Qicai Research Institute’s first major launch, the first public chain of the dog ecosystem landed on AOFEX, and is about to lead everyone into a new era of dogs

At 20:00 on June 4, Qicai Research Institute and DOGK shared practical information in the Qicai Research Institute live broadcast room with the theme of "Dog King Chain" Dogecoin's ecological evangelist Doge Continent". Host: Rousi from Qicai Research Institute, sharing guest: RAN DOGK mainland CMO. The first major public chain of the Doge Ecosystem has landed on AOFEX, with many benefits waiting for you. It will lead everyone into a new era of Doge. What are you waiting for?

The following content is provided by DOGK and compiled and published by Qicai Research Institute.

Rousi from Qicai Research Institute: Good evening, everyone. I am the host of today’s live broadcast. Thank you to all the friends from Qicai Research Institute for meeting us on time. Let us welcome the guest RAN DOGK, CMO of mainland China, to visit Qicai Research Institute. Let us enter today’s AMA theme event.

Q1. Rousi, host of Qicai Research Institute: First of all, welcome RAN to Qicai Research Institute. Could you first introduce to us the original intention and basic situation of the establishment of DOGK?

A1. Guest: DOGE (Dogecoin) is a virtual currency inherited from Litecoin. It was born on December 6, 2013 and launched by IBM engineer Billy Markus. As of April 2021, DOGE's market value has reached 226.3 billion, and the number of client addresses has reached 3.29 million. Its market value has increased 2,000 times in six years. The number of fans on Reddit has rapidly increased from 1.2 million to 1.5 million in just nearly a month, almost five times the number of Litecoin fans. The average daily trading volume has long been ranked among the top three virtual currencies. The greatest value of the Internet era is the huge number of users. It took DOGE one year to reach a user base of one-third of Bitcoin users and four times that of Litecoin. Compared with mainstream encrypted digital currencies, DOGE lacks the most core ecological system. Just as the US dollar system is regulated and supported by the Federal Reserve as a whole, in the cryptocurrency system, the distributed mining machine and mining pool system is also the foundation for supporting the operation of mainstream cryptocurrency ecosystems such as BTC and ETH. In fact, the meaning of "mining" of cryptocurrency is to maintain the properties of the entire cryptocurrency; just like the national central bank and other banks use resources to build various systems (electronic systems, branch systems) to maintain the circulation of legal currency. In 2017, when the BTC system needed structural adjustments, it was several major participants in the BTC mining system (such as Bitmain, etc.) that formed the support and foundation for the entire system. Mining machine manufacturers and core mining pools have always played an extremely important role in the ecosystem. DOGK was established to make up for this.

Q2. Rousi, host of Qicai Research Institute: Can you tell us what the Dog King Chain is?

A2. Guest: Dogk Chain is a global computing power trading technology service platform based on DOGE. It builds a complete DOGE ecological platform based on distributed mining machines and mining pool systems. Through the platform website, mining pool, DeFi wallet, DApp, community and other ecological deployments, Dogk Chain will provide high-quality technical and information services, allowing global users to complete computing power transactions more conveniently, share the experience in a computing power anchored and universally accessible way, and easily have mining capabilities.

The underlying layer of the DogKing Chain provides a complete distributed functional system, including a complete smart contract system and a security system. At the same time, the DogKing Chain abstracts the underlying complex technical system and heterogeneous systems to achieve distributed entity management and multi-dimensional authentication protocols that support compatibility with various major protocols and cryptographic standards, and supports cross-chain and cross-system interactive mapping of various heterogeneous blockchains and traditional information systems. The DogKing Chain also provides technical systems such as secure data storage, heterogeneous smart contracts, and encrypted data analysis.

On the one hand, DogKing Chain will lead the global community to quickly build community consensus through nodes spread all over the world, allowing consensus evangelists to obtain greater value and wealth, and jointly promote the launch of the platform mainnet and implement powerful ecological applications.

On the other hand, DogKing Chain links multiple high-end resources and makes full use of its own advantages. With its unique design concept, high-performance computing power drive, complete DOGE ecology, and more mature underlying infrastructure, it provides users with a brand new mining experience!

Q3. Rousi, host of Qicai Research Institute: As DOGE continues to develop in a favorable direction and its market value continues to rise, the market urgently needs an ecosystem with DOGE as the core to provide favorable support for its development. So what is the problem that DOGE Chain wants to solve?

A3. Guest: In fact, DOGE has never had its own exclusive mining machine since its development, let alone a corresponding mining pool to form the core support foundation of DOGE, which has led to a passive situation of "mining Litecoin and giving Dogecoin". Similarly, based on the booming financial system of banks, securities, funds, insurance, etc. based on the US dollar, the DeFi (decentralized finance) of cryptocurrencies ushered in a booming and rapid development in 2020. BTC, ETH and other ecosystems have given birth to a wide variety of DeFi applications, greatly expanding their financial application scenarios, but DOGE is seriously lacking in the corresponding exclusive financial ecology, and even its community is just a spontaneous guerrilla group of enthusiasts, lacking organization. We are about to launch our exclusive mining machine.

Q4. Rousi, host of Qicai Research Institute: Can you introduce us to the background of the core members of the platform team?

A4. Guest: Copperfield Company Position: Product General Manager

Financial engineer and blockchain industry expert, former vice president of Factom, a U.S. notary public company. Currently a researcher at the Digital Society and Blockchain Laboratory, co-founder of the Energy Blockchain Laboratory, and senior researcher at the European Blockchain Research Alliance. He is known as "one of the mentors and evangelists in the blockchain field."

He has 19 years of experience and achievements in financial technology, IT development and product management, network engineering and information security construction. He was the first to propose that blockchain is a tool for data and information rights confirmation in the Internet space, as well as the theory of localization of the Internet economy.

Steven Lee Company Position: Chief Technical Architect

Specializing in blockchain technology, with more than 4 years of experience in building distributed blockchain solutions. Participated in the development of multiple cryptocurrency projects. Expert in Bitcoin, Ethereum and smart contracts, participated in the creation of the underlying architecture of Ethereum smart contracts.

Michael Caravetta Company Position: Coding Supervisor

Informatization and network security scientist with more than 17 years of experience in the IT industry.

We have made outstanding achievements in the fields of exchange network information and security. We have introduced network knowledge such as network infrastructure, network security, VOIP, software definition, etc. into IT management consulting services, which has greatly improved the networking and security level of stock exchanges. In the past 10 years, we have provided network information security services to companies such as the Toronto Stock Exchange (TSX), the Canadian Securities Depository Corporation (CDC), the CSX Venture Exchange, the TSX Trust, the Alpha Exchange, the Montreal Stock Exchange, and the Boston Options Exchange.

Ville Valkonen Company Position: Head of System Development

Qualifications: AAPC and ISTQB. Work experience: 12 years.

Q5. Rousi, host of Qicai Research Institute: So what is the vision of the DogKingChain ecological platform?

A5. Guest: The platform currency of DogKing Chain will also be incubated and grown into an important participant in the entire crypto world; just as Alipay was originally only the exclusive payment for Taobao, but today, Alipay has gradually grown into an independent payment system from the Alibaba system, accounting for half of the entire Chinese mobile payment field.

Q6. Rousi, host of Qicai Research Institute: How is DOGK’s economic system set?

A6. Guest: DogKing Chain issues an ecological platform currency named DOGK (DogKing), with a total amount of 100 trillion coins, including: 10% for private placement, 15% for public welfare fund, 5% for ecological fund, 10% for founding team, and 60% for mining.

3% of the donation amount from institutions will be locked for 36 months, and 12.5% ​​will be released for the first time to the matemask wallet. The rest will be distributed to the DOGK wallet and will be gradually released according to the block height for 36 months.

Phase 1: 20 trillion. Accepting donations from institutions.

Phase 2: 5 trillion DOGE coins will be airdropped based on the number of DOGE coins held.

Phase 3: Starting from May 20, users will log in to decentralized exchanges such as Pancaswap (a decentralized trading platform based on Binance Smart Chain BSC, MDEX.com (Huobi’s DEX), Uniswap, etc.

The fourth stage: After listing on centralized exchanges, it is expected to list Huobi, Binance, OK, Gate, Matcha, etc.

Q7, Rousi, host of Qicai Research Institute: Could you please tell us about the development and planning of DOGK? How many specific stages are there?

A7. Guest: Phase 1: Mining Pool

In the first half of 2021, the development of DOGE Professional Edition mining machine will be completed, and the mining pool ecosystem will be built. The main network will be launched, and the sharding and parallel chains will be upgraded and expanded.

Phase 2: DeFi

Combined with the improvement of the mining pool, the complete construction of the ecological financial system will be gradually completed within 2021.

Phase 3: Community

We will enrich the ecosystem, incubate diversified applications, connect the global DOGE community, and hold the Global DOGE Consensus Conference in 2021.

Stage 4: Maturity

The platform currency of DogKingChain will also be incubated and grown into an important participant in the entire crypto world; just as Alipay was originally only the exclusive payment for Taobao, but today, Alipay has gradually grown into an independent payment system from the Alibaba system, dominating half of the entire Chinese mobile payment field.

Next we will start the free question session, and the guests will randomly select questions to answer.

Q1: Can you introduce the specific situation of mining, the price of mining machines, deployment environment, payback period, etc.? Can mining be done without mining machines?

A1: The mining machine has reached cooperation with several well-known domestic manufacturers. We are currently communicating on the issue of patent ownership. It is expected to be launched at the end of June. It does not currently support personal PC mining. The mining mechanism of the public chain is under development. What we can tell you now is that the Dog King Chain explodes a block every minute, and the reward for a block is 1 million dogk. Every day, 1.44 billion dogk will be mined. The total amount of mining each year does not exceed 10% of the total mining pool. Dogk mining will adopt pledge mining. Currently, 200 million dogk is pledged for one mining machine. At present, the first batch of 5,000 dogk mining machines have been sold out, and the second batch is still in progress. It is expected that the second batch of mining machines will be launched in July.

Q2: Does DOGK have plans to expand into the NFT track? It is said that June is the NFT month.

A2: NFT is a track we are very optimistic about. We are currently focusing on DOGE's public chain, the Dog King Chain, which is expected to be launched at the end of June. We have invested in two very powerful NFT projects. These two projects will bring more than 100 times the income to the ecological fund of the Dog Continent. Of course, these incomes will also be used to maintain the ecological construction of the Dog Continent. When the Dog King Chain main chain is launched, mining and NFT projects will be launched. Everyone is welcome to use the Dog King Chain to launch NFT projects.

Q3: What are the current ways for users to obtain dogk tokens?

A3: Currently, the only way to obtain dogk is through staking mining.

Q4: Can you briefly talk about DOGK’s investment lineup and ecosystem partners?

A4: Currently, the founder of dogk is the famous angel investor Mr. Xue Manzi. Investment institutions include Quantum Capital, Avanti Fund, etc. More famous investment institutions will join in the future. Mr. Xue Manzi's investment circle connections are obvious to all. At present, dogk's ecological layout is very complete. The ecological fund has invested in 6 projects. They will be listed on various exchanges in the near future. We will announce them in the near future, and there will be project coins airdropped to everyone.

Q5: Hello, what do you think is the most likely core competitive advantage of DOGK in the future? What do you think is the future development direction of this project? Or which areas do you prefer?

A5: The core competitiveness of dogk in the future is the many outstanding entrepreneurs invested by Mr. Xue Manzi. They are all leaders in each industry, so dogk's ecosystem will introduce these outstanding entrepreneurs as soon as possible to create a more complete ecosystem. Dogk's future will focus on public chain, ecology, and investment. I am personally more optimistic about the future derivatives of our public chain.

Q6: Compared with other projects that promote the integration of blockchain and the Internet of Things, what is DOGK’s biggest advantage?

A6: First of all, the founder of dogk is Mr. Xue Manzi, a famous angel investor. The first major advantage is Mr. Xue Manzi's forward-looking vision and powerful layout. The second is the practical ability of more than 400 outstanding entrepreneurs invested by Xue Manzi. Dogk aims to be a public chain that combines blockchain and practical applications.

Q7: Will there be a deflation plan for DOGK tokens? For example, buyback and destruction.

A7: The total issuance of dogk is 100 trillion, and it will never be increased. However, we will adopt various methods such as pledge, destruction, and repurchase to enhance the value system of dogk.

Rousi, host of Qicai Research Institute: Thank you very much to DOGK RAN for sharing all the useful information tonight. We look forward to DOGK leading the industry and making a hundredfold progress. The latest information can be found on the official website and Twitter, so please follow them.

This event is co-organized by Qicai Research Institute and DOGK.

With strategic support from multiple media outlets, thank you to all my colleagues for your support. See you in the next episode in the Qicai Research Institute’s live studio.