UpDawg - A Decentralized Deflationary Proof of Reserve token

TRON Hackathon Hackathon Season 4
21

Welcome to TRON Hackathon season 4 UpDawg ! All the best to the team!

3 Likes
22

Thank you so much my friend :boom:

4 Likes
23

Thank you for the response. Will the burn be only triggered when there is an exchange done on the platform or the team also plan on doing manual burn monthly or yearly.

Thank you :pray:

2 Likes
24

You are highly welcome :handshake:

3 Likes
25

Thank you for asking such a great question, @Nana66419 .
In addition to the automatic burn on the exchange, uDawgDAO regularly burns UDAWG tokens from our revenue streams. This means that there will be man’ual burns occurring monthly via the open burn’ function, which will help reduce the total supply of UDAWG tokens and increase their scarcity.

4 Likes
26

Thank you for your support! We’re dedicated to making a positive impact in our community and are grateful for your encouragement. :muscle:

2 Likes
27

Thanks a lot for your welcome @rod1232313 ! :pray:
Check us out on twitter :point_right: https://twitter.com/udawgdao?s=21&t=yGSmj1XN8LHSMgyipdU9ug

3 Likes
28

Welcome to Season 4, I got a question;

How does UpDawg ensure the security and transparency of its proof of reserve mechanism, and how is it audited and verified?

3 Likes
29

Hi @manfred_jr ! It’s great to hear from you!
Users can easily view internal reserves to ensure that token values are backed by the expected collateral. All reserves are stored on the blockchain for complete transparency, giving users peace of mind and a trustworthy platform to manage their UDAWG tokens. Additionally, the UpDawg Contract Source Code has been verified on TRONscan to ensure its reliability and integrity.
We hope you find UpDAWG to be a decentralized, secure, and transparent solution.

3 Likes
30

Welcome to season 4 !!!

4 Likes
31

Hi, thanks for your response, for further clarity;

Can you provide more details about the contract source code verification process and how it ensures the reliability and integrity of the UpDAWG platform?

3 Likes
32

Thanks for your question, @manfred_jr. To ensure the reliability and integrity of the UpDAWG platform, the contract source code verification process was conducted at the time of deployment. This process is important to build trust and offer peace of mind to investors in the UDAWG Token.

During the process, the UpDawg Smart Contract source code used to deploy the Token is submitted to TRONSCAN, the blockchain explorer of Tron Blockchain. TRONSCAN verifies and matches the submitted source code with the deployed contract. If the two match, the explorer shows the source code of the contract and grants the verified tick on Tronscan.

Once the source code contract is verified and publicly available on the blockchain explorer, it grants anybody the ability to read and perform their own due diligence of the code of the smart contract. This helps to ensure that the contract operates as intended and that there are no potential vulnerabilities or errors that could compromise its security.

In summary, the contract source code verification process is a critical step in ensuring the reliability and integrity of the UpDAWG platform, and it provides transparency and accountability to investors and users of the platform.

Best regards,
@astitv and the UpDawg Team

4 Likes
33

Thanks for clarifying and kudos to the rest of the day team for their efforts in buidling.

4 Likes
34

Hi :wave:
As per the hackathon rules, the product that will be judged must have been developed in 2023.

So I wanted to know what has been built in 2023 and will be delivered between the judging period and June (what milestones)? :pray:t2:

4 Likes
35

Hello @fabsltsa! :wave:

Thank you for asking this important question. We appreciate your interest in our project. At the moment, our team is fully engaged in developing a platform that utilizes UDAWG as its utility token. We are striving hard to release the platform before the HackaTRON submission period ends. Our aim is to meet all the milestones required for the hackathon judging process, and we are confident that we will deliver a product that meets all the criteria set by the organizers.

Thank you for your interest, and we hope to update you with more information soon. :crossed_fingers:

4 Likes
36

You wanna keep the suspense until the end, got it :eyes:

Good luck to you :+1:

3 Likes
37

Thank you so much for your warm wishes and support! :blush:

2 Likes
38

Amazing to see that you are really working hard to meet the milestones required, wish you all the best once again

4 Likes
39

Thank you again for your warm message and best wishes. We will do our best to make you and everyone else proud!

3 Likes
40

UPDATE
UDAWG HODLers can now view unclaimed HODLing rewards and timepot age. Plus, if you’re itching to test UpDawg, just change your network in your TronLinkWallet from TRON mainnet to Shasta Testnet.

Also, if you haven’t already, check out uDawgDAO’s latest burn report. https://twitter.com/udawgdao/status/1644153335069433857?s=46&t=yGSmj1XN8LHSMgyipdU9ug

7 Likes