DragonBall Finance: A Fully Decentralized Yield Farming Platform With a DragonBall Theme

Decentralized Finance (DeFi) products, including Yield Farming and Staking, have become more and more saturated. DragonBall Finance is set out to solve this current problem plaguing the BSC DeFi space by providing innovative DeFi products and issuing tokens with an actual use case.

By
Wilfred Victor
on
April 23, 2021
Category:
BSC News


What is DragonBall Finance?

According to the protocol whitepaper, DragonBall Finance is the first fully decentralized all-in-one BSC DeFi platform that brings a unique theme in the current boring food-themed BSC DeFi ecosystem.

DragonBall Homepage

The platform will implement several platform and product features in attempts to ensure the platform’s sustainability in the long term. The team aims to build a strong and quality community alongside their protocol that generates sustainable profit for its users. The platform will implement Layered Farming, initiate farming and pools, buyback and burn mechanisms, and remove the migrator function from the codes.


Key Features

  • Layered farming
  • NFT marketplace
  • Launchpad
  • Gaming
  • Casino
  • Charting Tool 


Project Components

The platform will distinguish itself from other BSC-based platforms offering farming and pool services without completely diluting its native tokens. The team will implement the following features in the protocol;

Layered Farming: As an addition to the Yield Farming and Stake pool comprising mainly DBALL LP pools.

DragonBall Farm comprising mainly of DBALL LP pool

The platform also has a high-risk and volatile Layered Farm system. It comes with a deposit fee of 7% and a high APR for risk-inclined investors. Users are strongly advised to do their research before switching over to the Layer 1 Farming pools.

DragonBall Layer Farm

Simply connect your wallet to the platform and approve the contract to join the pool.

DragonFinance AMM protocol for LP, Bridge, and Swap Actions

3 WAYS TO EARN SENZUX ( X representing the Layer number, e.g., Layer 1)

  • Stake DBALL or SENZU(X-1) to get SENZU (The DBALL deposit fee will be burned)
  • Stake SENZUX-BUSD / SENZUX-BNB / Tokens to get SENZUX
  • Staking SENZUX to get MORE SENZUX  

The platform integrated GooseDefi’s Dex and AMM protocol to create seamless swaps and liquidity provision. Users can connect the exchange to provide liquidity to take part in the pool.

Users can find more details about Layered Farming HERE.


NFT Marketplace

DragonBall also plans to launch its NFT marketplace for NFT issuance, and an open marketplace to trade and participate in the growing NFT economy.

DragonBall NFT coming soon


Gaming, Launchpad, and Lottery Systems

An extended means of earning for platform users will be integrated in the future. 

The gaming and lottery system is planned and is yet to be activated, and the launchpad platform will help upcoming projects raise funds in the future.

Much of the project features are currently pending, including the Chart Tool that helps users make good trading decisions and understand the technical analysis of their favorite tokens.

Smart Contract Risk

Successfully Audited by Techrate

Techrate has successfully audited the platform token codes, one of the blockchains leading audit firms, check the report;

While audits provide added security, it is important to note that they do not insure use safety. Audit firms scan for the most apparent and common smart contract risks and do not always find all vulnerabilities in the code.

Tokenomics

The platform issued two tokens with different properties. 

  • DBALL the native ecosystem tokens
  • SENZU reward tokens for Layer Farmers


DBALL Tokenomics

Name: Dragon Ball Token $DBALL

Initial Supply: 410,000 $DBALL

Total Supply: 1,370,245 $DBALL
Token Address: 0xceB2f5e9C7F2D3BCd12A7560D73c56f3396af3F9

Masterchef: 0x8cf7044DDedbE502892B120aAf8692FeCFb71420

Timelock: 0x8276A5ad1Cfa448bb586cCB79abf70884D854A5b


Distribution

  • Farmers - 95% of the rewards per block
  • Daily emission - 144,000 $DBALL (based on 28,800 blocks per day)
  • Devs & Incentives - 5% of the rewards per block 
  • 10% Saltswap fee, 30% to liquidity(LP burned), 60% to project funds (dev expenses, hiring coders team members, marketing, partnership, audits, etc.)
  • Fees - 3% deposit fee and 2% withdraw fee to purchase DBALL on the market and burn them periodically.

More details of DBALL tokenomics and distribution are detailed HERE.


SENZU Tokenomics

Name: Senzu Token $SENZU

Initial Supply: 1 SENZU

Total Supply: 7,557 SENZU

Address: 0xcBA1813Ede683333020cedea7C3b63FbaC28e78e

Masterchef: 0x48F4eC8AD1cb16fB45f75733BFF41b4BE7f49B00 

Timelock: 0xac0654F862268C29FeBfe60122164c46b246E961


Distribution

  • Farmers - 95% of the rewards per block
  • Daily emission ~ 1120 $SENZU (based on 28,800 blocks per day)
  • Devs & Incentives - 5% of the rewards per block
  • Fees - 7% deposit fee on the Layered Farming platform to purchase DBALL and SENZU on the market and burn them. It is effectively reducing the supply over the long term! 

Further details about SENZU Tokenomics and Distribution can be found HERE.


Roadmap

  • Coingecko and Coinmarketcap Listing
  • Marketing and Contests
  • Develop Layered Farming
  • Develop Lottery 
  • Hire a professional artist to develop NFTs
  • NFTs Marketplace Development
  • Partnerships 
  • DragonBallFarm Launchpad
  • DragonBallFarm DEX
  • Games
  • Charting Tool
  • Building FAAS 
  • More Partnerships
  • Polkadot Interoperability

The most promising roadmap plan outlined is the Polkadot interoperability in the platform’s future; achieving cross-chain connection will be very beneficial to the platform and its users.

Launchpad, gaming, and charting tool give more use cases to the platform native tokens as access to these features will be only through spending your DBALL tokens. There are a ton of things to deliver on this roadmap and if the team can deliver it will bring tons of innovation to the platform.


Final Thoughts

An actual DeFi project based on the Binance Smart Chain (BSC) network with a use case for its project tokens is becoming rare. DragonBall Finance aims to different from the food-themed projects with its novel DragonBall theme. The protocol aims to further set itself apart through the innovations listed on its roadmap. Once delivered, DragonBall Finance could be one of the leading Yield Farming platforms on the BSC/

DragonBall Finance

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Users who wish to learn more about DragonBall Finance should check out the following resources and media pages:

Website

Twitter 

Telegram

Medium

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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

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