FAQ About DC

Q：Can I sell airdropped DC token?

A：Airdropped DC are all locked. You can sell DC after unlocked. You can check DC token that can be unlocked during the current round from 【DC Center】 → 【My DC】→ 【Unlock History】 in app and website. 

Q: How to unlock DC token?

A: The first round of airdropped DC token can be unlocked by trading 10USDT or more in spot (DC or USDC trading are not included) or contract. From the next round, user can unlock 1% DC for each period by upgrading to VIP-1 or above during each round, and the same rule applies for the rest rounds. >>How to reach level VIP-1?

Please note that if you did not unlock during the period, the DC token of the current round will be automatically recycled. If it is automatically recycled 3 times in a row, all airdropped DC token will be recycled.

Q: How to calculate the 10USDT trading volume?

A: Spot: All trading pairs besides DC/USDT and USDC/USDT are included and trading volume must be equal to or more than 10USDT.

    Contract: The margin conversion amount must be equal to or more than 10USDT.

Q: How long it takes to unlock DC token after trading in the spot market or contract market?

A: About 30 minutes to 1 hour. If your DC token haven't been unlocked after 2 hours, please send an email to csjp@deepcoin.com with your UID and email address.

Q: How to unlock the next round's DC token?

A: To unlock the next round's DC token, two conditions must be satisfied:

1. All the current round's DC have been mined.
2. The average DC close price for 7 days (from the day when all DC for the current round is mined) is 0.1 USDT higher than the unlock price of the current round.

• The greater the trading volume, the faster the mining progress, the shorter the time of each round.

E.g: We are currently in the third stage and when this round of 10 million DC token are issued and the average DC close price for 7 days (from the day when all DC for the current round is mined) is 0.1 USDT higher than the unlock price of the current round, it will enter the fourth round, which will begin to issue 10 million DC token again so that the fourth round DC will be unlocked.

Q: Can I unlock all the DC in my account for once?

A: No, DC token could only be gradually unlocked in every unlocking round period.

Q: How many DC could be unlocked If I have traded more than 10U?

A: If you have traded 10U or more in the spot or contract (not including DC/USDT trading) in the current unlocking round, the DC token will be unlocked automatically and you can check the amount in [DC Center]→[My DC]→[Unlock History] in the app.

Q: Which unlocking round we are in?

A: You can check the current round, current total mining volume, circulation and others in the DC center in Deepcoin app or website.

Q: How long it takes to unlock all DC token?

A: It depends on the time required to issue the DC. There are a total of 100 rounds and it is planned that each round will take about 1 month (maybe more than 1 month at the beginning of the issuance), but actually, the unlock round will be adjusted according to whether the unlocking conditions are met.

*The greater the trading volume, the faster the mining progress, and the shorter the time for each round.

Q: Why set 100 unlocking rounds?

A: The unlocking mechanism of DC aims to prevent market collapse due to large-scale sales and create a continuous price increase environment so that to return more profits to users.

Q: What is trade mining?

A: Trading mining is a form of rebate where a customer earns (mines) DC purely by trading.

Q: What is the mining ratio?

A: The DC mining ratio is the proportion of trading fees used to mine DC. For now, DC mining ratio will be 10% to 30% according to the users' account level. For example, if it is set to 20%, 20% of the trading fee will be converted to DC and return to users.

Q: How many trading forms are included in trade mining?

A: Currently, spot trading, USDT contract, USDT Perp and Inverse Perp are all included in trading mining.

Q: Can all unlocked DC be sold?

A: Yes, all unlocked DC could be traded in spot.

Q：How to check my DC volume?

A：You can check through【DC Center】→【My DC】→【My Total DC Volume】, or Assets→【Wallet】→【DC】