Question 1

What is DynoChain (DND)?

Accepted Answer

DynoChain (DND) is a blockchain network that utilises a Proof of Staked Authority (PoSA) consensus mechanism to ensure security, stability, and chain finality. It supports Ethereum Virtual Machine (EVM)-compatible smart contracts and protocols, enabling interoperability and cross-chain transfers. The dual-chain architecture facilitates fast trading and the development of decentralised applications (dApps).

Question 2

What is DynoChain (DND) used for?

Accepted Answer

DynoChain (DND) is used for several purposes, including sending and receiving DND tokens, issuing new tokens to digitalise assets, acting as gas for smart contract execution and staking, supporting the development and deployment of EVM-compatible dApps, and facilitating efficient, decentralised asset exchanges on its dual-chain architecture.

***Although 'DND' was the ticker assigned at the deployment of the DynoChain Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'DYNOC' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.***