Why did we premine 8 trillion Dentacoins?

With the upcoming Exclusive Hard-Capped Token Presale on July 1st, one questions keeps on being asked. Why did we create so many Dentacoins? 8 trillion DCN, to be exact.

The answer is simple. The concept of Dentacoin is global.

But let’s be more concrete:

  • For a global coverage and a long-term success, we certainly need a lot of coins.

The minimum required volume of any currency in order to have a chance for a global use is 5% of the total world currencies volume. Today, all of the world’s money equals USD 160 trillion and 8 trillion DCN is an equivalent to approximately 5% of this amount.

The planned daily users for our first tool — the Dentacoin Trusted Reviews Platform — is up to 3 000 000 users (3 million users), each of which will be rewarded a different amount of Dentacoins.

  • We need Dentacoins for earning through our value-creating tools.

Dentacoin token supports the mission of Dentacoin Foundation — to improve dental care quality worldwide through implement various value-creating tools. Each tool is served by Dentacoins — meaning each user of each tool will get rewarded in Dentacoins, depending on the value they add to the overall quality of the global dental industry. Each tool targets a different aspect of the dental industry.

Around 40% of the total amount of Dentacoins are reserved for EARNING (through tools and value-generating activities, contributing to the improvement of the dental industry), 40% are reserved for BUYING (ICO and presale activities, crowdfunding) and the other 20% are to be utilized by the Dentacoin Foundation for development of tools, marketing activities, bounty programs, future projects and unpredicted expenses.

The first public Presale is on July 1st, when a limited amount of Dentacoins will be available at a very low price, giving a chance to early investors to support the Mission of Dentacoin and be early participants in our future growth.

First ICO, with a hard-capped volume, is planned for October 1st, when a larger amount of coins will be available for public sale. The next ICO is planned for October 2018, a year after the first public token sale.

  • The Dentacoin token distribution has a limited annual distribution volume.

Dentacoin TimeLock contracts are already deployed. 6.088.888.888.888 DCN are locked and will be released bit by bit from 2018 to 2042 following this schedule: Dentacoin TimeLock Addresses — GitHub.

Due to the DCN being forever limited in amount and thus — inflation-protected, the value is expected to increase in time, giving the involved parties even more benefits.

Originally published at Dentacoin Blog.

Written by

Healthcare Industry should be in the hands of the people.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store