DRK AND DRD SWAP
DRD Token is a DRC-99 standard cryptocurrency representing Draken.exchange, one of the strategic products which are dedicatedly developed in the DRK Dapps Universe. As mentioned in the previous post, we will organize special distribution programs for the tokens developed by Draken to ensure their value and operating purpose. In this post, we would like to inform the community about one of the special programs organized for DRD token — “DRK and DRD Swap”.
DRD Token Information
- Token name: Draken Dex Crosschain
- Symbol: DRD
- Contract: explorer.draken.tech/tokens/0x366a242997c062f027e529514226c157e1e7f2d7
- Total supply: 200,000,000 (two hundred million)
Note: Please ensure that you have correctly entered the information of DRD Token into your personal wallet before participating in the program.
Content of “DRK and DRD Swap” Program
The total amount of reserved DRD Token for the program is 20 million DRD, divided into 20 cycles, with each phase’s token being distributed through a special written Smart contract for the program. During each cycle, which lasts for 48 hours, participants are allowed to freely contribute any amount of DRK Coin from their personal wallet to the specified contract wallet. At the end of a cycle, 1 million DRD will be distributed proportionally to the total DRK contributions for that cycle. Specifically, your received DRD amount in a cycle equals to: Your contributed DRK in that cycle / Total DRK contributed * 1,000,000
The program will officially start at 14:00 UTC September 4, 2020
Participation methods
Method 1:
Log in to your personal account at https://draken.exchange/wallet, select “Join DRD” button. The system will automatically link to Metamask and contribute all of your DRK balance in that wallet. At the end of the cycle, DRD Token will be transferred to the linked Metamask wallet.
Method 2:
Directly send DRK Coin from your individual wallet to the contract wallet address: 0x8c0b99a7333612abf72b0e1c5d15b774c1b7a5c1
(https://explorer.draken.tech/address/0x8c0b99a7333612abf72b0e1c5d15b774c1b7a5c1)
At the end of the cycle, DRD Token will be transferred to the corresponding individual wallet.
Note:
- Due to the anonymity mechanism of a separate contract, please DO NOT send DRK Coin from DRK DEX. We will not be responsible for loss problems caused in these cases. We highly encourage everyone to only use Metamask to join the program.
- Minimum amount of DRK join: 1000 DRK
- Required “Gas limit”: 210000
More information
During the program, participants can track the number of contributed DRK via the contract address: https://explorer.draken.tech/address/0x8c0b99a7333612abf72b0e1c5d15b774c1b7a5c1
Additionally, the DRD/DRK trading pair is available at Draken.exchange to ensure ongoing exchange among participants throughout the distribution period. Users can now deposit/withdraw DRD and make transactions after the end of the first cycle of the program.
“DRK and DRD Swap” is one of the movements of gratitude to those who have always loved and accompanied DRK during the past time. DRK DEX has been constantly developed and has proven its potential through achievements and growth in technology, users and transaction volume during the past time, which further confirms its position in the Blockchain market with fierce competition on technology and innovation. Therefore, through the transparency and special mechanism of the program “DRK and DRD Swap”, we would like to give the DRK community an opportunity to own and proactively acknowledge the value of DRD Token. At the same time, the amount of DRK Coin accumulated from the program will be put into Staking DRK Chain and permanently locked to ensure the distinctiveness, scarcity and to consolidate the operability of DRK Chain.
If you have any questions or errors, please email contact@draken.tech or contact@draken.group.
