Dragon Token (DT) is an Ethereum-based ERC-20 utility token issued by the DragonEx platform. It incorporates a unique dividend distribution mechanism where holders receive a share of the platform’s daily trading commission revenue. Launched on November 2, 2017, DT introduced an innovative "transaction mining" model that rewards users for trading on the exchange.
What is Dragon Token (DT)?
Dragon Token (DT) functions as both a utility and dividend asset within the DragonEx ecosystem. Each token held on the platform entitles the owner to a proportional share of the exchange’s daily income. This income is generated primarily from trading fees and is distributed among DT holders.
DragonEx, the Singapore-based cryptocurrency exchange behind DT, was founded on November 2, 2017. It was among the first platforms to introduce a transaction-based mining model, which later gained popularity across various trading platforms.
Tokenomics and Distribution
DT has a fixed total supply of 37,339,500 tokens. The team has committed to no further issuance or inflationary mechanisms.
Mining Mechanism:
DT tokens are not available through ICOs or pre-mining. The only way to acquire DT is through transaction mining—users receive token rewards based on their trading activity. This approach incentivizes platform engagement and contributes to ecosystem growth.
Release Schedule:
The token release occurs through a smart contract that distributes new tokens over 3650 intervals, each 24 hours apart. Each set of 365 intervals constitutes one cycle. The first cycle released 51,200 DT per interval. Each subsequent cycle reduces the emission rate by 50%.
Allocation Rules:
When new DT is minted, it is distributed as follows:
- 30% to the miner (user who traded)
- 20% to the referring market broker
- 10% to the DragonEx team (locked for one year for marketing purposes)
- 40% permanently frozen for platform development, talent acquisition, operations, and token buyback and burn
All times follow Singapore Standard Time (UTC+8).
Dividend Model:
- 100% of the platform’s daily revenue is distributed to DT holders.
- A daily snapshot of DT balances is taken at 23:59:59 Singapore Time.
- Dividends are distributed the following day in USDT.
The dividend formula is:
Platform Revenue = Trading Fees + Other Income
User Dividend = Revenue × (Individual DT Holdings / (Total Issued DT – Burned DT))Project Background and Vision
DragonEx was developed by a team with extensive experience in blockchain technology and digital asset management. The platform emphasizes security, user experience, and innovative tokenomics.
The exchange aims to offer more than just trading—it positions itself as a comprehensive financial service platform incorporating asset management and blockchain application services.
DT’s value proposition lies in its dividend model, which aligns the success of the platform with the rewards for its community of holders. This creates a circular economy where trading activity benefits both the platform and its users.
Frequently Asked Questions
What is Dragon Token (DT)?
Dragon Token (DT) is an ERC-20 token issued by the DragonEx exchange. It allows holders to receive a share of the platform’s daily trading revenue through a dividend distribution system.
How can I earn DT tokens?
You can earn DT by trading on the DragonEx platform. The token is distributed through a transaction mining mechanism which rewards users based on their trading volume and activity.
What is the total supply of DT?
The total supply is capped at 37,339,500 DT tokens. There will be no additional minting or inflation.
How are dividends distributed?
Dividends are paid daily in USDT based on the number of DT tokens you hold. The platform takes a snapshot of balances each day and distributes earnings accordingly.
Is DragonEx a secure platform?
DragonEx employs robust security mechanisms including cold storage, encryption protocols, and real-time monitoring to protect user funds and data.
Where can I learn more about DT?
For more detailed technical or economic information, you can explore the official project resources for whitepapers and community channels.
Final Thoughts
Dragon Token represents an early innovation in the integration of exchange utility tokens with dividend mechanics. Its fixed supply and revenue-sharing model offer a clear value proposition for regular traders and long-term holders alike.
While the project helped pioneer the transaction mining trend, users should always perform their own due diligence when participating in cryptocurrency platforms or investing in digital assets.
For those interested in utility tokens with earning potential, DT offers a classic example of how tokenomics can enhance user experience. Always refer to official sources for the most accurate and up-to-date information.