all participants read these documents carefully in their entirety to assess risk according to their personal premises.

Official resources of the DHABI COIN TOKEN (DBC) , click the link below

WEBSITE:https://dhabicoin.ae/
TWITTER:https://twitter.com/DhabicoinUae
TELEGRAM GROUP:https://t.me/joinchat/94HGhsK4sDNlN2Jk
MEDIUM:https://dhabicoin.medium.com/
REDDIT:https://www.reddit.com/user/dhabicoin/

Author:

User Name : NGANTUK
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2750529
BSC Wallet : 0xC8201cadb909b923157e87b904551188a2c76F4b

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