What Is Plus One Coin (PLUS1)?

What Is Plus One Coin (PLUS1)? Complete Guide Review About Plus One Coin.

What Is Plus One Coin (PLUS1)?

This bitcoin-like currency enables content providers and platform owners to monetize their social media sites while giving their audience more power to affect the social media content they consume. Blockchain technology enables cryptocurrencies like Bitcoin, Ethereum and PlusOneCoin (+1 coin). Plus One Coin can be bought, swapped, given or mined by users just like Bitcoin or other cryptocurrencies. Mining is a computer process any computer can run that creates coins for a user to spend.

A social media user has a Plus One Coin wallet with crypto coins in it that they can spend on content, appreciating content providers, fellow users on the website by up voting or highlighting themselves. With the magic of blockchain and crypto-currency technology anyone can have a piece of the PLUS1 money supply by simply using their personal computer to mine this Cryptocurrency. Plus One is easy to use, gradable (between wallet holders) and you can mine it on any personal computer. Coming soon to your favorite community websites.

Plus One Coin Storage Key Points

Coin BasicInformation
Coin NamePlus One Coin
Short NamePLUS1
Circulating SupplyN/A
Total Supply8,865,707
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

Plus One Coin NFT

After earning $DINOEGG tokens users can exchange them for a Dino Egg NFT. The Love Shack provides a mechanism that can turn 1.00 $DINOEGG token into a Dino Egg NFT. Users can also choose to submit multiple Plus One Coin for a chance to get a Dino Egg NFT of a higher rarity. These Egg NFT’s are not true NFT’s, but rather non-divisible tokens of a certain rarity type. There will be levels of egg rarity that are given based on a combination of randomness.

This Randomness can be achieved by using a VRF (Verifiable Random Function). A VRF is a pseudo random function that provides proof that its outputs were calculated correctly.’ This is necessary to stay resistant from randomness exploits. They aim to collaborate with Chain link or Switchboard to use their trusted VRF. A solution specifically developed for smart contracts.

The Incubator

The Incubator is the final step for users to get their hands on a Dino NFT. Plus One Coin can in fact be hatched into a generative Dino NFT. This has a similar dynamic to turning a $DINOEGG token into Dino Egg NFT – with the rarity of the egg combined with a stroke of luck. Each Dino NFT has a unique set of traits and features. For the Dino itself the skin, background, body features and wear ables are the main dynamic properties. The different traits that a Dino NFT has will be based around their elemental properties.

NFT equipment

The Dino NFT hatched from a Dino Egg is not their final form. NFT equipment specifically and custom made for Dino’s helps bring more customization. This part is essential for a fun and constantly refreshing experience. NFT equipment also makes it possible to boost stats, giving the Dino entertainment system an extra interesting feature. Unlike the Dino NFT, NFT equipment will be earned through community raffles or tournament rewards.

Dino Entertainment System

Plus One Coin Equip your unique Dino NFT with your favorite NFT equipment and join a Dino themed online platform. Show off your wares and participate in tournaments in a competitive online environment. More details on the Dino Entertainment System will be released in the future.

Solana vs Ethereum

The chosen blockchain for the Dino meta verse is Solana. Another possibility would be Ethereum but the insanely high gas fees and the network congestion would be a heavy bottleneck for the meta verse. Axie Infinity, another widely popular metaverse, solves these bottlenecks by creating an Ethereum side chain called ‘Ronin’. A sidechain is a separate blockchain which runs in parallel to Ethereum and operates independently.

It makes the metaverse more scalable and minimizes congestion but also makes it less decentralized. Solana eliminates those bottlenecks and provides a faster & elegant solution without needing a sidechain. However, Solana is a small network with a much smaller NFT market compared to Ethereum. But this can also be seen as an opportunity, being among the first NFT games on Solana will definitely put Dino in the spotlight.

Token Economy

Dino token ($DINO) is the native currency of the Dinoverse. It provides the first stepping stone in obtaining a Dino NFT. Initially created with a fixed supply of 500 000 000 tokens. Throughout the different phases Dino tokens will be distributed and burned. One function of Dino token as a payment token on the Dino DEX to trade NFT’s. Another one is as a utility token in the staking and hatching contracts.

The fee paid for hatching a Dino Egg NFT will be burned, further decreasing the circulating supply of Dino. The ecosystem incentive fund will be used to create a vibrant ecosystem for Plus One Coin. With a dynamic flow of $DINO flowing into the Dino-verse and $DINO being burned and cycled back during hatching & swapping