The Dogecoin community will be pleased to hear about the launch of Dogeparty Assets, a service providing simple and easy-to-use Dogeparty tools. It will also serve as a platform to inform novice users about Dogeparty assets, the platform, and how it can be beneficial to them. After all, Dogeparty Assets is a crypto 2.0 company.
Understanding Dogeparty’s Technology
While the Dogecoin community is incredibly big and diverse, and more and more people are joining the ranks on a daily basis, not everyone has gotten acquainted with the term Dogeparty just yet. Contrary to popular belief, Dogeparty is not a party for Dogecoin enthusiasts around the world, but rather an innovative platform for peer-to-peer markets and financial instruments.
Unlike “mainstream” counterparts such as Wall Street, where everything is being kept under close wraps, Dogeparty provides transparency, secure financial tools and markets which do not require the involvement of a middleman. As the name suggests, the Dogeparty protocol is based on Counterparty, and works on the same principles of decentralizing and democratizing finance in the same way the Internet itself has done with the creation and sharing of information.
Even though Dogeparty is based on the Counterparty protocol, it is actually built on top of Dogecoin. As a result, Dogeparty extends the functionality of the Dogecoin network by offering anyone access to financial tools which were previously unattainable. All of this enables entrepreneurs, developers and enthusiasts to work towards a more productive economic model, which in turn will lead to doing more social good.
One of the main aspects of Dogeparty is the fact users can create a digital token. These digital tokens can be compared to stock ticker symbols, and are made available on the Dogeparty marketplace. Each token represents an organization, product, service or anything else the user wants it to represent.
The creation of these digital tokens also leads to new ways to organize crowdfunding campaigns. Tokens can be sold in exchange for either Dogecoin or XDP (Dogeparty) by using Dogeparty’s digital “vending machine” technology. Crowdfunding for the community by the community , the way it should be done.
Rewarding those who invested in your token is incredibly useful and allows the token owner to issue dividends. After all, every token someone purchases has to represent something, whether this comes in a digital or virtual form. Don’t mistake crowdfunding for a venture capital seed funding, as they are completely different things.
Furthermore, the creation of digital tokens through the Dogeparty protocol does not mean they have to represent something new. Tokens can easily be linked to real world commodities or existing fiat currencies. To give an easy example, someone can create a token representing US Dollars, and set up a trading market for XDP/USD that way.
As is the nature of cryptocurrency in general, tokens issued through the Dogeparty protocol are traded peer-to-peer with anyone in the world. In fact, it doesn’t matter whether you know or even trust the other party involved, as Dogeparty takes care of the role of the middleman. The Dogeparty protocol is not human, and can not be influenced by emotions such as greed, hate or favoritism.
I did mention the aspect of advanced financial instruments being offered by Dogeparty. Binary options and contracts for difference are just two examples of what Dogeparty can bring to the table. Support for other financial instruments, such as swaps, futures and options are being worked on and will be made available in the future.
Which Are The Benefits of Dogeparty?
The concept of Dogeparty is very technical and complicated at best, making user-friendliness a key element in order to make this platform a success. Thanks to the Dogeparty Wallet, anyone in the world can start using the Dogeparty platform immediately, without any prior technical knowledge or interest.
Dogeparty is community-driven and open source, which means anyone can be a part of this new form of global financial marketplace which operates without any exchange fees. Furthermore, risk is hedged without paying a broker, and no third parties will receive a kickback for hosting a crowdfunding campaign, as is the case now with platforms such as Kickstarter and Indiegogo.
With such an open platform, security is a key element. Dogeparty has a built-in escrow system protecting both the buyer and seller in every transaction. Because of this, there is no third party involved, no bank account or central server that can be hacked or seized. Basically, there is no central point of failure to to the decentralized nature of Dogeparty.
For more information about the benefits offered by Dogeparty, click here.
What is XDP?
XDP is the native currency of Dogeparty, which came into existence by “burning” roughly 1.8 billion Dogecoin in August of 2014. Burning Dogecoin means these coins were sent to a DOGE wallet address which is unspendable, as no one knows the private key associated with the address, making that amount completely unusable.
To put this into perspective, 1.8 billion Dogecoin represented about US$457,000 of digital wealth at the time of “burning”. As a result of this action, 2.6 million XDP were created by the system, and distributed among users who participated in the “burning”. No more XDP will ever come into existence, making them a valuable commodity to trade on open exchanges.
So What Value Does Dogeparty Assets Bring To The Table?
Due to the fact anyone and everyone can create their very own digital token, it is important to have some sort of overview of all available Dogeparty assets. Dogeparty Assets offers an Asset Whois Service, where users can the available assets, and learn more about the reason they were created, as well as finding out whether or not they are for sale right now.
Secondly, Dogeparty Assets also runs a Broadcast Whois Service, which serves as a public ledger listing the latest Dogeparty broadcast and links to view information on each broadcast and associated website if available. For me personally, It’s hard to determine the exact value of such a service, but I’m sure there are plenty of users who will find it usefu
Note from the author : Both of the aforementioned services can be used completely free of charge.
When you want to create your very own Dogeparty asset for a project, it will need to go through a registration process on Dogeparty Assets. This is a simple three-step process which will only take a few minutes to complete in order to get your digital token up and running. Payment for the registration of an asset can be done with either Bitcoin, Litecoin or Dogecoin.
Should you ever decide to hand over the ownership of a Dogeparty asset, or buy a Dogeparty asset owned by someone else, Dogeparty Assets can help you with that. The Asset Transfer/Escrow service will ensure anonymity for both parties and hold any funds related to the transaction in escrow until ownership of the asset has been transferred.
Getting the word out about the super awesome asset you have created plays a pivotal role on the road to success. Dogeparty Assets offers an Asset Enhancement Service, including setting up and hosting a website for your asset, with its very own .info domain. This is an excellent service for those among us who are less tech-savvy when it comes to creating a website.
Last but not least, there is the Broadcast Enhancement Service offered by Dogeparty Assets. Similar to the Asset Enhancement Service, you will also receive a secure website, set up and hosted by the Dogeparty Assets team. Users can associate as much information with their broadcast as they like, including social media URLs and even custom names.
Website : http://dogepartyassets.com/home