OVERVIEW
Computer games have increasingly become a part of our daily lives as the youth now see it as their main source of indoor games. Some play to have fun but others also play to earn digital coins. The transparent nature of the blockchain technology and the application of smart contract by the ethereum network has made them very conducive technologies to be applied in the gaming industry. At least, gamers are assured of their earn tokens. This is the more reason why Dabanking thought it wise to develop a gaming platform known as FomoGames based on the ethereum blockchain. Just install metamask or trust wallet and load your wallet with some amount of ETH which will be used to purchase tickets to play games on the platform.
THE DAB TOKEN
The DAB token will be the official tokens to be used in the Dabanking ecosystem for community development and other official activities. It has a maximum total supply of 200 million and the only way to hold some is the use of mining wallet. Now let us go through the simple steps in mining these DAB tokens.
DAB TOKEN MINING
The first step in DAB token mining is to purchase for yourself a “treasury package”. The minimum amount of treasury package one can purchase is $ 200 worth of ETH and the maximum purchase is also $ 500 worth of ETH. Take note that the price will be determined by the price on coinmarketcap.com at the time of purchase and the maximum value of treasury package to be purchased at any given time would constantly be updated on the platform.
When we talk of DAB token mining, three interdependent energy wallets come to play. Namely; Gold Wallet, Green Wallet and Mining Wallet. Anytime the purchased treasury package is activated, 800% of its value is being added by the Gold Wallet. If this is the first purchase, the Green Wallet will also add 200% of the package value (100% of the value will be added if it is the second or subsequent purchases). With the Mining Wallet, what it does is that, it serves as a bank where 0.5% of the value of the Green Wallet would be deposited every day. As a result, the value of the Green Wallet will keep reducing daily as the Mining Wallet keep receiving 0.5% of its daily value.
It will get to a point where the amount received by the Mining Wallet is equal to the initial value of the treasury package purchased. From this point onwards, the daily value received by the Mining Wallet will no more be 0.5% but rather 0.4%. This will also continue until the Mining Wallet receives 400% of the initial package bought where the daily percentage would now reduce to 0.3%. As you can see, the higher the value of the Green Wallet, the more the energy that flows into the Mining Wallet daily and vice versa. It simply means, purchase more and get enough value to work for you.
Users are to take note that, the difficulty level in mining DAB tokens would increase over time based on the minimum value of Mining Wallet to be able to perform a DAB token mining at that time. In order to keep the DAB token scarce and increase its value, there would be a reserve fund where the amount of ETH used to purchase the treasury package will be locked through a smart contract and the only way to unlock them is to transfer the DAB tokens back to the smart contract, thereby eliminating those tokens from the current circulating tokens.
Read more about Dabanking and the DAB token mining at:
Website: https://dabanking.io
Whitepaper: https://dabanking.io/static/whitepaper.pdf
Join our telegram: https://t.me/DABANKINGOFFICIAL
Disclaimer: this is a promotional review about DAB token mining and not a financial advice from me so investors must do further research before investing
Authorship
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1982533