The US$1 billion market, the DCS privacy protection platform is on the rise and is now officially launched
On January 10, 2021, Grayscale’s founder, Barry Silbert, once said that 2021 will be a year of privacy protection, decentralization, and resistance to censorship. Today, we can see the rapid development of the Internet, but the rise of artificial intelligence, cloud computing, and big data have also left our privacy nowhere to hide. Many illegal teams are able to steal our information and use it to commit crimes, which can seriously affect our lives.
This is same in the cryptocurrency world, user privacy data is also very important. The addresses of many users can easily be tracked in real time through the block explorer on the chain due to the distributed ledger. Although there is a certain degree of anonymity, but it is still far from enough. The data of user interaction still needs the protection of anonymity technology. Therefore, people began to experiment with projects with more advanced anonymous algorithms on the basis of Bitcoin, and Zcash was created in such background. In 2018, the developers tried to upgrade the Taproot to Bitcoin and conduct complex multi-step transactions, but it did not really solve the privacy problem. On the BSC, DCS is becoming the leader of anonymous transaction protection, it further protects the privacy of user transactions through the Mix-ZK protocol, solves the demand for anonymous transactions in the market, and has begun to become a new value field and investment benchmark.
The rise of the privacy track, DCS escorts DeFi
With the outbreak of DeFi and exchange public chains, each public chain began to carry a large number of users and funds, and the business data of each DeFi project has gradually become huge. The current DeFi already has TVL worth more than 20.97 billion U.S. dollars. However, A large amount of data on DeFi is easily tracked by some users. For example, Sun Ge’s wallet address was recently revealed to have more than 4.8 billion U.S. dollars in encrypted assets, which are also distributed in platforms such as Pancakeswap, Sushi, Compound, etc., with a single day staking interest income is as high as 5 million RMB. The privacy of personal assets and information can be directly detected, and user can only the disperse wallet to avoid chasing.
The theft case of Poly Network up to 600 million US dollars in August also makes it easy for us to see the application scenario of a privacy protection project. Hackers use Monroe to obtain the gas fee required for the attack from the CEX mentioned chain, and the funds finally obtained can only be shuffled multiple times through the currency mixer. There is a great market application and demand for DeFi in the cryptocurrency track, which can be used in anonymous voting, governance, payment, charity, and auctions. Especially in DeFi, a market that will be able to carry hundreds of billions of dollars in the future, there is already a huge market demand for privacy protection projects.
Tornado Cash is the largest coin mixer on Ethereum chain, with a market capitalization of 85 million U.S. dollars, a TVL of 855 million U.S. dollars, and a daily transaction volume of up to 5–10 million U.S. dollars. There is also leading platform who can do anonymous transactions on BSC, and DCS is the only privacy coin project on BSC. It provides a completely decentralized digital asset security and privacy solution for BSC, which can protect the information privacy security of DeFi users. A large number of users have participated in DCS transfer transactions. DCS has become a privacy coin unicorn with a very high evaluation by BSC, attracting a large number of users to participate in mining.
Over 1 billion USD mixed currency, DCS staking has become a consensus
The overall logic of DCS is not complicated. Users who want to participate in DCS to mine need to issue an encrypted certificate. Once they obtain DCS, they can trade or provide LP for DCS to participate in liquidity mining. A 0.2% handling fee will be charged when issuing certificate. Currently, users can issue certificate through USDT, BUSD, BNB and DCS.
At present, the total supply of DCS is 5 million coins, the pledge amount has reached 3.7 million, and the pledge rate is as high as 74%. More than 55,000 DCS have been burned, and the amount of mixed currency is as high as 1 billion U.S. dollars. The commission dividend generated by the mixed currency has reached 1.2 million U.S. dollars. As users interact with DCS more frequently, there will be more and more DCS -holding dividends and burned DCS coins, which shows that the greater the volume of DCS business, the more valuable the DCS held by users.
For DCS, in addition to the early stage of coin production, inflation will be quite low later, and 70% of the project will be reasonably output through mining. The main reason why DCS can have such a large transaction volume is the unique market demand of DCS. Users conduct transactions through the chain, and it is the only privacy protection ecological layout on BSC.
DCS is also gradually forming a consensus. A large number of users have begun to participate in liquidity mining. It took 23 days for the pledge amount to increase from 1 million to 2 million while it only took 13 days to increase from 2 million to 3 million, and now it is about to enter 400 million. More and more users are participating. From the data on the chain, DCS already has 13,500 token holding addresses, and this data is growing steadily.
The liquidity and price of DCS are also constantly rising. The current DCS price is 4.87 US dollars, which is 80% higher than the opening price. DCS is also growing steadily due to the continuous promotion of the project and the continuous joining of a large number of users. The current liquidity has exceeded 1.1 million US dollars. The price of DCS tokens will also match with the joining of users and the business of the project.
DCS will end the internal test on September 26. After 45 days of internal test, DCS will start the first official coin production cycle. The current coin production is 79,800 per day. And after about 180 days, the coin production will be halved.
From the data point of view, DCS has passed the early cold start period, and the number of participating users is continuing to increase, especially the users who participated in the issuance of certificates and liquidity mining, which locked a large amount of funds and DCS, and the speed of DCS burn under a large number of transactions has also begun to increase. In short, with upper limited total amount of DCS, and big locked amount of tokens, halving mechanism, high market demand for DCS business, DCS users will continue to grow, and the price will also get higher.
DCS early mining, multiple benefits empower DCS
Due of its unique market value, DCS is constantly satisfying market needs, so the project will have more and more space for development in the future. For users, the earlier they participate in mining, the more tokens they can mine. The early circulation of DCS is very small, and the total supply of tokens is only 60 million, which can only be produced through mining. Project team’s tokens are also produced with mining.
In terms of token empowerment, it is easy to see that, in addition to using DCS to participate in the mining of the project, users can also use DCS to participate in the governance of the project, as well as sharing dividends by holding tokens. The DCS token mechanism is also a good point because DCS has a burning mechanism, users use DCS to transfer money and issue certificate will burn a very small portion of DCS, and there is also a token halving mechanism for almost 180 days. Therefore, in terms of circulation, the tokens will not always be inflated because of mining output, but getting more valuable by slowly reducing the tokens in circulation in the market. The scarcity of DCS and the complete token model will enable the price of DCS tokens to rise steadily.
DCS is currently only available on Pancakeswap, but with the continuous development of the project, it will soon be launched on a centralized exchange. As the influence of the project increases, more users will use the functions of DCS and participate in the ecology of DCS. The listing of CEX will get its own value pumped.
According to the official white paper, the current DCS is only deployed in BSC, and other new public chains still have the need for privacy coins. Therefore, DCS will begin to deploy on other public chains, such as Polkadot, ETH, and so on. When the project develops to a certain stage, it begins to build development around the community and users, so that early users can get dividends from it.
Summary
The explosion of privacy protection track has begun to become a trend. The combined privacy coins and liquidity mining can attract more users to participate. In addition to solving the needs of the market, DCS has also begun to gradually establish ecosystem, giving tokens more value and utilities. Under the current combined application of DeFi and NFT, the following various mining methods are still a good choice. The ultimate value of DCS will be the return of market business value, especially in the early stage where users can use lower cost to obtain tokens, when the big wave of the trend comes, they will get rich benefits.
