A Guide to Black Dragon Token

What is Black Dragon?

Black Dragon is a NEP-141 token issued based on the NEAR protocol (NEP-141 is a set of rules that determine the operation of tokens on NEAR. This standard is an upgraded version of the early NEP-21 standard, which is simpler, more affordable, and efficient compared to the latter.) The symbol of this token is $BLACKDRAGON. This token was first launched in December 2023 and is a project of great significance in the NEAR ecosystem. Black Dragon is not just a token, but also an important vehicle to promote the popularity of NEAR technology, aiming to accelerate the application of decentralized networks through community participation and open-source development. Black Dragon has no complex technical barriers and aims to attract more people to understand and join the NEAR protocol ecosystem, contributing to the further development of its open network.

The birth of Black Dragon is closely related to the important history and symbolic significance of the NEAR protocol. In 2024, the Year of the Dragon in the lunar calendar, Black Dragon officially launched at the beginning of this year, bringing new vitality and community participation to the NEAR ecosystem.

The project’s name and inspiration come from Ilia Polosukhin, co-founder of the NEAR Protocol, to pay tribute to this decentralized technology pioneer. Black Dragon combines humor and technology, aiming to drive NEAR’s vision of the Open Web through tokens and community culture.

In addition, Black Dragon represents the core values of the NEAR community: decentralization, open source, and community collaboration, laying the foundation for the rapid growth of the ecosystem.

Token Economics of Black Dragon

The tokenomics of Black Dragon is transparent, with a focus on community-driven and fair distribution:

• Name: Black Dragon
• Symbol: $BLACKDRAGON
• Standard: NEP-141
• Maximum Supply: 100 trillion
• Circulating Supply: Approximately 78 trillion (as of the time of writing the whitepaper)

Distribution Method:

• Community Airdrop: 55% (55 trillion): Airdrop activities are based on NEAR NFT activity and eligibility for collection, and have been conducted in two rounds. The unclaimed 21.4 trillion tokens have been burned.
• Initial Token Liquidity: 40%: Used for liquidity pools to ensure the token’s liquidity in trading.
• Community Treasury: 5%: allocated to the Black Dragon community DAO (Decentralized Autonomous Organization).

Features:

• No ICO or presale, distributed entirely by airdrop to ensure fairness.
• Major token burn event:
  • Bowen Wang destroyed the allocated 500 billion tokens (March 28, 2024).
  • Ilia Polosukhin destroyed the allocated 500 billion tokens (January 31, 2024).
• The contract cannot be upgraded, and there are no additional tokens issued.

Community building and innovation by Black Dragon

The core concept of Black Dragon is community-driven and decentralized governance. The project attracts user participation in innovative ways and inspires creators to contribute content to the NEAR ecosystem.

• Community-driven:
  There is no fixed roadmap or goal, but the community is encouraged to promote project development through autonomous organizations. Black Dragon’s DAO (decentralized autonomous organization) manages the community treasury of the project and is used to support creative projects related to NEAR.
• Open ecosystem culture:
  Black Dragon encourages a humorous and relaxed community atmosphere, which has attracted many NEAR community members and further strengthened NEAR’s position as a decentralized network leader.
• “The power symbolized by the dragon:”
  In many cultures, the dragon is a symbol of power and wisdom. The Black Dragon project has attracted a lot of attention by leveraging this symbol, while enhancing the cultural influence of the NEAR protocol.

Future Outlook of Black Dragon

Promoting the popularity of the NEAR Protocol: attracting more people to join the NEAR ecosystem through community power and decentralized culture.

Empowering the Creator Economy: Supporting content creators to contribute value to the NEAR ecosystem and further expand their influence.

Exploring New Use Cases: With the advancement of NEAR technology, Black Dragon tokens may be applied in more practical scenarios, such as decentralized finance (DeFi) and non-fungible token (NFT) ecosystems.

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Image source:https://blackdragon.meme/

Black Dragon Market Performance

Black Dragon has dropped nearly 50% in the past two weeks, with low trading volume. Users should be cautious when buying, please be aware of the risks

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