DuckChain MiCAR White Paper
IN ACCORDANCE WITH
TITLE II OF REGULATION (EU) 2023/1114
IN ACCORDANCE WITH
TITLE II OF REGULATION (EU) 2023/1114
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Principal Activities: DuckChain focuses on building a decentralized ecosystem integrating blockchain technology with various user-centric functionalities. Key activities include:
Staking Initiatives: Launching and expanding staking campaigns to incentivize user participation, enhance network security, and foster long-term ecosystem engagement.
Ecosystem Development: Promoting DeFi, NFT marketplaces, and gaming dApps under the DuckChain Ecosystem Season initiative, driving user adoption and developer engagement.
Validator Network Expansion: Strengthening decentralization and transaction reliability by expanding the validator network.
Product Upgrades: Enhancing the Duck Unified Wallet for seamless asset management, staking, and interaction with dApps.
Community Engagement: Hosting global hackathons and introducing MEME-driven campaigns to attract developers and engage Web3 communities.
Principal Markets:The project targets the Web3 ecosystem, developers, NFT and DeFi users, blockchain enthusiasts, and businesses seeking decentralized advertising and innovative blockchain solutions. Additionally, it focuses on creating cross-chain compatibility to streamline interactions between ecosystems.
DuckChain, established to build a decentralized blockchain ecosystem, has demonstrated significant growth and development since its inception. Below is a review of its financial condition, including the development and performance of the business, supported by financial and non-financial Key Performance Indicators.
Fundraising Overview:
DuckChain has successfully raised a total of $5M to date. The funds are being used to strengthen core infrastructure, accelerate product development, expand the ecosystem, and grow the global community.
Economic Activity:
Gas fee revenue from DuckChain's tokenized Telegram Stars and integration with TON and DUCK governance tokens has fostered a self-sustaining economic model. This revenue model provides a robust foundation to support ongoing operations.
Developer contributions, including profit-sharing and equity stakes, have further diversified revenue streams and enhanced ecosystem scalability.
Product and Ecosystem Development:
Launch of high-frequency consumer and financial dApps has significantly increased transaction volumes, contributing to on-chain activity and revenue generation.
Cross-ecosystem interoperability, connecting Telegram users to enter crypto through AI, EVM, and beyond.
Integrated with over 50 projects across DEXs, bridges, AI, RWAs, wallets, and NFTs, substantially enhancing overall ecosystem vitality.
User Engagement: High user interaction rates through tokenized assets and DeFi activities, reflected in rising gas fee revenues.
Developer Participation: Significant growth in developer activity, driven by funding, technical resources, and marketing support.
On-Chain Activity: Measurable increases in transactions and ecosystem value through diverse advertising formats and high engagement with Telegram users.
Gas Fee Model: The introduction of DuckChain Star and DuckChain Ton has driven on-chain activity, linking Telegram's social ecosystem with blockchain use cases.
Product Innovations: Upgraded wallet functionalities and cross-chain interoperability have improved user experience and broadened the scope of ecosystem interactions. Launched staking functionality, enabling users to earn yields by staking their assets.
Advertising Revenue Model: DuckChain's advanced advertising system has created new revenue streams, aligning user rewards with developer incentives to promote ecosystem growth.
Short-Term Resources: Revenue from gas fees and advertisements provides consistent cash flow to support day-to-day operations.
Long-Term Resources: Funds raised from private and public rounds serve as a foundation for strategic initiatives, including the public mainnet launch and governance token distribution.
DuckChain is the Telegram AI Chain and is the largest EVM chain in Telegram, bridging over 1 billion Telegram users into the Web3 ecosystem. Developed by Scaling Labs and built on Arbitrum Orbit, DuckChain integrates AI-driven solutions, EVM compatibility, and seamless blockchain accessibility to enable mass adoption like never before. By enabling seamless integration with the Telegram ecosystem and AI-driven tools, DuckChain accelerates the goal of crypto mass adoption while simplifying user onboarding with features like unified gas payments and intuitive interactions. It empowers both users and developers, driving blockchain adoption through interoperability and scalability. As the Telegram AI Chain designed specifically for Telegram’s 1 billion+ global users, DuckChain plays a key role in transforming Telegram into a blockchain-powered super-app.
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Onboarding Telegram Users into Web3:
Tokenized Telegram Stars: Telegram Stars will be tokenized, transforming them into blockchain tools for staking, NFT minting, and DeFi.
Seamless Conversion: Telegram Stars can be easily converted into DuckChain Stars for on-chain payments with a one-click process.
Simplified Onboarding: The integration removes the need for complex wallets, embedding Web3 functionality directly into the Telegram interface, lowering barriers to Web3 adoption.
EVM Extension Layer for TON:
EVM Compatibility: DuckChain enables Ethereum-standard tools (like Hardhat and MetaMask) to work with TON, simplifying the migration for developers.
Ecosystem Expansion: DuckChain bridges TON with Ethereum and Bitcoin, enhancing liquidity and interoperability between blockchains.
Access to dApps: Users can access thousands of decentralized applications (dApps) like DeFi and gaming through Telegram, maintaining a familiar user experience.
Modular Infrastructure for Consumer dApps:
Account and Chain Abstraction: DuckChain allows seamless interaction with multi-chain assets, offering flexibility for users and developers.
High-Performance Architecture: DuckChain’s infrastructure can handle millions of transactions per second with rapid transaction finality.
Scalable Infrastructure: The platform supports a vast user base, like Telegram’s, enabling large-scale Web3 adoption.
Testnet Launch (2024 Sept 18 - 2024 Nov 18): During this period, DuckChain achieved impressive engagement metrics with 2.83M wallets and 200K–300K daily active users (DAU). The testnet was essential in demonstrating DuckChain's scalability and user engagement.
Beta Mainnet Launch (2024 Nov 18 - 2025 Jan 15): As of the beta mainnet phase, DuckChain has significantly expanded its user base to 8.7M wallets and consistently attracts 200K–300K DAU.
Telegram Portal Launch: The DuckChain Telegram portal achieved over 20 million total users, with 2 million DAU and 15 million MAU, making it a key entry point for users into the DuckChain ecosystem.
Public Mainnet Launch: Rolling out DuckChain's public mainnet to support large-scale developer activity and user engagement, ensuring stability and scalability. Over 50+ protocols have integrated with the DuckChain public mainnet.
Website Traffic and Blockchain Activity:
The DuckChain website has seen robust traffic, with 48 million total transactions and an average of 2.45 million daily transactions as of January 6, 2025.
$DUCK Token Utility: The $DUCK token is the backbone of the DuckChain ecosystem and plays a critical role in several aspects of the platform:
Governance:
$DUCK empowers holders to participate in decentralized decision-making through AI-enhanced governance mechanisms. This ensures a scalable and inclusive governance model for the platform.
Staking:
Users can stake $DUCK tokens to help secure the network while earning rewards. This incentivizes long-term engagement and provides stability within the ecosystem.
Gas Fees:
$DUCK serves as the primary currency for transaction fees within DuckChain. It utilizes a unified gas payment system to streamline the payment process for both users and developers, making it easier for participants to interact with the platform.
Ecosystem Currency:
Beyond governance and staking, $DUCK acts as the fuel for the DuckChain ecosystem. It facilitates liquidity, supports payments across various decentralized applications (dApps), and enables active participation in the ecosystem's growth.
Web2 User Education Program: Launch simplified onboarding, content flows, and tutorials for non-crypto users.
Mainnet V2.0 (Universal Chain): Upgrade to a unified mainnet built to support cross-chain AI and Telegram-native execution.
DuckChain Ecosystem Launchpad: Launchpad for curated DuckChain-native projects, with Telegram-specific tooling and funding.
Multichain Interoperability Release: Enable seamless interaction with major chains and protocols.
DuckChain Enterprise API (Beta): Launch enterprise-grade APIs to integrate DuckChain infrastructure with external platforms.
Financial Resources:
Fundraising Details:
Pre-Seed Round: Raised $400K at an FDV of $20M.
Seed Round: Secured $3M at an FDV of $50M.
Private Round: Raised $2M at an FDV of $100M.
These funds have been allocated across multiple key areas, including infrastructure development, ecosystem expansion, and marketing strategies.
Infrastructure Development:
A significant portion of funding was directed toward building the EVM extension layer, modular architecture, and seamless integration with Telegram Stars, enabling staking, NFT minting, and DeFi applications.
Community Engagement and Marketing:
Dedicated budget to onboard 950M Telegram portal users, maintain 2M DAU, and grow bigger MAU user base.
Investment in campaigns, AMAs, and developer outreach to encourage participation and accelerate Web3 adoption.
Human Resources:
Development Team:
Blockchain developers specializing in EVM compatibility, multi-chain interoperability, and AI mass adoption
Marketing and Community Team:
Focused on educating users, managing partnerships, and promoting DuckChain’s offerings globally.
Technological Resources:
Blockchain Infrastructure:
Supports high-performance architecture capable of handling millions of transactions per second with rapid finality.
Designed to enable frictionless interaction with multi-chain assets, scalable to Telegram’s massive user base.
Partnerships and Collaborations:
Integration with Telegram, bridging Web2 and Web3 seamlessly.
Collaboration with DeFi platforms to enhance liquidity, enable payments, and provide additional dApp use cases.
Future Allocations:
Ecosystem Expansion:
Development of new applications such as merchant tools, token incentives, and cross-chain integrations with Ethereum, Bitcoin, and TON.
Global Outreach:
Resources for international partnerships, local community events, and educational initiatives to accelerate onboarding and developer participation.
Token and DeFi Integration:
Leveraging $DUCK for governance, staking, gas payments, and ecosystem incentives to foster engagement and network stability.
Global Expansion: Strengthen the user base in emerging markets and foster cross-border adoption of DuckChain tools and dApps. Token Utility Enhancement: Develop additional use cases for $DUCK, including governance, staking rewards, and gas payments. Ecosystem Sustainability: Allocate resources to ensure the long-term viability of DuckChain’s ecosystem by supporting developers, users, and businesses.
Global Web3 Adoption
The offering is designed to onboard 950 million Telegram users into Web3 by integrating blockchain technology directly into Telegram, providing seamless access to Web3 functionalities like staking, NFT minting, DeFi, and on-chain payments.
By simplifying blockchain adoption for both individuals and businesses, the project aims to drive global engagement and reduce barriers to entry into the decentralized ecosystem.
Strengthening the DuckChain Ecosystem
The funds raised will enable the expansion of DuckChain’s EVM Extension Layer, ensuring compatibility with Ethereum tools and bridging liquidity with other leading blockchains such as Bitcoin and TON.
Support for developers and businesses will further enrich the ecosystem, enabling the creation of scalable and interoperable dApps.
Development of Scalable Blockchain Infrastructure
The project requires financial resources to advance its modular infrastructure, which can handle millions of transactions per second, ensuring high performance and rapid transaction finality.
These capabilities will support DuckChain’s goal of catering to a vast user base while providing seamless multi-chain asset interactions.
Empowering $DUCK Utility and Governance
The $DUCK token will play a pivotal role in governance, payments, staking, and gas fees within the DuckChain ecosystem.
The offering will ensure sustainable development and incentivize active participation across all layers of the DuckChain ecosystem.
Strategic Partnerships and Ecosystem Growth
Funds will facilitate partnerships with businesses and developers, incentivizing the adoption of DuckChain tools for DeFi, gaming, and other applications.
A portion of the funds will be used for global community engagement, onboarding campaigns, and ecosystem incentives.
Geographic Restrictions
$DUCK tokens are not available to residents of jurisdictions where the offering, holding, or trading of such crypto-assets is restricted or prohibited by law. This includes, but is not limited to, countries subject to comprehensive international sanctions or those with specific bans on cryptocurrency activities.
Regulatory Compliance
Participation in the offering and subsequent trading of $DUCK tokens is limited to individuals and entities that comply with all applicable Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Institutional and accredited investors may be required to meet additional documentation and compliance standards.
Eligibility Criteria
$DUCK token holders must not use the token for illegal activities, including money laundering, fraud, or any activities that violate DuckChain’s terms of service or applicable laws. Participants in the offering must confirm that they are acting on their own behalf and not as an agent or nominee for an undisclosed third party.
Usage Restrictions
Holders may not transfer $DUCK tokens to wallets or platforms flagged for suspicious activities or associated with malicious behavior, as identified by DuckChain’s monitoring systems or external compliance agencies. Any misuse of $DUCK tokens that could harm the ecosystem or violate community standards will lead to appropriate action, including potential restriction of access or blacklisting.
Supported Cryptocurrencies Payments can be made using stablecoins such as USDT and USDC, offering stability and transparency. Popular cryptocurrencies like BTC and ETH are also accepted to accommodate a wide range of users. Fiat Payment Gateways Integration with fiat-to-crypto payment processors allows users to purchase $DUCK tokens directly using fiat currencies such as USD, EUR, etc,.
Token Standard: Jetton
The crypto-assets will be issued as Jetton tokens on the TON Network during the Token Generation Event (TGE). Future support will also include DuckChain Public Mainnet, Arbitrum, and Base.
Wallet-to-Wallet Transfer
After purchase, tokens will be sent directly to the purchaser’s wallet on the TON Network or other supported networks.
Transaction Tracking
Purchasers will receive a transaction ID (TXID) to track their transfer, which can be verified on blockchain explorers like the TON Explorer or DuckChain Explorer.
Security
Transfers will use secure encryption and cryptographic protocols to ensure safety and compliance with AML (Anti-Money Laundering) and KYC (Know Your Customer) standards.
Supported Wallets
Purchasers must have a compatible wallet address that supports Jetton tokens on the TON Network and potentially other networks such as DuckChain, Arbitrum, and Base.
Network Compatibility
Purchasers must ensure that their wallet can be connected to the TON Network. For transfers post-TGE, users may also need to be able to interact with the DuckChain Public Mainnet, Arbitrum, and Base networks, depending on where the token is transferred.
Sufficient Funds for Gas Fees
Users must have enough native tokens in their wallets to cover transaction fees (gas fees) for sending or receiving tokens.
Web Platforms: Investors can register accounts directly on each exchange's official website and access full trading functionality through their browser.
Mobile Apps: Bitvavo and Kraken each provide mobile applications via the Apple App Store and Google Play. After account creation, users can trade, monitor portfolios, and manage deposits/withdrawals seamlessly.
Trading Fees:
All three exchanges use a maker–taker model. Maker fees apply when adding liquidity (e.g., via limit orders), while taker fees apply when removing liquidity (e.g., via market orders). Fee percentages vary slightly by platform and user trading volume.
Deposit Fees:
Bitvavo: Most cryptocurrency deposits are free; certain fiat methods may incur a fee.
Kraken: Some deposit methods (e.g., credit/debit cards, wires) carry fees; crypto deposits are typically free.
Withdrawal Fees:
All three platforms charge withdrawal fees for fiat and crypto. Rates depend on the withdrawal method and the asset.
Currency Conversion Fees:
Each exchange applies small conversion spreads/fees when exchanging between fiat and crypto or between different cryptocurrencies.
Other Potential Fees:
Advanced services such as margin trading, futures, or staking may incur additional costs depending on the platform's offering.
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Cayman Islands Law:
Companies Law and Securities Investment Business Law govern its operations.
The Virtual Assets (Service Providers) Law regulates crypto services.
European Union Law (if applicable to EU users):
The Markets in Crypto-Assets Regulation (MiCAR).
GDPR for data protection.
US Law (if applicable to US users):
Securities laws (like the Securities Act).
AML/KYC regulations enforced by FinCEN.
Other Jurisdictions:
Local laws for countries where DuckChain has users, like Japan, Singapore, and Switzerland, may also apply.
Additional considerations:
Consumer Protection Laws: Ensures transparency and fairness.
AML/KYC Regulations: Prevents money laundering and ensures user identification.
Taxation Laws: Varies by jurisdiction for taxation on crypto-assets.
The competent court for the offering would be the Grand Court of the Cayman Islands.
$DUCK tokens are considered as crypto-assets other than EMTs and ARTs under Regulation (EU) 2023/1114. $DUCK tokens are fungible utility tokens.
The $DUCK token serves as the governance and utility asset within the DuckChain ecosystem. It plays a crucial role in enabling decentralized operations, supporting network security, and driving ecosystem growth. The core functionalities of $DUCK include:
Governance: $DUCK holders have voting rights on major proposals, empowering the community to shape DuckChain’s future direction and development, ensuring decisions are driven by the stakeholders.
Staking: $DUCK tokens can be staked to enhance DuckChain's security and help validate transactions, fostering a more resilient and decentralized network.
Transaction Fees: $DUCK is used to pay for transaction fees within DuckChain, facilitating smooth and cost-efficient operations across the ecosystem.
Delegation to Consensus Nodes: Token holders can delegate their $DUCK tokens to consensus nodes, or choose to stake their tokens to run their own nodes. This process supports the network's scalability and decentralized nature.
Governance:
Planned Launch: Immediately following the TGE, anticipated in early 2025.
Staking:
Planned Launch: Staking functionality is already live in Q4 2024.
Transaction Fees:
Planned Launch: Transaction fee functionality will be active from the public mainnet launch in Q1 2025.
Delegation to Consensus Nodes:
Planned Launch: Delegation and node operation features are expected to be fully operational by Q1 2025, in line with the mainnet launch and network expansion.
The $DUCK token is a governance and utility token within the DuckChain ecosystem. Its characteristics include:
Governance Token:
$DUCK provides its holders with the ability to participate in the decentralized governance of the DuckChain network. This enables users to vote on proposals, updates, and important decisions that shape the future of the ecosystem.
Utility Token:
$DUCK serves as the primary medium for paying transaction fees within DuckChain, making it essential for all interactions within the ecosystem, including DeFi activities, NFT minting, and cross-chain operations.
Staking & Security:
As a staking token, $DUCK plays a pivotal role in securing DuckChain’s network. By staking $DUCK, participants contribute to the validation process, network integrity, and decentralization of the platform.
Delegation & Consensus:
$DUCK holders have the option to delegate their tokens to consensus nodes or operate their own nodes, thus enhancing DuckChain’s scalability and promoting a more decentralized infrastructure.
Economic Incentive:
$DUCK is designed to incentivize active participation within the ecosystem, from governance to staking, transaction validation, and node operations. These functionalities create a sustainable economy within DuckChain.
Blockchain Compatibility:
The token operates natively on the DuckChain network, with potential interoperability with other blockchains, enabling broader ecosystem engagement and use cases.
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Ownership of Tokens: Purchasers have the right to acquire ownership of the crypto-assets (tokens) according to the terms of the offering.
Governance Participation: If applicable, purchasers may have the right to participate in governance decisions through voting, utilizing the purchased tokens (e.g., governance token rights).
Access to Platform/Services: Purchasers gain access to DuckChain's ecosystem and services that the token is tied to, such as staking, DeFi, or other functionalities.
Transfer of Tokens: Purchasers can transfer the purchased tokens within the network, or to external wallets, once they are listed and tradable on supported exchanges.
Right to Reimbursement: In the event of non-delivery or breach of the agreement, purchasers may be entitled to a reimbursement or compensation in accordance with the agreement terms.
Obligations:
Payment: Purchasers are obligated to provide the agreed-upon payment in the accepted form (e.g., USDT, BTC, etc.) at the time of purchase.
Compliance: Purchasers must comply with applicable laws and regulations, including KYC/AML procedures, in order to participate in the offering.
No Unlawful Use: Purchasers are prohibited from using the tokens for any unlawful purposes, including money laundering or fraud.
Risk Acknowledgment: Purchasers acknowledge the risks associated with the purchase of crypto-assets, including price volatility, regulatory uncertainty, and technological risks.
Adherence to Terms: Purchasers must adhere to the terms and conditions laid out in the offering documents, including any restrictions or limitations imposed by DuckChain or related platforms.
Additional Obligations: Purchasers must also comply with any additional obligations that may arise from their participation in the offering, including but not limited to, tax obligations and reporting requirements.
Governance Rights
How: Hold tokens and vote on proposals via DuckChain's platform.
Condition: Must hold the required amount of tokens to vote.
Access to Services
How: Connect your wallet to DuckChain's platform to use features like staking or DeFi.
Condition: Complete any necessary account verification.
Reimbursement Rights
How: Contact customer support for reimbursement if applicable.
Condition: Submit claims within the specified timeframe.
Token Transfer
How: Transfer tokens to other wallets or exchanges.
Condition: Tokens can be transferred once confirmed on the blockchain.
Compliance
How: Ensure compliance with local laws and regulations.
Condition: Follow all legal requirements before exercising rights.
Additional Requirements:
How: Familiarize yourself with and comply with any additional requirements that may be imposed by DuckChain or related platforms, including but not limited to, technical requirements and platform-specific rules.
Both parties agree to the changes.
Legal Changes – Changes in laws or regulations that require updates.
Operational Changes – Changes to the platform or system affecting rights.
Force Majeure – In case of unexpected events like disasters or war.
Investor Approval – Changes may require approval from token holders.
Breach of Contract – Modifications due to one party not meeting obligations.
Access to Decentralized Applications (dApps): Utility tokens allow users to access various decentralized services and applications built on the DuckChain ecosystem, including DeFi, gaming, and more.
Staking: Users can stake utility tokens to secure the network and earn rewards, helping maintain the stability and security of the ecosystem.
Governance: Token holders can participate in decision-making processes, influencing the development of the DuckChain ecosystem through decentralized governance.
Transaction Fees: Utility tokens are used as the primary currency for transaction fees within the DuckChain ecosystem, facilitating seamless payments and interactions.
Rewards and Incentives: Users can earn rewards and incentives by participating in staking, governance, and other ecosystem activities.
Access to Web3 Features: With the utility token, users gain access to Web3 functionalities embedded into platforms like Telegram, allowing for easy conversion, payments, and interactions with decentralized assets.
Purchasing Goods/Services within the Ecosystem: Utility tokens can be used to pay for various goods and services provided within the DuckChain ecosystem, including access to decentralized applications (dApps), staking rewards, and platform services.
Transaction Fees: Utility tokens serve as the currency to pay for transaction fees within the ecosystem, facilitating seamless interactions with the blockchain and related services.
Governance Participation: Token holders can redeem their utility tokens to participate in governance decisions, influencing the development and direction of the DuckChain ecosystem.
Accessing Exclusive Features: Tokens may grant access to premium features within dApps, such as enhanced staking rewards, special privileges, or early access to new products/services.
Staking and Earning Rewards: Users can stake their utility tokens to earn rewards, which may include additional tokens or other ecosystem benefits. Converting to Other Assets: In some cases, utility tokens may be redeemable or convertible into other digital assets, like stablecoins or native tokens, through decentralized exchanges or integrated platforms.
Lock-up Period: There may be a lock-up period after the token issuance or listing, during which investors or token holders are restricted from transferring or selling the assets.
Regulatory Compliance: Transfers may be subject to legal and regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) rules. Any transfer not in compliance with these regulations may be blocked or flagged.
Platform-Specific Restrictions: Certain trading platforms may impose their own restrictions on transferring assets, such as specific withdrawal limits, fees, or requirements for transferring assets out of the platform.
Geographical Restrictions: Some jurisdictions may prohibit or restrict the transfer of certain crypto-assets, and as a result, transfers may not be permitted in those regions
Market Maker (MM) Strategy:
The market maker actively provides liquidity by continuously buying and selling the token at specified prices. This helps ensure that there is always a market for the token, reducing the impact of large trades or sudden price swings.
Market makers also help maintain tighter spreads between buy and sell orders, preventing drastic price fluctuations.
The presence of market makers creates a more predictable and stable trading environment, benefiting both buyers and sellers..
Liquidity Pools:
To further stabilize the value, DuckChain may utilize liquidity pools where the tokens are locked to facilitate consistent buying and selling. This ensures that there is no severe price slippage during trading and contributes to the overall liquidity of the token.
Cayman Islands Law:
Companies Law and Securities Investment Business Law govern its operations.
The Virtual Assets (Service Providers) Law regulates crypto services.
European Union Law (if applicable to EU users):
The Markets in Crypto-Assets Regulation (MiCAR).
GDPR for data protection.
US Law (if applicable to US users):
Securities laws (like the Securities Act).
AML/KYC regulations enforced by FinCEN.
Other Jurisdictions:
Local laws for countries where DuckChain has users, like Japan, Singapore, and Switzerland, may also apply.
Additional considerations:
Consumer Protection Laws: Ensures transparency and fairness.
AML/KYC Regulations: Prevents money laundering and ensures user identification.
Taxation Laws: Varies by jurisdiction for taxation on crypto-assets.
Cayman Islands Court
Blockchain:
TON : DuckChain uses the TON blockchain as a primary protocol, with additional plans to integrate with other blockchain platforms like Arbitrum and Base.
EVM Compatibility: DuckChain supports Ethereum standards
Token Standards:
Jetton Standard: DuckChain tokens ($DUCK) are based on the Jetton standard, initially deployed on TON but with expansions planned to other networks like Arbitrum and Base.
Interoperability and Cross-chain Bridges:
Cross-Chain Bridges: Facilitating interoperability with Ethereum and Bitcoin, expanding liquidity options.
Staking and Governance Protocols:
Proof of Stake (PoS): DuckChain likely employs PoS mechanisms for its token staking, contributing to network security and governance.
DAO (Decentralized Autonomous Organization): For decentralized governance and decision-making through $DUCK token holders.
Crypto Wallets:
Hot Wallets: Online wallets for active transactions (e.g., MetaMask).
Cold Wallets: Offline wallets for secure long-term storage (e.g., Ledger, Trezor).
Decentralized Exchanges (DEXs)
Smart Contracts:
Self-executing contracts that facilitate transactions and governance on the blockchain.
Blockchain Bridges:
Enable asset transfer between different blockchains for liquidity and interoperability.
PoS
Incentive Mechanisms:
Staking Rewards: Users who stake $DUCK tokens are incentivized with rewards, helping secure the network while earning passive income. The more tokens staked, the higher the rewards.
Governance Participation: Token holders are rewarded with governance participation rights, allowing them to have a say in DuckChain's future developments.
Liquidity Mining: By providing liquidity to DuckChain's decentralized exchanges (DEXs), users earn rewards in the form of $DUCK tokens and other incentives tied to the liquidity they provide.
Transaction Fees Distribution: A portion of the transaction fees generated on the network is distributed to token stakers, incentivizing engagement and network growth.
Applicable Fees:
Transaction Fees: Users pay fees in $DUCK tokens for processing transactions on the DuckChain network. The fees are low to encourage wide adoption.
Staking Fees: There may be small fees associated with staking $DUCK tokens to ensure network security and management of staking rewards.
DuckChain's DLT is based on a high-performance blockchain infrastructure, designed to support Web3 applications. The system utilizes a Proof-of-Stake (PoS) consensus mechanism to ensure security, scalability, and energy efficiency. The blockchain is integrated with Telegram, enabling seamless on-chain payments and interactions. It is modular and supports multiple chains, allowing users to interact with various assets across ecosystems, providing liquidity and interoperability with Ethereum, Bitcoin, and other networks.
This DLT is designed for rapid transaction processing with low fees, ensuring users can engage with decentralized finance (DeFi), NFTs, and other Web3 services directly within the Telegram platform.
https://tonbit.xyz/reports/20250108-DuckChain-Token-Final-Audit-Report.pdf
Regulatory Uncertainty: The offer or admission to trading of the DUCK token may be subject to varying regional laws, which could restrict or prohibit the trading of crypto-assets in certain jurisdictions. These regional legal restrictions could limit the token's accessibility and market reach, potentially affecting its liquidity and investor participation.
Compliance Challenges: Different regions may impose evolving regulations on the issuance, sale, and trading of crypto-assets, including the DUCK token. Failure to comply with these regulations could lead to legal risks, such as fines, trading suspensions, or regulatory actions, all of which could undermine the project's credibility and disrupt its operations.
Market Price Volatility:
Price Instability: The DUCK token may experience significant price volatility due to factors beyond the project's control, such as market sentiment, speculative trading, and external market conditions. This volatility can result in unpredictable price fluctuations, which may adversely affect investors' holdings and the overall stability of the token's market.
Liquidity Risk: Low liquidity in the market could lead to erratic price movements, where large trades could disproportionately affect the price of the DUCK token. A lack of liquidity may also widen the spread between buy and sell orders, making it more difficult for investors to execute trades at desirable prices.
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Regional Legal Restrictions:
Regulatory Compliance Delays: The implementation of the DUCK token's underlying project could be delayed or obstructed by the need to comply with local regulatory frameworks. Changes in regulation or the introduction of new laws could create obstacles to the project's progress, limiting its ability to operate in certain regions or causing delays in key milestones.
Jurisdictional Challenges: The project may face challenges in obtaining approval or establishing operations in certain regions with stringent regulatory requirements. These challenges could affect the project's ability to scale or attract users, particularly in regions with heavy restrictions on crypto-assets or blockchain technology.
Market Price Volatility:
Impact on Development and Fundraising: Fluctuations in the DUCK token's market price could impact the project's ability to secure necessary funding or investment. If the token experiences significant price declines, it may hinder the project's ability to raise capital or achieve its development milestones, potentially stalling progress.
Investor Confidence and Project Stability: Sharp price swings and extended periods of low market value could reduce investor confidence in the DUCK token and the project behind it. This decline in trust could lead to decreased investor participation, slower adoption, and reduced overall project viability.
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As Duckchain relies on stable blockchain protocols, there are no direct tech-related risks. However, the project monitors external blockchain developments and adapts as necessary to address issues like congestion or security flaws in the broader ecosystem.
Information referred to in the Annex to Commission Delegated Regulation (EU) 2024/XXX specifying the content, methodologies and presentation of information in respect of sustainability indicators in relation to adverse impacts on the climate and other environment-related adverse impacts.
PoS
Incentive Mechanisms:Staking Rewards: Users who stake $DUCK tokens are incentivized with rewards, helping secure the network while earning passive income. The more tokens staked, the higher the rewards.Governance Participation: Token holders are rewarded with governance participation rights, allowing them to have a say in DuckChain's future developments.Liquidity Mining: By providing liquidity to DuckChain's decentralized exchanges (DEXs), users earn rewards in the form of $DUCK tokens and other incentives tied to the liquidity they provide.Transaction Fees Distribution: A portion of the transaction fees generated on the network is distributed to token stakers, incentivizing engagement and network growth.Applicable Fees:Transaction Fees: Users pay fees in $DUCK tokens for processing transactions on the DuckChain network. The fees are low to encourage wide adoption.Staking Fees: There may be small fees associated with staking $DUCK tokens to ensure network security and management of staking rewards.
No Electricity Consumption: Since the DUCK token and Duckchain do not involve any significant electricity consumption related to transaction validation or network maintenance, there is no applicable calculation for kilowatt-hours (kWh) per calendar year. No Methodologies or References Needed: As no energy usage is associated with the project’s operations, there are no methodologies or references required for calculating kWh. The project does not rely on blockchain infrastructure that consumes electricity for transaction validation or ledger maintenance.