Launch: 30th of May 17:30 GMT +1Dom - DSmash is a new currency tied to the DomSmash Market Platform.DomSmash will work as an extension to Steam.
As of right now, Steam takes up to 15% in fees when you trade an item for cash on their marketplace.
This means that if you plan to use a skin for a few weeks and then sell it again, you will have lost 15% of your money if the price stayed the same.
The fees on the Steam market to trade CSGO items are the following:
Counter-Strike: Global Offensive fee (
10%)
Steam transaction fee (
5%)
The price of most game items on the Steam market is low in volatility.
This means that the chance of you gaining that 15% back in a few weeks is extremely low, as only more items enter the Steam market.
Therefore DomSmash will be an addition to your gaming apps.
The DomSmash market will synchronize the real time value with the items that are on the Steam market. This allows players to have sales and be able to withdraw their money back into their own pocket allowing users to trade more freely.
The fee of trading on DomSmash will be 1% for trades below 100$ and a maximum of $1.25 in fees on trades above 100$. This will ensure the possibility of trading items with next to no loss or a tiny profit.
Steam will still be your main platform to play your games on and use to keep your friends close to you. But the DomSmash extension will allow you to trade on a fair market and not be abused by the fees.
RoadmapThe launch of DomSmash Currency will be on the 30th of May.
Mining will be active from the start with PoS kept off the first 15 days.
PoS will kick in at day 15 or block 21.600.
From there PoS will be set to 0,80% per day till the 1st of October 2018.
At the launch of DomSmash, the daily percentage of PoS is reduced from 0,80% to 0,15% per day. This will ensure the currency against hyperinflation.
The PoW block reward will also be lowered from 3 coins to 2 instead.
From that point, the DomSmash will have a built in Mining Pool.
Gamers will then be able to push 1 button and they PC will start to mine directly to their DomSmash wallet. Free money to spend on games, items or just to withdraw.
In winter of 2019 the platform will be made available on the Apple Store and Google Play Store. Then you can trade anywhere, anytime.
Name: DS - DomSmash
Ticker: DS
Algorithm: Skunkhash
PoW Reward: 3 DS
PoW Reward stage 2: 2 DS
PoS Reward: 0.80% daily.
PoS Reward stage 2: 0,15%
PoW ends: block 786.000
Block Time: 60 seconds
Premine: 270.000
Premine Distribution/BountiesThe DomSmash project is created with a premine of 270.000 coins.
This amount will be distributed the following way:
Mining Pool Bounty
First PoW Pool: 1000
Second PoW Pool: 500
Third PoW Pool: 250
Block Explorer: 2500
Translation bounties: 500 each
German
Hindi
Arabic
Spanish
Portuguese(Brazil)
French
Russian
Chinese
Vietnamese
Airdrop Details
10 Airdrops total.
250 Slots.
100 DS each.
Mac Wallet Bounty: 1250
Development fund
10.000 DS for development of DomSmash.
After the DomSmash platform is live, all costs will be covered with the trading fee of 1% per transaction.
Official Links and Wallet downloadOfficial Website: Coming Soon
Windows Wallet:
https://mega.nz/#!rOoDiQba!bFED5HiFwRiOnQsY0VB9gGY10ZkuucKh_ZpiaMxDEiELinux Wallet: Coming Soon
OSX Wallet: Coming Soon
Official Trading Thread: Coming soon
Airdrop dates:
14th of May 18:00 GMT
30th of May 18:00 GMT
Then every second friday at 18:00 GMT
250 slots per drop.
100 coins per user.
To qualify, you must send me a private message with your DS address and post below.
The account must be the rank of Junior member to be able to participate in the airdrop.
If you enter multiple times, then you will be banned.
