Answer: This question is for readers to sort out the logical chain of issuing DW20. There are other independent answers to the links in the chain. The ultimate goal is Bitcoin standard → Since Bitcoin has problems in payment, it cannot yet form a Bitcoin standard (it is only a stored value currency) → Introduce […]
2. Airdrop and issuance
Answer: You can purchase it in the market. Market purchase is divided into on-chain purchases and off-chain internal purchases. The off-chain internal supports exchange transactions. On-chain purchases refer to purchases on exchanges with off-chain foreign currencies.
Answer: Bitcoin has a total of 33 growth cycles, totaling 132 years. It is the condition given by Satoshi Nakamoto. DW20 is not issued by time like Bitcoin but by the number of Bitcoin addresses. It is a “registration mean mining” with limited conditions. Referring to Bitcoin and chainless systems, 30 issuance cycles are still
Answer: 80% of DW20 is issued by airdrop. With 168 billion, we expect that 50 million Bitcoin addresses will receive airdrops. The growth of DW20 tokens is divided into three stages. Only the first stage has vulnerability problems. Therefore, it is necessary to refer to the successful experience of primary market pricing, issue 10% as
Answer: The market address allocates 4.58% of DW20 tokens (i.e., 9.618 billion), mainly used for event promotion expenses, of which about 3% are reward fees for currency holders of various activities. It includes activities encouraging Bitcoin users to participate and promoting ecological growth.
Answer: In the first stage, the meme currency stage, the total circulation of DW20 is 210 billion, and there will never be additional issuance. The second stage is the Stablecoin stage; DW20 can be issued by mortgaging Bitcoin, with no limit. The final amount depends on Bitcoin’s market capitalization.
Answer: The specific allocation of DW20 is as follows:
Answer: DW20 is distributed similarly to Bitcoin, so it needs to go through gradual consensus growth like Bitcoin. DW20 will also achieve market pricing through the Bitcoin mortgage redemption mechanism in this process. Moreover, when all DW20 is issued, it will have complete correspondence with Bitcoin, thus having all the characteristics of Bitcoin and solving
Answer: Shrinking issuance is a significant feature of Bitcoin. According to Satoshi Nakamoto, Bitcoin’s implementation of total supply control and periodic shrinkage are necessary innovative measures. This idea has been proven to be very correct and successful in practice. DW20 is the future stablecoin and transaction currency of the chainless platform. The chainless currency CLY
Answer: In the stablecoin stage, the size of the fund pool not only includes the US$210 billion in funds already formed from the 210 billion DW20 coins airdropped at the beginning but also includes the DW20 coins issued as a result of mortgage Bitcoin. On the one hand, the market value of Bitcoin determines the