Dcoin

Dcoin Exchange provides its users with leveraged trading helping traders with a small amount of initial capital receive a greater market exposure. In simple terms that means they borrow the missing funds from their broker to bet more, but the profit or loss is based on the total value.

The platform provides mining for Filecoin, a blockchain-based protocol token, which runs on a novel algorithm called Proof-of-Spacetime where blocks are created by miners that store data.

Dcoin Exchange is also available as a mobile application with a full range of services giving its members the advantage to use the platform anytime, anywhere. Traders can download the Dcoin-Bitcoin Exchange App from the App Store (except for China), or from Google Play.

User Verification Benefits

Dcoin’s investors can choose between three verification levels that not only give different protection degrees but also increase the trading quota. On the first level, which requires only website registration, users can view real-time prices but cannot trade. The second level allows conducting currency transactions with 24 hours limit of 2 BTC after the identity authentication. Having passed the advanced authentication on the third level, users can carry on currency transactions with a daily coin limit of 100 BTC.

The withdrawal limit depends on two levels of verification. Unverified ordinary registered members can withdraw 20 BTC a day, whereas users that have passed KYC have a limit of 500 BTC per day.

Dcoin fees

Deposits are available in crypto only and come with no fees. At the time of writing, the platform operates 150+ tokens and withdrawal fees vary depending on a selected cryptocurrency. The trading fees are equal for makers and takers and make 0.2% of the order value.

Dcoin Membership Mechanism

The exchange has implemented the Membership Mechanism with 6 VIP levels based on Dots (local scores). It allows its members to earn Dots by trading, inviting new traders, and participating in different community activities. Having the necessary amount of Dots gives users the opportunity to upgrade their VIP level and get additional USDT Rewards. Members can collect from 40 to 4000 USDT depending on their level. The Dcoin platform also grants Dots for the following activities: daily check-in, trading certain pairs, and invitees’ upgrades. After achieving the highest level, Dots will keep accumulating with no reset. It is worth mentioning that self-trading is not rewarded.

Dcoin Token

Dcoin token DT is an ERC-20 utility token. It was issued by Singapore ESPBC Foundation for Dcoin Exchange and its eco-system. On June 20, 2019, Dcoin Exchange re-made the trend in the blockchain industry of the past few years by launching the platform token DT through Multi-Chain Resonance Mode, and it became the first one to issue a platform token for its eco-system.

The total volume of coins is limited to 1 billion DT all of which have already been issued. The coins were distributed in the following way: 12% was given to the development team, 50.25% went to the community, which consists of traders, opinion providers, and community builders, 23% is used for the ecology expansion, 9% supports the stabilization fund, and 5.75% is saved for community events. DT serves the following purposes: establishing a free trading platform, community building, open management, consensus governance, and revenue sharing.

Holding DT is the proof of membership on the Dcoin Exchange, which gives certain benefits. When holders melt DT into nodes (lock DT), they get corresponding levels of a node in possession. Then every day they share the reward pool of each level. In addition, they get the right to participate in governance and community management. Moreover, the DT holders who complete the node melting can get mining income, trading fee discounts, lottery tickets, pledge lending, and the right to vote for listings privilege.

Users can obtain DT by buying or earning it on the exchange. To get more DT users are suggested to participate in the referral program. By inviting new traders they can earn up to 35% rebates from their invitees’ trading fees.

Dcoin Team and Partners

Dcoin exchange is being developed by cryptocurrency enthusiasts from all over the world, but there is no available information on the web about any of the team members or the founders. According to the platform’s LinkedIn page, its core team consists of highly experienced specialists who earlier worked for Baidu, Google, OKEx, Netmarble, and other world-famous IT companies.

Dcoin Exchange has gained a lot of strategic partners so far and some of them are Crypto Valley (a Swiss association for building the world's leading blockchain), BitDATA (one-stop crypto assets aggregate trading platform), NEIRONIX (a global provider of financial and analytical information about cryptocurrency markets), NT BLOCK (a company that practices marketing both on cryptocurrency and blockchains), TOKENPOST (a professional media outlet providing news in the blockchain industry), Xangle (a data disclosure service for the global cryptocurrency market), Cashierest (a company that provides cryptocurrency trading, payment, and P2P services), and some rating platforms like CoinMarketCap or CoinGecko.