QAU (Quantum) to DTR conversion
Quantum project merge with Tokens.net was announced on May 31, 2018. Conversion 1,0 QAU for 3,9 DTR started on 15 June 2018 and ended on 15 October (extended from 15 September) 2018 merging Quantum project liquidity pool in value of 2.417,32 BTC into Tokens.net.
Funds were used to provide liquidity, connecting available crypto markets HitBTC, GateHub and Livecoin, arbitraging price differences using algorithmic margin trading. According to the announcement, merge with Tokens.net promised to deliver much higher benefits. Liquidity pool was used to purchase DTR tokens either on the market, over the counter (OTC) or with temporary use of company token reserves.
DTR token price
Current Dynamic trading rights (DTR) token price is
Tokens.net Initial coin offering (ICO)
Tokens.net ICO was announced on October 29, 2017. Crowdsale started on November 6, 2017 and ended on November 26, 2017 reaching the 15 million USD (3,5 billion DTR) hard cap thanks to 1.799 backers. Approximately 7,7 million USD was raised in one week of presale, at no discount, according to Tokens.net ICO terms of sale.
DTR tokens were proportionally distributed 40% among ICO backers, 30% to team members with vesting cliff and 30% to company reserves in case needed to fund operations. Costs will be distributed as follows: 40% development, 10% servers and support, 20% operations, 20% marketing and 10% legal.
Dynamic trading rights (DTR)
DTR tokens are used for trading on tokens.net crypto asset exchange.
DTR tokens are used to pay for trading fees on the platform (starting on December 1, 2018, ending promotional period). For traders not using DTR tokens this is done in the background. Tokens can provide a hedge against market volatility, as higher trading volume makes more platform earnings. Supply of DTR tokens is limited, narrowing with every used (burned) token, increasing their value. With fixed trading fees, trading practically becomes zero cost, attracting big holders and traders.
Dynamic trading rights can be used for trading against many crypto assets like bitcoin, ethereum and tether (DTR/BTC, DTR/ETH and DTR/USDT). DTR Voices can be used for voting about trading pair listings, other decisions about the platform and trading (starting on November 1, 2018 with 1,000 DTR Voices airdrop to every Tokens.net account).