Special Column: Incentive for Long-term Holding — DK & DK Super Lotto
Hi there! Welcome back to our Special Column section.
Have you read the previous articles in the here?
Hey please don’t miss it~
Kindly check it out below:
Week 1
Special Column: An Introduction to Dragon Token (DT), Trading-mining and DT Dividends
Week 2
Special Column: Additional Bonus — Bit-Dragon and Agent Mechanism
Introduction
For the purpose to encourage users holding DT for a long term, DragonEx issued Dragon Key (DK) which was based on the EOS Smart Contract. And this is what we will talk about today.
Let’s start with a short video to have a brief understanding on it:
What is DK?
DK, short for Dragon Key, is a credit token issued on EOS Smart Contract, which stands for the chances to bet in DK Super Lotto. The benefits of DK includes DK Super Lotto, gift exchange, etc.
Another relevant concept is DT Faith Value, which plays an important role in the distribution of DK.
The counting method of DT Faith Value was voted and decided by DragonEx community members. For the details of this poll, please kindly check out here:
DK Issuing Rules
1. User’s DT Faith Value of the day is based on the minimum of the snapshot data of DT he holds in the past 30 days. (Snapshot Time: 23:59:59, Singapore Time, UTC+8 )
2. Users whose DT Faith Value is ≥500 will be able to share 166 DK according to their proportion accounting for total DT Faith Value (≥500) every day.
3. Users whose DT Faith Value is≥3,000 will be able to share 44 DK daily according to their proportion accounting for total DT Faith Values (≥3,000) every day.
4. Users whose DT Faith Value is≥10,000 will be able to share 22 DK daily according to their proportion of total DT Faith Values (≥10,000) every day.
5. DragonEx gets 16 DK for project operation and promotion every day (locked DT held by DragonEx, DT in the risk guarantee fund and DT in the DK prize pool are not involved in the competition of DT Faith Value), and the breakdown will be published.
Confused to count how many DK will you get?
Here is an example:
Let’s assume that the minimum of DT held by user A in the past 30 days is 20,000, according to the snapshot data. That is to say, his DT Faith Value is 20,000.
If the amounts of DT Faith Values that are ≥500, ≥3,000 and ≥10,000 are correspondingly equal to 1000,000, 800,000 and 600,000, the volume of DK user A will get is as follows:
20000/1000000 * 166+20000/800000 * 44+20000/600000 * 22
DK started to be distributed from September 6, 2018. And the rewards of the day will be distributed to users’ account the next day. Please check in the Bill of your Asset.
What is DK Super Lotto?
DK Super Lotto launched on DragonEx at 20:00 September 18, 2018, UTC+8.
You can find DK Super Lotto HERE:
Rules as follows:
1. Period:
Start from 16:00:00 every Monday and finished at 15:59:59 every second Monday (Singapore time).
2. Betting:
Users can bet in each period multiple times. To distinguish users’ betting, there will be an extra 0.00000001 * ID DK required in each bet, namely 1 + 0.00000001 * ID DK per bet.
3. Betting Number:
A Hash will be generated on the EOS network once you bet in the DK Super Lotto successfully. Removed all the characters in the Hash that are different from 1~9, a betting number comes out.
4. Prize allocation:
General Prizes
In each period, the user who has the largest betting number will hit the jackpot, gaining 60% of the prize amount; the user who has the second largest betting number will gain 20% of the prize amount; the user who has the third largest betting number will gain 10% of the prize amount.
Lucky Seven
The other 10% of the prize amount will be equally divided to those users whose betting numbers end up with number 7.
DK Super Lotto draws at 17:00 every Monday (UTC+8).
Prizes come from the dividends gained by DK prize pool in last week ( converted to USDT ).
That’s all of this lesson. Have you understood what DK and DK Super Lotto are? Let’s try it on DragonEx! Win big with DK Super Lotto~
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