Doctors Coin (DRS) functions as a cryptocurrency specifically designed for the medical beauty industry. The DRS coin is based on Ethereum smart contracts and operates as an ERC-20 utility token. Smart contracts are nothing but regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.

According to its whitepaper, DRS is also the native digital asset of the BeauBang platform. BeauBang refers to a social e-commerce platform developed to provide beauty products and services to its users. With BeauBang, traders can interact directly to facilitate transactions. Advertisers and influencers, on the other hand, can promote their boutiques and brands. The DRS token is at BeauBang’s core and leveraged to fund its economy and secure the stability of platform operations. BeauBang also uses DRS to compensate the network contributors.

The DRS coin was developed, keeping the BeauBang platform in mind. BeauBang wants to promote a zero-fee transaction system by eliminating the unreasonable fee on medical beauty product purchases. The platform uses DRS tokens as a means of payment to support BeauBang’s zero-fee system. DRS also has multiple utilities, including the purchase of beauty products, transaction fee payments, advertisement viewership rewards, etc.

The Doctors Coin ecosystem has a few key features:

Doctors Coin was founded by Ahmed Bekbolat (CEO), Marina Rybakina (CMO), and Dimitri Lyah (CTO). The team launched BeauBang in January 2020, followed by the token listing of DRS in January 2021.

The DRS token has a total supply of ten billion.