Introducing DCore Bridge and DCTDAO as the Future of DECENT’s DeFi Future
After becoming a pioneer in the blockchain industry and striving towards mass adoption of blockchain technologies with DCore, DECENT Group, more than others, has understood that there are two fronts in the market that need to be catered to. Businesses/organizations adoption and retail adoption, which recently accelerated in growth thanks to the development of DeFi. Therefore, to embrace this DECENTralized future, DECENT has set out to recalibrate towards these two front :
- Enabling DCTDAO channels and social media for the center of the community and focus for retail adoption as well as the DeFi future for DECENT
- Refocusing DECENT channels and social media for creating DECENT Enterprise that cater towards business and organizations looking to utilize blockchain with DCore
DECENT will execute this plan immediately starting from the 9th to 22nd October 2021 hence there will be new social media community members going to DCTDAO. But what does this mean for DCTDAO? Below we will discuss the elements that are involved in this plan one by one :
What is DECENT?
DECENT is the creator of DCTDAO ecosystem. As European based blockchain pioneers, we understand the needs for high speed, scalable and gas-less blockchain from the beginning hence DECENT created DCore, the proprietary blockchain that enables users to build various projects and create UIA (User Issued Asset). Originally made for enterprise, DCore is fueled with DCT Token for gas fees and voting power to appoint witnesses/miners.
What is DCore?
DCore is a versatile blockchain platform offering unique features that can be applied to many different industries. Some real-world use-cases where DCore proves beneficial include : Digital Content Distribution, NFTs, Gaming and eSports, Data Tracking and Audit, Crowdfunding and Micro-Funding to Raise Capital, Compliance & Certification and more.
Currently achieving speeds of 2,000+ transactions per second, DCore has continued to deliver stable and bug-free performance. Due to the decentralized principle of our DPoS consensus model, DCore does not have a single point of failure, making it extremely secure from malicious acts.
DCore will be a unique addition to DCTDAO ever-growing list of blockchains and various assets that, leveraging DCore’s superior trait, can participate in various activities on other blockchains.
What is Wrapped DCT?
Wrapped DCT is DCT that has been wrapped on a smart contract to connect and become usable on other blockchains, which in this case on the DCore bridge the blockchains are Avalanche and/or Polygon. DCT holders will soon be able to self-wrap and trade or add liquidity on Avalanche and/or Polygon based DEX which DCTDEX are also built upon.
What is the DCore Bridge?
DCore Bridge is a DApp created by DECENT to bridge DCore based tokens (UIA) to Avalanche and/or Polygon so that users can utilize tokens such as DCT on said blockchains by wrapping the asset.
What will happen to DCTD?
DCTD will remain as a utility and governance token of the DCTDAO ecosystem and will be synergized with DCT. DCTD/DCT Pair will be created and supplied liquidity opening a new swapping pair and DCore Bridge fee will be set in DCTD. Therefore all users that want to bridge from DCore to Avalanche and/or Polygon should own and use DCTD.
What is DECENT Enterprise
DECENT Enterprise is the B2B arm of DECENT Group which will pursue the adoption of DCore blockchain for business and organizations. This arm will no longer focus on the retail community and ecosystem of DECENT which will progressively migrate to DCTDAO.
What’s next for DCTDAO?
DCore Bridge development is already in progress and is set to be completed by December 2021, the process is also in tandem with the development of DCTDAO Avalanche — Polygon Bridge for tokens and NFTs. Meanwhile, in the coming weeks, DCTDAO will conduct various marketing campaigns with rewards in DCT to amplify this news.
Near future plan for WDCT and DCTD
To add further utilities for both WDCT and DCTD, DECENT is planning as well to build an in-house staking system for both tokens which will reward users for holding WDCT or DCTD with various rewards. An NFT Platform and Marketplace for DCTDAO Ecosystem is also currently in exploration mode, with DCTD and WDCT as the currency of choice once the platform is established.
For more updates on all things DCTDAO, stay tuned on the DCTDAO channels below :
Social media and channels :
Telegram : https://t.me/dctdao
Telegram Price Discussion : https://t.me/DCTDAO_Price_DCTD
Telegram Announcements: https://t.me/dctdaoAnnouncement
Discord : https://discord.gg/cKMCApcHEf
Token related link :
💎CoinmarketCap : https://coinmarketcap.com/currencies/dctdao/
🦎Coingecko : https://www.coingecko.com/en/coins/dctdao