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DABANKING

Intro

The Blockchain technology makes Decentralized Application more flexible, transparent, distributed, resilient and has a better-incentivized structure than current software models.

DABANKING Project was born with a noble mission to become the pioneering Utility Blockchain platform in creating an environment to build Dapps with decentralized entertainment services with transparency, fairness and optimal user experience.

Advantages

Games developed by DABANKING with Blockchain Technology can bring valuable features such as:

- Track and authenticate the ownership of digital asset types.

- Reduce costs for third parties.

- Secure payment system based on blockchain.

- Integrate blockchain into your game increases competitiveness against the traditional games.

- Easily exchange digital assets with high liquidity.

Conditions to join DABANKING

To use the DABANKING platform, you need to have:

- Metamask Wallet installs on your computer or TrustWallet on your phone;

- Having Ethereum (ETH) available in Metamask or Trust wallet;

- Visit the Dabanking.io website to start experiencing our great services.

FomoJackpot and FomoGame

- Overview

One of the first Dapp products of DABANKING is the FomoJackpot lottery program base on blockchain technology together with the Dapp Game collectively called FomoGame, which helps participants not only entertain after a tiring day but also at the same time increase their income in an easy way.

FomoGame is an independent DApp system within the ecosystem of DABANKING built on the Blockchain of Ethereum. It promotes absolute fairness and transparency for users, thereby helping users to have a great experience throughout the applications in DABANKING ecosystem.

FomoJackpot provides players a chance to win with a very small amount of 0.002 ETH for a ticket.

Joining FomoJackpot means you have the opportunity to win rewards up to thousands of ETH at extremely low cost.

DAB token mining system and FomoGame system are 2 independent systems so users need to register an account for each system to be able to use both platforms.

Please register through 2 referral links to help you experience both platforms in the most effective way.

- Time for each round

There will be two countdown clocks, Green Watch and Gold Watch:

- The green watch will be set countdown for 48 hours. When the clock runs below 24 hours, each new ticket will add up to 30 seconds plus but no more than 24 hours.

- The gold watch will be set countdown for 48 hours. The gold watch only starts to countdown when the current ETH prize is higher than the previous round.

The first round will be called Zero Round. At the Zero Round when the prize pool has a total of at least 300 ETH, the gold watch starts running.

- Purchase Ticket

Each ticket has a starting price of 0.002 ETH and the price increases as the Gold Clock begins to run:

Call N is the current hour of Gold Watch (less than 60 minutes then N = 0)

Ticket Fare = 0.002 + 0.002 * (50-N) * 4%

- So the highest ticket price will be 0.006 ETH when N = 0 at the last hour of the Gold Watch.

- When the Gold Watch started running, buying 1 ticket was awarded 2 more tickets.

- Prize Distribution

The entire ETH purchased Ticket is allocated as follows:

- 50% into the award

- 20% Instant Income

- 17%: Referral Income

- 10% of dividends

- 3% Develop new products

- Prize

When having a ticket buyer, 50% of ETH sales will be allocated to the prize pool and divided as follows:

% Prize

50% Diamond Chest

20% Ruby Chest

5% Gold Chest

4% Silver Chest

1% Drawer Prize

20% Next Round

DAA Token

DAA Token has a maximum supply of 20,000,000 DAA and is gradually exploited when users buy tickets and play games with ETH and this is the only way to get a DAA token.

DAA Token mining process has 10 stages, each stage has 10 rounds, maximum of 200,000 DAA is exploited each round.

In the first round when you buy a ticket or lose a game with an amount of 0.05 ETH, you have successfully mining 1.66666667 DAA, at this time 60% is 1 DAA directly to your wallet and 40% is 0.66666667 DAA to DABANKING developer wallet.

If you play a game that wins at the first round, you need a volume of 0.055 to successfully exploit 1.66666667 DAA and receive 1 DAA.

DAA Token Distribution

Income

Instant Income

When each round starts, the faster you buy a ticket with the higher the Winning Multiplier, the more opportunities you will have to increase your income up to a maximum of 650% of the amount spent at Zero Round and up to 500% of money spent from Round 1 onwards.

The Winning Multiplier coefficient is calculated by the dependent formula on the total number of tickets purchased and when the total of 44,230 tickets is purchased, the Winning Multiplier will return to x1.

The Winning Multiplier coefficient will decrease from x25 down to x1 depending on the number of tickets purchased at the beginning of each round, the coefficient is as follows : https://dabanking.io/static/whitepaper.pdf

Referral Income

When you represent a ticket buying community through your link referral, you get unlimited income up to 17% on the 10 floors below:

Winning Income

When buying a ticket, you have the opportunity to win a huge amount of ETH in 4 treasures:

- Diamond chest

- Ruby Chest

- Gold Chest

- Silver Chest

- Accompanying is the reward value of the “Drawer” Prize

A ticket can theoretically win many different prizes at the same time

Dividend Income

Dividend Pool will contain 10% of total ETH tickets purchased and all profits of FomoGame. Once every 2 weeks, the dividend pool will be paid out according to the structure:

- 70% of the ETH in the pool is divided equally to all accounts that have frozen DAA Token.

- 30% of dividends pool will be added to the next 2-week dividend pool.

At the end of the dividend payment, all DAA tokens will be unfrozen and need to be frozen again to receive the next dividends round.

Gaming income

DABANKING will update new games every quarter to meet the needs of entertainment and increase income for the community, now DABANKING will deploy FomoDice games first and update FomoWatch, FomoDuel…v…v…v …

FomoDice has a random results mechanism based on blockchain to bring the fairness, transparency, and non-intervention. By taking the number of difficulty in the current block and the number of time points for the rotation to generate the 64-bit hash code is a seed. Each dial will generate a different random seed, divide the Seed number by 100 to get the result of the lucky number.

For example: Seed of the current spin is 1459, taking 1459 divided by 100 is 14 remainder 59, so 59 is the lucky number that will be generated.

You can play games with ETH or DAA Token

You can play the game directly with your ERC20 wallet containing ETH but if you want to play the game with the DAA Token then you need to Deposit token to the system’s virtual wallet before playing, because the Smart Contract of Ethereum does not allow direct token from ER20 wallet to play.

The more you play with ETHs, the more you will exploit the DAA token whether you win or lose.

When you introduce FomoDice to many newcomers, you will receive income from the gaming volume of the entire system below up to 1.5% for 10 levels.

The conditions for receiving referral commissions are the total commissions that are always smaller than 1/10 the total volume of individual transactions in the game, which is the maximum ETH/TOKEN amount received from this commission is equal to your own game volume up to the present .

The below system plays with ETH, the commissions are received by ETH.

The below system plays with DAA Token, the commissions are received by the DAA token.

Burning DAA Tokens

When a community is played with DAA tokens, all profits from the DAA Token base will be on the token ship.

Every 2 weeks the system automatically burns 50% DAA on the ship with tokens

When burning how much DAA is in the token vessel, record the amount of DAA tokens in the developer's wallet with a ratio of 60:40 (burning 6 DAA tokens on the ship with tokens, burning 4 DAA developer wallets).

Roadmap

DABANKING aims at long-term development, bringing entertainment services to the decentralized application platform, giving back power to users. The development team has come up with long-term strategies to make DABANKING a powerful ecosystem that allows millions of customers to experience our services.