DionCoin is connected with the existing point systems, such as mileage and game reward. In order to realize mileage cryptocurrency based on blockchain, the existing mileage reward concept is combined with cryptocurrency technology. This combination between cryptocurrency and the existing mileage reward systems, based on blockchain, provides a certain utilization model because mileage distribution enterprises will provide DionCoin as mileages to their customers. Unlike, usual mileage, DionCoin can be accepted to use over national boundaries and a variety of places by using cryptocurrency exchanges.
DionCoin is not stable coin and security tokens. Meanwhile, enterprises of Dionpay partners can improve their images to high technical industry enterprises with the existing management cost of mileage marketing systems. Also, enterprises can maximize the satisfaction of customers because they can use mileages in any places around world unlike other mileages. Furthermore, enterprises can maintain stable accounting system of mileage by using DionCoin platform, because mileage accumulations, which can be considered as debts, are not generated in the traditional mileage systems, due to the independence against mileage distribution enterprises.
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Background of DionCoin
In 2009, bitcoin has been introduced as a cryptocurrency. In 2019, the total number of cryptocurrencies listed on exchanges, is about 2100. For the last 10 years, the industry of cryptocurrencies has been exponentially grown. It is difficult find cryptocurrencies, which can be used in the real economy because many developers have overlooked roles of currency for cryptocurrency. Although technologies of the existing cryptocurrencies are very fancy, they have not been used as currencies, even bitcoin. In order to realize cryptocurrency to be used in real life, DionCoin has been begun with these considerations.
Hybrid Crypto Game Portal
Concept of hybrid crypto game portal platform is illustrated. The proposed platform will support network play, reward systems, user rank systems, game rank systems, game leaue, fund for game development, item market and coin payment. Users can play more than 50 games on the proposed platform. Dionpay wallet is connected with the proposed platfrom, Users can get DionCoin on the proposed platform by playing games.
DionCoin have been created by using EOSIO, which is a free, open-source blockchain software protocol that provides developers and entrepreneurs with a platform on which to build, deploy and run high-performing blockchain applications. Diontoken.cpp and Diontoken.cpp files are created by technical members of Dionpay. DionCoin uses EOS main net which provides the faster TPS with zero fee. DionCoin have been deployed and issued by dionpaydteam as shown in EOS blockchain explorer. DionCoin cpp file is based on this code.
Blockchain of DionCoin
In order to use DionCoin as mileage and game points, transaction fee cannot be allowed since the amount of mileage is usually very small that it is even smaller than transaction fee in the existing blockchain such as bitcoin and Ethereum. Since mileage is used for buying products or services in existing mileage systems, faster TPS can make many advantageous for payment systems. EOS blockchain provides not only the faster TPS but also free fee for transaction. Therefore, EOS main net is very attractive to DionCoin.
DionCoin exclusive wallet, which is Dionpay wallet for storage and transaction of DionCoin, on mobile version. The developed Dionpay wallet will provide switching system between
mileages and DionCoin for customers. This is special function for Dionpay wallet. Users will have new experiences though this function of Dionpay wallet. DionCoin exclusive wallet will offer an efficient management system for both of enterprises and customers. A switching layer between mileages and DionCoin is one of the main technologies because users and enterprises can transfer DionCoin by using this layer.
The existing mileage business model is illustrated. Enterprises distributes mileages to customers. Distributed mileage can not be used for buying goods. However, mileages can not be used in exchanges and in digital contents shops in the existing mileage systems. Also, each mileage has expiration dates in order to realize stable mileage accounting management systems.
In DionCoin ecosystems, enterprise does not produce DionCoin, unlike the existing mileages models. When the extinction of DionCoin is happened, enterprises must buy DionCoin in order to distribute DionCoin to their customers. In the case of DionCoin, enterprises can considered as holders for maintaining ecosystem. Therefore, DionCoin can miniaturize losses from the depreciation market though demands of enterprise.
Kim Sung Min, CEO / CTO
An Chungbum, CIO
Baik Seounghan, CMO
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