Davinci Coin DAC to General Attention Currency XAC Exchange

Crypto Pair Details: DAC to XAC

Davinci Coin DAC

Our world is composed of a myriad of communities from the individual to a family community to larger communities of the workplace and society. From now on, these communities will be connected through decentralized blockchains and these blockchains will be closely linked to another community’s blockchains, ultimately forming an ecosystem. The Davinci Project enables everyone to use a highly efficient, fast, secure and simplified payment system among nations while also minimizing the complexity of financial and accounting verifications. Also, a strengthening global trade and investment system has collapsed the boundaries of national currencies. Moreover, the credit information of foreign companies will be transparently managed. In addition, the distributed networks will have tightened security and reduced costs. Surplus resources will be shared. The transaction histories of real estate will be digitized and will also be managed transparently. The Davinci Project will be the foundation for industries such as voting, prediction systems, firearm security, human resources, insurance companies, Internet of Things (IoT), energy, education, donations, and so on. The Davinci Project was created to construct an ecosystem that encompasses cultural, artistic and other various fields, while linking domestic and international exchanges in the network from the private sector.

General Attention Currency XAC

The 2016 economic report “On the Value of Virtual Currencies” commissioned by the Bank of Canada, found three contributing components dictating a cryptocurrency’s exchange rate: The actual use of virtual currency to execute real payments. The decision of forward-looking investors to buy virtual currency (thereby effectively regulating its supply). The elements that jointly drive future consumer adoption and merchant acceptance of virtual currency. XAC Attention Addresses Attention Addresses are linked to AMARK consumer data and have specific rules enforced by the XAC protocol. There are two key functions of attention addresses: XAC-LOCK XAC-Lock is a feature that encourages continued consumer engagement with AMARK. The XAC sent to Attention Addresses is initially locked and becomes available after a maturation period. The XAC attention awards paid to consumers continually matures into availability as new XAC is earned from ongoing attention marketing. This process encourages engagement with AMARK as attention wallets will rarely have a zero XAC balance, giving consumers a consistent flow of value to spend within the ecosystem. XAC-BURN XAC-Burn is enforced at the protocol level. All transfers to Attention Addresses require 5% of the XAC transferred to be burned. The XAC -Burn feature is designed to align interests between merchants and consumers in the AMARK ecosystem. Anytime merchants use the AMARK platform for marketing, they are supporting the value of the XAC currency as protocol rules enforces a 5% burn. As such, merchants are effectively scaling the supply of XAC to match the demand from the ecosystem. This supply-side scaling mechanism will offset new coins introduced through block rewards and pressure the price of XAC to an equilibrium reflective of demand from the ecosystem.

SOURCE: COINGECKO

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