What is Auctionity (DRT Tokens) – Decentralized Blockchain Auctions

by Ankur Gupta · October 4, 2017

Auctionity is a free and open – source blockchain that is responsible for the decentralization of real – time auctions all around the world. It uses several new kinds of outstanding and advanced technologies introduced by various blockchain experts. The users of this platform can log of bids and can also perform transactions upon registration. If an user wants to purchase Auctionity tokens, he must have an Ethereum wallet. The major motto of this platform is to revolutionize the different auction types. The users of this platform usually belong to any one of the following:

Live auctioneers
Delivery services
Appraisal experts
Online auction providers
Escrow

It is a dropcatching startup based in France and was established in 2013. Tristan Colombet is the founder as well as the chief executive officer (CEO) of this platform. This technique include reserving newly dropped/expired domain names (such as .com, .net, and .fr) and selling them through auction. Its partnership concerns include La French tech, Credit agricole, and Jaxx and so on.

The tokens of Auctionity are usually referred to as DRT, which are ERC – 20 tokens utilized for the financial growth as well as the development of the platform. Such tokens can be traded across the exchanges like Elterdelta, coinone and Bittrex.

Token Specifications:

Total amount of tokens issued for crowdsale: 1 billion
The value of 1 DRT is 0.117 US Dollars ($0.117)
Percentage of tokens distributed for giving incentives: 50%
Percentage of tokens distributed for sale: 35%
Percentage of tokens distributed to the stakeholders like the team, community and advisers: 15%.

Token spending and earning:

The DRT tokens can be spent with the following steps:

Organization of auctions
Certified auction deposition
Winning of auctions

The DRT tokens can be earned with the following steps:

Sale of products and assets at auction
Receiving sales commissions
Sale of blockchain based services.

Unique features of Auctionity:

It is an unique platform with complete dedication to auctions.
It is highly transparent, inter – operable, adaptable, reliable and also speedy.
It holds a team of experienced professionals with high maturity.
It has faced a massive growth with sales rate of around 20,000.
It acts like the core of an innovative auctioning platform beyond the registration of auctions as well as bids.
It contains several prestigious clients, who always look for high quality works in the fields of marketing, SEO and brand protection.
It supports Bitcoin (BTC) and Ethereum (ETH) payments.
It holds a variety of valuable service providers, who are responsible for the improved network functioning.
It is designed exclusively for the auctioning players all across the globe.
It incorporates several advanced features, in order for the platform to get adapted to a variety of sales types.
It does not have any certain limit for token purchase.