DCTDAO is a great new platform that is powered by the DCore blockchain and the Polkadot Moonbeam. It has formed big partnerships and has a strong and thriving community. The goal of DCTDAO is to bring the benefits of the DCore blockchain to the masses by creating an interconnected ecosystem.
For crypto backers and traders, DCTDAO will allow them to enjoy a fast trading experience with support for Multi-wrapped tokens. Additionally, they will get the benefit of Quantum Proof security with the main DEX powered by Polkadot.
THE DCTDAO platform will feature a governance token for DeFi called the DCTDAO token (DCTD). Users can use the tokens to vote on the future development of the platform while also enjoying rewards when the blockchain interconnectivity project finally launches in 2021.
The Core Fundamentals of DCTDAO
DCore will receive an upgrade with a new suite of APIs and technology, which will make it an interoperable blockchain. At launch, it will come with interoperability with the Polkadot blockchain with more blockchains being added later.
Another upgrade to the DCore blockchain will be an upgrade to Quantum Security. Some of the biggest security firms in North America and Europe have developed the technology. It will ensure that Dcore can benefit from being future–proofed when it comes to trading and DApp security.
Components of the DCTDAO DApp Platform include the old wrapped DCT token for ERC20 and Polkadot trading. There will also be a DEX deployment for the DCDT exchanges to enhance interoperability. There will also be a developer-voting platform created for the community of DCDT holders for the future of app development.
The project aims to replace the DCore DCT token with a wrapped token called WCDT that will be developed and availed for decentralized cross-chain trading. It will ensure that Polkadot and ERC20 tokens can be traded back and forth with minimal fees and fast speeds.
The Private Sale and Tokenomics
DCTD is the governance token of the DCTDDEX and all DApps on the DCTDAO platform. The tokens have various utilities that include staking, limiting liquidity mining, incentivizing participation, community governance, and more. Users can access the DCTD tokens via the DCTDDEX and other participating CEX and DEX.
- Token Emission
There is a total supply of 10 million DCTD tokens.
- The Private Sale
1.5 million DCTD have been allocated to the private sale. Each DCTD is priced at 1 USD. After the private sale, 375,000 DCTD will be locked, vested, and released every month for the next three months. Any tokens not sold during the private sale will be burned.
At the public sale, 312,500 DCTD will be sold. The sale price will be 1.6 USD per DCTD token. On the first listing da, 312,500 DCTD will be unlocked. Any tokens that are not sold will be burned.
- Tech Development
15% of the total supply, which is 1.5 million DCTD will go to tech development. 25% of the tech development funds will be unlocked on the first day of listing. After that, 15% of the DCTD designated for tech development will be released each quarter after their first listing for up to five quarters when all tech development funds will be released.
- Team and Advisors
5% of all tokens or 0.5 million DCTD will go to the team and advisors. Of these funds, 25% will be unlocked on the first day of listing. After that, 15% of the DCTD designated for the team and advisors will be released each quarter after their first listing for up to five quarters when all tech development funds will be released.
- Marketing, Integration, and Partnerships
15% of all tokens or 1.5 million DCTD will go towards Marketing, Integration, and Partnerships. Of these funds, 25% will be unlocked on the first day of listing, which will include 100,000 DCTD for presales, future campaigns, and other campaign expenses. After that, 15% of the DCTD designated for the Marketing, Integration, and Partnerships will be released each quarter after their first listing for up to five quarters when all tech development funds will be released.
- The Token Burn
The team plans to burn 6% or 0.6 million of all DCTD tokens within 3 years. The team plans to use 1% or 100,000 DCTD to purchase any DCT that will still be circulating in the open market at the end of six months upon launch. The cycle will continue for three years with six Burning Cycles.
- Liquidity Mining
The team reserved 40.875% of the total supply or 4,087,500 DCTD for liquidity mining.
By enabling interoperability, DCore will allow people to transact, convert, and trade on other blockchains with ease. It will also offer the masses diversity and multi-functionality that is not currently accessible via a single blockchain. Other benefits include enhancing, cutting costs, and speeds during multi-token transactions. Finally, it will ensure gas-less fees, which will eliminate the high cost of DeFi trading.