DXB Pay.

 

Introduction

In over a decade, innovation took off like wildfire, leading to more agile solutions that helped with Bitcoin’s limitations on speed and transaction throughput. The class of “digital assets” became more widely known, started to include other types of entities: tokens, security tokens, stablecoins, as well as non-fungible tokens (NFTs) linked to artworks or digital items.

Bitcoin itself evolved, and moved away from true peer-to-peer communication. Instead, users contacted nodes with a greater capacity to gain access to the network. Blockchains onboarded more users over the years, facing multiple times the problem of scaling, speed, technological and financial costs.

New forms of blockchains appeared, based on delegated proof of stake, allowing for a limited number of nodes to verify transactions securely. One of those blockchains, Binance Smart Chain (BSC) opened the door for building new projects immediately capable of offering multiple uses in terms of fast, cheap transactions, liquidity and added value.

DXB is one of the new token-based projects that has chosen BSC to expand its payment gateways, decentralized trading and business plans. The project uses the latest developments in scalability, cross-chain transfers and asynchronous off-chain communication to expand the latest trends in digital asset use cases.

About the DxSale Project?

DxSale is a decentralized, cross chain, token management platform as a service. Its goal is to launch the DXB token through the initial discount sale, until reaching a predetermined hard cap. After the pre-sale, the distribution of DXB will happen only through PancapeSwap.

PancakeSwap is a decentralized exchange based on BSC, which provides liquidity pools for swapping BEP-20 tokens. PancakeSwap will generate the potential to swap between Binance Coin (BNB) and DXB, for purposes related both to the initial token sale, and to subsequent swaps, transfers, rewards and token issuance.

The Blockchain Function

The products related to the DXB token plan to use blockchain for most of their implementations, including the initial financial and trading stage. Later, DXB will utilize blockchain capabilities to create a bridge between any type of cryptocurrency

Smart Contracts

BSC is the underlying blockchain already optimized for the creation and running of smart contracts. The feature makes it possible for DXB to work as a token in multiple tasks, by completing the conditions of a smart contract.

The final versions of all technologies related to the DXB token are subject to change and some level of confidentiality. However, smart contracts have been tasked with performance elements key to any cryptocurrency startup.

Those tasks include:

 ● Initial token sale and issuance;

● Token fees;

● Scheduled or sporadic token burns;

● Trading performance;

● Events based on price oracles;

● Reward distribution;

● New, regular or sporadic token sale or issuance;

● Locking tokens for a preset duration of time;

● The size and schedule of incentives and awards;

● The issuance of stable-priced assets, such as tokens with a preset value of $1.

Smart contracts are thus virtually limitless, opening a space for new use cases and decentralized applications. Building with smart contracts can offer scalability, democratize access to tokens, and drive the adoption of DXB.

BUSINESS MODEL

The very first digital coin, Bitcoin, was created with a single value proposition in mind – to become a cash-like asset for electronic payments. Its value lay in the pseudonymous, fungible nature of the network.

Later, open blockchains like Ethereum were started with the idea of offering a space for distributed computation, generating value for miners, developers and the risk-takers that created applications.

The Platform Difference

Choosing a platform for token transfers is of utmost importance for the future of cryptocurrencies. The features of the underlying blockchain can make the difference between wider adoption and barriers to entry that limit new users, businesses and developers.

PROBLEMS/CHALLENGES

Launching a cryptocurrency poses both general and specific challenges. On the more general side, digital coins and tokens are still having an image struggle related to their potential involvement in scams, money laundering, or other dishonest schemes. Even the relatively volatile market price is often cited as the chief reason to avoid digital assets.

The cryptocurrency market is already saturated with multiple offers, and new projects need an edge to stand out among the thousands of tokens. The ease of creating new tokens, as well as DeFi applications and trading curves, mean potential buyers are becoming confused with the variety. Added to this is a general distrust of some projects, especially due to the history of rug pulls, which are the equivalent of dumping coins and crashing the market. Token-based projects also often experience smart contract exploits, such as generating unauthorized new tokens and selling them on exchanges. 

Solutions

Cryptocurrency solutions can be extremely agile through the usage of the latest technologies. DXB is dedicated to solving some of the key issues of general digital asset usage, as well as DeFi and algorithmic trading specifically.

DXB starts off with the premise to avoid as much as possible saddling new buyers with impermanent loss. For that reason, DXB is not built with the idea of “farming” in mind. Instead, each transaction carries a fee of 7%, which is partially sent to the PancakeSwap liquidity pool. The only thing DXB owners should do is hold onto the coins, and receive a part of the fee back, in the form of BNB tokens. We will discuss this solution further in the detailed outline of DXB tokenomics.

TOKEN

Parameters for DXB:

●  Initial supply: 500,000,000,000,000 (500 trillion DXB)

●  Transaction fee: 7%, down to 2% in perpetuity upon reaching token burn schedule goals.

●  Burn address: 0x0000000000000000000000000000000000000000

●  Standard: BSC-20

●  Network: Binance Smart Chain

●  Wallet: MetaMask, Trust Wallet, any Binance Smart Chain supporting wallet

●  Exchange: PancakeSwap

Token Sale 

The token sale of DXB aims to achieve an orderly, organized and democratic distribution of a fraction of the tokens. The token sale will jump-start the exchange of value and put the foundations of the crypto-fueled economy of the project. The token sale will be achieved through the DxSale entity. The process will start with a pre-sale of 14% of the supply. Any extra tokens left from the presale will be automatically sent to the burn address, reducing the supply even before the PancakeSwap listing. The sale will also be supplemented by a 10% airdrop to facilitate wider adoption.

Token Model

Beyond the technological side of a token, perhaps the most important feature of a cryptocurrency startup is the tokenomics, or token model. The tools for controlling supply, demand and turnover are at the basis of discovering the market price and boosting the real economic value of the token.

The monthly schedule will burn the equivalent to 5% of the tokens distributed to new buyers. These tokens will be taken from a treasury wallet created and locked specifically for this purpose. This special wallet will not have an impact on the liquidity pool, the liquidity providers, or the tokens already distributed to buyers.

The token burn will continue until the circulating supply decreases to only 2% of the initial supply, or just 10 trillion tokens remaining out of the initial 500 trillion. The supply of DXB will thus be locked either in the wallets of strong holders, or the PancakeSwap liquidity pool.

The remaining 30% of the BNB reward will be diverted to the project’s team. 10% will go toward the charity goal of building 101 schools in disadvantaged areas. 

The complex fee schedule will continue until achieving the goal of retaining 10% circulating supply in proportion to the total token supply locked in various addresses. Afterward, a flat 2% transaction fee will continue to apply in infinity. The initial and perpetual rewards will be key in fortifying the DXB team and adding to development and marketing achievements.

ROADMAP

The full features of all DXB-related products will arrive over time, hinging on adoption and general market conditions. Over time, the project will have a dedicated marketing and development project to hit the promised milestones. The roadmap will be a mix of pre-scheduled events based on a smart contract, and achievements pending patented technology and marketing efforts. The tentative roadmap includes the general sequence of events and community building.

Stage 1

●  Safe & Fair launch of DXB Token

●  Listing DXB on DEX

●  Initial token & LP burn

●  White Paper and Website Launch

●  Coingecko & CMC listing

●  Community growth

●  Social Media marketing campaigns

●  Use Case Development

Stage 2

●  Marketing and social campaigns (Large scale)

●  Dex/cex listing

●  Community governance

●  Start charity distributions (Description follows)

●  Explore DXB/ other pairs trading

●  Launching DXB Trading platform

●  Use Case Development

Stage 3

●  Contract auditing

●  NFT Farming

●  Ecosystem development (Use Case soft Implementation)

●  Launch of novelty merchandise for DXB token

●  Implementation of community ideas

●  Exploring DXB DeFi App

Stage 4

●  Expand Use Case Implementation

●  Launch strategic partnerships

●  Launch DXB DeFi App / Crypto Payment solution

●  Explore investment and local trading platforms across the world

●  Explore other use cases to bridge the gap of crypto universe with the real world

●  Multifunction use cases

TEAM

Beyond the initial smart contract and token creation, the growth of DXB will depend on the community building initiatives. Digital asset platforms have always depended on open-source efforts and the voluntary inclusion of developer talent. The DXB project expects to attract developers interested in adding to the technological mix.

The community will be involved in multiple ways – as holders of DXB tokens, voters, traders and through communication on the Telegram channel where new ideas and discussion may emerge.

The recruiting process for DXB will be always open.

DXB will build a team of developers, marketing managers and community representatives in different roles. However, the team will have limited governance of the token, and will only facilitate the primary goals of the project.

The team will be tasked with marketing strategies and goals, charity initiatives, and the development of the final products on DXB. DXB is thus a two-tier team, with one tier being the central builders and marketing drivers. The other part of the team is also crucial, and is made up of community volunteers with token governance rights, who will add to the project’s growth and success.

●  Official Website: https://dxbpay.cc/

●  Telegram: https://t.me/DXBPay

●  Facebook: https://www.facebook.com/DXBPay-104010111894944/

●  Twitter: https://twitter.com/DxbPay?s=09

●  Instagram: https://instagram.com/dxbpayofficial?utm_medium=copy_link

●  Youtube: https://youtube.com/channel/UCvRIYjlHDFm-SPpkpfDRxmQ

AUTHOR

Bitcointalk username: Tomohoon

Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=3198788

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