DraftCoin price is $0.00601791
As of the most recent update, the price of a single DraftCoin (DFT) is $ 0.00601791. Just like any other cryptocurrency, this value is subject to volatility and can change frequently with economic conditions and market sentiment.
DraftCoin (DFT) is a cryptocurrency that powers the BTC Draft platform. This platform brings gaming and gambling to the blockchain, providing a distributed platform for various types of competitive games, including fantasy sports leagues, online casino games and eSports. DraftCoin is used as the currency within the BTC Draft network, fostering a broad and dynamic ecosystem.
DraftCoin is the digital currency developed for use on the BTC Draft platform. While the team behind the establishment of DraftCoin is not explicitly mentioned, it's apparent that a group of blockchain enthusiasts and gaming advocates collaborated to bring this project to life.
DraftCoin functions as the native token for the BTC Draft platform. Users can use DFT to participate in various types of games and competitions available on the network. The primary goal of the cryptocurrency is to provide a way for gamers to engage in responsible, fair, and verifiable competitions while enabling players to reap potential rewards for their gaming excellence.
What sets DraftCoin apart is its deep integration with the BTC Draft gaming platform. It's not simply used as a method of exchange; it's also fundamental to participation in the platform's games and the rewarding of prizes. DFT's use-case in a gaming context distinguishes it from many cryptocurrencies that function primarily as speculative vehicles or methods of transaction.
Moreover, DraftCoin claims to focus on delivering a fair and transparent gaming experience. In fact, blockchain technology allows for a level of transparency and fair play not seen in traditional online gaming platforms. The results of games and transactions can be verified on the publicly accessible blockchain, adding another layer of trust for the users.
Just like many other cryptocurrencies, DraftCoin's security comes from the structure of blockchain technology. Each transaction that takes place on the network is recorded on the network’s blockchain, creating a transparent and immutable record of all past transactions. Moreover, sensitive information is secured through cryptographic techniques.
The circulating supply of DraftCoin stands at 8.7M. It's always important to be aware of a cryptocurrency's circulating supply because it can have a potential influence on its price. In most cases, an increase in the supply of a cryptocurrency can put downward pressure on its price, while a decrease can do the opposite.
Currently, DraftCoin can be purchased on several cryptocurrency exchanges, with YoBit being among the most popular. These platforms allow you to exchange other cryptocurrencies like Bitcoin or Ethereum for DFT. Please remember, always to follow safe practices when trading cryptocurrencies online.
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