Artfinity AT to DigixDAO DGD Exchange

Crypto Pair Details: AT to DGD

Artfinity AT

ABCC Digital Asset Exchange will issue ABCC Token (AT) on July 9th 2018 (UTC+8) as part of our User Incentive Plan. 1. What is ABCC Token? ABCC Token (AT) is an ERC20 Token to be issued by ABCC Digital Asset Exchange. The total supply of AT is fixed at 210 million without any future offering. 2. Benefits of AT AT is a blockchain-based token native to ABCC Digital Asset Exchange. Members holding AT will be able to get access to a wide range of benefits including but not limited to— Using AT for various products and services on ABCC. For example, members can purchase other digital assets, pay transaction fees and gain preferential access to premium services with AT. Participating in various activities and campaigns on ABCC. ABCC will reward members who meet certain criteria. For example, members holding AT will share in 80% of trading commissions collected by ABCC. Participating in various activities such as community building, interaction between members and ABCC, proposing suggestions to ABCC and others. 3. Initial Allocation Below is a breakdown of the initial allocation of AT. 4. Issuance We will adopt a mechanism called “Trade Contribution + Simultaneous Release” to issue AT. 4.1 Trade Contribution In order to encourage our users to trade on ABCC, we have decided to reward our members with 50% of the total supply of AT. Of the 50% rewarded to users, 4/5 (i.e. 40% of the total supply) will be used to reward members who trade on our exchange platform via the “Trade-to-Mine” (ToM) mechanism. The other 1/5 (i.e. 10% of the total supply) will be granted to users who traded prior to the issuance of AT. 4.1.1 Trade-to-Mine (ToM) 40% of the total supply of AT will be used to reward members who trade on our exchange platform via the “Trade-to-Mine” (ToM) mechanism. Drawing inspirations from the Bitcoin mining model, we have adopted a similar inflation model for AT. In particular, the ToM mechanism includes two steps, i.e., “release” and “distribution”. Release The release of AT follows a half-life decay pattern. There are 6 half-life periods in total with each period being 120 days (roughly 4 months). We will release half of the total supply of AT in the first 120 days. The number of AT to be released in the following half-life period will be halved, and so on. Please see details of AT release schedule below. Within each half-life period, one “block” will be generated every 6 hours. The same number of AT will be released for every block inside the same half-life period. For example, the number of AT to be released for one block in the 1st half-life period is calculated as follows. The total number of AT in the 1st half-life period: 42,000,000; The number of days in the 1st half-life period: 120 days; One block will be generated every 6 hours; The number of blocks to be generated every day: 24 hours / 6 hours = 4; Therefore, the number of AT to be released for one block in the 1st half-life period: 42,000,000/120 / (24 hours / 6 hours) = 87,500. Distribution We will distribute AT released in a block to members per the percentage of their trading fees within that block. If it so happens that there are no members eligible for the rewards in a certain block, the released AT assigned to this block will be distributed in the next block. 4.1.2 Reward for Historical Trades 10% of the total supply of AT will be used to reward eligible existing users. We will distribute the rewards to the eligible users based on their cumulative trade volume contribution ending 24:00 June 27th, 2018 (UTC+8). The rewards will be frozen for 180 days after the launch of AT. 4.2 Simultaneous Release AT will be released to the platform, team and investors in proportion to the number of AT released and distributed to members via Trade-to-Mine (ToM). The number of AT released via Simultaneous Release = the number of AT released and distributed via ToM * (50% / 40%).

DigixDAO DGD

Digix makes it possible to buy gold in an efficient manner via cryptocurrency by providing investors with a tokenized version of gold so you don’t have to physically own or store it. Digix has two cryptocurrencies, Digix Gold (DGX) and DigixDAO (DGD), each of which serves a key role in the structure. The company proudly gets 99.99 percent of its gold from LBMA-approved refiners, with zero percent from fractional reserves, delivering confidence. With Digix, investors can take advantage of the stability and value of gold as well as the ease of cryptocurrency. Digix essentially tokenizes gold within Ethereum. It takes advantage of the Distributed Ledger’s immutability, auditability, and transparency, applying all these benefits to the precious physical asset of gold. Additionally, Digix has developed multiple technologies, such as the DGX tokens and introduced a new Proof of Asset protocol (POA). A key feature of Digix is its physical gold bullion. By investing, users buy bullion from the LBMA refineries, including the Assay Certificates from refiners like Nadir Bullion, PAMP Suisse, Valcambi, and others. For security, Digix includes third-party auditing from Bureau Veritas. Every quarter, it audits each gold asset within the safehouse vaults. This auditor has been in business since 1828 and is a world leader in certification, inspection, and testing services. With such a long track record, investors should be able to trust Bureau Veritas for their auditing services. Finally, Digix involves recast, which means customers can take their DGX delivery at the partnering custodial vault. Digix incorporated in Singapore in December 2014 and the DGD crowdsale took place on March 30th, 2016. It was the first ever crowdsale and major Distributed Autonomous Organization hosted on the Ethereum network. The sale intended to run for 30 days but met its 5.5 million dollars hard cap in just 12 hours, selling 1.7 million DGD tokens and reserving 300,000 for the Digix team. Pledges who sent over 15,000 USD worth of Ether received a special badge which will allow them to submit proposals to the DigixDAO. For better or worse, when you see the word DAO, you might think of hacking. In July 2017, over 4000 DGD were indeed stolen due to a vulnerability in the crowdsale smart contract. The bug was eventually fixed and the tokens reimbursed to the 35 affected addresses. In January 2018, the vast majority of the cryptocurrency market crashed. DGD was the only coin in the top 100 to rise in value in that time. Perhaps this is an early indicator that people will seek gold as a safe haven during times of market uncertainty. The ICO price of DGD was about 3 dollars, but in 2018, DGD reached an all-time high of over 400 dollars. When Digix finally delivers the DGX tokens and the rewards to DGD participants start rolling in, we might see an even higher demand for DigixDAO. When DGX goes live, it will be available for purchase with Ether on the Digix marketplace.

SOURCE: COINGECKO

instantcryptocurrencyexchange Statistics

Instant Cryptocurrency Exchange Platform