DB Token Minting

The DB token is primarily minted through DogeBank’s unique mining power and wealth management service system. Users can mint tokens by staking a diversified combination of four cryptocurrencies: USDT, DOGE, USDC, and DB. This staking process produces 70% USDC and 30% DOGE. Among the 70% USDC, a portion serves as a stable point, which can either be instantly exchanged for USDT or be used to mint DB tokens. This minting mechanism tightly connects users' wealth management activities with the creation of the platform's native token, DB. It not only ensures diversified returns for users' capital but also lays the foundation for DB token circulation.

Significance of the Minting Mechanism:

Ø Ensuring Diversified Capital Returns: Through this well-designed and intricate minting mechanism, users participating in mining can earn stable USDC returns, while also gaining potential high-reward opportunities through DOGE outputs. Additionally, users have the flexibility to choose whether to convert their USDC into DB tokens, further expanding their income channels. This diversified earning model appeals to users with varying risk preferences, catering to their need for asset growth.

Ø Laying the Foundation for DB Token Circulation: By linking USDC and DB token minting, DB tokens are closely tied to the core operations of the platform from their inception. As more users participate in mining and choose to mint DB tokens, the circulating supply of DB tokens will gradually increase, attracting further attention and participation in activities related to DB token trading and investment. This creates a stable foundation for DB token circulation within the platform’s ecosystem, helping to drive the discovery and appreciation of DB token value and contributing to the prosperity of the platform.

Last updated