Doubler Sepolia V3 online

Published in

doubler.pro

7 min readDec 5, 2023

🎉🎉 We’re excited to announce that Doubler is launching Doubler Sepolia V3 on December 7th. Doubler Sepolia V1/V2 will remain operational, but DBR emissions have been stopped.

Key Points of V3 Version

The Doubler V3 testnet will re-list new test tokens, including BTC, ETH, LINK, SNX, OKB, BNB, and DOGE. All test users will re-receive test tokens, ensuring a fair starting point for all participants in the V3 test.
As Doubler V3 has revised the Boost rules and due to limited testing time, the DBR emission base efficiency will be increased in V3, from 17.4 DBR/block in V2 to 52.2 DBR/block. (i.e., 100,000 DBR/D adjusted to 300,000 DBR/D).
In Doubler V3, Doubler will introduce new Galxe events to enable new users to quickly increase their Glaxe points and gain Discord identity group roles. Special point-based events will also be launched in this phase.

Doubler V3 version introduces adjustments and additions such as a new Winner Generation Mechanism, Leverage Feature, Settlement Price Calculation Method, and a Brand New UI. This will be the last testnet version before the mainnet launch, and Doubler is set to complete the audit and launch on the mainnet in December.

Quick Recap

The development and growth of Doubler couldn’t have been possible without every member of the community. What milestones have we achieved together?

📊 Let’s take a quick look at some statistics 📊:

👉 Pools: 210K+

👉 Testers: 90K+

👉 Discord Members: 140K+

👉 Twitter Followers: 60K+

With such rapid growth in these numbers, Doubler is no longer a baby 👶. It is growing stronger every day, and every member of our team and community is working hard to build our future together.

📚 What Changes Does Doubler V3 Bring?

Improved Features

Adoption of a brand-new UI/UX design.

Doubler V3 will continuously improve and introduce mobile and simplified versions of UI/UX.

Change in the Winner Generation Mechanism.

Doubler V3 will introduce the “Train Algorithm,” which, while retaining the advantage of the last joining user, adds an element of randomness.

“OFF” State Allows for Asset Withdraw

The previous restriction on asset withdrawal in the “OFF” state has been modified. In Doubler V3, users will be able to withdraw their assets even in the “OFF” state.

Adjustment to the DBR Emission Rules

In the Doubler V3 version, all DBR emissions will be accumulated in the pool where the user is located. DBR distribution will be conducted at the end of the Pool’s profit period based on the layer the user is in. The higher the layer a user is in, the greater their share of DBR emissions. If assets are withdrawn from the Pool before it ends, the user will not be eligible to receive DBR.

Adjustment to the Boost Rules

Doubler V3 will no longer linearly increase DBR rewards based on layers. In this version, if the Pool you participate in receives a Boost incentive, you will earn 200% DBR rewards.

Adjustment to the TAX Rules

Doubler V3 changes “TAX” to “Eco Fee,” adjusting the rate to 20%. It will directly take 20% of the native currency from the Pool’s generated bonuses. (In the mainnet, Eco Fee will be rewarded to the community through VeDBR)

Adjustment of Hot Rules

In Doubler V3, the DBR earned from the Hot feature will be directly allocated to the corresponding POOL for distribution.

New Features

Introduction of Leverage Functionality.

This will significantly enhance the liquidity utilization efficiency of Doubler when implementing the Martingale strategy. The system will assess the risk based on the Pool selected by the user and calculate a certain level of leverage. (Note: Using leverage increases your potential profits and the likelihood of becoming the Winner, but it also increases your risks.)

Addition of the “Profit Share Ratio”Parameter.

Doubler V3 will add the “Profit Share Ratio” parameter when creating pools. The setting of this parameter will determine the proportion of the Pool’s profits used as bonuses. The addition of the “Profit Share Ratio” parameter allows Doubler to adapt to diverse market conditions and cater to a variety of interest demands.

Removed Features

Removal of the“Last Layer Reward” Parameter

Doubler V3 will temporarily remove the “Last Layer Reward” parameter. This is because its function partially overlaps with the newly added “Profit Share Ratio” parameter, but the “Profit Share Ratio” parameter is applicable in a wider range of scenarios and is more effective.

Note: For detailed descriptions of the newly added or modified features, Doubler V3 will update the information on Doubler Docs before going live. You are welcome to visit Doubler Docs to learn more about the updates.

Honorable Doubler

During the testing process of V1/V2, the community’s enthusiasm exceeded our expectations, and we are delighted that the “Doubler” identity system has garnered support from all users. Now, in this version, we are opening applications for “Honorable Doubler.” This identity group will ultimately be awarded to users who have made outstanding contributions to Doubler. Choose your area of expertise and apply now to become a member of “Honorable Doubler.”

Opening Date: September 18th
Open to: Everyone
Purpose: To select outstanding contributors and builders
Application Focus Areas: Content Creation, Graphic Design, Community Maintenance, Media Promotion, Business Development
Application Link: https://forms.gle/m5ZrQuU1K7mgnNpC6
Application Results: If you are not granted the status within 2 business days, it means your application has not been approved. You can refine or modify your materials and reapply.

🚨Note:

👉“Honorable Doubler” will have the opportunity to advance to the “Ambassador” identity group. Specific details will be announced in future official announcements.
👉Inclusion in the approved applicant list does not guarantee a final spot as “Honorable Doubler.” The contribution assessment will primarily follow a final voting and elimination system. If it is found that a contributor’s value is extremely low during the process, Doubler reserves the right to revoke their status.
👉“Honorable Doubler” is for significant contributors, and more benefits and rewards will be gradually introduced.🎁🎁🎁🎁

🚨Important Note

Existing V1/V2 users will automatically receive an airdrop of new test tokens before the launch of Doubler V3, without needing to take any action.
After the launch of Doubler V3, new users will be able to obtain new test tokens via the Discord #faucet.
Doubler V3 and versions V1 and V2 will use the same DBR token contract, so users do not need to perform any actions with their already received DBR tokens.
The Doubler V3 testnet will use upgradable smart contracts to ensure rapid updates before the audit, bringing the V3 version as close as possible to the official network.

📚What is Doubler?

Doubler is a Defi tool, which is a “Buff” public product for crypto assets. The product is inspired by the concept of “martingale”, a traditional martingale strategy that requires a large amount of money to support the continuous growth of the betting amount. Doubler solves this problem by crowdfunding and incentivizing a portion of the profits.

This is a major milestone before our official launch and we invite you to join us on our beta test journey.

Learn more at Doubler Docs

ITO

ITO, or “Initial Testing Offering”, is a unique token or asset issuance method for the Doubler program. Unlike traditional ICO or IEO, ITO are focused on evaluating the practical application and performance of a new product, service or technology in a real market environment.

In the Doubler program, ITO allows early adopters, beta testers or participants to acquire these tokens or assets and use them in specific scenarios or conditions for testing and feedback.

Learn more at ITO (Initial Testing Offering)

🎁Rewards

- 10 Million DBRs (10% of total mainnet supply)

Doubler recognizes the value of community engagement and actively seeks to strengthen this bond through the ITO. Therefore 10% of the total DBR mainnet token supply is set as a community incentive for up to 1:1 redemption of official net DBR tokens, which will also be the only amount of Doubler’s tokens in circulation after the official launch.

Role

“Loyal Doubler” ID group: average of 5% DBR of the actual production of the Sepolia Testnet.
“Honorable Doubler” ID group: average of 10% DBR of the actual production of the Sepolia Testnet.
“Ambassador” ID group: average of 10% DBR of the actual production of the Sepolia Testnet.
Galxe: 20% of the actual production of the Sepolia Testnet for addresses with above average points.
All community test users: 55% of the actual production of the Sepolia Testnet.

⚠️ Note: “All Community Test Users” includes “Loyal Doubler”, “Honorable Doubler”, “Ambassador”, and Galxe Users, even if they are not appealing to the 4 roles, they can still earn Sepolia Testnet DBR rewards for their test interactions.

Rules

The total output of all tokens of the Sepolia Testnet must not exceed 10% of the number of tokens issued by the DBR Official Network in order for a 1:1 exchange to take place. If it exceeds, it corresponds to an equal percentage reduction.
Any DBR output through non-project mechanism itself, including but not limited to transferring and swiping numbers, the project will have the right to disqualify its airdrop.
Order of weight allocation: “Loyal Doubler”, “Honorable Doubler”, “Ambassador” identity group > Galxe >All community test users
For more details on Sepolia Testnet DBR redemption rules, please follow the official announcement.

📖Notes

Doubler does not need to create false user data in order to be recognized by the capital market, so we will have 0 tolerance for any user who participates in the ITO through abnormal user logic.Doubler reserves the right to disqualify the offending user’s token redemption status and all other rights and benefits gained through participation in the test and the ITO activities.
Irregular user criteria include, but are not limited to, the following behaviors: by creating wallet addresses in bulk and pooling test tokens, NFTs, DBRs in order to get more rewards, and other unfair behaviors that affect the process and results of the Testnet in Sepolia.
The parameters of the Testnet DBR reward mechanism do not represent the actual parameters of the official network when it goes live. We need to determine the parameters of the official Testnet from the activity data of the Sepolia Testnet and ITO.

Website: https://testnet.doubler.pro/

Gitbook: https://doubler.gitbook.io/doubler/

Discord: https://discord.com/invite/doubler

Twitter: https://twitter.com/doubler_pro

Medium: https://medium.com/doubler-pro