DABANKING
SUMMARY
In the year of 2008, Bitcoin turned into introduces as a cryptocurrency, as open source software, with a mission of converting the payments and exchange goods via a completely new currency. Bitcoin offers outstanding transaction blessings which include freedom, safety, excessive stage of control for the users themselves and a very transparent platform. Those Bitcoin advantages are allows through the Blockchain technology.
The blockchain technology is an invention that creates a decentralized community primarily based on peer-to-peer network, which permits every pc in that network to emerge as a server, creating a massive distinction to the traditional centralized community. Dapps are decentralized programs strolling on peer-to-peer utility Blockchain networks.
2019 is a year of sturdy boom for Dapps because the wide variety of Dapps projects is developing greater.
Dapp’s potential
• Decentralized applications (Dapps) have become an increasing number of popular because of their advanced benefits over conventional applications, mainly based totally on current Blockchain systems with crowded customers.
• Daaps presents most privileges for customers because of the blessings of unparalleled applications through transparency, stability and excessive security whilst being used.
• DABANKING assignment turned into born with noble mission to become the pioneering application Blockchain platform in creating an environment to build Dapps with decentralized leisure services with transparency, equity and top-quality user experience.
Potential of the Blockchain Gaming market
DABANKING are still witnessing a strong rise and rapid boom of the gaming industry. The year of 2017 record, there are 2.3 million users this industry’s offerings, generating a massive revenue of $105 billion every year.
A not unusual problem in recreation evolved today is the lack of ability to prove the life and ownership of belongings in the sport. Clever agreement allows users to be confident that they will acquire authenticated property/gadgets when they're sure by using the blockchain.
Blockchain technology can provide valuable features are below:
• Track and authenticate the ownership of virtual asset sorts.
• Lessen expenses for third parties.
• Comfy fee system based on blockchain.
• Combine blockchain into your recreation will increase competitiveness against the traditional video games.
• Without difficulty change digital assets with high liquidity.
SITUATIONS TO JOIN IN DABANKING
So one can use the DABANKING platform, you need to have:
• Metamask pockets installs for your pc or consider wallet for your phone.
• Having Ethereum (ETH) to be had in Metamask or accept as true with pockets.
• Visit the Dabanking.io to begin experiencing our tremendous offerings.
FOMOJACKPOT AND FOMOGAME
DABANKING is the FomoJackpot lottery application base on blockchain generation together with the Dapp game collectively called FomoGame.
• FomoGame is an independent DApp system in the surroundings of DABANKING built at the Blockchain of Ehereum.
• Fomojackpot provides layer a chance to win with a very small quantity of 0.002 ETH for a price tag.
Time for every round
There could be two countdown clocks
Green Watch – It is going to be set countdown for 48 hours. While the clock runs beneath 24 hours, each new price tag will add up to 30 seconds plus but no more than 24 hours.
Gold Watch – It will be set countdown for 48 hours. The gold watch only begins to countdown when the modern ETH prize is better than the preceding round.
Purchase ticket
The ticket has a beginning price of 0.002 ETH and the price increases as the Gold Clock starts offevolved to run:
• The highest ticket price will be 0.006 ETH.
• when the Gold Watch began strolling, shopping for 1 price tag turned into awarded 2 extra tickets.
Prize Distribution
The whole ETH purchased ticket is allotted as follows:
• 50% into the award
• 20% on the spot income
• 17% Referral profits
• 10% of dividends
• 3% expand new products
Prize
While having a price tag buyer, 50% of ETH sales might be allocated to the prize pool and divided as follows:
- 50% - Diamond Chest
- 20% - Ruby Chest
- 5% - Gold Chest
- 4% - Silver Chest
- 1% - Drawer Prize
- 20% - Next Round
• Diamond Chest
When one of the clocks returns to 0, the “Draw Now” button will appear to activate the random and truthful dial algorithm for every person to pick 6 winners. The chance of prevailing a price tag is the identical at all times.
• Ruby Chest
Before one of the watches flip 0, the price ticket client is the KING OF KEY and holds the important thing to prevailing the complete Ruby Chest reward.
• Gold Chest
Gold Chest is awarded to the character, who has purchase the most ticket via ETH before 1 of the 2 watches turns to 0.
• Silver Chest
Silver Chest is presented to the individual with the full sales of tickets coming from the biggest F1, every taking no extra than ETH to calculate.
• Drawer Prize
Whilst 1 of 2 watches returns to 0, the “Draw Now” button will appear to set off the random dialing algorithm and has a total of five “Drawer” winners.
• Subsequent round
20% of the ETH prize pool can be mechanically transferred to the subsequent spherical to make sure that prizes are continually available.
DAA Token Mining
DAA Token has a most supply of 20,000,000 DAA. DAA Token mining process has 10 tiers every level has 10 rounds and the full is 100 rounds.
Having a most of 200,000 DAA is exploited each spherical, when 200,000 DAA is mined, it will start the next spherical with growing trouble level consistent with the table defined above.
DAA Token Distribution
• 60% for Miners
• 20% for Product improvement
• 10% for advertising
• 10% for companion
DAA Token Burning
The whole DAA Token of the platform might be within the token pool. Each 2 weeks the device will robotically burn 50% of the DAA in the token pool.
Income
The prevailing multiplier coefficient will decreases from X25 right down to X1 depending on the range of tickets purchased at the beginning of every round. The coefficient is as follows:
Referral Income
Whilst you introduce a new comer shopping for price ticket via your Ref link, you get limitless earnings as much as 17% for 10 levels beneath:
Winning income
While buying a price ticket you have got the opportunity to win a big amount of ETH in four treasures:
• Diamond chest
• Ruby Chest
• Gold Chest
• Silver Chest
• Accompanying is the praise fee of the “Drawer” Prize
Dividend income
Dividend Pool will incorporate 10% of general ETH tickets bought and all income for FomoGame.
Gaming income
DABANKING will replace new video games in each sector to meet the wishes of amusement and boom income for the community.
ROADMAP
DABANKING targets at long-term development, bringing amusement services to the decentralized application platform, giving returned energy to customers.
Phase1:
Q4/2018-Q1/2019: construct an improvement crew, put together an element plan and put together generation basis.
Q2/2019: officially introduce game surroundings on DApp and start to increase DAB Token mining network.
Q3/2019: list DAA Token and DAB Token on unfastened exchanges and combine new video games.
Q4/2019: Open the switch port from the DAA Token to DAB Token for customers. Upload new sport Dapp.
Phase 2:
Whilst the network reaches three million users, DABANKING will formally announce its very own Blockchain and behavior swapping DAB Token to the new DABANKING Blockchain.
FOR MORE INFORMATION
Website: https://dabanking.io/
Whitepaper: https://dabanking.io/static/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5146671.new#new
Bounty Thread: https://bitcointalk.org/index.php?topic=5146696.msg51193279#msg51193279
Social media
Facebook: https://www.facebook.com/dabanking.io/
Twitter: https://twitter.com/Dabanking_io
Medium: https://medium.com/@dabanking.io
Discord: https://discordapp.com/invite/uqfMjYV
Youtube: https://www.youtube.com/channel/UCQbGkMKlxM7JdBY89S9UcIA
Telegram: https://t.me/DABANKINGOFFICIAL
WRITTEN BY
K.Siva Arulmani
Bitcointalk Username: Rachchi
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2297077