Have you ever wondered why Ether was chosen as the reserve currency for our Dotflat flatcoins? Let’s break it down 🚨

Ether — a guarantee of stability
Ether is one of the largest and most widely used cryptocurrencies in the world. Its two main advantages are high market capitalization and liquidity. In practice, this means it can be sold quickly without significant loss of value.

Flatcoins are primarily about stability. That’s why we chose Ether as the collateral. High volatility, meaning frequent price fluctuations of the reserve cryptocurrency, can lead to the need for urgent collateral liquidation, even with a 30% discount. In such situations, it's crucial that the collateral is liquid and can be sold quickly. Agree, there will be plenty of buyers willing to purchase Ether below market price, which will help cover the issuance made under a loan position.

Smart contracts — the foundation of Dotflat
Another key factor is the ability to run smart contracts on the Ethereum blockchain. Smart contracts are one of the core elements of the Dotflat system. Together with oracles that track price data, they automate all processes. Funds are locked in smart contracts, and interest is deducted automatically, creating an equivalent to a bank loan backed by collateral.

More reserve currencies, more opportunities
Flatcoins backed by Ether create a solid foundation, but this is just the beginning. In the future, we plan to expand the list of reserve cryptocurrencies, offering users even more options. We have two key criteria for selecting a cryptocurrency. First, the blockchain must support smart contracts (EVM), with examples like Binance Smart Chain and Polygon. Second, the cryptocurrency should have high scalability and stability.

We will carefully select other reserve cryptocurrencies, excluding tokens without real backing, as user security is always our priority.

Follow our social media to stay updated on all the important news from the project. And remember, Dotflat flatcoins are the future of money! ⭐️

With our staking program, you can earn on your flatcoins without any limitations. Today, we will tell you more about the advantages and features of the system ▪️

No Limits
You don’t have to worry about minimum or maximum amounts: you can start with as little as 0.000001 Dotflat. The lack of restrictions makes our program accessible to everyone, regardless of the size of the investment.

Interest Rate
Currently, the interest rate is 8% annually. This rate is fixed, and rewards are credited with each new block on the network, which appears approximately every 20 seconds.

It’s important to note that the program's terms, including the interest rate, can only be changed through a vote by Dotflat governance token holders. If the holders decide to lower the interest rate, deposits made before the change will continue to earn at the old rate for 91 days from the time of deposit.

Transparency and Freedom
The staking program has no time restrictions — a special smart contract on the Ethereum network operates indefinitely. You decide how long to stake your flatcoins, whether for one block or a longer period. It doesn't matter if you bought your flatcoins on the secondary market or minted them yourself.

Since staking is perpetual, like an on-demand deposit, you can withdraw your funds at any time and receive the accrued interest.

The staking functionality will be available on our website very soon, coinciding with the project launch.

Join the Dotflat staking program and earn with every new block! 🍀

In our system, the stabilization fund is one of the main elements. It constitutes 5% of the total Dotflat issuance and is placed in a smart contract called CDP (Collateralized Debt Position), which is also used for issuing flatcoins.

Users can check the status of the fund at any time through the smart contract or on the project’s website.

▪️ The stabilization fund is replenished through three mechanisms:
1. Retaining interest from the credit issuance of flatcoins (interest rate — 9% annually).
2. Penalties for margin calls (13%).
A margin call is a demand to deposit additional funds to maintain the collateral level. The owner of flatcoins receives such a demand if the value of the collateralized Ether falls below a set level.
3. Additional issuance of management tokens (RLE) through auctions.
RLE are management tokens of Dotflat, granting holders the right to participate in votes regarding changes to key system parameters, such as smart contract addresses and the composition of the product basket, as well as to receive income from the project's profits.

▪️ What happens when the fund is overfilled?
If the system operates stably and loan interest is paid evenly, the stabilization fund is constantly replenished. This occurs, in part, because the interest rate on the credit issuance of flatcoins is 9% annually, while the staking rate, analogous to a deposit in the crypto market, is 8% annually.

If the funds in the stabilization fund exceed 5% of the total issuance volume, the system can direct the excess toward the buyback of RLE tokens through an auction at the request of users. For example, if the fund contains 600 flatcoins against a norm of 500, the system will initiate the sale of 100 flatcoins through an auction, using the proceeds to buy RLE tokens. The purchased tokens can be burned at the request of any user according to the terms of the smart contract. This helps maintain the balance of the system and increases the value of management tokens.

▪️ If there are insufficient funds in the fund:
A lack of funds in the stabilization fund is typically associated with the fact that interest payments on loans for using flatcoins have not yet arrived, while staking payouts have already been requested by stakers. There can also be situations involving margin calls where borrowers cannot meet their obligations. For example, if the collateralized Ether is sold at auction for an amount lower than the debt, the shortfall is covered by the stabilization fund. If the fund still lacks sufficient funds, additional issuance of RLE tokens is activated.

The Dotflat stabilization fund is more than just a mechanism; it is a guarantee of the stability and security of our system.

Join the project and stay updated with our news. New opportunities await you! ⭐️

💡 The issuance of Dotflat flatcoins is based on a system known as the "Collateralized Debt Position" (CDP). CDP is a mechanism popular in decentralized finance (DeFi) that is used to issue stablecoins by locking collateral in the form of cryptocurrency within a smart contract. It was first implemented on the Ethereum platform. Let's take a look at how CDP works in Dotflat and why the system remains secure even with market fluctuations.

How CDP works in Dotflat ▪️
To issue flatcoins through credit issuance, the user provides collateral in cryptocurrency tied to the value of a commodity basket and ETH/USD, after which flatcoins are issued. However, the coins are not issued for the full collateral amount but with a 30% deduction. This approach helps reduce the risks of ETH (Ether) price fluctuations and ensures system stability.

When the price of Ether rises, the collateral value increases as well. This opens up additional opportunities. You can either increase the number of issued flatcoins proportionally to the collateral growth or return part of the Ether while maintaining sufficient coverage for the previously issued coins.

If the price of Ether falls, the system, considering the 30% discount, offers two options: increase the collateral or reduce the number of issued flatcoins. You have 24 hours to make a decision, after which the collateral is automatically sold through an auction to cover the debt.

The CDP mechanism alone is not enough, so the flatcoins in our system are also tied to a basket of commodities. This structure protects the Dotflat price from inflationary fluctuations and helps maintain its stability.

Join Dotflat and be confident in your future. Stay updated and don't miss out on opportunities!

The auction is an important mechanism within the Dotflat system, managed by a dedicated smart contract. It operates under three main scenarios: collateral liquidation, RLE token buyback, and issuance of new tokens to replenish the stabilization fund. Let’s go over each scenario in detail.

Collateral Sale
When the value of Ethereum decreases, the system requires flatcoin holders to increase their collateral. Users have 24 hours to restore the balance. If this condition is not met, the collateral is automatically sold through an auction to cover the debt.

▪️ How it works:
The auction can be initiated automatically by a bot or manually. All flatcoin holders can place bids, offering a price for the collateral. The auction uses an ascending format, where each new bid must be at least 5% higher than the previous one.

A bot will be available to place initial bids, taking into account the market value of Dotflat flatcoins. Since the bot is open-source, users can adapt it for their needs and actively participate in auctions. More details about the bot will be shared in an upcoming post.

RLE Token Buyback
If there is an excess of funds in the stabilization fund, the system holds an auction to repurchase and burn governance tokens (RLE), helping to maintain flatcoin price stability. This auction is open to RLE token holders.

▪️ How it works:
Participants offer the number of RLE tokens they are willing to sell for a fixed amount of flatcoins. The bid with the highest number of tokens offered wins.

Replenishment of the stabilization fund
When the stabilization fund has insufficient resources, the system calculates the necessary amount in flatcoins and issues new RLE tokens. A descending auction is then held, where flatcoin holders bid on how many tokens they are ready to purchase for the determined amount. The lowest bid wins.

▪️ Regulation of the process:
● Each auction step lasts 15 minutes. If no new bids are made within this period, the auction concludes.
● The minimum bid increment is 5%.
● Parameters such as duration and bid increments can be adjusted through user voting.

Auction participation functionality is partially available on our website. Users can also engage in auctions directly via blockchain explorers or customized bots.

Stay connected with us on social media to keep up with all the latest updates and opportunities! ⭐️

🎄 Dear friends!
The year 2024 has been a milestone for the Dotflat team. We successfully initiated the Dotflat project and achieved significant progress in its development.

🔘Deployed and tested smart contracts on the Ethereum test network and are now preparing to migrate the system to the mainnet.
🔘Published the Dotflat Light Paper and completed the main stage of work on the White Paper.
🔘Launched the project's social media accounts, where we regularly shared updates about various aspects of the Dotflat system.
🔘Actively worked on the project's website.

▪️ The upcoming year promises to be just as dynamic and productive. We sincerely thank you for your support and trust, which continue to inspire us to move forward. May this holiday season bring you warmth, joy, and nothing but positive emotions.

Merry Christmas and Happy Holidays! ✨

#Dotflat #Flatcoins

We’ve launched the official Dotflat website!
Now you can learn everything about our system, its features, and its benefits ▪️

What’s available on the website:
🔘Project information: the core ideas and philosophy of Dotflat.
🔘Platform overview: how flatcoin issuance works, the specifics of linking to a commodity basket, and the role of governance tokens.
🔘System benefits.
🔘Frequently Asked Questions.

Soon, the website’s functionality will be expanded. We’ll add tools for purchasing RLE tokens and issuing Dotflat flatcoins.

Follow us on social media to stay updated, and don’t forget to visit dotflat.io! 💚

#dotflat_announcement

Dotflat is a fresh take on the digital economy, combining traditional banking, long-term investments, and blockchain technology. Our system includes two types of tokens: flatcoins and governance tokens, also known as RLE-tokens. They serve different purposes but together ensure the stability and growth of the ecosystem. In this post, we’ve gathered all the key details about Dotflat’s governance token.

What is the RLE-token?
Governance tokens act as "shares" in the Dotflat project. Holders gain the unique right to participate in system governance. RLE-tokens allow voting on critical decisions such as:
🔘The composition of the commodity basket backing the flatcoin’s value
🔘Interest rates for credit issuance
🔘The size of the stabilization fund

💡 How can you get RLE-tokens?
1. Buy them during the presale and IDO. The presale is launching very soon and will take place on Cellframe DEX.
2. Participate in the additional issuance auction. If the stabilization fund cannot provide the necessary amount of flatcoins, an auction for issuing new RLE-tokens is launched. You can purchase tokens and support the project’s development.

Holders of Dotflat governance tokens earn profits from the difference between the credit issuance rate (9%) and the flatcoin staking rate (8%) (we covered the Dotflat staking program in this post). All revenue from this mechanism is distributed among governance token holders, making them beneficiaries of the ecosystem — essentially acting as Dotflat’s "shareholders".

The first batch of RLE-tokens will be available for purchase on Cellframe DEX, with several orders placed there.

Don’t miss your chance to acquire RLE tokens during the presale, which is launching very soon! We’ll be sharing more details in upcoming posts — stay tuned for updates so you don’t miss out!💚

#dotflat_presale

▪️ The pre-sale of Dotflat governance tokens is launching soon — an excellent opportunity to join the project at an early stage. To provide you with more insights, today we’ll dive into our tokenomics and discuss the steps ahead.

The Dotflat governance token has already been issued on the Ethereum network. The total supply of RLE tokens is 1 million, and we are currently transferring them to CF-20 for the pre-sale. Rule tokens play a key role in system governance, development, and liquidity formation.

💚 Governance Token Distribution:
• Pre-seed — 50,000 RLE (already allocated)
• Advisers — 50,000 RLE (already allocated)
• Pre-sale — 240,000 RLE
• IDO — 360,000 RLE
• Liquidity — 100,000 RLE
• DFC team — 200,000 RLE (already allocated)

💚 Pre-sale
A total of 240,000 RLE tokens will be available for purchase during the upcoming pre-sale. RLE tokens can be acquired with USDC and ETH on Cellframe DEX. Later, we will establish liquidity pools with the same pairs on UniSwap.

💚 Liquidity
To ensure liquidity, we have allocated 100,000 RLE, which will be used to create trading pairs. After the pre-sale, we will launch RLE/DFC and RLE/ETH pairs on UniSwap and Cellframe DEX. Liquidity on these platforms will allow users to seamlessly exchange tokens while we build a sustainable model.

💚 IDO
Our IDO strategy will be developed after the pre-sale. By then, we will have data to determine the most efficient token distribution approach based on the project’s needs.

Participating in the Dotflat pre-sale is a chance to become part of the project from the very beginning. Stay tuned for updates and don’t miss your opportunity!

#dotflat_presale

▪️ We are launching the presale of Dotflat governance tokens (RLE)! Orders with the RLE token (USDC/RLE pair) are now available on Cellframe DEX. You can purchase tokens directly through the Cellframe exchange or on the project website.

📌 Please note that in both cases, you will need the Cellframe Dashboard and a wallet with CF-20 tokens (USDC and CELL for fee payments).

⭐️ Once the first orders on DEX are filled, we will also create a swap pool with the ETH/RLE trading pair on Uniswap, followed by pools with flatcoins and governance tokens (DFC/RLE). The same pairs will be available on Cellframe DEX. The price differences between these platforms will create attractive conditions for arbitrage.

⭐️ Funds raised from the presale will primarily be used to conduct an external audit of our smart contracts, which play a key role in the Dotflat system. A portion of the funds will also go toward marketing and increasing liquidity.

The detailed guide on using Cellframe DEX is available on the Cellframe blog.

▪️ Buy RLE tokens on Cellframe DEX or on the Dotflat website and join the project right now!

#dotflat_presale

📢 This Thursday, March 6, join us for a joint AMA session with Dmitry Nagornykh, Dotflat CEO and Dmitry Gerasimov, Demlabs CEO and Cellframe Project Lead!
We'll discuss the first results of the Dotflat token presale and the future development plans for the project and the Cellframe ecosystem as a whole.

➡️ Submit your questions for the speakers through the special form on the website or leave them in the comments to this post.

📌 March 6
☑️ 12:00 UTC
Format: video

Where to watch:
● Cellframe Youtube Channel

Don’t miss the chance to hear the latest updates on the Dotflat and Cellframe projects! We look forward to seeing you at the stream!

#AMA_cellframe #AMA_dotflat

⚡️ We’ve prepared the text version of the joint AMA session with Dmitry Nagornykh, Dotflat Project Lead, and Dmitry Gerasimov, Demlabs CEO and Cellframe Project Lead, which took place on March 6th.

During the stream, we discussed the first results of the Dotflat governance token presale, as well as the future development plans for the project and the overall Cellframe ecosystem.

💜 Read it on our blog on the Cellframe website!

#AMA_transcript_cellframe #AMA_transcript_dotflat