Q1.Many developers will develop new projects with the goal of not only having the properties of Bitcoin transactions but also protecting the privacy of transactions. In the early days, Dash using a coin mixer, Zcash with zero-knowledge proof, and XMR with fairly strong anonymity, but how are these different from DCS?
May: DASH uses a mixed cryptocurrency structure and private sending technology; XMR uses ring confidential transactions and ring signatures; ZEC uses zero-knowledge proof to achieve the concealment of transactions.
However, DASH, XMR, and ZEC must use their own cryptocurrency transactions to achieve the hidden effect, which does not fully meet the needs of the market. Most users still use the stable token USDT or cryptocurrencies issued based on the Ethereum or BSC ecological chain. Therefore, we need a solution that is applied to mainstream cryptocurrencies and can be decentralized, safe, and concealed.
DCS is just such a solution, it pioneered the original Mix-ZK protocol, developed smart contracts based on BSC, and adopted liquid staking mining + certificate- issuance mining without mining machine, supports stable token USDT, as well as other multi-cryptocurrencies like BNB, DCS, BUSD etc. It can even be extended to all cryptocurrencies on BSC, and there is also a dividend mechanism.
Q2. The core of anonymous projects is technology. So, what are the technical advantages of DCS?
May: The DCS encryption certificate system pioneered the Mix-ZK protocol, which combines the principle of “zero-knowledge concise non-interactive knowledge (zk-SNARK)” and “hybrid data structure” that can simultaneously protect user anonymity, message transmission privacy, and data structural privacy
Q3. DCS can provide the security and privacy of digital assets. From what aspects can it be corroborated to ensure the security and privacy of users?
May:
①Security: The digital assets transferred to the decentralized smart contract are not controlled by any person, and only the person who holds the encrypted certificate can take it out.
②Privacy: With a fixed denomination, each encrypted certificate issued by the user has a standardized denomination. It is impossible to compare the account and transaction details of the transfer through the amount event if there is a big data analysis.
③Complexity: The more the number of vouchers in the smart contract, the more complex certificates that enter and exit at the same time.
Q4. The direction of DCS node governance and future expectations?
May: DCS implements decentralized node governance, and gives rights to node autonomy so that all DCS enthusiasts have the opportunity to become DCS DAO members.
The governance scope of DCS DAO includes the development, operation and maintenance, and iterative DCS smart contracts; formulating DCS security, compliance standards, managing and distributing the benefits of the DCS platform. Any changes, updates of decisions and rules, etc., are voted and decided by DCS nodes in a democratic manner, which is compliant, open and transparent.
Q5. The project started its internal test on the afternoon of August 12th. Users can start liquidity pledge mining and certificate-issuance mining, and trade on PancakeSwap. What is the economic model and issuance mechanism of the token?
May: From August 12th to August 22nd, the DAPP internal test phase has gradually updated and iterated.In order to protect the interests of DCS users, the founding team decided that all the DCS unlocked by the founding team during the internal test phase, a total of 43,025 DCS, will be burned on the chain.
Issuance mechanism: the total supply is 60 million DCS
70% is generated by mining: 30% of which is generated by certificate-issuance . ecological mining while the remaining 40% is generated by node governance liquidity staking mining.
30% is reserved for the founding team and early participants: 10% of which is owned by the original technical team, 10% for the operation team, 5% for market circulation, and another 5% for the foundation.
The part reserved by the founding team is locked and synchronized with the rate generated by the mining mechanism. The output is maintained at a ratio of 2.5:7 at any time. It is publicly executed on the chain and is controlled by no one to maintain the fairness and stability of the overall community, so that to truly realize a decentralized, fair and mutually beneficial economy model!
Economic model: Users who use the DCS platform to issue encrypted certificates need to pay an additional 0.2% handling fee, of which 40% is distributed to the original DCS technical team and 60% is distributed to community users. The profit is divided according to the DCS pledge ratio. The dividend token depends on the handling fee token, which can be withdrawn to external exchanges for trading.
The mining mechanism adopts a deflationary model of halving the cycle output, and has a burn mechanism.
Q6. What is the value of holding DCS tokens?
May:
Community governance: Holders can vote on relevant governance parameters after DCS token have been distributed to a certain amount, which includes but not limited to currency denomination, number of equities, handling fee, and profit-sharing ratio.
Community improvement: The DCS platform allows the new TRON TRC-20 specification tokens to be listed on but the applicant must pledge a certain amount of DCS, and the amount of DCS will be destroyed after community voting, and the contract of the new token can be added, also, DCS community can share a certain degree of processing fees in the applicant’s tokens, and the relevant fees are jointly decided by the applicant and the DCS community.
Revenue sharing: The DCS platform charges an additional 0.2% handling fee for each transaction as the revenue of the DCS platform, which deducts 25% of the development team’s operating expenses, and the remaining 75% will be allocated to community holders and sharers based on the pledge ratio and contribution to reward community members who participate in mining and pledge.
Value-added benefits: The economic model of DCS determines that DCS has a lot of value-added space, which means holding DCS can enjoy value-added benefits.
Q7. What is the deflation model and mechanism of DCS mining?
May: The mining mechanism adopts a deflation model of halving cycle output, halving output every 5,184,000 BSC block heights. It is estimated that each cycle time is about 6 months. The generation mechanism and speed are shown in the figure.
Early participants will be able to obtain a larger number of DCS. With the increase of users, they will continue to receive fee sharing, which truly reflects the spirit of the sharing economy. We believe that this economic model will effectively attract users to participate and help people who need privacy protection so that to get rid of rely on the generation of DCS for incentives and become a complete economic system.
Q8. DCS can be the only anonymous project on BSC. From an investor’s point of view, why do you think it can be a comprehensive empowered project?
May:
1.The total supply of DCS is 60 million, with low circulation in the early stage, and can only be generated by the mining.
2.Dual mining mechanism, and obtain pledged dividends continually. The concept of anonymity + Defi allows early participants to obtain greater dividends
3.The tokens of the founding team are produced simultaneously with mining, ensuring the fairness and stability of the market
4.Privacy protection is a rigid need, and the business volume of DCS will continue to rise in the future so it has a broad market prospect
5.DCS has adopted linear growth in the early stage, and has a halving mechanism, so there will be no major inflation in a short period of time.
6.DCS multi-chain layout has a high popularity.
7.We will reach a cooperation with the top exchanges on the basis of DEX and launch DCS for circulation.
8.There are many online users, growing holding addresses, and user transaction data is also very active
Q9. In addition to the application development of digital currency, what other commercial application developments does DCS have?
May: After the privacy protection application in the field of digital currency gradually matures, the application of DCS will gradually develop in the direction of platformalization, and will be applied to various institutions and business scenarios, such as corporate bidding, anonymous voting, charity, auctions, medical care, and file storage, etc.
Q10. Finally, I would like to ask what is the overall ecological development plan of DCS? Or how to realize the future vision?
May:
First Phase Set sail to an era of encrypted privacy
2020.12-Discover the privacy needs of blockchain applications
2021.4-DCS proposed and implemented the Mix-ZK core algorithm
2021.6 — — DCS releases version 1.0 white paper
2021.7.28-Provide airdrop benefits to the first batch of DCS consensus users
2021.8.7 — DCS encrypted credential system Dapp is open for registration;
2021.8.12-Open encrypted certificate ecological mining, liquidity staking mining and fee dividends, and will be listed on a decentralized exchange.
2021.9-On the basis of DEX, DCS reached cooperation with international first-line exchanges to circulate DCS tokens.
Second Phase An Age Of Encryption Prosperity With Multiple Chains
On the basis of running on BSC, DCS deploys contracts on multiple chains by means of cross-chain bridges, etc.
2021.12-Contract deployment on Ethereum (time will be adjusted according to the optimization of Ethereum gas fee)
2022.2-Gradually complete deployment on Polkadot, TRON, Heco and other chains according to market demand
Support multi-chain, improve consensus, and lay a solid foundation for commercial applications
Third Phase Start a Commercial Journey
The application of DCS is gradually developing in the direction of platformalization.
Starting in 2022, in addition to the privacy protection of digital assets, DCS will gradually be applied to various institutions and business scenarios, such as corporate bidding, anonymous voting, charity, auctions, medical care, archive storage, etc.
The DCS, which was built in 2023, has become a leader in the field of blockchain privacy protection, with a goal of building a market value of 10 billion dollars, to drive blockchain digital assets into an era of real value.
