What is DBC coin? DBC coin issue price, total amount and white paper introduction

DBC Coin, initiated by the Dubai government's Dubai Blockchain Center (DBC), is poised to drive blockchain adoption and digital payment convenience in the MENA region.

Oct 01, 2024 at 04:05 am

What is DBC Coin?

DBC coin (DBC) is a cryptocurrency created by the Dubai Blockchain Center (DBC), an initiative of the Dubai government. It is designed to facilitate the adoption of blockchain technology and digital currencies in the Middle East and North Africa (MENA) region.

DBC Coin Issuance Price and Total Amount

• Issuance Price: $0.50 USD
• Total Supply: 2 billion DBC

DBC Coin White Paper Introduction

The DBC Coin white paper outlines the following key information:

1. Project Objectives:

• To foster blockchain innovation in the MENA region
• To provide a secure and convenient digital payment system
• To support the development of a global blockchain ecosystem

2. Technology and Platform:

• DBC Coin is based on the Ethereum blockchain
• It utilizes a Proof-of-Authority (PoA) consensus mechanism
• The platform incorporates advanced security measures and smart contract functionality

3. Tokenomics:

• Total token supply: 2 billion DBC

• Token allocation:

  • 50%: Public sale
  • 30%: Blockchain infrastructure and development
  • 10%: DBC ecosystem development
  • 10%: DBC team

4. Use Cases:

• Digital payments and remittances
• Cross-border trade and supply chain management
• Government services and citizen engagement
• Healthcare and education applications

5. Partnerships and Ecosystem:

• DBC has partnered with leading blockchain companies and government entities
• The DBC ecosystem includes a dedicated platform for developers and entrepreneurs

Conclusion:

DBC Coin plays a vital role in the Dubai government's efforts to advance blockchain adoption. With its strategic focus, strong partnerships, and robust technology, DBC Coin aims to become a key player in the MENA region's digital economy and beyond.