iCoinbay, the token-based ecosystem presents the Dollar Token 1 (DT1) plan to provide additional benefits to the users

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iCoinbay is an innovative digital asset exchange based on a token economy that aims to bring transparency by minimizing centralization as much as possible. It uses a series of measures to guarantee the stability of tokens and ensure the long-term health, stability, and transparency of the platform’s service. It has announced the launch of the Dollar Token 1 (DT1) plan which will work alongside the Trading Premium Gain plan, launched earlier.

What is Trading Premium Gain?

Under the TPG (Trading Premium Gain) program, an equal amount of the TPG tokens to the transaction fees are issued which serve as a manifestation of value and proof of profit. The TPG token holders will also receive a portion of the exchange’s income. iCoinbay is also put forward the Trading Premium Insurance (TPI), with customized insurance policies for corresponding TPG. When the policy expires, no matter what the price of TPG is on the secondary market, community members can exchange their TPG for a stablecoin (e.g. USDT) based on market price at the time of TPG issuance.

What is Dollar Token 1(DT1)?

After successfully implementing the Trading Premium Gain plan and to provide additional benefits to its users, iCoinbay has now launched the Dollar Token 1(DT1) plan. This plan is launched as a part of the promotion activity, through which the users who hold DT1 can get an additional 10% transaction fee return (like USDT). Apart from the transaction fees returned with the corresponding and value-preserving TPG, iCoinbay will also return the transaction fees like USDT to the DT1 holders at a rate of 10:1.

iCoinbay will produce only 60 Million DT1 and it is pegged to US dollar at 1:1 which means it’ll only be in deflation and not inflation, making it worth investing or retaining. It can be burned but more tokens will never be issued. The users can take advantage of the Referral Rewards by inviting their friends to register and deposit coins.

Here’s how it works:

  • Party A (inviter) invites Party B (invitee). A’s account can receive DT1 referral rewards equal in value to 0.5% of B’s transaction fees. This DT1 can be exchanged 1:1 with USDT:
    • A can also earn referral rewards by trading normally, receiving DT1 equal to 10% of their transaction fees. This DT1 can be exchanged 1:1 with USDT.
    • When accumulated DT1 reaches an integer (1), it will automatically be exchanged for USDT and will be burned upon exchange.

One of the iCoinbay users mentions in their testimonial, “I have been using iCoinbay exchange for quite some time now and it provides a smooth trading experience. Through the recently launched referral program, I invited my friends to register and make transaction upon there, then I got 10 DT1 as a bonus. Also, I can get DT1 by making transactions on the iCoinbay platform. It’s great!”.

DT1 is the first of its kind exchange token that is meant to provide discounts and benefits to the holders. It provides an exciting opportunity for the users to earn benefits by referring others to register and depositing coins. DT1 will open the secondary market channel soon which means the user can get DT1 in three ways; by inviting friends, by purchasing, and by the secondary market.

More information about the same can be found here. 

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