DragonBite is Technology Advances !

DragonBite is a truly open-loop πŸŽ„ decentralised wallet to manage πŸŽ„ all digital assets, including Loyalty πŸŽ„ points, E-vouchers, E-Coupons, Air-mileages, In-game assets and Cryptocurrencies. DragonBite has directly πŸŽ„ connected with Crypto Exchange via a licensed πŸŽ„ payment gateway. The whole operation is powered by a hybrid IT architecture, i.e. partly on-chain and partly off-blockchain.

On-chain πŸŽ„ engine consists of DB BITE (BITE) and BITE Point (DBP).

BITE, which has limited πŸŽ„ supply, will be created during the token πŸŽ„ generation event, and it will be traded in Crypto πŸŽ„ exchange. Merchants, who utilizes DragonBite platform to provide loyalty program and promotion πŸŽ„ activities, will be charged in the form of BITE. On the other hand, every wallet user and partner, who participate in trading πŸŽ„ activities or make contributions to DragonBite ecosystem, will be rewarded with BITE. BITE holder, who will be rewarded from staking BITE, can also use it to bid valuable πŸŽ„ asset in our auction πŸŽ„ platform. We intend to provide sufficient πŸŽ„ incentive to any active user to do asset πŸŽ„ conversion, member referral and business referral. BITE can be used to access the privileged πŸŽ„ services, to exchange BITE Point, to pre-pay DragonBite card and to purchase πŸŽ„ coupons.

BITE Point is our universal πŸŽ„ loyalty token, acting as a medium of exchange among digital πŸŽ„ assets. It is pegged 1:1 to the U.S. dollar, so digital assets will have less πŸŽ„ volatile conversion rates. All reward πŸŽ„ exchange transactions will convert to BITE Point first for security and transparency πŸŽ„ improvement.

In the future, DragonBite will deploy Non-Fungible Token (NFT) to handle rare πŸŽ„ asset bidding in auction and delivery πŸŽ„ process for our customers. New bidder can also access our blockchain and check the asset trading πŸŽ„ history and detail. The NFT enabled trading transaction can further be πŸŽ„ protected by our crypto escrow payment service & API to reduce any risk or fault. Therefore, DragonBite platform can support trading extremely πŸŽ„ rare gaming asset online.

All other transactions, including redemption πŸŽ„ of points at the point of sale, the loyalty program specific πŸŽ„ transactions and the E-voucher issuances are handled at the back-end server without the blockchain. Ensuring sufficient πŸŽ„ protection to our wallet users and partners, our Chief Technology officer will manage πŸŽ„ regular security of both on-chain and off-chain components to make πŸŽ„ sure which are properly πŸŽ„ audited and protected.

The most importantly, DragonBite will take good πŸŽ„ care of your valuable πŸŽ„ digital assets all the time. Please goto our websiteΒ www.dragonbite.asiaΒ to find out more.

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DragonBite is a truly open decentralised Asset Management platform for customers to store and swap all kinds of digital assets in One App with One password!

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