BITE is DragonBite’s native cryptocurrency.
BITE is distributed to users as a reward for contributions made to DragonBIte Ecosystem and provides access to a variety of economic incentives.
Contributions include, but not limited to, buy, sell, trade, convert, send digital assets within DragonBite Ecosystem.
BITE (listed token) can be used for:
1. Staking & Rewards
2. Voting governance + Partial ownership of DB pool
3. Conversion Fee
4. Publicly Tradable Financial Asset on Crypto Exchanges
BITE POINT (DBP) is DragonBite’s native token, pegged 1:1 with the US Dollar
DBP acts as a medium of exchange between Digital Assets and provides a liquidity to buyers and sellers of their digital assets on DragonBite’s ecosystem.
BITE POINT (DBP) (1:1 pegged to USD + Universal Token) usage:
1. Conversion currency
2. DB pool (storage of digital assets)
DragonBite aims to provide a one-stop-shop for members to manage different types of digital assets with “one app, one password”.
Our new methodology of managing digital assets will help our members to unlock the value of their idle digital assets and increase their purchasing power in crypto world as well as in real world.
DragonBite’s e-coupons can be exchanged and redeemed in more than 50,000 outlets, including supermarket, coffee-shops and other high street merchant partners.
For crypto exchanges and game points, the coupon code are usually input online during redemption.
The App is an all-in-one digital asset portfolio management tool
It allow you to BUY - SELL - SEND - SPEND and CONVERT you digital assets
BITE Point is the universal loyalty exchange token.
Since it can be use to purchase cash coupon or top up debit card, security and transparency are very important to our customers.
We also provide BITE token that can use for loyalty transaction payment, platform subscription.
Another important use of smart contract on our platform is unique assets trading which proof of owner is important.
Transparency and security is very important for transaction mentioned above and blockchain can help us to acheive that.
Merchant can list their loyalty asset or create new one in our open loop eco-system reach millions of new customers.
They also can pay relatively small fee to use many advance features provided by our SaaS platform.
The platform eco-system can help them to drive increase in sales and improve their customer's loyalty.
The aggregate data can also help our merchant partners to improve their marketing and product strategy.
Currently, the speed of execution and transaction cost of most crypto platform have adversely impact viability of certain use cases.
Rio Chain will make use of Polkadot technology to improve speed and interoperability of our blockchain transactions.
Click these two links to understand more about Rio Chain and Pokadot.
Our reserved token (and other token pool which requires similar protection) are hold by our Digital Asset custodian solution provider - Hex Trust.
They provides a state-of-the-art security framework delivered in partnership with IBM, seamless integration with core banking systems and comprehensive insurance coverage.
Digital Assets can be stored in cold and frozen digital assets storage to make online hacking close to impossible.
Visit Hex Trust's website to understand more about their security control measures.