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Draken is on the rise this week.

The price of Draken has risen by 0.00% in the past 7 days. The price declined by 0.01% in the last 24 hours. In just the past hour, the price grew by 0.00%. The current price is $0.000700 per DRK. Draken is 98.25% below the all time high of $0.0400.

The current circulating supply is 0 DRK.


What is Draken (DRK)?

Draken DeFi Chain, abbreviated as Draken, functions as an all-in-one blockchain-based platform that supports a multi-tiered smart contract system to facilitate a wide range of real-life use cases and achieve blockchain mass adoption. The platform was developed to form a complete financial ecosystem on-chain (on the blockchain), and the main focus is on privacy and portability. 

The forum seeks to overcome various challenges currently faced by blockchain ecosystems. Such as an expensive and time-consuming infrastructure. Other problems include:

  • Low transaction throughput due to the lack of horizontal scalability. 

  • The ability of extension: Difficult to a new protocol without affecting the rest of the network.

  • Energy costs, depending on the miners: With the fierce competition of computing power, specialized mining computers have come into play, leading to an increasing requirement of nodes – controlled mainly by a select number of mining pools. In addition to this, energy consumption has also risen, adversely impacting the environment.

  • Uncompetitive Applications: Presently available consumer applications are still not capable of handling millions of active users daily.  DRK chain was built to be anonymous, sustainable, scalable, and decentralized. According to its whitepaper, the platform has invented scripting tools to support smart contracts and provide "privacy on demand" through a DaRK mode, facilitating privacy blockchain technology. Draken also allows developers to port their smart contracts to other decentralized technologies. Besides this, the network charges less transaction fees, and the chain integrates the feature of 'finality' wherein each block sealed is irreversible; thus, the past actions cannot be undone.

Draken works on Proof-of-Honor (PoH), an upgrade from Proof-of-Stake, that ranks nodes based on the amount of stake and transactions to encourage Dapp developers to serve as many users and generate as many transactions as possible. POH is also helpful in removing all cheating and slacking miners to preserve the network's longevity via its advanced incentive system.

Therefore, Draken seeks to improvise on its key features that include privacy-on-demand, decentralized exchange, decentralized social network, payment gateway, and decentralized games.

DRK is the ecosystem's native digital token that allows holders to participate in the on-chain governance through which holders can determine critical parameters and consensus nodes that maintain the network's chain.

Comment: Did not find anything for the history part.


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What is the current price of Draken?

We update our Draken to USD currency in real-time. Get the live price of Draken on Coinbase.

What is the market cap of Draken?

The current market cap of Draken is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Draken?

The all-time high of Draken is $0.0400. This all-time high is highest price paid for Draken since it was launched.

What is the 24 hour trading volume of Draken?

Over the last 24 hours, the trading volume of Draken is $0.00.

What other assets are similar to Draken?

Assets that have a similar market cap to Draken include EchoLink, Cricket Star Manager, Yeni Malatyaspor Token, and many others. To see a full list, see our comparable market cap assets.

How many Draken are there?

The current circulating supply of Draken is 0.

Can I buy Draken on Coinbase?

No, Draken is not currently available on Coinbase, but you can sign up to get the latest news on Draken and be notified when it gets added to our exchange.