Hello guys, today we shall continue with the review of the DABANKING project as we dwell more details on mining using the platform. Blockchain technology is increasing in popularity as many people are buying into the great motive behind most projects who are strongly inclined to blockchain.
The DABANKING project came about with a great vision to be a pacesetter when it comes to Blockchain Utilities and hence created a conducive environment for the building of Dapps for Decentralized Entertainment Services. DABANKING ensures transparency and fairness for Dapp developers. In the previous phase of the project, FomoJackpot lottery program was launched with interesting incentives for all gamers. FomoJackpot allowed several players the chance to earn with easy while playing games on the platform. Blockchain technology is the backbone of the era of Decentralized Applications(Dapps).
Mining DAB tokens
Below are key points that needs attentions when it comes to the mining of DAB tokens;
• DAB Mining Strategy
During the first phase, DABANKING intends to make use of the Ethereum Blockchain to create a community of users as DAB tokens are distributed based on the theory of the POCalgorithm (Proof Of Contribution). That is a "Dedication Proof" mining token algorithm by locking ETH into "value reserve funds" for DAB tokens.
• Token DAB
DAB is a platform for DABANKING tokens that are used for the development of the community. DAB token would be channeled to the DABANKING blockchain itself when the Blockchain owned by DABANKING is officially launched. The total supply of DAB tokens according to information on the Smart Contract is 200,000,000 DAB and the only means to get DAB Tokens is to make use of the “Mining Wallet ". Interestingly, even DABANKING Developers cannot obtain DAB Tokens other than making use of the '' Mining Wallet '.
• Mining Token DAB
In order to mine, DAB Token users are required to purchase a "Treasury Package" with a minimum amount of ETH which should be estimated at $200 and the maximum package that would be allowed at different times (Maximum "Treasury Package" which is up to $ 5000). The developer have the option on DApp to set the maximum package value that can be bought at different times.
The "Treasury Package" value is estimated by depositing ETH and confirming on the blockchain. The price at the time of deposit is used as the reference price that is the period between when the ETH is deposited until when the transaction is confirmed. When the price of ETH rises, the package value also increases. In the same sense, whenever the price of ETH decreases, the value of the package also decreases. In a situation where the price reduce no more than 3% or fluctuations in price exceeds 3%, deposit orders will fail, ETH will then be returned and the whole process needs to be initiated by the user again.
In order to make use of the platform provided by DABANKING for the mining, there are 3 unique energy wallets that are used for exploiting DAB token: Gold wallet, green wallet and mining wallet. More details on the wallets and their functions can be found on the Website: https://dabanking.io/ and
Whitepaper: http://dabanking.io/static/whitepaper.pdf.
DETAILS ON DAA TOKEN
The DAA Token has a maximum supply of 20,000,000 DAA and is gradually being exploited when users purchase tickets and the only way to earn DAA tokens is to play games with ETH.
The DAA Token mining process is scheduled at 10 stages, each stage has 10 rounds and a maximum of 200,000 DAAs are exploited every round.
When a user buys a ticket or lose a game with the amount of 0.05 ETH in the first round, a user is then successful in mining 1.66666667 DAA, at the moment 60% of 1 DAA is allocated directly to the wallet and then 40% which is 0.66666667 DAA is also directed to the wallet of the developer of DABANKING. Thus gamers play games with DAA Tokens (or ETH). DAA token allows users to earn ETH every two weeks with their frozen DAA Tokens.
CONCLUSION
DABANKING has a long-term development plan to deliver entertainment services to a decentralized application platform by rewarding users. The team of developers has come up with a strategic plan to make DABANKING a very strong community.
More details can be obtained by visiting the links below;
Website: https://dabanking.io/
Whitepaper: http://dabanking.io/static/whitepaper.pdf
Discord: https://discordapp.com/invite/uqfMjYV
Telegram: https://t.me/DABANKINGOFFICIAL
Youtube: http://bit.ly/2VYtVOV
Medium: https://medium.com/@dabanking.io
Facebook: https://www.facebook.com/dabanking.io/
Twitter: https://twitter.com/Dabanking_io
PROOF OF AUTHORSHIP
BITCOINTALK PROFILE LINK: https://https://bitcointalk.org/index.php?action=profile;u=2511518
