DedaCoin (Deda)  token white paper

Executive Summary

The Deda ecosystem is a multi-blockchain infrastructure project with the mission to revolutionize how users interact with digital assets and transactions. Operating on ETH, Tron, BSC, Polygon, and more future networks, Deda aims to bridge the gap between everyday users and crypto transaction rails.

The initial launch product of the Deda ecosystem, DedaBit is a secure exchange where users can swap their FIAT for/to leading currencies. The flagship product, DedaPay, provides retailers and business owners crypto payment infrastructure for easy and safe adoption. The DedaPay infrastructure includes DedaPOS, DedaGateway, and DedaLink to allow robust solutions for all market demand.

DedaCoin ($DEDA) is the primary digital currency powering the Deda ecosystem and is used as the utility and value storage vehicle across the ecosystem. Using innovative new liquidity measures (Hedge90 and Hedge100) along with hedging investments backing DedaCoin ensures a safe and promising digital asset for the global markets.

This whitepaper provides an overview of the Deda mission, features, and the innovative solutions it brings to the digital currency ecosystem.

 

 

1. Mission

Unification of all digital currencies with society by seamlessly integrating and enabling all financial transactions through a single ecosystem has been a utopian dream so far. We strive to foster this Digital Economy Development Agency or ‘Deda’ as a platform that can make this dream a reality by prioritizing trust, transparency, and security as the core foundational principles.

To be truly successful in this ordeal, we aim to take a holistic approach by recognizing the fundamental roadblocks that have stopped other projects from realizing this goal.

Thinking with first principles, our targets boil down to:

  • Accessibility: Building infrastructure for highly available and liquid crypto rails that enable transactions as effortlessly as debit cards.
  • Education: On the true nature of cryptocurrencies and their benefits, while simultaneously eliminating the false mythos and doubts surrounding it.
  • Adoption: Empowering commercial storefronts and regular consumers to use cryptocurrency as their primary mode of payment in a hassle-free manner.
  • Retention: Making our ecosystem addictive and indispensable to the everyday consumer by providing loyalty rewards and improved discounts, turning it into the one stop solution for all consumer purchases.

Our path to this ideal future is finely meshed with our cryptocurrency exchange and crypto payments/transaction infrastructure that we see as the primary method for all of society to use digital and fiat currency interchangeably.

2.1 Market Size and Trajectory

The digital currency market has experienced substantial growth over the past decade. As of 2024, the global cryptocurrency market is valued at over $2 trillion, with a compound annual growth rate (CAGR) of approximately 30% expected over the next five years. This growth is driven by increasing adoption of digital assets by both retail and institutional investors, advancements in blockchain technology, and a growing acceptance of cryptocurrencies as legitimate payment methods.

Furthermore, the growing instability of fiat currency due to changing international peace dynamics and economic policies is causing a natural shift towards gold and cryptocurrencies as a prominent form of safe alternative investments.

The Deda ecosystem is poised to capitalize on this market growth by providing a comprehensive suite of services that facilitate seamless interaction with digital assets. By addressing key challenges such as transaction security, user experience, and accessibility, Deda aims to become a leading player in the evolving digital currency landscape.

 

 

2.2 Target Market Segments

DedaCoin and the Deda ecosystem are designed to cater to a diverse range of market segments, ensuring broad adoption and utility across various user groups.

3. DedaBit Exchange

The DedaBit exchange is the initial focal point of the Deda ecosystem. The exchange allows users to trade and interact with leading cryptocurrencies including but not limited to BTC, ETH, DedaCoin, etc.

The DedaBit exchange is committed to global standards in the exchange, protection, storage, and management of digital assets. It supports all prominent and well-adopted blockchain network assets and also hosts unique hedging mechanisms for DedaCoin (explained further below).

Image [1]: DedaBit exchange SPOT trading

Transparency

The DedaBit exchange has made a commitment towards transparency, with audited profit reports being published on a quarterly basis. The exchange is built to bring trust to the users, with frequent independent monitoring and status reports being made available for our users.

Security of users’ funds

Our team of experienced security experts have designed the exchange with safety as the primary pillar of every user’s experience. The Dedabit exchange is built to prevent malicious external attacks, code execution failures, and unauthorized access. Our contracts are audited by top security firms well known in the web3 space to ensure our platform security has been analyzed externally.

Physical Presence

To ensure the highest quality of services, the Deda team is establishing physical support offices worldwide. The first inaugural DedaBit service support center, will be launched in United Arab Emirates. Plans are underway to expand these support offices to other GCC countries (Saudi Arabia, Bahrain, Qatar, Oman, Kuwait), as well as Turkey and Georgia.

Key Features boosting adoption

  • VIP services for users that offer a bespoke service for high-net-worth customers.
  • FIAT delivery networks for safe physical settlement of transactions.
  • Payment portals and transaction rails for online stores and ecommerce websites.
  • Proprietary POS devices for brick-and-mortar stores to support crypto transactions.
  • Growing network of crypto ATMs for quick retail transactions.

4. Deda Ecosystem

The Deda ecosystem encompasses numerous products and services to help boost adoption of digital assets. Our primary goal is to create infrastructure that will enable any person to transact with digital assets and currencies seamlessly across different payment verticals.

  • DedaGateway:

DedaGateway service allows digital stores and ecommerce merchants to receive payments in digital currencies such as Tether, BTC, ETH, and DedaCoin. Customers will be able to spend their digital assets directly on merchant stores and online stores seamlessly, bypassing any redundant FIAT conversions.

  • DedaLink:

DedaLink product allows public users to transact with each other, with on-chain verifiable transactions, in a frictionless manner. QR codes are generated for each payment request, and the transaction steps are recorded on the relevant blockchains.

  • DedaPOS:

Deda offers traditional POS devices that can be used in physical stores. These devices work like traditional POS devices, but also allow for payments using digital currencies that are processed securely and recorded on-chain.

  • DedaCard:

The DedaCard is a unique encrypted card that allows users to access their DedaBit and DedaPay wallets. DedaCards connected through the DedaWallet can be used for NFC transactions on DedaPOS machines.

  • DedaATM:

The DedaATM network is constantly expanding to allow for users to easily handle their token-FIAT conversions in a safe and secure ‘offline’ manner. The ATMs act as the physical center for easy management of users’ digital assets.

 

 5. DedaCoin

DedaCoin is the primary unifying currency that is used across the Deda ecosystem. The coin is poised as a utility token within the ecosystem, with value accretion from user activity and transactions across the suite of products and services. DedaCoin is built on three key pillars:

  • Primary currency for digital transactions, incentivized for usage across the Deda ecosystem.
  • Mode of staking, voting, and general governance over the ecosystem.
  • Vehicle for incentivization rewards, cashbacks, premium services, etc.

5.1 The Tokenomics

The Total Supply of 2,540,000,000 DEDA will be split among the four blockchains in identical initial distributions as shown below.

Pre_Sale (5%)

An initial 5% of the supply is earmarked for the initial sale of the DedaCoin. These tokens will follow a unique Hedge90 structure for both the sale and continued trading on DedaBit to ensure gradual and continuous growth of the token value.

Liquidity pool (15%)

The liquidity pool relates to the total tokens offered as market traded liquidity. This liquidity pool will be unlocked as the token sales progress. The liquidity will be hosted on DedaBit initially, with CEX/DEX listings planned in the roadmap.

Key Investors (15%)

Part of the supply has been allocated to the key investors that have helped build and support the Deda ecosystem. Their tokens are vested to align their interests with the team.

Asset-Backing Investments (30%)

Backing Investments Allocation refers to the placement of tokens for which the proceeds will be used to diversify the value of the token into other global investments and assets. These can include gold, real estate, equities, etc. and will be managed by our expert investment team to hedge the value of the token against crypto market volatility.

 

Management Team (5%)

The Management team receives vested tokens to drive partnerships and develop business monetization further. This alignment across stakeholders ensures sustainable growth of DedaCoin and the Deda ecosystem.

 

Technical Team (10%)

The technical team receives vested tokens to align themselves with the advancement of the ecosystem products. These tokens are vested to ensure continuous improvements and product launches are incentivized for the team.

 

 

Burn Pool (20%)

The burn pool is related to the allocations reserved for introducing deflationary events for DedaCoin. The Deda team will oversee the token burning events and designate the amount and frequency of tokens being burnt.

Tokens designated for burning will be sent to an irreversible address within custom burn contracts. The transparency and irreversibility of this process are guaranteed, as the Deda community can review the smart contract’s code on chain. This method ensures that all token burning activities are conducted with the utmost transparency, reinforcing trust and confidence within the DedaCoin community.

Token Chain Migration Methods:

  • Using the Centralized Exchange DedaBit:

Users can transfer their DedaCoin tokens to the DedaBit exchange on any supported network. When transferring tokens out of DedaBit to an external wallet, users can select their desired transfer network and receive the tokens on that network.

  • Using DedaBridge:

By visiting https://dedabridge.co, users can utilize the DedaBridge feature. Here, they can specify the number of tokens and the source network and receive the equivalent amount of tokens on the destination network

5.2 Multi-Chain Bridge

To enable the seamless transfer of DedaCoin tokens across multiple blockchain networks, we have developed DedaBridge. This functional smart contract ensures that users can move their DedaCoin tokens from one network to another efficiently and securely. DedaCoin is initially launched on the Binance Smart Chain network, with additional immediate launches on ETH, Tron, and MATIC.

As an additional safeguard, the token cannot be minted after initial deployment on any of the chains.

DedaBridge Mechanism:

5.3 Hedge90 Mechanism

The Hedge 90 Model represents an innovative and revolutionary approach to launching digital assets while protecting investor downsides. This model integrates advanced mechanisms for smart contracts and blockchain technology to provide a secure and transparent environment for managing assets and transactions. Tokens will be sold through a unique Hedge90 mechanism through the DedaBit exchange.

The Hedge90 mechanism is made to limit the downside exposure for users investing in DedaCoin by creating a pseudo asset-backed token that holds proceeds from the direct sales of DedaCoin in the contract itself for trustless user-initiated buybacks.

The Hedge90 mechanism allows users to sell their tokens back to the contract to receive approximately 90% of their initial purchase price. A 4% fee is charged on Hedge90 transactions.

To ensure appropriate usage of the Hedge90 mechanism, if the underlying asset price is volatile and fluctuates more than 100 bps during the time between the initiation and execution of the transaction, the transactions are considered voided, and the user will need to re-initiate the hedge90 purchase.

The majority of the USDT proceeds for token sales are retained within the smart contract for sell-backs from users, removing any liquidity or counterparty risk and reducing the speculative volatility for investors.

Dual Smart Contract System:
  • Price Feed Contract: This contract reads the price of DedaCoin from the DedaBit OTC site every hour.
  • Main Contract: This contract inherits data from the price feed contract to maintain updated pricing information.
Advantages:
  • Users can get back 90% of their initial investment if the token price drops, limiting their maximum downside exposure.
  • The non-upgradeability of the smart contract ensures trust and security.
  • Ensures liquidity is managed within the smart contract, reducing speculative volatility and counterparty risks.
  • Tokens bought using Hedge90 are tradable on major global exchanges, with the unique advantage of the buyback guarantee if the price drops.

5.4 Hedge100 Mechanism [COMING SOON]

To foster adoption among SMEs and enterprises, the Deda team is developing a unique Hedge100 mechanism for DedaCoin on the Tron network. Using the hedge100 mechanism, retailers and businesses can transact in DedaCoin without any price action risk affecting their profitability. The Hedge100 is built to ensure that there is zero slippage in value for businesses, ensuring only upside exposure.

6. Managed Investments

DedaCoin is designed to be backed by real-world investments, creating intrinsic value for the token, hedging the ecosystem’s value, and ensuring stability and trust within the Deda community. The approach to managing investments includes diverse and secure methods to provide transparency and confidence in our financial activities.

Safe Investments: 30% of DedaCoin supply is sold and the proceeds are used for investing in low-risk investments such as gold, central bank deposits, and real estate. These investments are chosen for their stability and potential to preserve value over time, creating a stable asset base for Dedacoin.

Transparency: Investment details and profits are transparently reported, allowing the community to monitor the performance and security of these investments.

Blockchain-based Asset Management: We utilize smart contracts to manage assets within the blockchain space. These contracts provide a transparent and automated method of handling investments, reducing the risk of human error and enhancing trust. Complexities and niche features on the smart contract mechanisms are still under development.

 

Proprietary DedaChain Blockchain (Future Implementation): With the launch of DedaChain, our proprietary blockchain, we aim to manage assets directly on our platform. This method will optimize the management process and minimize transaction costs. The same smart contract principles will apply, ensuring transparency and efficiency. By transferring asset management to our blockchain, all information will be publicly accessible and verifiable, allowing for real-time auditing and swift updates.

 

7. Governance and Rewards

DedaCoin emphasizes community involvement and democratization within the Deda ecosystem, ensuring that token holders have a significant influence on the platform’s evolution and direction.

Governance and Voting:

 

DedaCoin token holders are empowered to participate in the governance of the ecosystem. By holding DedaCoins, users gain the ability to vote on key decisions and development programs. This includes, but is not limited to:

  • Protocol Updates: Proposals for upgrades and changes to the DedaCoin protocol.
  • Feature Enhancements: Introduction of new features or modifications to existing services within the Deda ecosystem.
  • Strategic Partnerships: Decisions regarding collaborations and partnerships with other platforms and organizations.
  • Community Initiatives: Funding and support for community-driven projects and initiatives aimed at improving the ecosystem.

Rewards and Incentives:

Active participation is incentivized through a range of rewards, designed to encourage continuous engagement and contribution to the ecosystem’s growth.

  • Transaction Fee Reductions: Token holders can benefit from reduced transaction fees on the DedaBit exchange, making their trading activities more cost-effective.
  • Special Subscriptions: Exclusive access to premium services and features, such as advanced trading tools, AI-powered analytics, and priority customer support, are offered to active community members.

 

8. Security and Infrastructure

The Deda ecosystem prioritizes security and efficiency, focusing on transaction security, value preservation, and the development of proprietary blockchain technology to enhance transaction speed and reduce costs.

Transaction Security and Value Preservation

DedaCoin employs a robust security framework to ensure the safety of user assets and to maintain the stability of the token.

The DedaBit exchange integrates state-of-the-art security measures, including:

  • Encryption: All transactions and user data are encrypted to prevent unauthorized access and ensure data integrity.
  • Two-Factor Authentication (2FA): Extra security layers and authentication levels are offered to ensure safe usage of the platform by users.
  • Regular Audits: The DedaBit exchange undergoes frequent security audits by top-tier security firms, ensuring that all protocols and smart contracts are up to date and secure.

These measures collectively safeguard the Deda ecosystem, providing users with confidence in the security and reliability of their transactions.

 

Development of DedaChain

In a bid to further enhance transaction efficiency and reduce costs, DedaCoin is developing its proprietary blockchain, known as DedaChain. This dedicated blockchain infrastructure aims to address the scalability and speed limitations often encountered in other blockchain networks.

Key Features of DedaChain:

  • Enhanced Transaction Speed: DedaChain is designed to process transactions at a higher speed, significantly reducing waiting times and improving user experience.
  • Lower Transaction Costs: By optimizing the blockchain architecture, DedaChain aims to lower the transaction fees associated with digital currency transfers, making it more economical for users.
  • Custom Security Protocols: DedaChain incorporates advanced security protocols tailored to the specific needs of the Deda ecosystem, ensuring robust protection against potential threats.

In addition to emphasizing transaction speed and security, DedaChain will introduce modern methods for both crypto and fiat transactions. Furthermore, it will offer a platform for managing physical assets on the blockchain, presenting a novel approach different from the traditional methods of Real World Asset (RWA) tokenization.

The integration of DedaChain into the Deda ecosystem represents a significant step forward in achieving greater efficiency and security. This development positions DedaCoin as a leading digital currency in the market. Details of DedaChain’s functionalities and capabilities will be revealed at its launch and included in future editions of the whitepaper.

By offering new innovative asset management solutions, DedaChain aims to set new standards in the blockchain space, ensuring that users benefit from the most advanced and secure technologies available.

 

9. User Engagement and Retention Strategy

Creating a great product is only the beginning; fostering growth and retention is essential for sustained success. Our aim is to create an environment where users feel confident and prefer our platform over traditional transaction methods. This section outlines our adoption and retention strategy.

9.1 DedaAcademy

DedaAcademy is a dedicated educational platform available to the public for free, designed to equip our user base with the necessary knowledge to engage with the Deda ecosystem. Our courses cover a wide range of topics, tailored to different user needs and levels of expertise:

  • Amateur Users: Courses for those who want to use digital currencies as an alternative to fiat money, focusing on the basics of digital currency, how to conduct transactions, and general financial literacy.
  • Professional Users: Advanced courses aimed at those looking to engage in complex financial strategies, including investment tactics, trading strategies, and market analysis.

Beyond financial strategies, DedaAcademy also provides comprehensive training for individuals interested in deeper aspects of blockchain technology and related fields. These courses include:

  • Blockchain Fundamentals: Understanding the basic concepts of blockchain technology, its architecture, and its applications.
  • Smart Contracts: Detailed insights into how smart contracts work, their use cases, and how to develop them.
  • NFTs (Non-Fungible Tokens): Exploring the creation, trading, and utilization of NFTs across platforms and their impact on digital ownership.
  • Metaverse: Training on the evolving concept of the metaverse, its potential applications, and how to participate and invest in this burgeoning field.

Recognizing the diversity of our Eurasian user base, each course will be progressively offered in multiple languages to ensure accessibility for all users. By providing extensive and accessible education, DedaAcademy aims to eliminate fear, doubt, and uncertainty surrounding digital currencies and empower users to confidently engage with the Deda ecosystem and beyond.

9.2 DedaPress

While basic education is essential for adoption, retention is the true measure of success. Just as in conventional finance, knowing how to spend money does not create an economy — users must also know how to grow their digital currencies.

DedaPress is a news feed that keeps our users informed about the latest trends, investment information, analyses, tutorials, and security practices. Our proprietary services include:

  • Market Trend Analysis: Using advanced language models to analyze market data and patterns, presenting it in an easily digestible format with charts and summaries.
  • Professional Insights: Reports and reviews by seasoned analysts, along with curated articles on developments across financial markets.

On the first day of every month at 12:00 GMT, DedaPress publishes accurate and up-to-date market information. This information will be accessible through our news website, social media platforms, and mobile apps, in both text and audio formats. To cater to a global audience, updates will be available in English, French, Spanish, Arabic, Persian, Chinese, and Japanese.

 

9.3 DedaInvest

Mass adoption of digital currencies means many users will want to invest but may lack the time or patience to conduct thorough research. To address this, we provide access to expert investors who will manage their investments.

Investment Baskets:

Our primary offering is private digital ETFs structured by our in-house team with extensive experience in large-scale investments across secure global markets. These baskets come with minimal guaranteed profits, providing users with targeted investment opportunities without worry.

Copy Trading:

Users can also opt for copy trading from community experts. This method, successfully adopted by exchanges like Binance (for crypto), allows users to replicate the trading strategies of seasoned investors.

9.4 DedaClub

To make our ecosystem more appealing and engaging than conventional payment structures, we introduce DedaClub, our loyalty rewards system.

Leveraging the DedaPay ecosystem, we integrate loyalty point programs and offer exclusive discounts across various vendors and commercial storefronts whenever users make payments through our interfaces. Users who purchase premium access to DedaClub will gain additional benefits and rewards.

Our goal is to create demand for DedaPay usage while benefiting partner vendors through increased purchases driven by subscription discounts.

9.5 Brand Presence

A comprehensive adoption strategy requires constant engagement with users. To attract new users and retain existing ones, we will maintain active communication channels on social media platforms like Twitter, LinkedIn, and Instagram.

Influencer Partnerships: We will collaborate with influencers, inviting them to trial our payments ecosystem and recommend it to their followers based on their experiences. Our primarily digital approach aligns with our mission to embrace the digital revolution fully.

 

 

10. Roadmap

 

Phase 1: Introduction and Awareness

 

  • Introduction of Deda project and DedaCoin.
  • Launch of DedaBit exchange and promotion of DedaCoin.
  • Release of explanatory guide videos and blogs.
  • Launch of advertising campaigns and SEO optimization.
  • Introduction and marketing of Hedge90 innovation.
  • DedaCoin listings on DedaBit and CMC/CG.
  • Publishment of knowledge guides on Hedge90 and DedaBit.
  • Launch of Pre_Sale and website token sales.
  • Partnerships entered with crypto influencers .
  • Launch of DedaInvest.
  • First external CEX listing.
  • Launch of DedaInvest tutorials.
  • Enhancement of social media advertising.

Phase 2: Expansion and Engagement

 

  • Announcement of additional CEX listing.
  • Participation in international exhibitions and conferences.
  • Onboarding of international enterprise partners.
  • Launch of Deda POS, Deda Gateway, and DedaLink.
  • Host community events and competitions
  • Ramp up of social media advertising.
  • Launch of DedaPay dApps and NFC cards.
  • Emphasize innovative hedging for merchants using DedaPay.
  • Introduction of first stores using DedaPay and POS.
  • Launch of Hedge100 on Tron network.
  • Marketing of staking DedaCoin in DedaInvest.

 

 

Phase 3: Product Development and Market Penetration

 

  • Additional CEX listings and Liquidity Pools.
  • Introduction of new features in DedaBit and DedaInvest.
  • Expansion of the Deda ecosystem.
  • Launch of targeted User Acquisition campaigns.
  • Promotion of DedaCoin in everyday transactions.
  • Expansion of educational resources and tutorials.
  • Initiate Global Marketing endeavors,
  • Review and enhancement of overall user journey.
  • Plan for future product launches and updates.

Phase 4: Consolidation and Future Planning

 

  • Review user experience and feedback.
  • Plan additional product development and improvements.
  • Expansion of DedaCoin’s market reach.
  • Development of advanced educational resources.
  • Enhancement of DedaCoin’s value through strategic partnerships.
  • Introduction of staking and other investment opportunities.
  • Preparations for the next phase of DedaCoin’s growth.
  • Development of new products and tools based on user demand.

 

Closing Statement

DedaCoin aims to make universal secure availability and adoption of cryptocurrency by facilitating all the conveniences and accessibility of conventional finance to every user. Through the innovative DedaBit exchange, DedaPay, and the comprehensive Deda ecosystem, we are committed to providing users with a secure, efficient, and user-friendly platform for managing digital assets. Our focus on education, investment guidance, and user engagement ensures that all users, from novices to seasoned investors, can confidently navigate the world of digital currencies.

The development of proprietary technologies like DedaChain underscores our dedication to innovation and efficiency, offering enhanced transaction speeds and lower costs. Our stringent security measures and transparent governance model reflect our commitment to trust and reliability, vital for fostering a thriving digital economy.

By prioritizing user experience and maintaining active community engagement, DedaCoin is poised to become a leading force in the digital currency market. We invite you to join us on this exciting journey, as we revolutionize the way people interact with and perceive digital assets.

Together, we can create a future where digital currency is seamlessly integrated into everyday life, delivering unparalleled value and opportunities for all.

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