Grazing Range Pool #18 — Welcoming DVI to the herd

This post was originally published on Alpaca Finance

Grazing Range Pool #18 — Welcoming DVI to the herd

Dear Alpacas,

We senior alpacas are excited to welcome our newest addition to the range — Dvision Network.

With this partnership, all you alpacas will be able to open leveraged yield farming positions up to 2.0x on PancakeSwap’s DVI-BNB pair, which currently yields ~210% APR in CAKE Rewards! The pool will go live on September 16th, 2021 at 10 AM GMT.

As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $181K USD in DVI rewards which will be distributed over 4 weeks.

Leveraged yield farmers in the DVI-BNB pool will also receive bonus ALPACA rewards, on top of the leveraged yield farming rewards and trading fees.

🎁Grazing Range Reward Details

Total Rewards: 355,700 DVI (~$181k USD)

biswap

DVI Token: 0x758fb037a375f17c7e195cc634d77da4f554255b

Rewards Period: 4+ weeks

Rewards Start Block: 10,964,000 (Approx. Sep 16th, 2021 10 AM GMT)

Rewards End Block: 11,770,400 (Approx. Oct 14th, 2021 10 AM GMT)

Distribution Schedule:

Exclusive NFT Cards for Pool’s Stakers

To be eligible, you must stake ibALPACA in the DVI Grazing Range pool before September 17th, 10 AM GMT (1 day after the pool opens) and stake for at least 27 days after the aforementioned time. The NFT tier you receive will be based on the amount of ibALPACA staked.

  • Green Tier: staked at least 500 ibALPACA
  • Silver Tier: staked at least 5,000 ibALPACA
  • Gold Tier: staked at least 50,000 ibALPACA

About Dvision Network

Dvision Network is essentially a blockchain-based VR content ecosystem, which also powers the NFT marketplace within virtual reality. Dvision Network presents a new virtual reality world, where humanity can lead an affluent life, at the very center of the ICT-based fourth industrial revolution. To be more precise, Dvision has 3 important platform pillars:

  • NFT marketplace — where you can also create and trade unique items
  • Tailored Virtual Reality (Meta-Space) — where you can customize and acquire the virtual space
  • Collection of Meta-Cities — it’s a public VR world where you can enjoy the metaverse with other users

🔒Security Score Card on DVI

Have the contracts been audited by professional auditing firms?

Our ERC-20 contracts were audited by SlowMist and our BEP-20 contracts were audited by Certik

What is the project’s inception date?

The project was launched in mid December of 2019. Our first centralized exchange listing was with Coinone on 27th October 2020.

Has your project even been involved with a hack or exploit?

No.

What safety measures are in place to secure your protocols from centralization risk? What contracts are not under timelock? Who has multi-sig?

The owner’s wallet address has been renounced to address the centralization risk — this means the owner of DVI token contract address is a burned address, so no one can make any changes to the token contract. Please click here to see the TX of the EOA renouncement.

Does your token have a maximum supply cap?

The maximum supply of DVI is 1,000,000,000 tokens. This number has been verified by CoinMarketCap.

Mint function. If Token does not have maximum supply, how is the mint function controlled?

Our token has a maximum supply and we do not have the Mint function.

Centralized treasury. If the protocol collects fees, where do they go and how are they controlled? Is there any kind of treasury or insurance fund under centralized control?

Dvision Network currently does not have a treasury. However, the team is currently in discussion of setting one up. More details will be released soon.

Migration Function. Is there a migration function in the code? Why is this there and how to control this function from making a malicious action?

Our contract does not have a migration function.

Upgradeable contracts. Are the contracts upgradeable? Why is this there and how to control this function from making a malicious action?

We have the ERC-721 & ERC-1155 NFT contracts, which are both currently unupgradable will be upgradeable in the future. NFT function which is basic and immutable is extracted immutable contracts. And managing functions for NFT will be designed as upgradable contracts. These upgradable features are controlled by DAO to avoid malicious actions.

Third-party risk. What underlying external parties do your contracts rely on?

Currently, all of our contracts are developed in-house. However, we plan to collaborate with verified partners, such as, Curvegrid, Enjin, and BSC, to develop future contracts.

Where are tokens currently listed?

DVI is currently listed in the following exchanges:

CEXes: Coinone, Bithumb, Indodax, Hotbit, Gate.io, Bittrex, ZT, Hoo, Hotbit

DEXes: PancakeSwap, UniSwap, 1inch

Please briefly describe the utility of your tokens and all the relevant tokenomics (e.g., burn, staking, locking, etc.)

$DVI is the utility token that powers the economy of the Dvision Network. DVI is the primary payment unit in the Dvision’s NFT Market. By using DVI as the currency, users can purchase several NFTs in our metaverse such as wearables, rides and badges or land(Meta-Space). DVI can also be used to create users’ customized avatar, create nicknames, customize users’ Meta-Space, and even run advertising campaigns in the Dvision World (Meta-City).

In the future, the we will add another utility to DVI, which is governance where token holders will be able to vote on the future of the Dvision Ecosystem once governance is fully implemented. Our multi-phase governance initiative will start to roll out at the end of Q4 of this year. Please stay tuned for more details.

Does your token have any advanced mechanics such as deflationary/rebase/reflexive?

No.

Please share your project’s roadmap

You can find our most updated roadmap here.

What % of the token supply is/will be controlled by the team

10% of the total DVI supply will be controlled by the team. 3% of the supply will be allocated to our advisors.

For more details on our tokenomics, please read our whitepaper.

What % of the token supply is controlled by investors? What is the token distribution model?

Below is our token distribution model:

  • Team: 10%
  • Advisor: 3%
  • Development: 25%
  • Token Sales: 20%
  • Ecosystem: 17%
  • Marketing: 15%
  • Reserve: 10%

For more details on our tokenomics, please read our whitepaper.

Please share the profile of key team members

Jung Hyun Eom — CEO
Prior to Dvision Network, Jung Hyun Eom has initiated two VR franchises, and made one of them a nationwide success in South Korea, opening up to 30 stores under the Bad VR trademark. In fact, he has previously worked in the industry for over 17 years, opening and running different VR franchise businesses in South Korea. Currently he’s running Dvision Network and strives to bring the project outside of the country, reaching a truly global audience.

Jae Seok Jang — CTO
Jae Suk Jang is an alum of one the most prestigious tech universities in the world and number one in South Korea. Prior to joining Dvision, he worked at Samsung Electronics. Currently, he heads all the technology-related initiatives at Dvision Network, helping us integrate the blockchain technology with the VR technology.

Seong Chan Han — CLO
Seong Chan Han graduated from the most prestigious university in South Korea as a law specialist and had worked as a managing partner on the EzLawFirm. He is in charge of all the legal affairs for Dvision Network.

What monitoring or controls do you have in place that could catch issues, halt functions, or delay attacks to protect assets?

We currently do not have any monitoring or control tools for our smart contracts. However, we do have monitoring tools and control functions for our servers and database.

Do you have a bug bounty program in place/planned?

No, we are not a DeFi application and do not have a bug bounty program.

Safety practices. Is there someone dedicated to security on the team? Does your git include your test/qa scripts? Describe your current IS/QA processes? Will you commit to auditing your code at least quarterly/semi-annually/annually and for major updates and releases?

Our in-house dev team has a security unit, which is led by our security manager. However, we do not release our test/QA scripts onto our public Github.

For our smart contracts, our Mocha tool is used for unit test of functions. Once we have set up a more detailed test/QA process more, we will publish it to Github.

To learn more about Dvision Network, you can visit their official communication channels:

Website Telegram Twitter Medium Blog
LinkedIn Github Facebook YouTube Whitepaper


Grazing Range Pool #18 — Welcoming DVI to the herd was originally published in Alpaca Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

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