INTRODUCTION
The crypto market is entering a new uptrend season, and it is easy to see DeFi as a guide in the next growth cycle of Crypto.
Thanks to the value of the phrase "DeFi", Ethereum (ETH) has a comeback, the strongest growth in two consecutive quarters in 2.
Some other currencies such as Chainlink (LINK), Aeve (LEND), Balancer (BAL), Band Protocol (BAND),… also saw outstanding growth in both capitalization and value. Specifically, BAND has grown at 5166%, LEND is no less when reaching 3771% in value.
Exchanges are also not out of this game when launching a series of trading apps that integrate decentralized functions such as BinanceDex, Uniswap, Justswap.
Today, we will learn about DEC777 - a new Defi exchange project that brings together the most outstanding advantages of blockchain - solving the problem of DeFi security vulnerabilities and blockchain facing. .
WHAT IS DEC777?
DEC777 is a decentralized exchange (DEX - Decentralized Exchange) platform built on top of ERC777 (Ethereum blockchain) - a new type of platform that allows DEC777 to better secure and avoid hacker attacks in cryptocurrency transactions and storage.
DEC777 is positioned as an exchange that can build and develop a decentralized database - realizing the essence of the decentralized transaction network, true to the nature of DEFI.
MEASURING PROBLEMS MUST BE IN BLOCKCHAIN TRANSACTIONS?
Security: Most transactions today are done on centralized exchanges such as Binance, Huobi, Okex, Bitmax, ... Hackers use Ddos attacks to steal a lot of assets and data being stored. on the floor.
Transaction Fee: Expensive transaction fees are always a concern, most importantly centralized exchanges intervene and can adjust this deposit / withdrawal fee according to their preferences. On old and outdated protocols like ERC20, ... the peak fee can go up to over $ 100 - $ 200 per exchange.
Order Limit: Currently, all DeFi exchanges only place order market, which is very difficult when the investor cannot have the right to pre-order the desired exchange order, from external factors such as terrorism, intervention of organizations / governments or vulnerable to cyber security attacks directly into the system endangering users' property and information.
Market Manipulation: About 40% - 60% of transactions on cryptocurrency exchanges today come from Automatic Bots - trading software designed to create a wall to buy and sell and manipulate prices in the market.
Cross - chain: Cross-chain technology has been applied to decentralized exchanges, but it is still not completely thorough as it still requires 3rd party confirmation, internet connection is required to be able to trade.
WHAT IS DEC 777 TO SOLVE?
Most of us do not fully understand the concept of blockchain, although it is said that trading transactions by crypto on the blockchain platform, but we choose centralized exchanges to store money and assets. In other words, money and Bitcoin (BTC), your altcoin are put on the exchange's wallet, held by the exchange.
Looking back at the attacks historically over the past decade, most cryptocurrency attacks have come from centralized exchanges, costing billions of dollars each year. The most typical example is the hack of the Mt. Gox happening in Japan which lasted from 2011 to 2014 took away 792,500 BTC, making the exchange incapable of operation and having to stop trading permanently. And a lot of investors suffered heavy losses in this attack.
All investors need a strong, secure, and secure exchange environment where they can safely trade, invest and perform a variety of functions, but still retain control. Full control over all of its assets.
Do not go through any intermediaries, have no government intervention, be completely transparent and safe for your property.
THE SOLUTION OF DEC777
ERC777: Instead of using old technology platforms like ERC20, DEC777 uses ERC777 platform, which gives them more control over their tokens. It redefines various functions of the ERC-20 token to reduce friction in transactions.
White / Black List: Another feature of the ERC-777 token is the ability to whitelist and blacklist. Listed addresses with a successful transaction history give them an additional level of trust, while DEC777 may reject transactions related to blacklisted addresses due to hack history or other the transfer issue is of another risk.
Free Transaction: All transactions generated by sellers and buyers on DEC777 are completely free. At any time you can withdraw your tokens for free on the DEC777 platform. The fee for listing your tokens on an exchange will be charged and announced via the exchange's DEC code or it can be free (depending on the period).
Unlimited Order Book: Unlike other Defi exchanges, investors who want to buy tokens or coins have to wait and see for the best price. DEC777 saves you time (Saving Time) by allowing you to place unlimited buy / sell orders. This is something that no Defi exchange has been able to do yet.
Distributed Database: The hashing mechanism by using hash functions and database distribution helps DEC777 avoid almost all network attacks, including Ddos attacks. And DEC777 is not under the control of any other agency or organization, and is absolutely secure for users.
Market Free Trade: Trading activities between two buying and selling parties are conducted freely and very transparently, there is no automatic trading bot, no floor intervention that changes the operating mechanism of the market. That is the characteristic decentralization of DEC777.
Dec777 swap: Token swap is part of DEC777's development plan. The special feature here is that the DEC777 only acts as a door for buyers and sellers to exchange assets with each other. This operation will take place even if you don't need internet connection, in Disconect Network state you can still access DEC777 and trade. That means your (Balance) account is always in a state like a cold wallet (Harward Wallet), helping to defend against Hacker attacks, as opposed to currently storing your assets on exchanges. concentrate.
DEC Stablecoin: After going into the development roadmap DEC777 will launch the Stablecoin code, which is anchored directly on the basket of currencies of major cryptocurrencies and the project's own DEC777 token. That helps to bring stability to the Stablecoin to avoid exchange rate fluctuations when the dollar has strong exchange rate fluctuations.
THE CODE DEC777
DEC is the official token in the Defi - DEC777 ecosystem. The DEC777 code is released on the latest Etherium ERC777 platform.
DEC acts as a base electronic currency that performs the function of lending and exchanging transaction value in the DEC777 blockchain platform. In addition, DEC777 is also used as a fee schedule for coin / token transactions, listing of tokens.
DEC777 TOKEN ALLOCATION
Token Allocation:
With a fixed total supply of 18,000,000 tokens, the DEC777 token is divided into 4 parts by the development team and allocated as follows:
With a fixed total supply of 18,000,000 tokens, DEC777 is divided into 4 parts by the development team and allocated as follows:
There are 4,00,000 DEC777 tokens that are locked, accounting for 22,%, the token unlock period is 1 year, the number of tokens released is 1 DEC1,000,000. With this time and amount of allocation, neither too long nor too short, enough for the project to develop to resonate in the community, while still retaining the value of the DEC777 token as well as the interests of investors. private.
6,777,000 DEC777 tokens will be publicly sold and auctioned, the proceeds will be used for project development and community activities,
4,333,000 DEC777 tokens are for team dev and partners.
3,000,000 tokens DEC777 used to call preferential capital for organizations, large investors in the Pre - Sale ICO stage
THE USES OF DEC777 TOKEN
In the DEC777 ecosystem, the DEC777 token is used for the following specific purposes:
50% of the proceeds from DCF funds will be used for DEC777's operations. Including system upgrades, network infrastructure development, employee salary and commission payments, event promotion communications - a new platform for DEC777.
30% of the fund is used to prevent risks in case of problems to ensure the interests of investors participating in lending and exchange activities on the exchange platform.
The remaining 20% is the investment fund that DEC777 allocates for the future contracts on its system.
In addition, the DEC777 token is also used in the smart contract network for exchange, as a swap coin / token fee, for listing new tokens on the exchange.
WHY YOU SHOULD INVESTMENT IN DEC?
In terms of technology:
A special feature that makes DEC777 different is the development of a decentralized transaction system without the need for the internet system.
You know, the internet is a place where you are susceptible to malicious code, password, information and personal data stolen when conducting regular transactions on financial markets. DEC777 helps you to completely solve this problem, imagine, you do not need internet, with just an independent, offline storage cold wallet on your computer and still can penetrate the financial market worth hundred. billions of dollars to transact with millions of other investors. DEC777 is a practical project, correctly resolving, correctly capturing the weakness that hinders the development of the Blockchain industry in general and the Defi field in particular.
HOW TO BUY DEC777 TOKEN
DEC777 tokens are offered for sale in two phases, the first phase for major Angel Investors is being sold from August 2, 26 to September 08, 2020. The total amount of DEC sold is 07 tokens.
Phase 2 is the public offering (public ICO) through auction via Dapp directly on the project homepage. https://dec777.com/ .
Investors need to prepare ETH in blockchain wallets of the Etherium platform such as Metamask, MEW, Trust Wallet, ... Note not to use centralized wallets from exchanges to avoid errors or loss of money during conversion. token with the system.
WHERE IS DEC777 STORED?
When purchasing DCF directly on the project homepage, the token will be transferred to your personal wallet.Dec777 tokens will be stored on all Etherium wallets such as Metamask, Myetherwallet, Trust Wallet, or other cold wallets.
DEC TOKEN TRANSACTIONS
DEC777 itself is a decentralized exchange system, so the DEC777 token will be listed on its native exchange.
Simultaneously, in the development roadmap, DEC's Team Dev will follow the correct process and list DEC777 on many other major exchanges. In the first quarter of 2023, the code DEC777 will be listed and traded on Coinbase after it has fulfilled and met all strict requirements from this unit.
DEC777 information link:
Website: https://dec777.com/
Telegram: https://t.me/DEC777official
Linkedin: https://www.linkedin.com/company/dec777-foundation
Medium: https://medium.com/@dec777official
Reddit: https://www.reddit.com/user/Dec777official/
Twitter: https://twitter.com/dec777official
Author's Details:
Bitcointalk Username: Cryptolysm
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2822410
Proof of Authentication: https://bitcointalk.org/index.php?topic=5276928.msg55233769#msg55233769
#Hashtag #DEC777 #DCF #MagrinDEX, #FutureDEX
#DeFi #DeFiexchange #DEC777exchange
