Dear Users,
DragonEx Website: https://dragonex.im
The DragonEx platform is nearing its first anniversary, which falls on November 2 2018. DT (Dragon Token) Dividends have been distributed over 300 times so far, with more than 47 million USDTdistributed to the DT community! This works out to 9.11 USDT per DT held.
DragonEx continues to commit to building and growing our exchange in a community run format by always listening to our users and creating innovative solutions to answer their needs. The next big step in this commitment is to prepare for the transition into a decentralized exchange in Q1 of 2019.
According to our pre-published plans and DT Smart Contract, the DT mining difficulty will increase, and the daily tokens being added to the circulating supply will reduce by half as of November 2, 2018. DragonEx will now add additional measures to not only reduce the inflation of DT, but to stop and even turn it into a deflationary token.
It is expected that the amount of circulating DT will reach 18,688,000 by November 2, 2018. As of today, the total amount of DT bought back and burned has reached 124,213. According to the DT Smart Contract, the first halving of DT production will occur on our anniversary, reducing the new daily supply from 51,200DT to 25,600DT (of which DragonEx retains 12,800DT with the remaining half going to the community). Newly announced, DragonEx now plans on burning DT supply from our permanent locked reserves at a rate of 25,600DT every 24 hours commencing on our anniversary.
This initiative essentially prevents the DT supply from ever exceeding 18,688,000DT, substantially less than the originally planned 37,339,500DT. By gradually reducing the DT holdings of DragonEx through our planned 25,600DT daily burn, plus additional token burning initiatives, DT will change from an inflationary token to deflationary. It is estimated that the portion of DT tokens held by DragonEx will reduce from 50% to 25% on November 2, 2019, and to 12.5% on November 2, 2020 as the exchange becomes more and more decentralized and community driven.
Since its launch, DragonEx has always put its users interests ahead of all else through our community-driven approach, reward sharing, and continually listening to and responding to the community’s needs. It is these principles that are the founding reasons behind our innovations such as transaction mining, platform tokens, and shared dividends which were all originally pioneered by DragonEx. While other exchanges have tried to launch their own versions of these innovations, our underlying reasons to create these programs (to care for our community) is far more valuable than any of these features on their own, because it is these value sets that will continue to reward the community time and time again.
The DragonEx team’s innovative spirit and willingness to listen, combined with its loyal, active and creative community means that you can expect to continue seeing many more product innovations and user experience enhancements. The built-in Telegram interface and DK lottery prize pool are just two of our most recent enhancements and you can expect to continue seeing more and more of these types of upgrades.
Since its inception, DragonEx has experienced no shortage of great challenges, each one approached and overcome with a level of positivity made possible by our passionate users and their loyalty which fuels our energy to protect our community at any expense. From DDoS attacks that kept us up through the night, to the MDC coin exit scam which had DragonEx absorb all losses and compensate our users at our expense, we have always come out of every problem stronger than when we went in, and with more and more community support and trust.
Since its inception, DragonEx has experienced no shortage of great challenges, each one approached and overcome with a level of positivity made possible by our passionate users and their loyalty which fuels our energy to protect our community at any expense. From DDoS attacks that kept us up through the night, to the MDC coin exit scam which had DragonEx absorb all losses and compensate our users at our expense, we have always come out of every problem stronger than when we went in, and with more and more community support and trust.
We have never once compromised our core values and are very satisfied in what we have accomplished for our users, but we are never satisfied to stand still. There will always be a way to improve one way or another, and you can rest assured we will continue to find those ways.
Thank you for being a part of our community and we look forward to exceeding your expectations at every opportunity.
DragonEx – Exchange to Better Community
Best Regards,
FinnAugust 29, 2018
(Reposted from: https://dragonex.im/en-us/news/article/1164?curIdx=0)