Introduction.
The blockchain technology is a decentralized network that allows transactions between peers in a transparent, faster and easy way. 2017 was a historic year for cryptocurrencies and the blockchain technology as whole because that was the year crypto gained much popularity and most of the coins also reached their all time high. Many investors, institutions and governments were attracted to it and they started giving it their attention. After this hype in 2017, the blockchain technology has undergone tremendous developments despite the drop in the prices of most of the major coins.
The Era Of Decentralized Applications And Utility Blockchain
Utility blockchain projects also joined the train and their successful completion paved way for the decentralized projects era. This peer to peer utility blockchain technology made it possible for developers to expand decentralized applications in other areas like healthcare, entertainment, real estate and many others. Decentralized applications continued to grow bigger and better and currently their number is overwhelming in the crypto space. One of the competitive advantages these decentralized applications have over the traditional applications is that, unlike the later which only works on traditional servers, the former runs on peer to peer network so information on the server has no central control. Every user has total control over their own information. Looking at the great potentials these Dapps have to offer, it was a great idea for Dabanking project to capitalize on it to become the pioneering utility blockchain platform to create an enabling environment for the building of decentralized applications with decentralized entertainment services.
The Contributions Of Dabanking To The Gaming Industry
One major drawback in the traditional gaming industry is the inability of users to prove the ownership of their earned assets and so most gamers are being defrauded. With the application of the blockchain technology in game development, players can now prove the ownership of their earned digital assets and the cost of third parties will also be cut down. The use of smart contracts in securing payments will ensure transparency and trust in the gaming industry. In order to use our platform, all you have to do is to deposit some amount of ETH onto your metamask wallet or trustwallet. It is this deposited ETH that you are going to use to purchase tickets to play the Fomogames on the Dabanking platform.
When I say Fomogames, it referrers to the independent decentralized application system within the Dabanking ecosystem which is built on the ethereum blockchain. This system ensures that users experience absolute fairness and transparency when using the applications in Dabanking ecosystem. One of the maiden game application among the Fomogames is the Fomojackpot. This game offers its players the opportunity to win big rewards with a very low start up. With just 0.002 ETH, a user stands the chance of winning over thousands of ETH in rewards.
DAA Token Mining
The DAA token has a fixed supply of 20 million DAA and the only way to earn them is to buy tickets with ETH in your wallet to play the Fomogames. The DAA token mining process is in 100 rounds group under 10 stages with each stage having 10 rounds. Like any other coin, the mining difficulty increases gradually as you move one from one round to another.
IN CONCLUSION, Dabanking is taking decentralized applications and the ethereum blockchain as a whole to a next level, join us and let’s make this project great. Visit our website at https://dabanking.io/ and read our whitepaper from http://dabanking.io/static/whitepaper.pdf for detailed explanation of our project and join our telegram group for questions and updates at https://t.me/DABANKINGOFFICIAL
DISCLAIMER: This is a promotional article for DABANKING project and not a financial advice so do your own research before participating.
Authorship
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