dKargo Coin: A Blockchain-Based Logistics Network

dKargo Coin: A Blockchain-Based Logistics Network

dKargo Coin (DKA) is a cryptocurrency that is used as the medium of exchange and reward on the dKargo network, a blockchain-based logistics network that aims to solve trust issues among participants scattered in the logistics industry and establish an efficient logistics network based on cooperation that was previously unimaginable. dKargo is powered by the Ethereum blockchain, and leverages its features such as smart contracts, ERC-20 tokens, and decentralized applications. dKargo also collaborates with various partners and platforms, such as Upbit, Gate.io, Huobi Global, and Travala, to provide a comprehensive and diverse service for its users.

 

 

 

 

 

 

 

 

 

Coin Introduction and Features

DKA was launched in 2019 as part of the dKargo ecosystem, which consists of two main components: the dKargo network and the dKargo token. The dKargo network is a peer-to-peer network that allows users to access, manage, and deploy dKargo DApps, which are gamified applications that incentivize and reward logistics participants for their contributions. The dKargo token is a utility token that is used for economic activity and governance on the network. DKA has several features that make it attractive for users and developers of the dKargo network and beyond. Some of these features are:

• DKA is used as the medium of exchange and reward on the dKargo network, which creates a circular economy and a positive feedback loop for the participants. Users can use DKA to pay for network fees, logistics services, and other services on the network. Users can also earn DKA by providing logistics resources, such as vehicles, warehouses, and drivers, to the network.
• DKA is also used as the governance token of the dKargo network, which empowers the community and ensures the transparency and fairness of the network. DKA holders can vote on various proposals and decisions that affect the network, such as the DApp selection, the reward distribution, and the network development. DKA holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the network.
• DKA is compatible with the latest developments and innovations from the Ethereum network, which is the underlying blockchain of the dKargo network. Ethereum provides various features and services that enhance the performance, scalability, and functionality of the dKargo network, such as smart contracts, ERC-20 tokens, and decentralized applications. These features enable the dKargo network to execute and verify the transactions and rewards in a trustless and efficient manner.

 

 

 

 

 

 

 

 

Market Analysis and Trends

DKA has experienced significant price fluctuations in the past, mainly due to the supply and demand dynamics of the dKargo network and the cryptocurrency market. DKA has a maximum supply of 5 billion tokens, which is determined by the inflation rate of the network. The inflation rate decreases every year, until it reaches zero in 2039. The current annual inflation rate of DKA is around 3.5%1. The demand for DKA is influenced by the activity and popularity of the dKargo network, as well as the external factors such as the price of ETH and other cryptocurrencies, the regulatory environment, and the market sentiment.

According to CoinMarketCap, DKA is currently ranked 7357th among all cryptocurrencies, with a market capitalization of not available and a 24-hour trading volume of $7.84 USD. The current price of DKA is $0.006966 USD, which is up 10.07% in the last 24 hours and up 18.3% in the last 7 days. The all-time high price of DKA was $0.0613 on April 12, 2021, and the all-time low price was $0.0008 on March 13, 2020.

The price trend of DKA is largely correlated with the price trend of ETH, which is the main driver of the dKargo network and the DKA generation. ETH has also experienced significant volatility in the past, reaching an all-time high of $4,362.35 on May 12, 2021, and an all-time low of $0.4209 on October 21, 2015. The recent price movements of ETH and DKA have been influenced by several factors, such as:

• The recovery of the cryptocurrency market in 2020 and 2021, which was driven by the increased adoption and innovation of Bitcoin, Ethereum, and other altcoins. The cryptocurrency market reached a new all-time high of over $2 trillion in April 2021, which boosted the demand and price of many cryptocurrencies, including ETH and DKA. The market also witnessed increased volatility and corrections, which affected the price of ETH and DKA as well.
• The development and updates of the dKargo network and the DKA project, which aimed to improve the user experience, the security, and the scalability of the network. Some of the recent updates include:
  • The launch of dKargo Plus in March 2021, which is a premium subscription service that offers exclusive content, discounts, and benefits to the users. dKargo Plus costs 9,900 DKA per month, and users can pay with DKA or other cryptocurrencies via the Poly Network.
  • The integration of DKA with various platforms and services, such as:
    • Travala, a leading blockchain-based travel booking platform, which added DKA as a payment option in October 2020, allowing users to book over 2.2 million hotels and accommodations worldwide using DKA2.
    • Bitget, a global cryptocurrency derivatives exchange, which listed DKA in September 2020, enabling users to trade DKA with leverage and low fees3.
    • Upbit, a major South Korean cryptocurrency exchange, which listed DKA in August 2020, enabling users to buy and sell DKA with fiat currencies such as KRW4.

 

 

 

 

 

 

 

Project Updates

The dKargo network and the DKA project are constantly evolving and improving, thanks to the efforts of the developers, the validators, and the community. Some of the latest updates and announcements for the dKargo network and the DKA project are:

• The launch of dKargo Studio in April 2021, which is a content production and distribution company that focuses on creating original and quality content for the dKargo network. dKargo Studio aims to support and collaborate with talented and passionate Web3 creators, and to provide them with a fair and transparent revenue share, audience data, and exposure opportunity.
• The announcement of the dKargo NFT Marketplace in March 2021, which is a platform that allows users to create, buy, and sell non-fungible tokens (NFTs) related to logistics on the dKargo network. NFTs are unique and scarce digital assets that represent the ownership and authenticity of various forms of art, such as receipts, invoices, and vouchers. The dKargo NFT Marketplace will use DKA as the main currency, and will leverage the Ethereum blockchain and the IPFS storage system to ensure the security and efficiency of the transactions and the storage of the NFTs.
• The integration of DKA with Ledger Live in February 2021, which is the official app for managing Ledger hardware wallets. Ledger Live allows users to securely store, send, and receive DKA with their Ledger devices, as well as access other features such as portfolio management, staking, and swapping.

 

 

 

 

 

 

 

 

 

Analysis and Recommendations for Investments

DKA is a unique and valuable cryptocurrency that offers a medium of exchange and reward on the dKargo network, a blockchain-based logistics network that aims to solve trust issues among participants scattered in the logistics industry and establish an efficient logistics network based on cooperation that was previously unimaginable. DKA has several advantages and disadvantages as an investment, which are:

• Advantages:
  • DKA is used as the medium of exchange and reward on the dKargo network, which creates a circular economy and a positive feedback loop for the participants. Users can use DKA to pay for network fees, logistics services, and other services on the network. Users can also earn DKA by providing logistics resources, such as vehicles, warehouses, and drivers, to the network.
  • DKA is also used as the governance token of the dKargo network, which empowers the community and ensures the transparency and fairness of the network. DKA holders can vote on various proposals and decisions that affect the network, such as the DApp selection, the reward distribution, and the network development. DKA holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the network.
  • DKA is compatible with the latest developments and innovations from the Ethereum network, which is the underlying blockchain of the dKargo network. Ethereum provides various features and services that enhance the performance, scalability, and functionality of the dKargo network, such as smart contracts, ERC-20 tokens, and decentralized applications. These features enable the dKargo network to execute and verify the transactions and rewards in a trustless and efficient manner.