According to CoinMarketCap, one of the most popular sources of information on the cryptocurrency market, the latest cryptocurrency to hit the market is WHITE DRAGON, which was launched two days ago. It is a token based on the Binance Smart Chain (BSC) network that aims to create a digital art and gaming ecosystem inspired by Asian culture. Its symbol is DRAGON and its current price is $0.0…01737.
To understand how WHITE DRAGON works, you need to know some basic concepts about cryptocurrencies and the BSC. Cryptocurrencies are units of value that are stored and transferred on a network of computers called blockchain, which functions as a public, distributed ledger that records all operations. Each blockchain has its own rules and characteristics, and some allow the creation of tokens or secondary currencies that benefit from their infrastructure and security.
The BSC is a blockchain compatible with Ethereum, the second most important cryptocurrency in the world, which allows the creation of decentralized applications (dApps) and smart contracts, which are programs that are executed automatically and transparently according to pre-established conditions. BSC differs from Ethereum in that it has lower fees, higher speed, and greater processing capacity.
WHITE DRAGON is a token that was created on the BSC through a smart contract that defines its characteristics and functions. Some of these functions are:
Token burning: Every time a transaction is made with WHITE DRAGON, 2% of the total is burned (destroyed), reducing the supply and increasing the scarcity and value of the token.
Rewards to holders: every time a transaction is made with WHITE DRAGON, 2% of the total is distributed among all token holders, which encourages savings and loyalty.
Automatic liquidity: every time a transaction is made with WHITE DRAGON, 2% of the total is added to the liquidity pool, which is the money available to exchange the token for other cryptocurrencies on decentralized markets (DEX).
Anti-whales: to prevent large investors (whales) from manipulating the price of the token, the maximum size of each transaction is limited to 1% of the total supply.
In addition to these features, WHITE DRAGON aims to create a digital art and gaming ecosystem based on Asian culture, which will include:
NFT Games: NFTs (non-fungible tokens) are unique and unrepeatable tokens that represent digital assets such as images, videos, music or games. NFT games allow users to collect, trade and play with these assets, which can have economic and sentimental value. WHITE DRAGON plans to release several NFT games inspired by Asian mythology and folklore, such as dragons, samurai, ninjas, and geishas.
NFT Marketplace: The NFT Marketplace is where you can buy and sell NFTs created by users or the WHITE DRAGON team. The NFT market will have a 5% commission, of which 2.5% will go to the liquidity fund and 2.5% will be distributed among WHITE DRAGON holders.
Digital art platform: The digital art platform is the space where artists can create and display their digital works, which they will be able to convert into NFTs and sell on the NFT market. The digital art platform will have a 10% commission, of which 5% will go to the liquidity fund and 5% will be distributed among WHITE DRAGON holders.
WHITE DRAGON is a very new cryptocurrency with great potential, but also with many risks and challenges. Before investing in it, it is important to do extensive research and be aware of the news and updates of the project. It is also advisable to use a BSC-compatible wallet, such as Trust Wallet or MetaMask, and purchase the token on a trusted DEX, such as PancakeSwap or BakerySwap.
: CoinMarketCap is a website that provides information on the price, volume, market capitalization, supply and percentage change of more than 2,200 cryptocurrencies. : WHITE DRAGON is a cryptocurrency that was launched on February 13, 2024 and aims to create an ecosystem of games and digital art inspired by Asian culture.
