INTRODUCTION
Mining has always been with humans ever since people became interested in treasure hunting. Thanks to modern technology, there are various ways of mining at this modern times particularly online aside the orthodox method of mining. With the aid of blockchain technology, a new platform known as DABANKING has been built with a comprehensive mission to provide a profitable mining platform.
In my previous articles on DABANKING project, I emphasized mostly on the games that the platform offers. There are many great advantages associated with DABANKING gaming platform over many existing gaming platforms as well as some amazing features that will make DABANKING a globally acclaimed Gaming platform. The project has been divided into distinctive phases. In the first phase that is the initial phase, DABANKING will utilize the ETHEREUM BLOCKCHAIN for the development of the community for all users of the platform. DAB token has been programmed based on the theory of Proof of contribution Algorithm (POC). In simple terms, DAB is a token dedicated to mining with a unique algorithm by Dedication of proof where ETH is locked into a Value reserve fund.
In this episode of my series on DABANKING project, I would discuss the DAB token MINING program.
To begin with, the DAB Token mining can be undertaken simply by anyone who signs up on the platform. It’s an easy but very profitable venture. The user friendly DAB platform allows users to easily mine DAB token by following a simple set of rules.
DETAILS ON DAB TOKEN MINING
DAB is a tokenized platform by DABANKING for the whole process involved. The only means by which any user including DABANKING developer can earn DAB token is by mining the token with the aid of the DAB token MINING WALLET. There is a feature on the platform known as a treasury package which is a gate fee to join the mining pools. Users on the DABANKING platform are supposed to buy a treasury package and the least amount that a user can buy is the equivalent of $200 in ETH and the team at dabanking would determine the highest amount a user can purchase a package on the platform at any point in time.
Due to the unpredicted pricing of Ethereum on the crypto market, the true value of a deposited ETH is calculated after the Ethereum Blockchain have confirmed a transaction. In a situation where the price of ethereum drops during the time period between the deposited amount and the confirmation time, the cost of a treasury package would also be reduced but this would not go below 3% of the price. In any case, if it happens then the deposit will be annulled and the fees paid would be reverted to your Eth wallet and the deposit has to be done again. For activities on the platform, there are three energy wallets that are used and they are gold wallet, green wallet and the mining wallet. Get more insight on this and more by visiting:
● Website: https://dabanking.io/
● Whitepaper: http://dabanking.io/static/whitepaper.pdf
HOW THE WALLETS WORK
The DAB mining wallet works in such a way that a user activates TREASURY PACKAGE then “Gold Wallet” will add 800% of the value of the package purchased.
The “Green Wallet” also adds 200% of the package value when a user makes the first purchase and also add 100% of the value of the package at the 2nd purchase onwards.
For instance when a user of the platform makes a purchase of TREASURY PACKAGE for the first time with say $1000, $8000 is allocated to the “Gold Wallet” and $2000 is also allocated to the “Green Wallet” in the first purchase.
In each passing day, every “Mining Wallet” will receive 0.5% the value of “Green Wallet” and “Green Wallet” will also decrease subsequently after subtracting the amount flowing through the “Mining Wallet” of the previous day. In simple terms, the greater the “Green Wallet”, the larger energy that flows into the MINING WALLET each day.
CONCLUSION
In the near future, DAB token will be swapped from the ethereum blockchain to a unique blockchain owned by DABANKING when it is fully developed. The prospects that comes with mining with the dabanking platform looks great, I encourage every mining expert or blockchain technology enthusiast to take a careful look at this amazing platform.
Find more information on DAB token mining by visiting the links below:
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
PROOF OF AUTHORSHIP
BITCOINTALK PROFILE LINK: https://https://bitcointalk.org/index.php?action=profile;u=2511518
