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Dvein

DDK Price

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Hello Admin,

 

Before I ask my question, let me say something first.

I understand about the open market, where the price of a coin (Bitcoin, Ehtherum, USDT) goes up and down due to demand by the people.

I understand why the need to change of the system from ETPS to DDK.

I understand how the DDK works.

 

But why I dont understand is, why during the migration, our Dinar (0.9) or 1 Dinar is being convert to 1 DDK?

Does the beginning of DDK, the price is same as Dinar?

 

Please provide me the explanation.

 

Thank you

Sincerely.

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Hello Admin,

 

First of all, thank you for the reply.

I had seen the thread on that matter.

 

I believe the question is different for that.

My question is, why 1DNC is being treat same as 1DDK?

 

Thank you

Sincerely

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Overall DDK has better technology than DNC. In crypto world, time is an essence. Patience is virtue. If you have been trading crypto, you will understand what i'm saying.

Edited by saifulpol

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Yes, I understand it.

I have been trading crypto over a year now.

 

Just what I am not understand is, why our 1DNC is being treat as 1DDK?

If lets said, DDK start off from 50 USD, shouldn't we should get at least 3 to 4 DNC depends on the price of the DNC?

 

I am not saying anything about the change from DNC to DDK nor why we need to change the system, I am also not saying why the DDK goes up and down as I understand crypto trading.

It just that, why make lets said 100 usd price equal to 1 usd?

Lets said a person, give you 100 USD to borrow, then you return it with 1 USD expecting the 1 USD will increase its price to 100 USD, does it sound fair?

I know this is not forex, but the concept should be the same and easier to be understand.

 

In the future, either the DDK goes up or down, I don't care, but shouldn't we should receive the amount we paid equal to the price of the DDK in the time the token is being convert.?

I just don't understand what is your judgment to convert the 1DNC to 1DDK?

 

Thank you

Sincerely

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Hi Devein,

I envy you for having to experience trading for a year now and you have a deep understanding on the volatility and the factor affecting the cryptocurrency prices. Having been exposed in trading for only a few months, I see the whole lot opportunities especially now that DEFI  is the new ICO. We are glad that the same road will be track of DDK Blockchain with the release of the Version 2.1 soon.

On the other hand, i guess the simple answer to your question is that, because it was set to be like that, that during the migration 1 DNC  = 1 DDK. Maybe confusion lies whenever we convert both with USD, MYR, PHP, SGD, IDR, VND and any other fiat currency. Maybe the right question is, what if DDK is currently priced at 300 USD? Would we ask the same question of why 1 DNC = 1 DDK? I guess we can consider this as a rhetorical question.

The we go back to the comparison of the two if we are actually at the losing end or we are just missing the true opportunity of DDK that is why we try to go back at looking at the fiat equivalent of it all.

 

FAQ.png

 

DNC (Dinar Coin), is a digital asset pegged to the value of 4.25 grams of 999.9 Karat Gold. It was set like that and the one who set is the  central body who is the management. A lot gained in that process and gains are through an automated and self-generated system, which basically is centralize. On the other hand, DDKoin is created with DDK Blockchain through a smart contract and no one can control what you will do with the asset and no one will tell you what price would you like to sell it. You can even set 1000 USD in the exchanges. Things is DDK can be more the DNC equivalent pegged value but since you mentioned that you understand the factors affecting price, maybe we should all help to educate others to value their DDK. We can educate them how to trade, educate them what is blockchain and cryptocurrency and let's all start cancelling sell orders and start putting first 200 USD to make it equal to a pegged price of DNC then rally 300 USD to make us all blessed and leave the past of DNC behind.

With your acquired knowledge, I guess the table above is quite self-explanatory and will give as hope of the future.

Cheers mate!

Co-SH

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In addition to that, this statement "In the future, either the DDK goes up or down, I don't care'" saddened me personally. The community, more than anyone else, should care of the current and future of DDK. They should be the fuel powering the blockchain and revealing the true value of DDKoin. By doing that, the SH will benefit to all the hardwork and passion of the founder to help a lot of people in providing financial freedom.

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Thank you for the explanation.

 

The reason I said, I don't care either the price goes up or down is because, all the answer that I had receive till now, is all about, the price will goes up, for now the price is low because of this and that. Also the reason we need to change the system and so all. So that is just to point out that, please don't talk about that anymore. As I said, I understand why the price goes up and down. I understand why the system need to change. I had been buy bitcoin, ethereum and ect for this past couple month, and believe me I understand the feeling of the price goes up and goes down every time.

 

It just that, the barter system is just not correct. Sure you can ask,  what if DDK is currently priced at 300 USD? Its true it will be great for all the people who have it. But for now it just not correct. If the starting price is USD 100 and 1DNC is 100 USD, then we can accept it is indeed 1DNC equal to 1DDK. Then from there, if it goes down, then that is the fate of cryptocurrency price. If it goes up then it will be great. I understand we have a lot of community. It just that, the starting point is not very fair.

 

I believe people who buying the DNC and then getting DDK which the starting point not equal to what they paid for it, are getting disappointed about it. First off all, not enough explanation about the price and everything. Yes, I read the document from 1st page to the last page and either I am missing the word explaining the price of the DDK or what I dont know. But I dont see it. I believe people selling it, because of feeling disappointment from the beginning. Not all people understand the detail of the background about cryptocurrency, why the system need to change or what, it just that, the feeling or hope when they buy DNC is not reflected with DDK. In the beginning when they getting the DDK they already lost from that. You guys cannot blame them from feeling like that as that is a fact. When they buy DNC at 100 USD what they getting from the starting point is 1DDK which is start at 31.07 USD (This is from the history I can find about DDK highest price from internet. Correct or wrong I dont know). Nobody in the world really like that, paying for what is not the value of it.

 

So the conclusion from this question is, there is not judgement or what so ever, but just the feeling/hoping from admin, the price of DDK will increase to the price of DNC.

 

Sincerely,

Thank you.

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On 8/27/2020 at 2:08 PM, Dvein said:

Hello Admin,

 

Before I ask my question, let me say something first.

I understand about the open market, where the price of a coin (Bitcoin, Ehtherum, USDT) goes up and down due to demand by the people.

I understand why the need to change of the system from ETPS to DDK.

I understand how the DDK works.

 

But why I dont understand is, why during the migration, our Dinar (0.9) or 1 Dinar is being convert to 1 DDK?

Does the beginning of DDK, the price is same as Dinar?

 

Please provide me the explanation.

 

Thank you

Sincerely.

No the price is not same as Dinar.

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On 8/29/2020 at 2:22 PM, Dvein said:

I know this is not forex, but the concept should be the same and easier to be understand.

Can you explain how the concepts can be same? 

 

 

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