Why a DecimalChain?
🛠️DecimalChain blockchain is a kind of cryptocurrency constructor.
🔗You need neither technical skills, nor a lot of money for development, nor a great deal of time for implementation. You just need to go to the DecimalChain user console, open the “coin issue” tab and fill in 5 fields with explanations.
👥First of all, entrepreneurs and businesses will need their token. We know that all people are different and the financial models of their businesses are unique in their own way. A universal coin cannot provide equally good support for financial transactions for everyone. Therefore, you determine the economic parameters of your coin yourself.
By providing your token with DEL coins, it can be traded immediately after creation.
💵The DEL reserve is a guarantee of your reliability as an issuer, and the confidence of your clients that they will always be able to exchange your token for any other network token or for DEL, which in turn can always be exchanged for any national currency of interest to the client.
To create a coin in Decimal:
▪️ purchase the native DEL coin in the amount required for the reserve
▪️ come up with a token name and a ticker (short name)
▪️ determine the number of your coins for the initial issue
▪️ determine how many of your coins will be in total (issue)
▪️ specify the initial reserve in DEL coins
▪️ specify the percentage of security of your coin DEL
📈Predictability is very important for business, so the rise or fall in the price of your coin always occurs according to the same formula: either someone replenishes the reserve or reduces it. To understand how the value of your custom coin will behave during purchases, sales and exchanges, we have made a convenient simulation Calculator. You create a virtual coin in it and make the corresponding transactions, observing the change in the value of your coin.
📖The detailed process of creating a token and the logic of calculations are described in detail in Chapter 6 of the White Paper.