Draken DeFi Chain ! Next Generation Blockchain for Decentralized Finance !!
Intro to Draken DeFi ( Decentralized Finance )
Draken DeFi Chain
For the past few months, one domain that is of Decentralized Finance (DeFi) is very hot in the cryptocurrency space, and all eyes are focused on the development of a DeFi product that can decentralize the digital economic system in its true sense. Decentralized Finance, in its simple sense, is basically the merger of traditional banking services with decentralized technologies such as cryptocurrencies and Decentralized Applications (dApps).
Draken DeFi Chain (referred to as “Draken”) as an all-in-one blockchain-based platform for multi-tiered Smart Contract, utilized for a wide range of real-life use cases to achieve blockchain mass adoption. It focuses on privacy and portability with the latest decentralized technologies in oracle, storage, data science, fiat payment, and more to form a complete financial ecosystem on-chain.
Why DRK Chain ?
There are many technical difficulties around blockchain core technologies, which need breakthroughs and out of the box thinking. At present, the infrastructure to support the development of blockchain applications is unstable and time-consuming. Thus many applications are not effective. Draken consensus is upgraded from Proof-of-Stake of ETH 2.0 into Proof-of-Honor (PoH), which uses HodgeRank to rank nodes based on the amount of Stakes and amount of Transactions to encourage DApp developers to serve as many users and generate as many transactions as possible.
PoH also adopts an advanced incentive system to eliminate all cheating & slacking miners to preserve the longevity of the blockchain network and adopt a smart free-gas policy called “Gas Station” which is more advanced than Tron’s to make blockchain transactions cheaper while evenly anti-spam and incentivizing to miners. Moreover, its providing reliable support for various blockchain applications, as well as promoting the implementation of blockchain applications in all kinds of industries in order to make blockchain technology more effective in serving mankind.
Platform structure :
The Core Layer manages the agreements formed on the ledger and transition status. It includes the most basic smart contracts, allowing the creation of different entities and payment requirements. It also detects when the payment has been completed. It is based on immutability, system’s transparency and intelligence<.
The Extension Layer manages the actual trading conditions and rules. Most payment requests are not straightforward; if it comes from a business, it will usually have rules for calculating taxes, payment terms, deposits or advances. All of these conditions are in the form of extensions that can be added to payment requests.
Most users of DRK will not be only blockchain developers or software engineers, but rather participants in decentralized organizations, and in some cases creators of them. These individuals will be interacting with the DRK platform primarily through the Dapps built on DRK Chain.
Draken’s Innovations :
Draken Defi Ecosystem 23 :
https://explorer.draken.tech
Draken Explorer is a tool for inspecting and analyzing Draken blockchain. Packed with Tons of Utilities and much more features to come.
Draken Explorer
Validator Staking
Privacy Smart Contract
Gas Station
Gas Station 26</span
Draken Crosschain Decentralized Exchange (DEX)
More Coming Soon
DRK Cross-chain Swap
DRKCompound
DRK Insurance
DRK Governance
DrakenX Entertainment Platform
DRKakao Decentralized Social Network
Draken Crosschain Dec-Exchange (DEX) :
Draken DEX is integrated with all of Draken future Dapps including DRKompound, DRK Insurance, DRK Swap, etc.
Usability :
You only need to log in by connecting with your wallet (through Metamask, Trust wallet, or other Dapp browser) once. You do not need to switch between different blockchain networks while trading
Safety:
All of your deposited funds are safe. All of your cryptocurrency wallet addresses(for Bitcoin, Ethereum, Tron, etc.) are generated from your logged-in wallet signature. The private key of your DEX wallet addresses cannot be accessed by any party including the DEX
creators.
Cross-chain:
Draken DEX allows you to seamlessly trade between cryptocurrencies on any blockchain network (Bitcoin, Ethereum, Tron, etc.)
Dapp:
Draken DEX allows you to seamlessly trade between cryptocurrencies on any blockchain network (Bitcoin, Ethereum, Tron, etc.)
DRK Crosschain Swap ( Coming Soon ):
DRK Swap = UniSwap + Crosschain, providing liquidity for the whole DeFi Ecosystem on DRK Chain, and between DeFi Ecosystems on all blockchains - DRK Chain, Bitcoin blockchain, Ethereum blockchain, Tron blockchain, etc.
DRKompound ( Coming Soon ):
DRKompound presents a simple yet revolutionary interface for borrowers to collateralize fluctuating cryptocurrencies and for lenders to earn interests from stablecoins (USDT, USDC, DAI, etc.)
DRK Insurance ( Coming Soon ):
DRK Insurance allows users to buy membership and insure yourself from sudden losses of your digital assets.
DRK Governance ( Coming Soon ):
DRK Governance allows users to vote and influence key parameters of all DRK Dapps including DRKompound, DRK Insurance, and more.
DRK Tokenomics :
DRK Decentralized Exchange Token
Token name: Draken Dex Crosschain
Symbol: DRD
Total supply: 200,000,000 (two hundred million)
Contract: https://explorer.draken.tech/tokens/0x0091781D02dA4a883fA6a47A6d3C007CbFcF1107/token_transfers
DRD Token represents the DRK DEX at
https://www.draken.exchange/
DrakenX Token
Token name: DrakenX
Symbol: DRX
Total supply: 100,000,000,000 (a hundred billion)
Contract: https://explorer.draken.tech/tokens/0x0091781D02dA4a883fA6a47A6d3C007CbFcF1107/token_transfers
DRX Token represents the DrakenX Platform at
https://www.drakenx.io/play
Contact
Medium< : https://medium.com/@DRKDeFi |
Whitepaper : http://bit.ly/DRKpaper
Telegram : https://t.me/Drakentech
Twitter : https://twitter.com/DRKDeFi
Author: SHYAM RIYAS
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1467444
Proof Of Authentication Link: https://bitcointalk.org/index.php?topic=5277035.msg55233098#msg55233098
Telegram Username: @KillerPurPle
Facebook Prof: https://www.facebook.com/muhammedrinas.rinas/
Twitter Profile : https://twitter.com/crypto_tec