At this point in time, one can accurately predict that blockchain technology is here to stay. In fact, it’s also safe to say that the market is only just getting started, as massive disruption of the digital ecosystem is bound to occur in the years to come. Reports clearly indicate that blockchain technology is expected to create $176 billion in enterprise value by the year or 2025, with this number surpassing the $3 trillion mark in early 2030.

The recent growth of the blockchain market has sparked some debate concerning its ease of use, as optimal chain development and usage are still proving rather tricky. Solutions exist, which is why Prasaga is working hard towards the creation of the DataGrid Blockchain through its DGBLabs subsidiary.

As part of this article, readers will learn more about blockchain’s current issues, the value proposition of DataGrid Blockchain, the ongoing token sale, and the upcoming liquidity bootstrap pool on Balancer, providing significant advantages to token holders.

Crypto philosophy points towards the creation of digital ecosystems that are trustless, friction-free, and inclusive to users worldwide. However, many of blockchain’s promises are destined for failure if the technological side of things is not dealt with.

Blockchain protocols are difficult to get accustomed to. This is mostly due to the serious learning curve that both users and developers must go through. In response, this leads to high entry barriers that overcomplicate the promise of inclusive digital ecosystems. Furthermore, many of today’s blockchains lack an optimal degree of scalability, leading to slow transaction throughputs that cannot accommodate enterprise-grade goals. Safety is also a concern, as millions of dollars in cryptocurrencies have been lost due to exploits and improper understanding of how blockchains work.

The DataGrid Blockchain (DGB) attempts to solve many of the pressing technological concerns. With this in mind, the project development team has created a working prototype that is easy to operate, ensures resistance against attacks, provides lucrative incentivisation mechanisms for contributors, and offers high-throughput transaction capabilities.

Unlike some of the market’s other chains, DGB actually delivers on the promise of creating a simple,  inclusive, safe, and decentralized blockchain. To achieve this goal, the DGB team has reimagined smart contract programming, storage, and certification. High performance is easily attained through the addition of new resources on-demand, assuring lightning-quick transactions speeds. Inclusive access stands at the core of DGB, so users retain open and decentralized access rights, as well as control over one’s data privacy and individual autonomy.

One of the key selling points of the DataGrid Blockchain consists in its support for the eXtensible Blockchain Object Model (XBOM) operating system. XBOM was created to simplify blockchain development and scaling in an effort to make DGB suitable for most types of applications. To put this into perspective, XBOM can be referred to as a ‘Decentralized GlobalOS’, a system that runs directly on top of the DataGrid Blockchain.

Prasaga has invested over three years of work into creating the DataGrid Blockchain. After meeting its deadlines and patenting all innovations, the team has now announced the commencement of its private token sale. As a utility token, DGT will power the network and serve multiple use cases within the DGB ecosystem.

The private sale began on the 22nd of January, and has been extended until the 13th of February. After the current token sale is finalized, DGBLabs will kick off a Liquidity Bootstrap Pool (LBP) for the DGT token on Balancer.

Briefly, LPB implementations are designed to apply downward price pressure within the token’s liquidity pools to increase the price from the get-go. In other words, DGT’s price will start off relatively high, and proceed to decrease with time thanks to automatic pool weight adjustments. For token buyers, this means that early participants will pay a higher price per token, when compared to those who choose to purchase the token later. This leads to several positive effects for the token. For instance, the LPB implementation is able to deter whales and bots from purchasing DGT tokens before the rest of the community has had a chance.

This creates equal chances for anyone to purchase the tokens at an acceptable price, prior to having the value influenced by the huge purchase pressure generally created by bots and whales. The well-known fear of missing out (FOMO) is also removed, as buyers can now opt to wait for the price to drop towards an acceptable level prior to making a purchase commitment.

Over the long run, the token’s price will grow organically, based on the laws of supply and demand. As such, the LPB implementation is only designed to serve the Balancer listing, with no influence over the P2P open market later on.

Historical analysis has shown that projects opting for liquidity bootstrap pool implementations are generally able to raise considerable amounts of capital, without dealing with dumps and thereby keeping the token’s price on an upwards trajectory.

For example, Perpetual Protocol, a decentralized perpetual contracts trading system, opted to rely on an LPB mechanism as part of its token sale, raising $7.5 million. APY.Finance, a protocol designed to facilitate yield farming, has leveraged Balancer’s LBP mechanism to raise over $4.4 million, while later managing to lock up to $67 million worth of digital assets within its smart contracts in a single hour of service.

Based on these aspects, it becomes apparent that liquidity bootstrapping pools can prove highly advantageous for token sales, through fair distribution for actual project supporters, better price discovery, and bot deterrence.

DGBLabs has revealed the tokenomics applicable for the ongoing token presale. Interested investors are currently able to purchase an ERC-20 version of the DataGrid Token which will later be exchanged on a 1:1 basis for tokens that are directly compatible with the DataGrid Blockchain. DGT entails a $6 million softcap and a $25M hardcap which are likely to be secured given the project’s value proposition. Following the end of the community token presale, the LBP will be released to allow proper price discovery for at least 96 hours. Once this process is finalized, DGT will be launched on a series of DeFi pools, where anyone can purchase the tokens at market price.

To join the community presale, potential buyers must follow three simple steps. Whitelisting is necessary, so a KYC/AML procedure will be conducted through Blockpass. Candidates should keep a close watch on their email address, as approved buyers will have to fill out a survey. The final step entails the purchase of DGT tokens at a favourable price that also brings bonuses variable depending on user contribution.

To sign up for the DGT Token Presale today, visit https://www.dgblabs.io/

Similar to Notcoin - Blum - Airdrops In 2024

origin »

222 +