Ducato Protocol Token aims to develop Blockchain technology, user-centered service, multiple network participants, algorithms. In this article, “What is Ducato Protocol Token?” We will answer the question. In addition, we will touch on other questions about the project.
What is Ducato Protocol Token? What does it do?
Ducato Protocol’s native Token is DUCATO. The token is mainly used by the protocol user to pay various fees. The DUCATO Protocol aims to create a platform that offers Blockchain technology, user-centered service, multiple network participants, algorithm development and decentralized governance. It also claims to be optimized for lending and depositing digital assets. The DUCATO protocol provides cryptocurrencies (DUCATO Token, KRWD) enabling cross-border transfers regardless of financial infrastructure and aims to contribute to the growth of the digital asset finance and payments market. It ultimately helps to establish a decentralized ecosystem called The DUCATO Protocol allows anyone to use their digital assets as collateral to generate KRWD through DUCATO’s smart contracts. These collateral assets deposited by a user can create a leverage effect.
How does it work?
RWD is created based on digital assets deposited by the user in the DUCATO Protocol. When the User wishes to liquidate, he must pay the KRWD originally assigned to them plus the Stability Fee. Once the KRWD and Stability Fee are paid, the user can freely take back their digital assets. DUCATO plans to establish a governance committee and community for transparent operation. Also, DUCATO Token must be issued to participate in governance. DUCATO Token holders have the right to participate in the voting process, especially when the decision-making process regarding changes to the protocol has taken place. It is designed to increase demand as the protocol ecosystem expands.
What is Ducato Protocol Token? How to buy DUCATO?
Currently, the Ducato Protocol Token is traded on a small number of cryptocurrency exchanges. The exchanges where Ducato Protocol Token is traded are listed as follows: MEXC and ProBit Global. These steps are followed to buy coins. People who want to invest in the project should access the web/mobile application of the stock exchange where the project is traded. Next, the exchange must complete the account opening steps. Complete the next step, the authentication and approval process. Follow the steps of the exchange, which is the next step, to deposit funds. As the last step, choose the DUCATO Token with the balance you want and create a buy order. Store it in your trusted accounts.
