DAB TOKEN MINING - THE REVIEW
Hello friend and followers, I trust by now many of you have seen and read my review about DABANKING, a blockchain-based project that is focusing on building a game ecosystem on Dapp, bringing positive, effective and efficient change to entertainment market and providing eye-catching, high rewards service to the community.
In this article, as promised, you will learn, in details, about DAB token and how to go about mining DAB Token
The first thing you should know is that the only way to obtain DAB Token is what they Called “Mining Wallet”, in fact, it is claimed that there is no other method to obtain DAB even by DABANKING’s developer. Everyone that wish to obtain DAB token (who would not?) must do it through the “Mining Wallet”.
DAB TOKEN MINING
It is not a rocket science to start mining DAB, users that wish to mine DAB will need to buy what they called “Treasury Package” for as low as $200 in ETH worth. This amount is the minimum “Treasury Package” users can buy at any time and the price will be based on Coinmarketcap.com at that particular time. The maximum value of Treasury Package users can buy can be vary according to developer’s discretion at different times. DABANKING has made it known however that the maximum amount of “Treasury Package” users can buy in early times is up to $5000.
Users should take note that although the minimum value is $200 worth of ETH, the value will only be calculated when the transaction is confirmed on blockchain and not when user initiate the deposit. The good thing about this is that, if ETH price increase before confirmation is done on blockchain, the value of “Treasury Package” will also increase, and DABANKING has made it so that the value can never decrease less than 3%, if it is less than 3% before confirmation on blockchain, such deposit will fail and the user ETH will be returned. Such user can then choose to initiate another deposit based on price at the time.
DABANKING have 3 energy wallets that is relevant in exploiting DAB token, and they are:
- Gold Wallet
- Green Wallet
- Mining Wallet
Each of these wallets have their own functions and based on value of “Treasury Package” user buy at the time.
To better explain, when a user buy and activate “Treasury Package”, for “Gold Wallet”, 800% of the value of such user’s purchased will be added. For “Green Wallet”, users first purchased will attract 200% of the package value and subsequent purchases will attract 100% of the package value.
To illustrate for better understanding, if I as a user, buy $200 worth of Treasury package for the first time, I will have $1600 in my “Gold Wallet” and $400 in my “Green Wallet”. This is for my first purchase.
Now to talk about “Mining Wallet”. The “Mining Wallet” works in such a way that it will receive, every day, 0.5% of the total value of “Green Wallet” and as “Mining Wallet” keep receiving 0.5% every day, “Green Wallet” will be decreasing each day after the amount that flows to “Mining Wallet” is deducted.
Here is the catch though, the 0.5% of the value of “Green Wallet” that “Mining Wallet” will receive every day is apply only until it reaches a total value of 100% of the package you purchase. After 100%, the rate will decrease from 0.5% per day to 0.4% per day, and the rate per day will decrease from 0.4% to 0.3% after “Mining Wallet” must have received a total value of 400% of the package such user buy.
For better understanding, let us look at this scenario; I buy a Treasury Package of $200, my “Green Wallet” will now contain $400, which is 200% of the total package.
1st Day: 0.5% of $200 ($1) will flow to the Mining Wallet and the remaining balance in the Green Wallet will now be $199
2nd Day: 0.5% 0f $199 ($0.995) will flow to Mining Wallet and the remaining balance in the Green Wallet will now be $198.005
3rd Day: 0.5% of $198.005 ($0.990025) will flow to Mining Wallet and the remaining balance in the Green Wallet will now be $197.014975
This is how it will be going until the balance in my Green Wallet reaches 0.
What the example above reveals is that your energy profits that will flow into your “Mining Wallet” every day depends on the value in your “Green Wallet” and how large the value is.
More about this here: http://dabanking.io/static/whitepaper.pdf
Let me assume that I now have energy at “Mining Wallet”, I can now proceed to exploit DAB Token in what DABANKING called R1 ratio. DABANKING’s AI Bot is responsible for updating this R1 ratio automatically at different times based on four things; current price of ETH, DAB Token in circulation on the market, the value of reserve fund and the number of developing users in the community at that time.
As you can see, it is not a rocket science, DABANKING have put everything into place to ensure that users do not have difficulty in the process of mining DAB Token and you can use up to maximum 400% of the value of “Mining Wallet” provided by DABANKING instead of just using your purchased “Treasury Package” to mine DAB Token.
Join DABANKING now and see for yourself what the fuss is all about, this is Gaming platform like never before.
Until next time when I will be talking about DAB's Ranking Mining Bonus and Community Development, see you at the MOON!
#Dapps #DABANKING #DAB #Blockchain #ETH
Kindly visit following links for more information about DABANKING and DAB Mining;
Website: https://dabanking.io/
Whitepaper: http://dabanking.io/static/whitepaper.pdf
Telegram: https://t.me/DABANKINGOFFICIAL
Twitter: https://twitter.com/Dabanking_io
Bitcointalk Ann: https://bitcointalk.org/index.php?topic=5146671.new#new
ABOUT AUTHOR:
Bitcointalk Username: DamiOla
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2257445