Dalecoin is an ERC20 token built on the Ethereum blockchain, made to be a payment market with 1 million maximum supply and 400,000 circulating supply.
The Dalecoin group has recently released various updates showing continuous progress from the Dalecoin ecosystem like listing in more than 4 centralized as well as decentralized exchanges, cooperation and partnership with various other blockchain systems, adding to Blockfolio and various pockets such as Coinomi wallet.
What Is Dalecoin?
The programmers of “Dalecoin” state that it is a token for a decentralized method of learning Cryptocurrency trading, investment and also doubles as a payment token has thrilled investors, position traders and all who are holding Dalecoin token with various packages and freebies for those who are qualified for the next monthly distribution/airdrop. These packages include Android tablet computers, smartphones, Dalecoin branded T-shirts as well as other souvenirs.
How To Participate In Dalecoin
10,000 tokens will be deducted from the reserve token of 400,000 monthly and distributed to specific token holders. The maximum that can be deducted to be shared for free is 50,000 tokens and this is going to be a function of the supply and demand.
Holders should have this specific amount sitting inside their private wallets: MEW, imToken, Coinomi or some other ERC20 compatible pockets on or before the 5th of every month to become qualified. The record of this qualified address shall be said in the 5th of each month. Any speech holding any one of these figures after the 5th each month will not be qualified for the free distribution.
The tokens have to be left sitting in the wallet in the 5th to the 28th of the month. No Dalecoin transactions must happen on those addresses between this period of 5th to the 28th, else they will be disqualified. After an audit of all engaging addresses around the 28th of every month, then disbursement shall commence immediately.
3rd Phase Of The DALC Token
The next/third phase of DALC token supply will be coming up in November 2017. If one would like to take part in the free distribution, ensure to have the exact amount mentioned previously sitting on your private wallets on or before the 5th of November into the 28th of November and subsequent months likewise.
Dalecoin tokens are currently available on Cryptopia, Coinexchange, Mercatox and Etherdelta. The developers are currently working on getting it recorded in larger exchanges.
It’s important to keep in mind whether there aren't any un-allocated dale coins remaining after the distribution of the 10,000 tokens, it will be returned straight back to the book address. E.g if only 6,000 token was shared subsequently the equilibrium of 4,000 will be returned back to the reserve address.
Dalecoin could be seen to offer an attractive investment opportunity for first time buyers, even if they do not have experience in trading virtual currencies or ICOs. A complete investment prospectus can be downloaded from Dale Coin's website for free of charge.