DomRaider PriceDRT

What is DomRaider (DRT)?

DomRaider (DRT) is an ERC20 cryptocurrency token that operates on the Ethereum platform. According to the project's whitepaper, the first version of the DomRaider platform was developed on the basis of security guarantees that use ERC20 DRT tokens and on an auction management system. The project is positioned within the blockchain and fintech space, with its Instagram bio stating an aim to develop innovative solutions through blockchain technology. DomRaider is also associated with Auctionity, as referenced in the project's X posts. The token has a total supply of 1,300,000,000 DRT and a circulating supply of 591,500,000 DRT, representing approximately 46% of the total supply. The project launched in 2017 and remains listed on a limited number of trading markets.

Key Specifications & Tokenomics

• Name: DomRaider
• Ticker / Symbol: DRT
• Blockchain / Platform: Ethereum
• Token Standard: ERC20
• Smart Contract Address: 0x9af4f26941677c706cfecf6d3379ff01bb85d5ab
• Decimal Places: 8
• Category: Platform
• Total Supply: 1,300,000,000 DRT
• Circulating Supply: 591,500,000 DRT
• Max Supply: 1,300,000,000 DRT
• % of Max Mined: 45.5%
• Mineable: No
• Fully Diluted Valuation: $1.28M
• Market Cap: $582,390
• Launch Date: 2017-08-29

Who created DomRaider?

Detailed public information about the founding team and individual creators of DomRaider is currently limited. The project maintains an official presence through its website at token.domraider.com and an additional site at www.domraider.com. A whitepaper is publicly available and describes the technical foundations of the platform. The project's social media presence includes an X account and an Instagram account with 798 followers and 105 posts. The Instagram bio describes the project's mission as conquering the future through blockchain and developing innovative solutions in the blockchain and fintech sectors.

How does DomRaider work?

DomRaider operates as an ERC20 token on the Ethereum blockchain, utilizing the security guarantees provided by the Ethereum network. According to the project's whitepaper, the first version of the platform is built on an auction management system that leverages ERC20 DRT tokens. The token functions within this auction management framework, providing the utility layer for platform operations. The smart contract address for DRT is 0x9af4f26941677c706cfecf6d3379ff01bb85d5ab with 8 decimal places. Staking of DRT tokens is referenced in the project's communications, indicating that token holders can participate in staking mechanisms. The platform is associated with Auctionity, suggesting an integration or development relationship between the two projects.

What makes DomRaider unique and valuable?

DomRaider's primary distinction lies in its focus on auction management systems built on blockchain technology. The project combines ERC20 token security guarantees with an auction management framework, creating a specialized use case within the broader Ethereum ecosystem. The association with Auctionity and the referenced staking functionality for DRT tokens suggest an evolving utility model. The project's positioning at the intersection of blockchain and fintech reflects its attempt to address practical business applications. With a fully diluted valuation of $1.28M and a market capitalization of $582,390, DomRaider represents a small-cap project within the cryptocurrency market. The project's longevity since its 2017 launch demonstrates persistence in the blockchain space.

What is DomRaider used for?

DRT tokens serve multiple functions within the DomRaider ecosystem. Primarily, ERC20 DRT tokens are used within the platform's security guarantees and auction management system as described in the project's whitepaper. The tokens facilitate operations within the auction management framework, providing the necessary utility layer for platform activities. Additionally, staking of DRT tokens is referenced in the project's X communications, indicating that holders can stake their tokens for enhanced functionality. The token may also be available for swapping via decentralized products. As an ERC20 token, DRT can be transferred, stored, and managed using any compatible Ethereum wallet. The token's utility is intrinsically linked to the platform's auction management operations and associated services.

How Is the DomRaider ecosystem developing?

The DomRaider ecosystem is developing through its association with Auctionity and the expansion of staking capabilities for DRT tokens. The project's X account has referenced exciting news and developments for Auctionity and DRT, indicating ongoing activity. Staking of DRT is highlighted as a feature that is expected to improve. The ecosystem operates on the Ethereum platform, leveraging its established infrastructure and security model. DRT is listed on a limited number of trading markets, with pairs including DRT-WAVES, DRT-USD, and DRT-DOGE. The project maintains an official website and an additional informational site, along with a presence on X, Instagram, and YouTube. The whitepaper remains available for public reference, documenting the technical foundations of the platform.

How to mine DomRaider?

DomRaider is not a mineable cryptocurrency. According to available information, DRT is not subject to traditional mining processes. Instead, the token operates on the Ethereum platform as an ERC20 token, with its full supply already issued. The project references staking of DRT tokens as a mechanism for token holders to participate in the ecosystem. Staking allows holders to lock their tokens to potentially earn rewards or enhance their utility within the platform. Since DRT is not mineable, there is no proof-of-work mining process associated with the token. Token holders who wish to participate in network activities should explore staking options as referenced in the project's communications. The absence of mining means the total supply is fixed at 1,300,000,000 DRT.

How to keep your DomRaider Coin safe?

Keeping DRT tokens safe requires adherence to standard cryptocurrency security practices. Since DRT is an ERC20 token on the Ethereum platform, it can be stored in any Ethereum-compatible wallet that supports ERC20 tokens. Users should ensure their wallet's smart contract address matches the official DRT contract address to avoid confusion with fraudulent tokens. Hardware wallets provide enhanced security by storing private keys offline. For those using online services, selecting platforms with robust security features is important. Some platforms offer encryption via Secure Socket Layer with two-factor authentication, cold storage reserves, and daily encrypted backups. Users should always verify contract addresses before conducting transactions and maintain secure backups of their private keys and recovery phrases. Never share private keys with anyone, and be cautious of phishing attempts.