dinar technology whitepaper
Welcome to the Dinar Libyan Coin whitepaper, your guide to understanding our revolutionary project. In this document, we will outline the vision, goals, and technical features of DNLYC Coin
:Project Overview
DNLYC is a collaboration between Dinar Technology Foundation and community developers. Inspired by the success of AI, we are determined to change the status quo. Why should only “dogs” ($DOGE, $SHIB, FLOKI, Babydoge, etc.) get attention in the crypto scene? After all, DINAR is just as much, and should be able to show its magic in the crypto world as well
DNLYC Coin is an exciting and innovative project with a core mission of creating the best community token on the BSC blockchain, with future expansion plans to ETH, Solana and other blockchains
The World’s First Revolutionary Presale Mechanism: $DNLYC introduces a revolutionary strategy: buybacks during the presale. Unlike other coins that require a lengthy waiting period for listing, we offer holders a more flexible and liberated investment approach
This strategy brings tangible benefits to users. You no longer have to anxiously wait for token listing to see actual returns. We enable you to enjoy the convenience of buybacks during the presale period. This means you can freely enter and exit the market, making flexible investments based on market conditions
Not only does this strategy benefit holders, but it also provides significant advantages to the $DNLYC project. The market enthusiasm is soaring, and the community is growing rapidly. Our community members are not just investors; they are active participants and advocates. Their contributions and support bring limitless possibilities for the future of $DNLYC
At DNLYC, we prioritize transparency and accountability. To ensure a trustworthy and compliant environment, we have coin significant steps
We understand the importance of combating illicit activities and adhering to global counter-terrorism financing rules and regulations. To ensure compliance, we have implemented rigorous measures and monitoring systems to detect and prevent any potential misuse of our platform
To provide an extra layer of assurance, our coins and smart contracts undergo comprehensive audits. These audits carefully examine the security, functionality, and integrity of our technology infrastructure, ensuring that our users can transact with DNLYC with confidence
By prioritizing transparency and subjecting ourselves to external audits, we aim to foster trust and confidence among our community members and stakeholders. We believe that transparency and accountability are crucial pillars for the long-term success and sustainability of the DNLYC project
Coin Economics
Currency name, symbol, and currency contract
Coin Name : Dinar Libyan Coin $
Coin Symbol : DNLYC $
Coin Contract Address $
0xECc740E3c8d7f0223A46e52D56bb52AE83011E93
Network
BSC (Binance Smart Chain)
The total supply of DNLYC is 3,550,000,000 coins. According to the allocation plan: Presale and rewards 63% (2,236,000,000), Ecosystem 12% (284,000,000), Liquidity 8% (210,000,000), Team Fund 10% (355,000,000), BNB Chain communities 7% (248,500,000)
During DNLYC’s buy/sell transactions, there is an 7% transaction tax. This 7% tax is allocated as follows: 5% for holders’ dividends,1% automatically added to the liquidity pool to ensure liquidity, and 1% burned to reduce the total supply
DNLYC holders will benefit from the dividend distribution mechanism, receiving an additional dividend of 5% from the transaction tax. Such incentive measures encourage holders to actively participate and support the development of the DNLYC ecosystem
We have chosen Binance Smart Chain as the network for DNLYC coin, providing efficient transaction speed and low transaction costs. It is also connected with the Binance ecosystem and numerous DeFi applications, offering more opportunities and growth potential for DNLYC’s development
Features and Innovations
One unique aspect of $DNLYC in the market is our support for buybacks during the presale period. The development process of many well-known coins typically starts with community initiation, followed by airdrops, and then enters the presale phase, which can take a significant amount of time before listing, ranging from months to years. Such a process comes with the following drawback
Missed opportunities for wealth creation
Coins may possess significant potential, but due to uncertainties, investors are hesitant to make substantial purchases. As a result, the token’s value eventually rises, and investors miss out on the opportunity to accumulate wealth
Lack of exit options
Investors might make impulsive large-scale coin purchases, only to realize later that the coin’s performance is not as expected. However, they are unable to exit their positions in a timely manner, resulting in losses
With $DNLYC’s buyback mechanism, you have the freedom to enter and exit at any time, retaining full control over your investments
Innovative Airdrop Model
Our airdrop is exclusively available for MetaMask users, ensuring simplicity and accessibility while effectively preventing multiple claims by bots, thus ensuring fair distribution
Tier Referral Rewards
Within $DNLYC, we highly value the role of our community fans in driving growth. By referring a user, you have the opportunity to gain hundreds or even thousands of downstream users, resulting in substantial commissions. This significantly enhances the community’s enthusiasm for sharing, promoting token adoption, and facilitating growth
Listing Plan
Once 63% of the $DNLYC coins are minted, our focus will shift towards seeking listings on reputable cryptocurrency exchanges. However, prior to listing, we are committed to community development, consensus-building, and ecosystem enhancement
DNLYC aims to secure listings on major cryptocurrency exchanges such as Binance, OKX, and Gate.io, among others, to increase project exposure and liquidity. We will actively collaborate with these exchanges to ensure seamless trading of the DNLYC coin for our users
Listing on established exchanges offers several benefits to the DNLYC ecosystem, including
ncreased Visibility: Being listed on prominent exchanges exposes the project to a broader audience of traders and investors, enhancing its visibility within the crypto community
Enhanced Liquidity: By trading on reputable exchanges, DNLYC users will have access to a larger pool of potential buyers and sellers, ensuring improved liquidity and better price discovery for the coin
Trust and Credibility: Partnering with well-known exchanges adds credibility and trustworthiness to the DNLYC project, reassuring users of the coin’s legitimacy and security
We are committed to working closely with exchange partners, fulfilling their listing requirements, and ensuring a smooth and convenient trading experience for DNLYC coin holders
Fundraising and Utilization of Funds
Fundraising
DNLYC primarily raises funds through private financing, presales, and coin sales. We collaborate with investors and community members to ensure sustainable and transparent management of funds
Fund Utilization
The funds raised by DNLYC will be primarily allocated to the following areas
Product Development and Enhancement: We will allocate funds for technical development, smart contract optimization, and improvement of product features to provide users with a better experience and enhanced functionality
Marketing and Branding: To increase awareness and expand the user base of DNLYC, we will allocate resources to intensify marketing efforts and build the brand. This includes advertising campaigns, social media promotions, and participation in industry events
Liquidity and Exchange Listing: A portion of the funds will be utilized to enhance the liquidity of the DNLYC coin and cover exchange listing fees. This will increase trading activity, provide more trading pair options, and offer better buying and selling experiences and opportunities for DNLYC holders. We are committed to building a thriving trading ecosystem for DNLYC, fostering broader market participation and project success
Ecosystem Development: We will invest in the development and expansion of the ecosystem, including collaborations with partners, the development of community governance tools, and the creation of additional use cases for the ecosystem
Team Recruitment and Operational Costs: To support the smooth progression of the project, we will allocate funds for team recruitment, personnel training, and day-to-day operational expenses
Community and Ecosystem
Ecosystem Building
The DNLYC ecosystem comprises the following key components
Staking and Locking: To incentivize early supporters, we have introduced a staking and locking feature, providing holders with a highly effective way to earn more $DNLYC
DNLYC Swap: DNLYC Swap is a cross-chain decentralized exchange protocol based on the AMM mechanism. It allows users to exchange different types of cryptocurrencies within their decentralized wallets and earn transaction fees by providing liquidity
DNLYC NFT: DNLYC will launch NFTs based on diverse Dinar avatar concepts, enabling holders to participate in DAO and community governance
DNLYC DAO (Coming Soon): In order to decentralize leadership and foster community participation, DNLYC plans to distribute decision-making authority across various committees and task forces, focusing on areas such as social media presence, charity initiatives, blockchain development, and crypto education
DNLYC AI Education (Coming Soon): By leveraging the CHATGPT kernel, we are developing Dinar AI Education, an intelligent AI with voice interactions, focusing on children’s education and knowledge transfer
Team and Advisors
Core Team Introduction
Dinar’s core team consists of a group of professionals and experts with experience in the blockchain field. We combine years of experience in blockchain development and operations, with the goal of creating a successful project with DNLYC
Our core team members have a deep understanding of the blockchain ecosystem and possess a track record of delivering successful projects. With their diverse backgrounds and skill sets, they are well-equipped to navigate the challenges and opportunities in the cryptocurrency industry
We are passionate about leveraging blockchain technology to revolutionize the industry and create innovative solutions for token holders and enthusiasts. The dedication and expertise of our team is integral to the success of DNLYC
Advisory Team Introduction
To access a broader range of professional knowledge and strategic guidance, Dinar Technology has enlisted renowned blockchain advisors and investors to join our advisory team. These individuals bring extensive experience and insights from their respective fields, complementing our core team’s expertise
Our advisory team members have a deep understanding of the cryptocurrency market, regulatory landscape, and emerging trends. They provide us with valuable industry insights, offer strategic guidance, and assist us in making informed decisions for the growth and development of DNLYC
With their support, we are able to leverage their networks, tap into their expertise, and benefit from their guidance to ensure the success and sustainability of DNLYC. We are committed to collaborating closely with our advisory team to capitalize on their knowledge and experience in advancing our project
Partnership Relations
We will establish close partnerships with various entities to drive the success of DNLYC. These partnerships include, but are not limited to
Technology Partners: We will collaborate with blockchain technology companies, smart contract developers, and other technical experts to advance the technological development and innovation of DNLYC
Exchange Partners: We will work with well-known cryptocurrency exchanges to ensure the liquidity and accessibility of DNLYC coins, providing users with a wide range of trading options
Ecosystem Partners: We will cooperate with other ecosystem projects to create a complementary ecosystem that offers users a variety of services and application scenarios
Media Partners: We will establish partnerships with cryptocurrency media, social media platforms, and online platforms to expand the visibility and influence of DNLYC
Incubators and Investment Institutions: We will collaborate with incubators and investment institutions to seek support and resources, fostering the growth and expansion of the DNLYC project
We believe that by building extensive partnerships, DNLYC will gain increased support and opportunities, leading to long-term growth and success. These partnerships will enable us to leverage the strengths and expertise of our collaborators, fostering a thriving ecosystem and enhancing the overall value proposition for DNLYC users
Security and Compliance
Security Measures
Dinar Technology is committed to providing a secure trading environment and safeguarding user funds. We will implement the following measures to protect user assets
Rigorous Contract Audits: The DNLYC coin contract will undergo professional security audits to ensure the reliability and safety of the contract code
Multisignature Wallets: Project funds will be stored in multisignature wallets to ensure the security of funds and prevent single point of failure
Security and Compliance Monitoring: We will collaborate with professional security and compliance teams to continuously monitor and assess the platform’s security, taking timely preventive and corrective measures
Compliance Requirements
Dinar Technology will comply with local laws and regulations and maintain close cooperation with regulatory authorities. To ensure platform compliance and mitigate potential fraudulent and money laundering activities.
Risk Disclaimer
Before investing in and participating in the DNLYC project, please consider the following risk factors
Market Risk: The cryptocurrency market is highly volatile and unpredictable. Coin prices can be influenced by various factors, including market demand, competition, regulatory changes, and more. Investors should carefully assess the risks and make decisions based on their risk tolerance
Technology Risk: Blockchain technology carries certain technological risks, including but not limited to network attacks, smart contract vulnerabilities, and security issues. We will implement appropriate security measures to protect DNLYC’s technical infrastructure, but risks cannot be completely eliminated
Legal and Compliance Risk: The cryptocurrency industry is subject to regulatory oversight in different countries, posing compliance risks. We will collaborate with legal experts, comply with applicable laws and regulations, and strive to ensure the compliance of the DNLYC project. However, the legal environment can change at any time, which may impact the project
Execution Risk: Despite our best efforts to drive the implementation of the DNLYC project, there are still execution risks. The project’s success relies on the team’s capabilities, market acceptance, and other factors. Investors should acknowledge that various challenges and uncertainties may arise during the project execution process
Crowdfunding Risk: DNLYC’s issuance and distribution will be conducted through crowdfunding. Investors may face risks during the crowdfunding process, including but not limited to fund security and the project’s inability to meet expected goals. Investors should carefully assess the investment amount and understand the associated risks
The above risk factors serve as examples, and actual risk factors may be more complex and diverse. Investors should independently evaluate the risks before participating in the DNLYC project and make informed decisions based on their own circumstances
Conclusion
DNLYC is a community-driven coin that focuses on and aims to become a coin for everyone on the blockchain. Through community engagement, coin earnings, and innovative features, we strive to build a thriving ecosystem and collaborate with partners to drive project development and innovation
Our goal is to become a leading community coin on the Binance Smart Chain (BSC), providing rich application scenarios and interactive experiences in NFTs, DeFi, gaming, and other fields. With our vision, advantages, and development plans, we believe DNLYC will bring users a unique and valuable experience
We welcome everyone interested in the DNLYC project to join our community, participate in discussions, contribute ideas, and grow together. Let’s work together to make DNLYC a unique and successful blockchain project
Risk Disclaimer: Investing in cryptocurrencies carries risks, and investors should carefully assess and bear the risks themselves
Disclaimer: This whitepaper is for informational purposes only and does not constitute investment advice or any form of contract. Please conduct your own research and due diligence before making any decisions