DragonBite is a truly open-loop 🎄 decentralised wallet to manage 🎄 all digital assets, including Loyalty 🎄 points, E-vouchers, E-Coupons, Air-mileages, In-game assets and Cryptocurrencies. DragonBite has directly 🎄 connected with Crypto Exchange via a licensed 🎄 payment gateway. The whole operation is powered by a hybrid IT architecture, i.e. partly on-chain and partly off-blockchain.
On-chain 🎄 engine consists of DB BITE (BITE) and BITE Point (DBP).
BITE, which has limited 🎄 supply, will be created during the token 🎄 generation event, and it will be traded in Crypto 🎄 exchange. Merchants, who utilizes DragonBite platform to provide loyalty program and promotion 🎄 activities, will be charged in the form of BITE. On the other hand, every wallet user and partner, who participate in trading 🎄 activities or make contributions to DragonBite ecosystem, will be rewarded with BITE. BITE holder, who will be rewarded from staking BITE, can also use it to bid valuable 🎄 asset in our auction 🎄 platform. We intend to provide sufficient 🎄 incentive to any active user to do asset 🎄 conversion, member referral and business referral. BITE can be used to access the privileged 🎄 services, to exchange BITE Point, to pre-pay DragonBite card and to purchase 🎄 coupons.
BITE Point is our universal 🎄 loyalty token, acting as a medium of exchange among digital 🎄 assets. It is pegged 1:1 to the U.S. dollar, so digital assets will have less 🎄 volatile conversion rates. All reward 🎄 exchange transactions will convert to BITE Point first for security and transparency 🎄 improvement.
In the future, DragonBite will deploy Non-Fungible Token (NFT) to handle rare 🎄 asset bidding in auction and delivery 🎄 process for our customers. New bidder can also access our blockchain and check the asset trading 🎄 history and detail. The NFT enabled trading transaction can further be 🎄 protected by our crypto escrow payment service & API to reduce any risk or fault. Therefore, DragonBite platform can support trading extremely 🎄 rare gaming asset online.
All other transactions, including redemption 🎄 of points at the point of sale, the loyalty program specific 🎄 transactions and the E-voucher issuances are handled at the back-end server without the blockchain. Ensuring sufficient 🎄 protection to our wallet users and partners, our Chief Technology officer will manage 🎄 regular security of both on-chain and off-chain components to make 🎄 sure which are properly 🎄 audited and protected.
The most importantly, DragonBite will take good 🎄 care of your valuable 🎄 digital assets all the time. Please goto our website www.dragonbite.asia to find out more.