What is DBR

Learned by 468 usersPublished on 2024.06.08Last updated on 2024.10.15

0.02

-0.39%

  • Last Price0.02
  • Turnover (24h)4.17M
  • All-Time High0.05
  • Total Supply10B
  • Fully Diluted Market Cap205.4M
  • Ranking692
  • Market Cap59.78M
  • All-Time Low0.01
  • Circulating Supply2.91B

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. What is DBR?

DOLA Borrowing Right (DBR) Cryptocurrency Introduction

Basic Information

  • Currency Name: DOLA Borrowing Right
  • Currency Abbreviation: DBR

Features

  1. Stability: DBR is a stablecoin, pegged to the US dollar, providing stable pricing.
  2. Borrowing Right: Owning DBR tokens grants you the corresponding borrowing rights, allowing you to borrow from other users or trading platforms without needing to mint or purchase in advance.
  3. Instant Transactions: DBR offers fast transactions; as long as you have sufficient tokens, you can instantly borrow funds from the borrowing pool.
  4. Automatic Repayment: When a loan is due, the system will automatically deduct the amount from your account to repay the loan, easing the user’s burden.

Application Scenarios

  1. Trading Arbitrage: You can profit by buying DBR low and selling it high on exchanges.
  2. Staking Profits: You can earn returns by staking DBR or lending DBR as part of financial activities.

Summary

DBR is an innovative financial tool featuring stability, borrowing rights, instant transactions, and automatic repayments, making it suitable for borrowing and trading activities in the cryptocurrency market.

2. Who Founded DBR?

According to the provided search results, the DBR token was established by the cross-chain interoperability protocol deBridge foundation. Please note that DBR may also refer to other cryptocurrencies such as DOLA Borrowing Right, but in this context, DBR refers to the token of deBridge.

3. Which Venture Capitalists Invested in DBR?

The provided information does not directly mention the investors in DBR tokens. DBR serves as the governance token for the cross-chain service deBridge, and related information mainly pertains to its issuance plan and distribution methods, without specifically referring to the investors. Therefore, it is not possible to determine which venture capitalists invested in DBR based on the provided information.

4. How Does DBR Operate?

Mechanism of Operation for DBR Cryptocurrency

DBR (DOLA Borrowing Right) is a cryptocurrency primarily used for borrowing and financial transactions. Here are the key points of its operational mechanism:

  1. Stability: DBR is a stablecoin, pegged to the US dollar, providing price stability.

  2. Borrowing Right: Owning DBR tokens means having the corresponding borrowing rights, allowing you to borrow from other users or trading platforms without needing to mint or purchase in advance.

  3. Instant Transactions: DBR offers quick transaction methods; as long as you have sufficient tokens, you can immediately borrow funds from the borrowing pool.

  4. Automatic Repayment: When loans are due, the system will automatically deduct amounts from users' accounts for repayment.

  5. Application Scenarios: DBR can be used for various financial activities such as leveraged trading, arbitrage trading, and debt structuring.

  6. Trading and Investment: DBR can be traded on exchanges, and users can also earn returns through staking DBR or lending DBR.

In summary, DBR cryptocurrency provides an innovative financial tool through its features of stability, borrowing rights, instant transactions, and automatic repayments, suitable for various financial trading and investment activities.

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