Whitepaper
Welcome to the white paper of DIFERENCIAL
The cryptocurrency market is paving the way for a better future. The blockchain technology that lies at the foundation of digital assets has been implemented in numerous projects in various fields. With this technology, we have been able to improve various industries and services, reaching a new era of prosperity and development.
Bitcoin is not only the prototype of all cryptocurrencies, but also the real driving force behind the entire crypto market. #DRL’s goal is not to copy the leading cryptocurrencies in the market or compete with them, but to create a new market centered around the creation and education of a community that can use cryptocurrency in business and everyday life.
Diferencial token (#DRL) is simple and user-friendly. To achieve this, we want to start by resolving the issues and shortcomings exhibited by Bitcoin and other coins. These gaps will be filled by the #DRL token and the #DRL cryptosystem, as well as by the development and implementation of new technologies.
#DRL was created to facilitate the emergence of a real economy in the crypto world, offering mass users without access to the financial market what they can’t get from other cryptocurrencies access to cheap financial instruments and the financial market at large. Fast transaction speed, excellent scalability, and easy implementation into the business will all contribute to reaching this goal. #DRL will be working with partners in creating its own comprehensive payment mechanisms, such as debit cards, payment terminals, trading platforms, etc.
Additionally, the goal of #DRL is to help improve the standard of living of people around the world, especially those in the third world countries. This is especially true for people living in developing countries who don’t even have a bank account. We have developed our coin minting technology to raise the general standard of living. This program makes it easy for almost anyone to produce diferencial token on their own.
Diferencial token is the ultimate method of expanding the global cryptocurrency community, introducing new and better products, and creating a shared hope for the entire crypto market to leave behind complex outdated solutions like mining, turning the world towards the profitable and easy use of cryptocurrencies in everyday life and business.
Advantages of cryptocurrencies as a means of payment
The crypto payments market is the fastest growing industry.
The crypto payments market is projected to grow with the highest CAGR from 2024 to 2030.
Cryptocurrency payments have several advantages:
- increased transaction security
- protection from fraud
- decentralization
- low commissions
- protection against chargebacks
- fast international transfers
- tracible link of payment – transaction hash (TH)
These factors are driving the acceleration of the adoption of cryptocurrencies.
Market Dynamics
The technology’s uncertain regulatory status is the main constraint on its development. At present, the lack of uniform regulatory standards and the associated uncertainty are among the main constraints preventing the widespread adoption of cryptocurrency.
Distributed ledger technology continues to raise several questions from regulators and policymakers, both at the national and international level.
Opportunity
Significant growth opportunities in emerging and developed markets Emerging economies (such as Nigeria, India, China, and Brazil) as well as developed economies (such as the United States, Germany, and Japan) are expected to provide significant growth opportunities for companies and projects operating in the line of cryptocurrency market. According to analysts’ forecasts, the adoption of cryptocurrencies will be facilitated by several factors - including the speed of transfers and low commissions.
Problem
Concerns about security, privacy, and control Cryptocurrencies have the potential to revolutionize peer-to-peer transactions and money transfers. However, this requires solving several security, privacy, and control issues. Because all cryptocurrency transactions and payment data are reflected in the blockchain network, there is a high risk of hacker attacks and fraud. Another serious problem in the implementation of cryptocurrency payments is the issue of confidentiality in a distributed public ledger.
Diferencial token project, its mission, and prospects.
Mission
Diferencial token is a cryptocurrency created with blockchain technology to solve the problems of online payments.
Our goal is to ensure that everyone can easily gain access to cryptocurrencies, using #DRL not only to buy anything, anywhere, but also producing #DRL coins on their smartphone. The user is the sole owner of their token. They can freely produce, spend, transfer, store, inherit and perform any other operations cheaply, quickly and safely.
In the Diferencial token cryptosystem, through the development and implementation of new technologies, gaps and shortcomings in the concepts behind Bitcoin and other coins we wish to take it into account and do our best for it to be corrected. At the same time, we aren’t competing with other coins in the existing market, but creating our own market, where we plan to firmly occupy the leading position.
At the same time, Diferencial token intends to become the main point of entry for many people into the crypto space at the early stage. Fast transaction speeds and low volatility risks will make the token attractive. #DRL offers instant transfers to anywhere in the world without intermediaries, with round-the- clock real-time operation, system safety and security, independence, complete anonymity, and free conversion of #DRL into fiat funds and other coins. Complex payment mechanisms such as debit cards, ATMs, etc. will provide a suitable large-scale payment method for its investor.
Diferencial Token community
The Difrencial token team is consistently working to create cryptocurrency for mass use. In solving this problem, the project community plays a huge role as one of the decisive factors.
Together with our community members professionals and ordinary users, experienced members and novices, business process participants, service and product providers join their forces to develop the community every day and motivate even more people to discover the world of high tech. Diferencial token and it community is a huge Ecosystem where everyone really wins.
Over the next couple years, #DRL community tends to increase its value and utilities, which will raise the exchange rate to at least €10 per token.
Diferencial token blockchain – based solutions (FUTURE PLANS)
Diferencial token (#DRL), will have its own blockchain. The type of blockchain, it basic parameters, consensus building method etc., will be announced as the project proceeds. Our intention is to correct several difficulties encountered to in blockchain technology.
The system of blockchain that will be used on building Diferencail token blockchain will be chosen from one of the 4 main type of blockchain technology in existence.
4 main types of blockchain technology
Diferencial token and technologies
#DRL Framing Overview
1. Mining
a) Proof of Work (Pow) Mining
- Mathematical theory to validate transactions on blockchain to earn rewards.
- Representation of mining rigs, hash rate, and blockchain network.
b) Proof of Stake (PoS) Mining
- Description: Depict the process of validating and creating new blocks based on the number of coins held and staked within a cryptocurrency network.
- Visual Elements: Staked coins, network participation, and block validation.
2. Yield Farming
a) Liquidity Provision
- Visualize the process of providing liquidity to decentralized finance (DeFi) protocols and earning rewards in the form of additional tokens or fees.
- Visual Elements: Liquidity pools, token pairs, and yield farming platforms.
b) Staking and Governance
- Illustrate the act of locking up tokens in smart contracts to support network operations and participate in governance decisions while earning rewards.
- Visual Elements: Staked tokens, voting mechanisms, and governance participation.
3. NFT Farming
a) NFT Collection and Trading
- Illustrate the process of acquiring, trading, and earning from non-fungible tokens (NFTs) through platforms and marketplaces.
- Visual Elements: NFT artwork, marketplace transactions, and NFT royalties.
Farming Strategies
Every investment strategy mentioned here essentially operates as a passive income strategy. However, given how quickly things can change in the yield farming world, hunting for the most profitable strategies can often feel like a full-time job, or active income generation. Indeed, there are professional yield farmers who pursue complex strategies to obtain the highest yields. Thus, we can consolidate the approach to yield farming under two arbitrary categories: effortful and effortless.
In fairness, the effort input is more of a spectrum than two rigid categories but let’s use these two for the sake of simplicity. The effortless approach is settling with on-chain opportunities like those mostly present in traditional finance: slow-paced yield farming with a relatively stable, steady, and secure income inflow and without the need for a constant search for better yields. Staking at the protocol level for network security, lending and LPing with stablecoins or high marketcap cryptocurrencies, following some time-tested strategies, and farming on centralized exchanges constitute these opportunities that don’t require investors to stomach high risk or try to come up with elaborate strategies or catch fringe opportunities.
Effortful yield farming, on the other hand, is fast-paced, risk-on, and usually involves a mercenary approach to capital. It requires finesse in managing funds and a certain level of sophistication to navigate both the market and technology-related risks. Activities born through this approach offer lucrative results but demand a higher effort input and risk tolerance from the investor in return. Yield farming with high-risk assets like governance tokens and NFTs, searching for pool 2s, and combining numerous services to further financialize assets are some examples of high-effort farming.
Those who want to become yield farmers must know the differences between the two approaches and pursue strategies that fit their investment goals and risk appetite. Since it’s bear, investors willing to optimize for protection against volatility and minimize application specific risks can refer to our article laying out the best stablecoin strategies for surviving the bear.
Below is a bird’s-eye view of the yield farming space, exploring some of the popular strategies investors can follow.
Please note that some of these strategies may become obsolete with applications deprecating incentives.
Staking
If investors are holding native tokens for chains with inflationary tokenomics, staking may be crucial for protecting themselves against dilution and earning rewards on top. Staking is a relatively more secure way to utilize L1 tokens compared to lending and providing liquidity. One of the leading thought leaders in the industry, Arthur Hayes, goes as far as to call the staked Ether a commodity-linked bond. Here are some of the vanilla staking strategies. Staking native protocol tokens on PoS blockchains to participate in chain security and getting rewards for block validation. Investors who cannot afford to stake at the protocol level can stake ether on centralized exchanges or on SaaS (staking-as-a-service) applications like Lido, RocketPool, or Ankr; stake SOL on Lido or Marinade; stake the native tokens for Cosmos Ecosystem chains like Secret Network, Osmosis, and Cosmos Hub on Kepplr Wallet app (examples can be expanded to every PoS chain) and can start earning rewards on their deposit.
Liquid representations of the staked positions such as stETH from Lido allow investors to use their locked assets in DeFi while contributing to the block validation. A well-adopted strategy for investors can be achieved through wrapping the stETH to wstETH, matching the amount with Wrapped Ether (WETH), and depositing it to Balancer’s wstETH-ETH pool as liquidity, increasing their total earnings.
There is also a variation of staking not related to a technical security feature though one can argue that it contributes to the stability of applications and thus has a role in maintaining network effects and the security of services. Staking application tokens like ILV of Illuvium, CRV of Curve Finance, and BAL of Balancer Finance by locking funds for both financial and application-specific benefits belong to this type of staking. If an investor holds a stackable ERC20 token and doesn’t use it on any other DeFi service, this might be a good way to earn on their assets.
To learn more about ETH staking specifically, check out Nansen‘s guide!
Lending
Investors can lend stablecoins, majors (i.e. ETH and BTC), and alt native tokens (e.g. SOL and AVAX) on decentralized money markets like Aave and Compound, or alternatively, use platforms like Maple Finance and Goldfinch to lend to vetted businesses. There are many lending markets optimizing for different ranges of assets and offering countless on-chain opportunities. However, the more an investor strays further from battle-tested applications the more they need to pay attention to risks. Apart from choosing less popular platforms, another risk-on strategy with decentralized money markets is lending volatile application tokens (e.g. MANA and BAT) If an investor plans to hold a token with the anticipation of an increase in price, it might be better to have these assets work for them rather than keeping them in their wallet doing nothing and probably getting diluted with token emissions or unlocks.Providing Liquidity
Investors can lend their assets to decentralized exchanges, increase the capital efficiency of the platforms, and get a portion of the trading revenues generated on their assets. Although liquidity provision is a vast land with a risk spectrum ranging from one of the safest heavens in DeFi (stablecoin pools) to the most degen opportunities on the market, it also hosts strategies with the most financial upside potential. Here are some of the example’s readers can choose from: Providing liquidity to AMMs such as Uniswap and Sushiswap on EVM-compatible chains and L2 platforms; to Orca, Serum, and Raydium on Solana, TraderJOE on Avalanche, or on application-specific DEX chains like Osmosis and Thorchain. According to Nansen’s DeFi Paradise, Uniswap remains the most preferred pool pby the smart money on Ethereum. Alternatively, providing liquidity to CLOB DEXs like dYdX and Injective Chain or yield farming on option services like Hegic, Opyn, and Dopex.Core Value Propositions
1. Locked Staking for Higher APY:
The lock-up feature allows you to commit your $DRL and $esDRL tokens to respective staking pools for extended periods, leading to a higher APY and increased earnings. We would offer 4 different time frames for you to lock in your holdings: 3 months, 6 months, 12 months, or 24 months. Choose the term according to your preferences, based on your overall investment strategy.
2. Dynamic Reward Calculation:
Staking rewards consider not just your staked assets, but your trading activity too. To ensure that participation in all ways across the DRL ecosystem results in overall higher gains for DRLers, we will designe a staking reward formula that takes your daily trading activity into account.
3. Enhanced Stability and Value:
The implementation of the lock-up feature aims to enhance our Staking Program by offering higher yields and creating a framework for increased stability and enhanced value for the $DRL token, which is crucial for the sustained growth of the project.
4. Suitable for all community members:
Regardless of your trading background and preferences, earn with zero effort, as long as you stake your $esDRL and/or $DRL tokens in their respective pools, on a weekly basis in USDC.
Staking Rewards Calculation
1. Amount of #DRL and/or esDRL Staked.
The amount of #DRL and/or esDRL staked is one of the factors determining your reward allocation. The more you stake, the greater your rewards. You can select the preferred amount of $DRL and/or $esDRL to be staked from your available funds.
2. Time At & Duration of #DRL and/or esDRL Staked.
The 2nd factor contributing to your total yield is the time at which you stake your tokens and the duration you stake them. The updated model in Staking 3.0 offers modified calculations for the Total Staking Factor, a crucial component when determining the amount of USDC rewards that will be allocated to users on a weekly basis.
Diferencial Scholarship
One of the real-time use cases of #DRL is the provision of scholarships for users, more so, deserving ones. The Diferencial token aims to create value in a cryptocurrency world where almost all coins are focused on profits. The DRL community, through these scholarships will be supported, as the funds and resources needed to improve creativity and make their dreams come alive will be provided.
Artists will gain from this scholarship as they can get rewards in terms of funding by creating unique art pieces that can be sold on various NFT marketplaces and in the real world. The income generated is distributed such that a split goes to the artist, part goes to sponsoring more scholarships, and part goes to all #DRL holders. This will benefit the artists themselves, other users, investors, and the cryptocurrency community at large.
Diferencial Fashion
As part of making life easier and more convenient for users, #DRL will have a fashion marketplace where #DRL token holders can order fashion items such as #DRL T-shirts, jackets, sweaters, shoes, and other fashion items with their tokens.
This will not only serve as an avenue for fashion lovers to upgrade their class and be in vogue, but it will also be a source of identity, bringing us closer as a community. This will also give opportunities to members of the community who are fashion designers to show their skills by working with the fashion team and earning with their skills.
Other Use Cases
Asides from the mentioned use cases, Diferencial tokens have other real-life utilities that can help the community grow.Reward For Exercise
Diferencial token holders will be able to get rewarded for their commitment to keeping to their exercise schedule. #DRL’s decentralized app (DApp) will not only have a wallet, swapping, and staking pool but also a dashboard and exercising app functionality. The DApp will be able to track users’ exercises, walking and running, and will be rewarded with Diferencial tokens for various exercises done.
We do not only care about the financial status of our users, but also their lifestyles and fitness levels. Users will be rewarded based on the number of kilometers covered or the number of hours of exercise done. The amount of #DRL tokens will also be determined by the quantity of #DRL tokens they hold in their wallets. The more #DRL tokens a user has, the more tokens they get after exercising
Document Transfer
The use cases of Diferencial DApp encompass all users and organizations such as universities and financial institutions such that they can transfer documents over long distances without delay. The security of our blockchain will enable universities to transfer student certificates across the globe and interact with students on the blockchain without fear of documents being lost.
Furthermore, this will ensure that the integrity and authenticity of the certificates and results are kept as they can’t be falsified on the blockchain. This will also eliminate the cumbersome and resource-draining administrative processes required to send these documents physically. Moreover, documents can be saved on the blockchain for up to three months before they are deleted.
Tokenomics
DRL Token Allocation
Every “buy” and “sell” transaction on the DRL platform generates a 2% reflection distributed among all #DRL holders. Thus, a total burn of 50% of the total supply will be burnt before launch.Tax Distribution and Circulation
Diferencial (#DRL) and security
Establishing the security of any distributed system is an extremely comprehensive and difficult task. We tend to approached this task with great responsibility. Below are the steps that will be taken by Diferencial tokens team to provide an unprecedented level of security in today’s crypto world.
Reliable and tested blockchain
After a systematic and comprehensive analysis of the current situation in the crypto world, the team selected the newest tested and stable version of the well-known “old-timer” Binance Smart Chain (BSC) is a blockchain network launched by Binance in September 2020 as the basis for Diferencial token. It’s a more flexible, fast, secure, and constantly evolving successor to Bitcoin, and Ethereum successfully combining innovations (Segregated Witness, Atomic Transactions, etc.) with network stability and resistance to attacks.
