At this point in time, one can accurately predict that blockchain technology will remain. It is also safe to say that the market is only just getting started, as a massive disruption of the digital ecosystem can be expected in the coming years. Reports make it clear that blockchain technology is projected to create an enterprise value of $ 176 billion by or 2025, with that number exceeding $ 3 trillion in early 2030.
The recent growth of the blockchain market has sparked some debates about its usability as optimal chain development and usage are still proving difficult. There are solutions, which is why Prasaga is working intensively on the creation of the DataGrid blockchain via its DGBLabs subsidiary.
As part of this article, readers will learn about the current issues facing the blockchain, the value proposition of DataGrid Blockchain, the ongoing token sale, and the upcoming liquidity bootstrap pool on Balancer, which will provide significant benefits to token holders.
How blockchain complexity plagues the market
The Crypto philosophy points to the creation of digital ecosystems that are trustworthy, smooth and inclusive for users worldwide. However, many of the blockchain’s promises are doomed if the technology side of things is not addressed.
Blockchain protocols are difficult to get used to. This is mainly due to the serious learning curve that both users and developers have to go through. In response, this leads to high barriers to entry that overcomplicate the promise of integrative digital ecosystems. Additionally, many of today’s blockchains lack an optimal level of scalability, resulting in slow transaction throughputs that cannot achieve business goals. Security is also an issue as millions of dollars in cryptocurrencies have been lost due to exploits and misunderstandings of how blockchains work.
Provision of the promised future through the DataGrid blockchain
The DataGrid Blockchain (DGB) seeks to solve many of the pressing technological problems. With this in mind, the project development team created a working prototype that is easy to use, provides resistance to attacks, offers lucrative incentive mechanisms for contributors, and offers high-throughput transaction functionality.
In contrast to some other chains in the market, DGB actually keeps its promise to create a simple, integrative, secure and decentralized blockchain. To achieve this goal, the DGB team has redesigned the intelligent contract programming, storage and certification. High performance is easily achieved by adding new resources as needed, ensuring lightning-fast transaction speeds. Inclusive access is the focus of DGB, so that users retain open and decentralized access rights as well as control over data protection and individual autonomy.
One of the main selling points of the DataGrid blockchain is the support of the eXtensible Blockchain Object Model (XBOM) operating system. XBOM was designed to simplify blockchain development and scaling, and make DGB suitable for most types of applications. To put this in perspective, XBOM can be referred to as “decentralized GlobalOS”, a system that runs directly on the DataGrid blockchain.
Announcement of the ongoing DGT token presale
Prasaga invested over three years in creating the DataGrid blockchain. After meeting its deadlines and patenting all innovations, the team has now announced the start of its private token sale. As a utility token, DGT will supply the network with electricity and serve several use cases within the DGB ecosystem.
Private sales began and became on January 22nd extended until February 13th. After the current token sale has been completed, DGBLabs will start a Liquidity Bootstrap Pool (LBP) for the DGT token on Balancer.
Understanding the Liquidity Bootstrap Pool
In short, LPB implementations are intended to put downward price pressure within the token’s liquidity pools in order to increase the price from the start. In other words, the price of DGT will start relatively high and will come down over time thanks to automatic pool weight adjustments. For token buyers, this means that early participants pay a higher price per token than those who buy the token later. This leads to several positive effects for the token. For example, the LPB implementation can discourage whales and bots from buying DGT tokens before the rest of the community has a chance.
This creates the same chances for everyone to buy the tokens at an acceptable price before the value is affected by the enormous buying pressure generally generated by bots and whales. The familiar fear of missing out (FOMO) is also eliminated as buyers can now wait for the price to drop to acceptable levels before making a purchase commitment.
In the long term, the price of the token will increase organically based on the laws of supply and demand. Therefore, the LPB implementation is designed for balancer listing only, with no later impact on the open P2P market.
Historical analysis has shown that projects that choose to implement liquidity bootstrap pools can generally raise significant amounts of capital without dealing with dumps, thereby keeping the price of the token on an upward trend.
For example, Perpetual Protocol, a decentralized trading system for perpetual contracts, opted for an LPB mechanism as part of its token sale and raised $ 7.5 million. APY.Finance, a protocol to facilitate high-yield farming, has used Balancer’s LBP mechanism to raise over $ 4.4 million, and later up to $ 67 million of digital assets within its smart contracts in a single hour of operation locked up.
Based on these aspects, it becomes clear that liquidity bootstrapping pools for token sales can prove extremely beneficial through fair distribution for actual promoters, better pricing, and bot deterrence.
Participation in DGT Tokenomics and Token Sale
DGBLabs has announced the tokenomics for the ongoing token pre-sale. Interested investors can currently purchase an ERC-20 version of the DataGrid token, which will later be exchanged 1: 1 for tokens that are directly compatible with the DataGrid blockchain. DGT includes a $ 6 million soft cap and a $ 25 million hard cap that are likely to be secured given the value proposition of the project. After the community token presale ends, the LBP will be published to allow proper pricing for at least 96 hours. Once this process is complete, DGT will be launched for a number of DeFi pools where anyone can buy the tokens at the market price.
To join the community pre-sale, prospective buyers need to follow three simple steps. Whitelisting is required, so a KYC / AML procedure is carried out via Blockpass. Candidates should keep a close eye on their email address as eligible buyers must complete a survey. The final step involves buying DGT tokens at a great price that also brings bonuses that are variable depending on the user contribution.
To register for the DGT Token Presale today, visit https://www.dgblabs.io/
