Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions on a ledger that is typically publicly viewable. A community guarantees the authenticity of the transactions in addition to the creation of additional units of the currency.
Cryptocurrency enables users to act anonymously and this removes power traditionally held by financial institutions.
At first the blockchain might seem complex but in reality, it’s very simple. The blockchain is just another type of database for recording transactions – once a transaction occurs, it is copied to all of the computers in a participating network and this is sometimes referred to as a distributed ledger.
Data is stored in ‘blocks’, and there are two main features about ‘blocks’ to know:
- Content: mainly a list of instruction statements and digital assets (such as transactions made) and the amounts and addresses of the parties to those transactions.
- Header: metadata, such as unique block reference number, the time the block was created, and a link back to the previous block (Deloitte corporation, 2016).
We realize that in the present economy Bitcoin has been the most currently and popular Cryptocurrency use today. The problem bitcoin is trying to solve is an important one faced by many people across the world. Leo Tolstoy said, “Money is a new form of slavery.” By controlling money, vast power is wielded in today’s world. The enormous amount of money in circulation is primarily controlled by bankers and they wield the powers of inflation and currency debasing as methods of increasing and controlling product prices throughout the economy.
Centralized and institutional control of currency is the problem Bitcoin is trying to solve. Bitcoin, like many other cryptocurrencies, gives power to the people using the cryptocurrency as they do not require authorities in a centralized system to do business and make purchases. By being peer to peer (P2P) and decentralized it lets people trade without having the rules of the transaction dictated by third parties.
INTRODUCTION
Debanking is a decentralized gaming platform where users to have a great experience of FomoGame FomoJackpot.
they build strategies for distributing DAB token as well as developing future game applications and aim to create the best community and focus on project development at all times.
The problem in game is the inability to prove existence and ownership of assets, thereby leading to many frauds. With the implementation of Smart contract it allows users to be confident that they will receive authenticated assets/items with the help of the blockchain.
Game developed by Blockchain Technology bring features such as:
Track and authenticate the ownership of digital asset types.
Reduce costs for third parties.
Secure payment system based on blockchain.
Integrate blockchain into your game increases competitiveness against the traditional games.
Easily exchange digital assets with high liquidity.
MISSION
To become the pioneering Utility Blockchain platform in creating an environment to build Dapps with decentralized entertainment services with transparency, fairness and optimal user experience.
CONDITION TO USING DABANKING
- You must have Metamask Wallet installs on your computer or TrustWallet on your phone
- Having Ethereum (ETH) available in Metamask or Trust wallet.
- Visit the Dabanking.io website to start experiencing our great services.
DAB TOKEN MINING
We have 9 features under DAB token Mining which will be explain below:
DAB Mining Strategy
DABANKING will use Ethereum Blockchain to build users community by distributing DAB token based on the theory of POC algorithm (Proof Of Contribution). This is a mining token algorithm by Dedication Proof when locking ETH into “value reserve fund” for DAB token.DAB Token
The only way to obtain DAB Token is to use “Mining Wallet” and the maximum total supply of DAB token in Smart Contract is 200,000,000 DAB.DAB Token Mining
In order to mine, Users need to buy “Treasury Package” with a minimum amount of ETH of $ 200 and maximum of $ 5000. Developer have a function in Dapp to set the maximum value of the package that can be purchased at different times.Community Development
When directly introducing a member to the DAB Token mining community through your registration link, you will receive 50% of the package value of F1 to move the equivalent value from “Gold Wallet” to your own “Green Wallet”. Refer to the website for more information.Rank Mining Bonus
We have 10 Rankings starting from Star1 to Star10 equivalent to the volume condition below.
STAR 1: when volume rank reaches $ 1000
STAR 2: When volume rank reaches $ 3000
STAR 3: when volume rank reaches $ 10,000
STAR 4: when volume rank reaches $40,000 - Bonus $1000 to Mining Wallet
STAR 5: when volume rank reaches $100,000 - bonus $2000 to Mining Wallet
STAR 6: when volume rank reaches $300,000 - Bonus $6000 to Mining Wallet
STAR 7: when volume rank reaches $1,000,000 - Bonus $20,000 to Mining Wallet
STAR 8: when volume rank reaches $2,000,000 - Bonus $50,000 to Mining Wallet
STAR 9: when volume rank reaches $5,000,000 - Bonus $150,000 to Mining Wallet
STAR 10: when volume rank reaches $10,000,000 - Bonus $500,000 in Mining WalletTable of Percentage Growth of Mining Wallet
The table shows the percentage of “Mining Wallet” received compared to the value of the package purchased in the first 5 months when 800% of the “Gold Wallet" package value moves into the “Green Wallet”. Refer to the websiteDistribution Plan
We also have a distribution plan according to the amount of received ETH or DAB Token.
90% DAB Token Reserve Fund
3% Marketing
3% Product development
2% Partner (exchanges, Advisor …)
2% Reserve DAB token (Swap DAA token)DAB Token Mining System Structure
Users can buy “Treasury Package” from Mining Wallet, ETH wallet or DAB Wallet and “Mining Wallet” can only be transferred to your account in the system.Swap DAB Token Into the Reserve Fund
The Reserve Fund is used to ensure the total amount of tokens circulating in the market, when you own DAB Token you can store for a long time, trading on a free trading platform or swap into a Smart Contract containing a reserve fund to collect ETH and when you swap DAB into Smart Contract, that number of tokens is lost from the market and reduces the total number of tokens circulating in the market.
FOMOJACKPOT AND FOMOGAME
Fomojackpot is one of the first Dapp products of DABANKING, which helps participants not only entertain after a tiring day but also at the same time increase their income in an easy way.
FomoGame is an independent DApp system within the ecosystem of DABANKING built on the Blockchain of Ethereum which promotes absolute fairness and transparency for users, thereby helping users to have a great experience throughout the applications in DABANKING ecosystem.
ROADMAP
Phase 1:
Q4/2018-Q1/2019 : Build a development team, prepare a detail plan and prepare technology foundation.
Q2/2019: Officially introduce game ecosystem on DApp and start to develop DAB Token mining community.
Q3/2019: List DAA Token and DAB Token on free exchanges and integrate new games.
Q4/2019: Open the Swap port from the DAA Token to DAB Token for users. Add new Game Dapp.
Phase 2:
When the community reaches 3 million users, DABANKING will officially announce its own Blockchain and conduct swapping DAB Token to the new DABAKING Blockchain.
For more Information, Please visit the following sites:
Website: https://dabanking.io/
Whitepaper: http://dabanking.io/static/whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=5146671.new#new
Telegram: https://t.me/DABANKINGOFFICIAL
Youtube: https://www.youtube.com/channel/UCQbGkMKlxM7JdBY89S9UcIA
Twitter: https://twitter.com/Dabanking_io
Facebook: https://www.facebook.com/dabanking.io/
Discord: https://www.facebook.com/dabanking.io/
Medium: https://medium.com/@dabanking.io
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9