DRK Official Channel
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DRK Website: https://draken.tech

DRK is a decentralized platform for the existing financial sectors of the Draken Group's digital banking system. With DRK Chain is built and optimized on the 4.0 Blockchain
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Cheers to a great 2021 and even greater with DRK!

We would like to introduce to the community the launch of the DeFi Staking Fund program, currently taking place at Draken.exchange. The program is proudly organized by Nakamoto Fund - one of the cryptocurrency funds in DRK's administration system.

Read full here: https://medium.com/drk-defi/nakamoto-defi-staking-fund-710fe820dace

In the near future, important announcements on the detailed Roadmap of DRK, adjusted to the current market situation, and specific performance reports on DRK's products will be released to the community. Stay focused to not miss any exciting news from us!
We would like to announce to the community the "DRD Monthly Token Burn" program, officially taking place from February, 2021.

Read full here: https://medium.com/drk-defi/drd-monthly-token-burn-f17aa1b58555
#DRKDEX Announcement

To DRK Community,

We would like to announce the latest updates for Draken.exchange to the community:

1. The new trading pair DKK/DRD has been put into operation. Our new digital currency, DKK, can now be deposited/withdrawn.
DKK is a DRC-99 token backed by DRKakao - a major strategic product of DRK. DRKakao is a decentralized social network with pioneering features to be appreciated in the cryptocurrency industry. Beside being the perfect fusion of the most popular social networking sites in the market, DRKakao is also introduced with essential features to the cryptocurrency world and astonishing benefit-distributing mechanisms for all users. Details about DRKakao will soon be released to the community.
The early listing program of DKK/DRD on Draken.exchange aims to give out a very limited amount of DKK Token in order to allow the community a chance to experience exclusive features of DRKakao, which will be launched early this year.

2. The addition of the trading pair DRX/DRD and the omission of DRX/DRK trading pair aim to strengthen the interactive relationship among products in DRK's ecosystem. We will proceed to terminate existing orders for the trading pair DRX/DRK. The remaining balance of users will not be affected. Meanwhile, prices of tokens in DRX/DRD trading pair will be in accordance to the current market.

In the upcoming time, other integrated DeFi products at Draken.exchange will be introduced to the community with thrilling programs and events. Stay updated on our news channel for the latest information.

We appreciate your understanding and companionship.

Best regards,
Draken Team
To DRK Community,

As previously announced, the "DRD Monthly Token Burn" has commenced as we have successfully completed the first burn. The utilized amount sources from profits from Draken.exchange's business activities, which were used to buy back the circulating DRD Token in the market, and DRD foundation storage in order to stabilize the market supply of the token. The burned amount will permanently disappear from DRD's market supply.

Proof of burning 343,116 DRD Token ~ $220,000:
https://explorer.draken.tech/tx/0xe33c9293929379542de5ed5f65c75bfee96b241458e35dd33afddf78d30761ef/token-transfers

Thank you for your understanding and companionship.

Best regards,
Draken Team
#DRKDEX Listing Announcement

To DRK Community,

We would like to announce to the community about the new trading pairs between DRD Token, backed by Draken.exchange, and USDT based on TRC20 standard (TRON), and BTC (Bitcoin).

- DRD / USDT (TRC20)
- DRD / BTC

The two trading pairs have been put into operation. Users can freely deposit/withdraw the mentioned currencies. We are proud that this execution will affirm the true position of Draken.exchange, which is strongly growing compared to the similar products in the market, and allow better liquidity for the representative currency of our strategic product, DRK DEX.

Thank you for your understanding and companionship.

Best regards,
Draken Team
To DRK Community,

Acknowledging the severe decline in transaction volume and liquidity of DRX Token, we have decided to implement the DRX Token Buy Back program in order to provide a solution for our investors owning DRX Token in this time period.

Specifically, we will proceed to deduct 1 million DRD Token from the foundation storage to implement this program, which will continue until the reserved amount of 1 million DRD Token has been fully utilized. Large buy orders will always be available for the trading pair DRX/DRD at Draken.exchange.

Meanwhile, we would like to remind the community about the series of strategic products that the development team has been rushing to perfect, most of which will be integrated at Draken.exchange. Therefore, DRD Token will play a significant role in our massive comeback in the coming time. Please always stay updated to not miss any important news!

We truly appreciate your understanding and persistent support.

Best regards,
Draken Team
#DRKDEX Announcement

To DRK Community,

We are thrilled to announce that DRKSwap, the newest DeFi product in our DRK Dapps ecosystem, has been completed. The first version of DRKSwap has been officially released and integrated at Draken.exchange. This strategic product conveys a huge amount of effort put into developing DRK in 2021 and the years to come. Detailed documents on introduction and user guide of DRKSwap will soon be published to the community.

Meanwhile, we also would like to announce the temporal absence of the trading pair DRK/BTC and DRK/USDT (TRC-20) at Draken.exchange. The other trading pairs remain unaffected. Especially, users are advised to utilize DRD simutlaneously with DRKSwap to execute transaction orders with DRK. Any new changes will soon be notified to the community.

Once again, we appreciate your understanding and companionship. Please be ensured that the development team is working with endeavor to keep the whole ship moving.

Warmly,
Draken Team
#DRKDEX Announcement

To DRK Community,

First and foremost, we are extremely glad and proud to receive tremendously enthusiastic response from the community towards DRKSwap - the important strategic DeFi product of DRK Dapps ecosystem. Within days after launching, highest liquidity pool amount has reached 3 million dollar with trading volume up to 300,000 dollar. These statistic proves a promising and impressive growth of many DeFi products that are scheduled to release this year. Once again, we deeply value your support and companion. We are working passionately and relentlessly to repay that trust.

Also, we would like to announce the temporal absence of the following trading pairs: DRD/USDT (TRC-20), DRD/BTC and DRK/DRD. This movement is part of the development team's plan to optimize and simplify user's transaction method when using DRK DeFi products. The community can take advantage of using DRKSwap in trading DRK Coin, DRD Token, BTC and USDT (TRC-20) to fulfill desired transactions and liquidity needs.

We appreciate your understanding and never-ending effort in learning.

Warmly,
Draken Team
To DRK Community,

We would like to provide the community new updates on our previously announced monthly DRD Token Burn program, which aims to restructure the DRD circulating supply in the market in order to optimize its applicability in DRK's ecosystem. For the second period, we have successfully proceeded to burn 99 million DRD.

Proof: https://explorer.draken.tech/tx/0xbba3a48793bb96f98524552d55a3f03b1f98381b3e908bbf7bff8796313a7208/token-transfers

The burned DRD amount sources from successful buy-back orders using profits generated from draken.exchange's business activities and the reserves in our foundation storage. Accordingly, the distribution of DRD Token will be officially restructured with total token supply being 100 million and market circulating supply being 5 million.

Thank you for your understanding and companionship.

Best regards,
Draken Team
DRK Swap has been successfully put into operation on DRK Chain and implemented in Draken.exchange. Despite being recently launched with the initial purpose to provide the community with basic using experience, DRK Swap has consecutively exceeded our expectation with impressive milestones reached: highest recorded total liquidity level of more than 5 million Dollar, highest daily trading volume of nearly 3 million Dollar. This is a confident premise for the development of DRK Swap in the coming time, which will be supported by our constant strategic movements that we have deliberately planned out.

In this article, we will get to know the basic definitions and information about DRK Swap — the strategic DRK DeFi product. The community can base their investment decision and method on the given input with careful and rational consideration.

https://medium.com/drk-defi/drk-swap-all-you-need-in-defi-part-1-dfc2537c66c7
To DRK Community,

We would like to inform an important update about DRD Token Burn program: 95 million DRD have been successfully burned.

Proof:
https://explorer.draken.tech/tx/0xf3295bb0d7f56aeedc9f35f683204419c4d8c25b73931914c3190f7559604a30/token-transfers

After one month with 3 token burning executions, the total supply of DRD has been reduced to approximately 5 million. The burned remains have been permanently removed. We believe this to be necessary for the program's goal, which is to restructure the supply of DRD Token in order to ensure value, optimize usage and transparency of all DeFi products in DRK's ecosystem.

Thank you for your trust and companionship. We are ready to bring more breakthrough products, programs and events in the coming time.

Warmly,
Draken Team
In the previous article, we have been introduced to the basic definitions, operation mechanism and inspiration of DRK Swap — one of the strategic products of DRK.

In this article, we introduce to the community DRK Swap Yield Farming and the release of DSWAP — Token backed by DRK Swap. These new products are promised to bring huge development and project expansion potential.

https://drkdefi.medium.com/drk-swap-all-you-need-in-defi-part-2-4cd1ae051de4
Non-fungible tokens (NFTs) are booming strongly due to its solution to the existing concerns in terms of copyright and ownership of digital products and assets with the application of blockchain technology. Teemo is introduced with that inspiration and to untie bottlenecks of platform, performance, cost and user experience right in its own marketplace.

We would like to introduce the community to Teemo.ai, coming from a third-party developer, the first NFT product to be launched on DRK Chain.

https://medium.com/drk-defi/welcome-teemo-ai-to-the-ecosystem-of-drk-chain-66d234ac1210
To DRK Community,

We would like to announce the community about the 4th DRD token burning execution: 1,500,000 DRD Token have been successfully burned.

Proof:
https://explorer.draken.tech/tx/0x70a9faba4281f09591a4fca9d763b2676112c879aba4a8d1b42d4bdf9eeb98ab/token-transfers

https://explorer.draken.tech/tx/0xd32c8023ae1121f6c774bc82047744cd14ad11a560e636cd47068255ef90e24c/token-transfers

After 4 program executions, a total of 196,500,000 DRD has been burned. The circulating supply of DRD Token has been adjusted to 3,500,000 DRD. The burned amount, sent to the wallet address 0x000000000000000000000000000000000000dEaD, will permanently disappear from circulation.

Thank you!
#DRKSwap Announcement

To DRK Community,

We would like to inform the community about the closure of DRK-USDT swap pair and liquidity pool, which will be executed in the next few days. Also, the Yield "Stake DRK-USDT LP, earn DSWAP" will be closed at the same time. This is one of the moves to serve the upcoming plans that we have carefully prepared.

Important: please unstake farming yield and remove liquidity in DRK-USDT pair at the time this announcement is received to avoid possible errors.

Should there be any issue, please directly contact your region's representatives or send an email to contact@draken.tech.

Thank you!
To DRK Community,

Please join the official Telegram channel of DRK Swap to stay updated on the newest information, including important programs to be launched in the coming time.

https://t.me/drkswap

Thank you!
Forwarded from DRK Swap Official
New Farming Yield Announcement 🌾

To DRK Swap Community,

We are super excited to announce that yield "Stake TEE-BNB LP, Earn TEE" is officially commencing at 9PM (Singaporean time). You will need to contribute to TEE-BNB liquidity pool to receive LP proportionally, which can then be used to farm TEE token.

TEE-BNB liquidity pool:
https://draken.exchange/swap-liquidity/add-liquidity/add/tee/bnb

Farming yields:
https://draken.exchange/drk-farm

For more information about Teemo.ai (TEE): https://t.me/teemoai

Thank you!
Forwarded from DRK Swap Official
USDT (TRC20) CONTINUED AT DRK SWAP

To DRK Swap Community,

📌 We would like to inform the community about continuing to maintain the swap pair, liquidity pool and farming yield of DRK-USDT (TRC20).

TRON network constantly facing technical issues, leading to our concerns for users’ assets stored on DRK Swap, was the main reason for the notice of cancellation for USDT (TRC20) at DRK Swap. However, those technical problems have been successfully resolved with the current and better completed upgrade. From that, we have been able to recognize how users are favor in using USDT (TRC20) at our platform.

Therefore, all activities that relate to the use of USDT (TRC20) will continue to function normally in DRK Swap.

Thank you!
Forwarded from DRK Swap Official
📌 DRK Swap is one of the strategic DeFi products operating on DRK Chain.

Therefore, to introduce the how-to of DRK Swap and allow more convenient storage of coin/token distributed in DRK Swap, we would like to provide the community with an article about adding DRK Chain to your Metamask Extension.

https://medium.com/drk-swap/how-to-add-drk-chain-into-metamask-extensions-65a5da878557

Learn about us:
🌐 https://draken.exchange
📢 https://t.me/drkswap
⚡️ https://twitter.com/drkdefi
Forwarded from DRK Swap Official
To DRK Community,

We would like to announce to the community about the listing of new trading pairs at https://draken.exchange/drkdex, including:

DRK/BTC
DRK/BUSD
DRK/BNB

⚠️ All users can now begin to deposit/withdraw/trade DRK, BTC, BUSD, BNB through the mentioned pairs. Please be noted that you will be required to own a minimum of 0.01 BNB in order to deposit BUSD.

Thank you!