Ducato Protocol Token Price (DUCATO)

What is Ducato Protocol?

DUCATO Protocol aims to build a platform that offers blockchain technology, user-centric service, numerous network participants, algorithm development, and decentralized governance. It claims to be optimized for lending and depositing digital assets. The DUCATO protocol provides cryptocurrencies (DUCATO token, KRWD), which make it possible for cross-border transfers regardless of financial infrastructure, and aims to contribute to the growth of digital assets finance and payment market, and ultimately helps to establish a decentralized ecosystem called Hybrid Defi 2.0.

DUCATO Protocol enables anyone to leverage their digital assets as collateral to generate KRWD through DUCATO’s smart contracts. These collateral assets deposited by a user can create a leverage effect.

What is DUCATO Protocol Token?

Utility Token for Stabilizing the Protocol and paying for fees DUCATO Token is used by the user of the Protocol to pay for various fees.

RWD is generated based on digital assets deposited on DUCATO Protocol by the user. When the user wants to liquidate, they have to pay down the KRWD issued to them at the beginning, plus the Stability Fee. With the KRWD and Stability Fee paid down, the user can freely retrieve their digital assets back. DUCATO is planning to set up the governance committee and community for transparent operation, and ‘DUCATO Token’ must be held for participating in the governance.

The DUCATO Token holders have the right to join the voting process when decision making happens on changes in the Protocol. It is designed to increase the demand as the Protocol ecosystem expands.

How Do You Buy DUCATO?

You can buy DUCATO on the Bittrex crypto exchange. For the latest list of exchanges and trading pairs for this cryptocurrency, click on the market pairs tab (https://coinmarketcap.com/currencies/ducato-protocol-token/markets/)