Dragon Token (abbreviation: DT) is a token issued by DragonEx based on the Ethereum ERC20 standard. Every Dragon Token stored on the platform has the right to share project dividends. Every day, the transaction commission income of the DragonEx project will be distributed to all Dragon Token holders according to the proportion of Dragon Token holdings. Dragon Coin has started "mining" and calculating dividends since November 2, 2017.

1. Project introduction

DragonEx is a virtual currency trading platform in Singapore. It was established on November 2, 2017, and it is the first transaction mining model. From consolidating basic trading services, expanding the rich blockchain products of the open platform, to adhering to the community-based development path, and adhering to the user-oriented business philosophy, it has gradually transformed into a collection of trading services, blockchain product applications and asset management services. comprehensive financial service platform.
Dragon Token is a token issued by DragonEx based on the Ethereum ERC20 standard. Every Dragon Token stored on the platform has the right to share project dividends. The total issuance of Dragon Coins is 37,339,500 pieces, and it is promised that there will never be additional issuances.
Mining method:
Dragon coins will not be ICO, nor can they be obtained through pre-mining. All Dragon Tokens can only be produced in the form of "mining", and the only way to mine is to trade on the platform. "Miners" (that is, platform users) contribute to the platform through transactions, and the platform issues Dragon Coins to "miners" as rewards.
Dragon Token Release Rules:
Dragon Token is a token based on the Ethereum smart contract. Starting from the genesis release, the smart contract will perform a total of 3,650 releases, with a time interval of 24 hours for each release, and every 365 releases as a cycle. In the first cycle, the contract will release 51,200 dragon coins each time; the output of each cycle will be reduced by 50% compared with the previous cycle.
Dragon coin distribution mechanism:
The platform will make statistics on the mining situation of "miners" every day, and the statistical cycle is from 0:00:00-23:59:59 of the day; After the contract releases the Dragon Coin, the platform will distribute the newly issued Dragon Coin to the corresponding "miner" account on the next day according to the statistical data.
"Miners" dig out Dragon Coins through transactions, but not 100% of the Dragon Coins dug out belong to the miners, of which:
①"Miners" get 30% of the Dragon Coin rewards;
②Market Brokers get a 20% Dragon Token reward. (Market broker: if "miner" A uses user B's invitation link when registering, then B is A's market broker);
③DragonEx project party gets 10% of the block dragon coin reward (freeze for one year : used for project marketing);
④DragonEx project party will receive 40% of the block dragon coin reward (permanently frozen: used for platform technology research and development, talent introduction, project operation, repurchase and destruction of dragon coins, etc.). Note: The above adopts Singapore Standard Time (UTC/GMT+08:00)
Dragon Coin Dividend Mechanism:
① 100% of the daily platform income will be based on the proportion of Dragon Coin holdings, All distributed to all supporters.
②The platform will take a snapshot of the balance of Dragon Token holders at 23:59:59 every day. Since the Dragon Coins mined on the same day will be credited to the account the next day, users can share Dragon Coins = snapshot data + Dragon Coins mined on the same day. Dividends will be distributed the next day in the form of USDT to each holder's account.
③ Dividend formula:
The project party’s income to be distributed = transaction fee + other income of the project
Token user dividend income = income to be distributed * [number of individual dragon coins held / (number of issued dragon coins - The number of dragon coins that have been destroyed)]

Two. Comment

The DragonEx trading platform was created by the original Kuaibo team, which has 7 years of experience in blockchain development and operation. Dragon Net Exchange uses a complete security protection mechanism to provide investors with professional and safe digital currency trading services.
Dragon Net is also known as Dragon Exchange, and its English name is DragonEX. It is a digital currency trading platform registered in Singapore. The platform adopts a leading design model and issues Dragon Token (Dragon Token: DT), and the commission income of the trading platform will be distributed to all Dragon Token holders according to the proportion of Dragon Token holdings.
All Dragon Coins can only be generated through "mining", and the only way to mine is to trade on the platform. "Miners" (that is, platform users) contribute to the platform through transactions, and the platform issues Dragon Coins to "miners" as rewards. The total issuance of Dragon Coins is 37,339,500 pieces, and it is promised that there will never be additional issuances. Dragon Coins enjoy the platform's 100% service fee dividend mechanism.

Related Links:

https://dragonex.io/zh-hans/
https://dragonex.io/zh-hans/news/article/622?curIdx=-1
https:// dragonex.zendesk.com/hc/zh-cn/articles/115002788112-%E5%8F%91%E8%A1%8C%E9%BE%99%E5%B8%81%E8%AF%B4%E6%98 %8E
https://www.dragonex-io.com/