DABANKING- Decentralized Gaming Platform

Welcome To DABANKING

DABANKING is a platform designed for gaming which is interested in what is in vogue, catch up with it and make it best. The Dabanking team is a very focused and dedicated and have one mindset of becoming one of the pioneering Utility Blockchain Platforms which will create a best environment where Dapps can be built and on decentralized enterteinment servicas, encommpased in transparency, fairplay and the best user experience.

Introduction

As everyone knows, in present world, there are things that make our day to day activities more interesting. After busy noisy days we need to rest, and let our mind relax. People find lots of ways to do this. These activities include singing, music, films, or GAMING. Lets take gaming, there are millions of people in the world who are playing games as a hobby. Online gaming is the current trend in gaming. There are so many games on internet that will typically blow our mind.

Gaming Market Potential in Crypto

Since the year 2008, introduction of Bitcoin untill today, it has brought about a turnaround in almost every industry in the world, since Bitcoin is highly transparent and trust-able, as a with the blockchain technology and the introduction of Ethereum Blockchain added bubbles to this party. In last decade, Blockchains as the likes of Tron, EOS, STEEM and the rest of its kinds are by the year steadily moving to a state of perfection, thereby paving way for the Decentralized Applications [DAPPS] season.

What are DAPP?

Dapps are decentralized applications that runs on a peer-to-peer Utility Blockchain networks. This blockchain allows developers to spread Dapps to different fields, such as entertainment, finance, gaming, real estate, healthcare, insurance and the many more of them.

WHAT IS DAB TOKEN?

DAB is the token that will run the DABANKING platform and DAB is used as a token platform for the development of DABANKING community. Most importantly DABANKING is planning on creating their own blockchain for the platform and when this process is completed, this DAB token will be swapped to DABANKING blockchain from ETHEREUM blockchain. This swap is expected to take place when DABANKING blockchain is officially launched.
Total supply of DAB token is 200 million and users can only obtain DAB token via a Mining process on the DABANKING platform.
Other interesting feature is that even the DABANKING Developer can’t obtain DAB token in any other way except through the use of MINING WALLET to mine DAB the token.

ABOUT DAB TOKEN MINING

Mining DAB is not a complex thing. But to mine DAB token successfully, there are certain things which are expected from users who are interested in mining.
At first, miners are requested to buy what is Called “TREASURY PACKAGE” This treasury packaged can be bought with a minimum amount of $200 worth of ETH. Also according to the DAB Developer’s discretion, users can buy up to a maximum amount of $5000 worth of treasury package.
TRESURY PACKAGE is calculate from value at the time a user deposits ETH and the ETH is confirmed by the blockchain. Meaning, the deposited ETH for the TREASURY PACKAGE has to get confirmed before its value can be calculated. If there is an increase in prices between the time a miner Deposits ETH and the Time the ETH is actually confirmed, that means the value of the TREASURY PACKAGE will increase accordingly. Opposite of that is also valid, meaning if there is a fall in ETH price the price of TREASURY PACKAGE will also reduce but the reduction cannot exceed 3%. If the ETH prices reduces more than 3%, the deposit will be failed and the user will be requested to start the deposit all over again.

THE MINING WALLETS

When mining DAB token there are 3 different types of Wallets that are required, those are: GOLD WALLET, GREEN WALLET and MINING WALLET.
When the user activated a TREASURY PACKAGE, the GOLD WALLET will be added 800% of the value of the package a user paid for and the GREEN wallet will be added 200% of the package value at the first purchase of package. From 2nd purchase 100% of the value of the package.

Hers is an example of how it works, if you purchase TREASURY PACKAGE worth $1000 for the first time, such you will have $8000 in your GOLD WALLET and will have $2000 in your GREEN WALLET for the first time of buying the package.
The MINING WALLET is designed in such a way that everyday it receives 0.5% of the value of GREEN WALLET and the amount in the GREEN WALLET is reduce every day after deducting the amount flowing through the MINING WALLET of the previous day.

AN EXAMPLE OF HOW THE WALLET WORKS

Example: If a user buy a Treasury Package for the first time for a value of $1000, user will have $8000 in “Gold Wallet” & $2000 in “Green Wallet” for the first purchase. Every day “Mining Wallet” will receive 0.5% of the value of Green Wallet and Green Wallet will decrease each day after day deducting the amount flowing to the “Mining Wallet” on the previous day.
Assume you buy a $1000 Treasury Package.
Now you have $8000 in Gold Wallet & $2000 in Green Wallet. (If this is the first purchase)
Day 1: 0.5% of $2000 is $10 will flow through Mining Wallet and Green Wallet remaining $1990
Day 2: 0.5% of $1990 is $9.95 will flow through Mining Wallet and Green Wallet remaining $1980.05
Day 3: 0.5% of $1980.05 is $9.90025 will flow through Mining Wallet and Green Wallet remaining $1970.14975
This will repeat every day until Green Wallet volume goes to zero.

Distribution Plan

90% DAB Token Reserve Fund
3% Marketing
3% Product development
2% Partner (exchanges, Advisor …)
2% Reserve DAB token (Swap DAA token…)

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.

Conclusion

DABANKING aims at long-term development, bringing entertainment services to the decentralized application platform, giving back power to users. The development team has come up with long-term strategies to make DABANKING a powerful ecosystem that allows millions of customers to experience our services.
In case you want to find out more about DABANKING and DAB mining please make use of the links below.

#Dapps #DABANKING #DAB #Blockchain #ETH

• 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

Author’s bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2646618