Token Economy
The Companion Pet World platform ecosystem forms a token economy mediated by Companion Pet Coin (CPC) and Dog Korea Pay (DKP). CPC and DKP are utilized within the platform as means of value exchange, payment methods for purchasing goods, and as reward mechanisms.
1. Companion Pet Coin(CPC)
Companion Pet Coin (hereinafter CPC) is based on the TRC-20 token standard of the Tron network. CPC serves as the foundational currency within the platform and can be used as a payment method for purchasing goods and services within the platform.
CPC can be purchased through numerous globally-listed exchanges and can be stored and transferred using the self-developed wallet service. Holdings of CPC can be converted into cash through withdrawal or exchanged for other virtual assets through the wallet service of the Tron network, thus serving as an investment asset.
By staking a predetermined quantity of CPC, users can participate in the governance of the platform ecosystem through the DAO, the decision-making body of the Companion Pet Coin ecosystem. The voting rights to express opinions on agendas proposed by the DAO are also granted differentially based on the quantity of CPC held.
CPC serves as a medium connecting the products (services) and assets within the platform ecosystem, as well as between users and products, users and users, and ultimately between the platform and users. It functions as a means to maintain and sustain the platform ecosystem in a circular structure, enabling the platform to establish and maintain such a structure. Additionally, CPC becomes essential as the platform expands its business scope and service scale to the global market.
2. Dog Korea Pay(DKP)
Dog Korea Pay (hereinafter DKP) serves as the primary payment method within the platform and acts as a crucial intermediary connecting various components of the platform ecosystem. DKP is utilized as the fundamental means of payment and transaction within the platform for users engaging in consumption activities when utilizing the diverse services offered.
Users can acquire DKP by joining the platform through cash or card purchases, and the purchased DKP can be stored and managed through the wallet service provided. Held DKP can be exchanged for CPC via the exchange system supported by the wallet service, allowing users to utilize them in virtual asset trading.
DKP can also be obtained through rewards according to the operational policies within the platform. Users within the platform receive DKP as compensation based on their contributions to platform activation, including transaction records, comment postings, and product recommendations. DKP obtained through rewards can be exchanged for CPC based on the exchange rate determined by internal operational policies. The exchange rate between DKP and CPC stands at 1:1, ensuring they hold equivalent exchange values.
※ For more detailed information about DKP, please refer to the 'Platform > Rewards System'.
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