Popular Q&A
What is the mission of deb0x?
Offer an end-to-end encrypted communication protocol for web3.
What problem does deb0x solve?
In a world that has become increasingly connected, it's vital to have the tools and technologies to maintain open lines of communication, no matter what challenges we may face.
What makes DBX unique?
DBX cryptocurrency is Free as it does not require participants to deposit any funds to start minting their DBX crypto.
DBX starts with zero supply and will only be minted by the participating community.
DBX have a maximum supply = 5,010,000 tokens distributed
DBX is a digital asset which has no backing through investors or starts with any intrinsic value.
DBX is immutable, and can not be changed or stopped by anyone. With its open source code it is truly trustless through consensus and belongs to the people.
DBX does not have a controlling or management team, it is simply a segment of an immutable code secured by the Blockchain.
DBX creation has full rights of ownership through self custody. Deb0x smart contract uses a fair system of new token distribution. All participants are subject to the same immutable rules secured by Blockchain.
Can interested parties buy or sell DBX crypto?
Anyone can buy DBX tokens by using any number of popular distributed exchanges (DEXes), such as Uniswap or Sushiswap. Selling or trading DBX tokens will be possible on the same exchanges.
What can I do with DBX token?
The main purpose of the DBX token is for the protocol user to be rewarded based on future messages sent through the protocol. This offers a passive income in the native token of the blockchain where it is deployed from the first message sent by the user.
Anything you can do with ERC20 token, you can do with DBX.
Why will DBX appreciate in value?
The calculation is simple. With a limited supply of 5,010,000 DBX tokens and a reward halving every year, plus the adoption of the deb0x communication protocol, DBX can appreciate significantly due to the ability to offer passive income for users.
Adopting and expanding the deb0x protocol as an open source project will have numerous benefits for both the community and DBX holders. Directly engaging the community of developers enables the project to have other interfaces being built on top of the protocol, increasing its functionality and versatility. This is aimed to increase the number of adopters which will directly benefit all DBX holders.
Furthermore, open source projects tend to have a strong sense of community and collaboration, which can lead to more innovative solutions and faster development. The deb0x protocol has the potential to become a cornerstone of the blockchain industry and truly achieve widespread adoption.
What is the formula to generate rewards for the participants?
Each cycle will have its own pool of accrued native token fees that accumulate while messages are sent.
Per cycle, these are distributed based on how many locked DBX tokens a user has inside the protocol (locked - unclaimed DBX + staked DBX) added to the number of DBX tokens that were gained from sending messages in the corresponding cycle.
For example, if only user A sends a message in the first cycle, it will receive all the native token rewards. However, if then only user B sends a message in the second cycle, granted user A does not claim its rewards, the native token fees distribution for cycle 2 is calculated as follows: user A has 10000 DBX tokens locked during cycle 2; user B gained all of the 9980 DBX rewards from cycle 2 -> user A receives 10000/19980 in fees and user B gains 9980/19980 fees. The amount “19980” is the total DBX unlocked up to cycle 2 (in our case 10000) + the DBX amount that will unlock after cycle 2 (in our case 9980).
What is the formula for protocol fee?
If you send ~10% of estimated transaction fee as protocol fee the transaction will pass.
deb0x protocol is coded to send back the unspent value as the last step of transaction.
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