Dragon Token price is $3.67
The current price of Dragon Token (DT) is $ 3.67. Over the past 24 hours, it has increased by +3.17%.
Dragon Token (DT) is a digital currency that's used on the DragonEx cryptocurrency exchange as its native utility token. DT is used to pay for transaction fees, participate in community activities, and access other premium features on the platform. It's also used in the DragonEx ecosystem for profit-sharing among stakeholders, who can share in the platform's daily transaction fees.
The team behind DragonEx, which is based in Singapore, created Dragon Token. DragonEx is a digital assets trading platform that launched in November 2017. The team behind the Dragon Token has implemented it to enhance the functionalities of the DragonEx trading platform. They strive to make DragonEx the leading platform for asset trading and management by continuously improving its services and rewarding its community members.
Dragon Token works as the native utility token on the DragonEx platform. Users of the platform can pay transaction fees using DT, which offers them a cost-effective way to trade digital assets. The amount of DT held by a user can also influence their trading limits, offering higher limits to users who hold more DT in their accounts.
Dragon Token is also a profit-sharing token. Every 24 hours, DragonEx calculates the total amount of transaction fees it has earned and distributes a percentage of this (in the form of different cryptocurrencies traded on the platform) to DT token holders. The higher the number of DT tokens a user holds, the larger their share of the daily dividend.
Dragon Token's major distinguishing point lies in its profit-sharing mechanism. Instead of merely serving as a medium for transaction fee discounts, DT allows its token holders to share in DragonEx's profits. These profits are generated from trading fees on the platform, and distributed daily, creating a unique incentive for users to hold and use DT tokens.
Furthermore, the Dragon Token also underscores the DragonEx platform's emphasis on community involvement. Token holders get a say in key community decisions and developmental strides in the DragonEx ecosystem through a democratic voting process.
Currently, there are approximately DT in circulation. The total supply of Dragon Tokens is 21.4M.
Dragon Token (DT) can primarily be purchased on the DragonEx platform, although it may be available on other cryptocurrency exchanges. The current list of exchanges where Dragon Token is listed includes HitBTC. Always ensure you are using a reputable exchange when buying or trading any cryptocurrency to maintain the safety of your assets.
As with all digital assets, keeping your Dragon Tokens safe is crucial. It’s recommended to store your DT in a secure wallet rather than leaving it on the exchange. Consider using hardware wallets which are the most secure, as they store your tokens offline and out of the reach of hackers. Additionally, ensure to keep your private keys and passwords secure and never share them with anyone.
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