Hi friends, this time I will provide information about a very interesting project for you to know about a new cryptocurrency called DXB Pay. Before going to the discussion, I think we all agree that blockchain technology still needs efforts to encourage adoption so that it continues to grow and continue to develop in the future. So for that, let's see a brief review of the DXB Pay project below.
INTRODUCTION
In over a decade, innovation took off like wildfire, leading to more agile solutions that helped with Bitcoin’s limitations on speed and transaction throughput. The class of “digital assets” became more widely known, started to include other types of entities: tokens, security tokens, stablecoins, as well as non-fungible tokens (NFTs) linked to artworks or digital items. Bitcoin itself evolved, and moved away from true peer-to-peer communication. Instead, users contacted nodes with a greater capacity to gain access to the network. Blockchains onboarded more users over the years, facing multiple times the problem of scaling, speed, technological and financial costs.
New forms of blockchains appeared, based on delegated proof of stake, allowing for a limited number of nodes to verify transactions securely. One of those blockchains, Binance Smart Chain (BSC) opened the door for building new projects immediately capable of offering multiple uses in terms of fast, cheap transactions, liquidity and added value. DXB is one of the new token-based projects that has chosen BSC to expand its payment gateways, decentralized trading and business plans. The project uses the latest developments in scalability, cross-chain transfers and asynchronous off-chain communication to expand the latest trends in digital asset use cases.
Over the past decade, payment and incentive models have been tried and tested. In the end, mined blockchains showed they were secure, but too slow and expensive for some operations. Some projects sacrificed decentralization for the sake of more efficient block production, thus ushering in networks reliant on delegated proof of stake. Those networks combined the best of both worlds, with decentralized asset ownership, but also faster and more predictable block production and verification.
DXB Features
- Community : We support each other and other communities, and we have fun doing it.
- Charity : By donating to charity, we remind ourselves of our duty to make this world a better place for everyone. We are building 101 schools around the world.
- Sustainability : The future is coming, and we’re ready for it. DXB Payment gateway brings new payment features in cryptocurrency.
Platform
DxSale is a decentralized, cross chain, token management platform as a service. Its goal is to launch the DXB token through the initial discount sale, until reaching a predetermined hard cap. After the pre-sale, the distribution of DXB will happen only through PancapeSwap. PancakeSwap is a decentralized exchange based on BSC, which provides liquidity pools for swapping BEP-20 tokens. PancakeSwap will generate the potential to swap between Binance Coin (BNB) and DXB, for purposes related both to the initial token sale, and to subsequent swaps, transfers, rewards and token issuance.
The usage of PancakeSwap is directly tied to the token structure of DXB, in order to optimize liquidity and avoid risky price fluctuations. PancakeSwap uses an automated price discovery mechanism that plots the price on a curve derived from a mathematical formula. The formula of X*Y=K, where X and Y are the valuations of two tokens, and K is a fixed constant, sets the valuations of a trading pair without the need for order books. This automated valuation is responsive to curating the token supply, while avoiding significant inflows or outflows to the automated trading contract.
BSC offers interoperability with Ethereum-compatible wallets such as MetaMask, one of the most widely used add-ons to access decentralized finance, computation, gaming or any other blockchain-based operation. The side chain facilitation offers cheap and fast transactions without the inherent fees paid in ETH. Speed and capacity are a key feature of modern decentralized finance and token economics platforms. DxSale will aim for scalability and expansion, without creating bottlenecks due to high gas fee requirements. The platform for the DXB token is created with awareness that high fees have in fact discouraged small-scale investors from performing financial operations. This flaw, central to Ethereum, has slowed down cryptocurrency and decentralized finance adoption, as prohibitive fees mean the economic system is mostly open to “whales” or large-scale holders willing to game the system through paying exorbitant gas fees.
The liquidity bridge to the BNB asset will also bootstrap DXB for its initial price discovery stage, with the intention to achieve listings on centralized exchanges in the near future. Building on top of a platform tailored to fast decentralized financial operations means DXB will achieve immediate democratic distribution, without the constraints of mining or heavy hardware requirements to join the network.
Tokenomics
Parameters for DXB:
- Initial supply : 500,000,000,000,000 (500 trillion DXB)
- Transaction fee : 7%, down to 2% in perpetuity upon reaching token burn schedule goals.
- Burn address : 0x0000000000000000000000000000000000000000
- Standard : BSC-20
- Network : Binance Smart Chain
- Wallet : MetaMask, Trust Wallet, any Binance Smart Chain supporting wallet
- Exchange : PancakeSwap
A token with the right parameters is key to building a successful blockchain-based product. Both the technology and the economic utility of the token as a digital asset must work in synergy to build an ecosystem of users, products and partners. On the technological side, DXB is an asset built using the BEP-20 standard, meaning it is compatible with Binance Smart Chain. BEP-20 was named after a common practice following the ERC-20 standard on Ethereum, giving an intuitive understanding of the type of token issued. BEP-20 tokens are fungible and work as a simple carrier of value. They can also be handled by smart contracts, and exchanged for other assets. BEP-20 tokens exist in the exclusive provenance of Binance Smart Chain, which was built to avoid congestion on Binance Chain. The initial chain was built mostly to carry the BNB asset, while the expectation for multiple new tokens created the need for a new type of blockchain.
BNB, on the other hand, is a BEP-2 token, built with the idea of simple transfers. But for the needs of higher-capacity projects, and especially decentralized finance and algorithmic trading, speed and agility are essential. Making a call to a smart contract must happen without hassle and delay, to achieve the most fair price discovery. BEP-20 tokens also allow for cross-compatibility with other blockchains, most importantly the Ethereum Virtual Machine. This will allow DXB to become the token of a growing, interconnected smart ecosystem, without facing delays or smart contract problems.
Token Sale
The token sale of DXB aims to achieve an orderly, organized and democratic distribution of a fraction of the tokens. The first round of Token Sale will take place on 28th July 2021.
The token sale will be achieved through the DxSale entity www.dxsale.app . The process will start with a pre-sale of 14% of the supply divided in two rounds. Any extra tokens left from the presale will be automatically sent to the burn address, reducing the supply even before the PancakeSwap listing. The sale will also be supplemented by a 11% airdrop to facilitate wider adoption.
The token sale is built to limit the creation of “whale” wallets, as no presale buyer can hold more than 1% of the supply. The token sale will be monitored by the experienced DxSale www.dxsale.app platform, a dedicated startup for tokenization and token sale as a service. Well-curated token sales with a fair distribution serve to build trust and create credibility for the project.
RoadMap
Stage 1 -Q3 2021
- Safe & Fair launch of DXB Token
- Initial token & LP burn
- White Paper and Website Launch
- Coingecko & CMC listing
- Community growth
- Social Media marketing campaigns
- Use Case Development
Stage 2 - Q4 2021
- Marketing and social campaigns (Large scale)
- Dex/cex listing
- Community governance
- Start charity distributions (Description follows)
- Explore DXB/ other pairs trading
- Launching DXB Trading platform
- Use Case Development
Stage 3 - Q1 2022
- Ecosystem development (Use Case soft Implementation)
- Launch of novelty merchandise for DXB token
- Implementation of community ideas
- Contract Auditing
- NFT Farming
- Exploring DXB DeFi App
Stage 4 - Q2 2022
- Expand Use Case Implementation
- Launch strategic partnerships
- Launch DXB DeFi App / Crypto Payment solution Explore investment and local trading platforms across the world
- Explore other use cases to bridge the gap of crypto universe with the real world.
This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:
Website link : https://dxbpay.cc/
Whitepapaer link : https://dxbpay.cc/global/whitepaper/
Facebook link : https://www.facebook.com/DXBPay-104010111894944/
Twitter link : https://twitter.com/DxbPay?s=09
Instagram link : https://instagram.com/dxbpayofficial?utm_medium=copy_link
Youtube link : https://youtube.com/channel/UCvRIYjlHDFm-SPpkpfDRxmQ
Username: Bidadari_surga
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1011291
Telegram Username: @Bidadari26
BEP-20 Wallet Address: 0xBd706dD25c38c5502DbB2B254bFA6bbD54b8F8d3