digital dollar blockchain

Purpose:

- Lead the Blockchain Industry with a rigious compliance and regulatory model through audits, insurance, risk management, and disclaimers that are required and published for public confidence.

- Provide a safe environment for developers launching contracts on the DDBC platform. This ensures the safety and security of all transactions on the platform while promoting the development of beneficial projects.

- Normalize Digital Dollar (DD), a stablecoin backed 1 DD for $1 with USD, DD is minted and distributed by the DDBC and the paired USD is locked in an Entity Fiat Debt account at DDFCU. When USD enters the Debit Account, and equal amount is minted on the DDBC for the Member. Anytime a Member wants to leave the DDBC, their DD is burned, and an equal amount of USD is deposited into the Member's Debit Account.

The Digital Dollar Blockchain Company (DDBC) has established rules to ensure the safety, security, and transparency of its platform. The rules are as follows:

1. DD is not allowed on any other blockchains. This is to prevent fraudulent activity and maintain control over the currency. Cross-chain transfers must convert DD to USD prior to transfer through WealthWallet.

2. No uncollateralized loan smart contracts. This rule ensures that all smart contracts have appropriate collateral and reduces the risk of default.

3. All Smart Contracts must be approved, audited, insured, assigned a risk rating, and displayed on the associated websites. This ensures the safety and security of all transactions on the platform.

4. All contracts must provide some type of agreed upon coefficiently beneficial value to the DDBC ecosystem. This rule encourages the development of projects that are mutually beneficial to the DDBC ecosystem and its users.

5. Contracts may be private, but during the audit, they must confirm that they are safe, and the functions outlined are the only ones that exist. This rule ensures the transparency and integrity of all transactions on the platform.

These rules ensure that DDBC provides a safe, secure, and trustworthy platform for its users while promoting the development of mutually beneficial projects that enhance the overall DDBC ecosystem.

Native Token

Karma is a native token utilized on the Digital Dollar Blockchain Company's (DDBC) platform. It is a token that holds no monetary value and cannot be bought, sold, or transferred. Karma is used to reward nodes and validators for their contribution to the platform. In addition, Karma is utilized as a gas fee for transactions on the DDBC platform. Karma is distributed to all parties involved in a transaction, beginning from the first account/contract and continuing for every future transaction. This process ensures a constant minting of Karma. Karma provides users with clout, granting them VIP access to mint certain NFT collections and attend exclusive events.

Digital Dollar (DD)

The Digital Dollar (DD) is the primary asset on the Digital Dollar Blockchain Company's (DDBC) platform. DD is a digital currency that is backed one-to-one with the US Dollar and is always fully collateralized with fiat currency. All of the fiat currency that backs DD is held in reserve at the DDFCU, ensuring the transparency and security of the currency.

Whenever a purchaser deposits fiat currency into a CU account, DDBC is notified, and it mints the equivalent amount of DD, which is then delivered to the purchaser's wallet. In the event that a purchaser decides to sell their DD for fiat currency, the DD is burned, and DDCU is alerted to release the appropriate amount of cash into the purchaser's CU account.

This system ensures that the value of DD remains stable and predictable, while maintaining full collateralization with fiat currency. DD provides users with a reliable, secure, and convenient digital currency that is always backed by the US Dollar.

The Digital Dollar Blockchain Company (DDBC) provides incentives for its smart contract auditors and other reviewal team committee members to ensure the safety and security of the platform. The incentives are as follows:

1. A share of the revenue from the contract they reviewed. This incentive ensures that smart contract auditors and review team committee members are motivated to perform thorough and accurate reviews of contracts on the platform.

2. In the event of a future failure, there are fines and a re-assigning of the revenue shares for the given contract. This incentivizes smart contract auditors and review team committee members to ensure the safety and integrity of the platform, as they share responsibility for any future failures.

Connection Details: Test Live

Step 1: Connect to either Metamask or Keplr

EVM: Add RPC Network to MetaMask - ddbc.dev | ChainID: 7777 | Then visit: KYC: https://kyc.ddbc.dev

Cosmos: Visit: KYC: https://kyc.ddbc.dev and connect Keplr

Your account will have to be "test" KYCed. Email support@digitaldollarblockchain.org to be approved to transact, receive Karma, and be able to launch Smart Contracts (which the DDBC will approve on the TestNet).

Generic Wallet (Non-WealthWallet, to demonstrate potential compatibility with existing Crypto Wallets)