DXB Pay - A Decentralized ecosystem built on BSC network, providing safety and passive earning for being holder of the platform.

in dxb •  3 years ago 

The revolutionary decentralized concept of blockchain technology has changed the entire course of mutual transactions and has got much hype in the market. People can transact peer to peer without involving third parties and the transactions are executed in a trust less environment with fast speed and low cost where the users are not forced to reveal their identities.
Further with the rise and growth of Decentralized Finance (DeFi), now the real assets and financial transactions are possible on blockchain. Also there are lots of options to earn passive income from the assets which are stored uselessly in your wallets. You can do staking to earn interest income or can do liquidity mining & yield farming to earn high rewards.

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What is DXB pay?

DXB Pay is a decentralized protocol which is developed on blockchain technology. This platform is created by innovative developers to cope up and eradicate the existing flaws of the market to reward the loyalty of end users of the platform and to provide the passive income to the holders of the platform with every transaction done on the platform.

DeFi concept is providing earning opportunities via staking and liquidity mining /yield farming. The problem is that when there is sudden changes in the market and with huge price fluctuation, there is always a fear of impermanent loss which is reducing the profit and some times the initial investment becomes zero when there is rug pull or DeFi manipulations like flash loan attacks where the internal smart contracts are interacted with external malicious smart contracts and the bad players of the market do price manipulation with huge dumping. So when there is Earning opportunity to earn passive income, there is also a chance that you will lose your hard earned money and it is a fact that when there is huge manipulations in the market, the investors who are using DeFi applications to earn passive income are always forced to book heavy losses.

The experienced and well educated project team of DXB pay platform has created a sound platform that is not dependent on staking, liquidity mining or yield farming to provide passive income to the users of the platform. The innovative concept of getting rewards and interest on this platform is free from all the existing flaws of DeFi applications and protocols.

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How it works?

This platform is appreciating the loyalty of the end users of the platform. As such the smart contracts of the platform are having inbuilt program where the every transaction conducted on the platform will be charged with a tax of 7% as a sale penalty. The deducted tax of each transaction is used to generate liquidity on the platform and to provide passive income as the holders of the platform who will receive their share as per their holdings on the platform. Also this platform is doing social activities to help the needy persons, so a portion of tax deducted id given in charity. The distribution of this deducted 7% tax is as follows:

  • 2% of deducted tax is added into the existing liquidity pool. That will help the platform to become more liquid and with more liquidity on the platform, the transactions are executed with fast speed. The buyers and sellers always get good trade as with more liquidity on the platform, there is little price variations and price manipulation can not be done.

  • 2.5% of deducted tax is send toward the burn wallet that is checking the total supply of the tokens and with every transaction on the platform, the supply is reducing. So here the golden rule of demand and supply counts. When the demand is increasing and total supply is regularly decreasing, the price will boom. That will help the early adopters of the platform to earn more benefits.

  • 2.5% of deducted tax is exchanged to BNB. This exchanged BNB is stored in the distribution wallet of the platform. And when the collected BNB is reaches to 50 BNB, the distribution is automatically triggered on the platform. 70% of BNB is reflected in the wallets of the holders of the platform as per their holdings on the platform. DXB owners will be able to regularly access their BNB reward. Once 50 BNB accrues in the rewards wallet, it will trigger the mapping of recent transactions to determine the amount of DXB in current wallets. Then, the rewards will be proportional to the amount of DXB that has been held and unmoved for the past seven days. Holders can then go to the DXB website, connect their wallets and claim the outstanding BNB reward in one click. Further 10% of BNB is transferred to the marketing wallet, 10% to the charity wallet, and 10% to the use case wallet. That will generate the hype of the platform and more and more people will join and learn about this revolutionary concept. This will increase the traffic and transactions on the platform and that will further empower the ecosystem by creating more liquidity and by rewarding holders of the platform.

More Transparency, Scalability & Immutability

DXB platform is built on Binance smartchain so this platform is more flexible and providing fast transactions with very low fees. Even when there is congestion in the market, the innovative smartchian & smart contracts of the platform are capable to provide more scalability as compared to other blockchains. So the users of the platform are always able to transact as per their requirement regardless of the market conditions.

The transactions are executed on the platform by the technically advanced smartcontracts of the platform and the data is processed in users account. When certain conditions are met, the transaction is executed and the nodes of the platform are storing the executed data on blockchian in blocks. This executed data is always available in a distributed ledger on blockchain where anyone can see and authenticate the transactions. No one can control or change the processed data. There is no chance of manipulating or hacking the data once it is executed and confirmed on the blockchain.

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DXB Token

DXB is the ticker of the native token of the platform which is supporting all the applications and protocols of the platform. This is the governance token of the platform and the holders of this token are the stake holders of the platform as they can get passive income in BNB as per their holding of DXB on the platform. The loyalty of the end users of the platform is rewarded with DXB token. This token is deflationary token and with every transaction conducted on the platform, 2% of total tax deducted (7%) is gone to burn wallet where a portion of DXB tokens is locked and permanently burnt with every transaction on the platform. The Initial supply is 500,000,000,000,000 (500 trillion DXB) and The token burn will continue until the circulating supply decreases to only 2% of the initial supply, or just 10 trillion tokens remaining out of the initial 500 trillion.

DXB has plans to provide such an ecosystem where the token holders keep on earning without being involved in farming or staking your DXB tokens. The DXB holders can keep the tokens in their wallets and wait for the price to escalate due to lower circulating supply from both ends. Plus, you old your DXB token whenever an investor transacts and earns a strong coin like BNB. DXB is committed to a long term vision of creating a sustainable and powerful ecosystem that is revolutionizing the way we are invest, trade and invest.

Useful links to get more Information

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