[/email]WHAT ARE DEC777? AN OVERVIEW ABOUT NEW "DEFI EXCHANGE PLATFORM" AND THE UPCOMING PRESALE "DEC TOKEN"
"Cryptocurrencies Markets" is on its new uptrend period. "DEFI" trend is one of easiest thing that everyone recognized and it is strong guideline for next growth cycle of this property type.
Giving thanks to value of the phrase "DEFI", ETH has made a spectacular comeback, strongly growing for 2 consecutive quarters in 2020.
Therefore, some other currencies such as Chainlink (LINK), Aeve (LEND), Balancer (BAL), Band Protocol (BAND), …etc - got an outstanding growth in both capitalization and value. Specifically, BAND has grown at 5166%, LEND is "no less" with when reaching 3771% in grown value.
http://The Exchanges are also not standing out of this game when launching a series of trading apps that integrate decentralized functions such as BinanceDEX, Uniswap, Justswap,...etc
Righafter, we will learn about DEC777 together - a new "Defi Exchanges" project's that brings the most outstanding advantages of blockchain - solving unrevealed of DEFI problems and blockchain's security vulnerabilities.
I. WHAT ARE DEC777?
DEC777 is a Decentralized Exchanges platform, being built base in of the ERC777 technology (Ethereum Blockchain) - a new type of trading platform that allows DEC777 to be better, more secure and avoid hacker's attacks in cryptocurrency's transactions and storage.
DEC777 has positioned as an exchanges that can build and develop a "non-spatial" database - realizing essence of the decentralized transaction networks, the true meaning and nature of DEFI
II. PROLEM WHICH OCCURED IN TRANSACTIONS ON BLOCKCHAIN
- Security: Nowaday, most of the transactions were being done on centralized Exchanges such as Binance, Huobi, Okex, Bitmex, ... Hackers often use DDOS attacks to steal a lot of assets and data stored on the exchange.
- Transaction Fee: Expensive transaction fees were always be concerned issue, most importantly centralized exchanges can intervene and adjust these deposit / withdrawal fees according to their preferences. On old and outdated protocols like ERC20, ... the peak fees can go up to over $ 100 - $ 200 for each transaction.
- Orders Limit: Currently, all Defi brokers are only allows an execute immediate orders (market orders), which were very difficult when the investor cannot have the right to pre-order their desired exchange order.
- Centralized Databases: Centralized databases on major exchanges are now vulnerable to external factors such as terrorism, institutional / government intervention, or direct cyber-security attacks. Endanger network system, user's information and property.
- Market Manipulation: Today, there are about 40% - 60% of transactions come from Automatic Trading Bots - trading software be written which for the purpose of creating BUY's / SELL's wall, manipulate, prices changing in the market.
- Cross-chain: Cross-chain technology has been applied to decentralized exchanges, but it is still not completely thorough because of the requires 3rd's party confirmation, internet connection is required to be able to trade.
III. WERE DEC777 CREATED FOR?
Most of us have not has fully understanding the conception of blockchain. Although it is said that trading, making transaction by crypto on the blockchain platform, but we had chosen the centralized exchanges to store money and assets. In other words, your money, BTC and ALTCOIN are putting on the broker's wallet, held by the brokers.
Looking backward at every historically attacked over the past decade, most cryptocurrency attacks had came from centralized exchanges, costing billions of dollars each year. The most typical example is the hack of the Mt. Gox happening in Japan which lasted from 2011 to 2014, took away 792,500 BTC, causing this exchange incapable of operation and having to stop trading permanently. Many investors were suffered heavy losses in this attack.
Every investors need a robust, secure and secure exchange environment, where they can safely invest, trade and perform a variety of functions, but still retain control. Full control over all of its assets.
No intermediaries, no government intervention, complete transparency and safety of your property.
IV. WHAT WERE DEC777 SOLUTIONS?
- ERC777: Instead of using old technology platform ERC20, DEC777 were used and based ERC777 platform, which gave them more control over their tokens. It redefine various functions of the ERC-20 token, to reduce friction in transactions.
- White/Black List: Another feature of the ERC-777 token is the ability to white-list and blacklist. Listed addresses with a successful transaction history give them an additional level of trust. Meanwhile, DEC777 may reject transactions which were related to blacklisted addresses due to hack history or other transfer issue are of another risk.
- Free Transaction: All transactions generated by sellers and buyers on DEC777 are completely free. You can withdraw your tokens for free on the DEC777 platform at any time. The fee for listing your tokens on Exchanges will be charged and announced via the exchange's DEC code or it can be free (depending on the period).
- Unlimited Order Book: Unlike the other Defi Exchanges, investors whom want to purchase tokens or coins must wait and watch for getting the best prices. DEC777 save you tons of time (Saving Time) by allows placing unlimited buy / sell orders. This is something that no Defi exchange platform has been able to do yet..
- Distributed Database: The hashing mechanism with hash functions and database distribution helps DEC777 avoid almost all network attacks, including the DDOS attacks. And, DEC777 is not under the control of any other agency or organization, absolutely secure for users.
- Market Free Trade: Trading activities between two both buying and selling parties are conducted freely and very transparently, there is no automatic trading bots, no brokers intervention that changes the operating mechanism of the market. It is characteristic decentralized of DEC777.
- Dec777swap: Token swap is part of DEC777's development roadmap. The special feature is that the DEC777 only acts as a door for buyers and sellers to exchange assets with each other. This operation will take place even if when you are not in internet connection status. During Disconnect Network state, you can still access DEC777 and trade. That means your (Balance) account is always in a state like a cold wallet (Hardware Wallet), helping to defend against Hacker attacks, as opposed to currently storing assets on concentrate exchanges.
- DEC Stable-coin: After a serveral of time of the development roadmap, DEC777 will launch the Stable-coin token, which is anchored directly on the currencies basket of major crypto-currencies and DEC token of DEC777's project. That helps to bring stability to the Stable-coin to avoid exchange rate fluctuations when the dollar has strong exchange rate fluctuations..
V. WHAT IS DEC TOKEN?
DEC is the official token in the Defi - DEC777 ecosystem. The DEC code were established base in ERC777 technology which is an Ethereum's newest platform..
DEC acts as a base crypto-currency that performs the function of lending and exchanging transaction value in the DEC777 blockchain platform. In addition, DEC is also used as coin / token transaction fee, new token listing, ..etc
VI. BASIC INFORMATION OF DEC TOKEN:
Token name: DEC777
Ticker: DEC
Blockchain: ERC777
Contract: 0x4b21fe3dcbfba42a1e52dc2f2ad332e177f7e1b1
Token Type: Utility
Consensus: Proof of Stake
Total Supply: 18,000,000
Circulating Supply: 14,000,000
https://dcf.dec777.com/assets/bct/allocate.jpgToken Allocation:
With a fixed and limited total supply of 18,000,000 tokens. DEC were divided into 4 parts by the Development team and allocated as follows:
- 4,00,000 DEC were locked, accounting for 22%. The unlock token's period is 1 time per year, the quantity of unlock are 1,000,000 DEC each. With this time period and amount of allocation, neither too long nor too short. It is enough for the project to develop to resonate in the community, while still retaining the value of the DEC token as well as the investors's benefit.
- 6,777,000 DEC will be opened for public sale as auction. The proceeds will be used for project development and community activities.
- 4,333,000 DEC are for Development team and Project's partner.
- 3,000,000 DEC use to call preferential capital, for large organizations and investors in the Pre - Sale (ICO) stage.
DEC TOKEN ALLOCATION
Locker 4,000,000
Defi Crowd Funding (DCF) 6,777,000
Team Dev 4,333,000
Angel Investor 3,000,000
DEC TOKEN BEING USED FOR?
In DEC777 ecosystem, DEC token are used with the following specific purposes:
50% of the proceeds from DCF funds will be used for DEC777's operations. Including system upgrades, network infrastructure development, employee salary and commission payments, event promotion communications - a new platform for DEC777.
30% of the fund is used to prevent risks in case of problems to ensure the interests of investors participating in lending activities, exchange on the Exchanges platform..
The remaining 20% are investment fund that DEC777 devotes to the future contracts on its system.
In the other hand, DEC is also used in the smart contract network to exchange, use as swap coin / token fees, fees for listing new tokens on the exchange.
VII. HOW CAN BE PURCHASING DEC TOKEN?
DEC tokens are opening presale in two phase:
The first phase: for major Angel Investors is open from August 26 to September 7, 2020. The total amount of DEC for sold are 3,000,000 tokens
The second Phase are public offering (public ICO) as auction via Dapp, direct on the project's homepage.
https://dec777.com/ .
OPEN PERIOD: Sept 07. 2020. 10h:30 AM (UTC)
Hard Cap 21,000 ETH
Soft Cap 5,000 ETH
Exchange Rate 1ETH = 500 DEC
Payment: ETH
Investors need to prepare ETH in blockchain wallets of the Ethereum platform such as Metamask, MEW, Trust Wallet, ... Note: centralized exchanges's wallets are not allowed to avoid errors or loss of money while transferring exchange tokens with the system.
Where are DEC Tokens to be stored?
Placing a direct ICO purchase on the project's homepage, the token will be transferred to your personal wallet. DEC will be stored on all Ethereum wallets such as Metamask, Myetherwallet, Trust Wallet, or other cold wallets, ...
Where are DEC Tokens to be trade /exchange?
DEC777 is a decentralized exchanges system, itself. So, the DEC token is listed on its native exchanges.
Simultaneously, in the development roadmap, DEC's Development Team will follow the correct process and list DEC on many other major exchanges. In the first quarter of 2023, the DEC Token will be listed and traded on Coinbase after it has fulfilled and met all strict of Coinbase's requirements.
VIII. SHOULD INVEST IN DEC?
Technology: A special feature that make DEC create the difference is the development of a decentralized transaction spatial system without the need of internet system.
You can see, the internet is a place where you are susceptible to malicious code, password lost, information and personal data stolen when conducting regular transactions on financial markets. DEC helps you to completely solve this problem. Imagine, you do not need the internet, with just a cold wallet that stores independently, offline on your computer and still can penetrate the financial market of hundred billions of dollars to transact with millions of other investors. DEC777 is a practical project, correctly resolving, correctly capturing the weak point hindering the development of the Blockchain industry in general and the Defi field in particular..
DEC Token Potential value: With only 18,000,000 tokens be in circulation, and 6,777,000 DEC open to the public. The DEC777 project is considered to be worth your investment when its initial capitalization is extremely low. In particular, the DEC token has its mother exchanges DEC777, a Defi product were established and realized. It is difference with a "non-valuable" project formed when the product's value has not been seen.
Just look at BAL, LRC, LEND, ... or any other Defi exchanges. Although, there are many weaknesses that cannot be overcome, the technology is more outdated and outdated, but the value has increased to the highest of 5000% in just 3 short months.
An extremely attractive profits and benefits are worth for investing in at this stage.
Moreover, DEC has a very great policy of in keeping its cryptocurrency value. All Holders whom holding DEC tokens are compensated as a shareholder of the ecosystem.
Profits earned will be distributed up to 70% for DEC token holders, the remaining 30% will be used to pay fees incurred in the future. This has been anchored and displayed directly on the DEC777 smart contract. Transparency and publicity, this is something that not any project has been done up to now.
Finally, you are also given a lot of benefits when holding DEC tokens. In long term, DEC will list and co-issue a lot of tokens from other projects on its own ecosystem. Holding a large amount of DEC also means that you will be given priority to benefit from DEC's partners first, such as the right to buy /own new tokens, airdrop tokens.…
IX. SUMMARY:
Until now, the total capitalization of the defi market has only reached about 10 billion dollars, the development potential of this segment is very large and expansive. However, nevertheless later, the Defi projects will be more carefully selected as a purification step of the market.
Colorful, dreamy and no value "drawing cakes - non-valuable project's name" will be removed from the track. Then your risk will be extremely great when investing in these garbage projects..
On the contrary, a project with clearly roadmap, existing products like DEC777 has a place and is worth choosing in your portfolio.
It is very difficult like searching diamonds in the heart of the desert, but it must be understood, the Defi exchanges project is the array that helps create the most sustainable value for the blockchain ecosystem and the crypto industry.
Link information DEC777
Telegram:
https://t.me/DEC777officialLinkedin :
https://www.linkedin.com/company/dec777-foundationMedium :
https://medium.com/@dec777officialReddit :
https://www.reddit.com/user/Dec777official/Twitter:
https://twitter.com/dec777officialEmail:
Contact@dec777.com
