dKargo (DKA)

What is dKargo (DKA)?

dKargo (DKA) is a decentralized logistics platform that uses blockchain technology to increase the efficiency and transparency of supply chain operations.

As per an estimation, the global logistics industry is projected to reach $16.6 trillion by the year 2027.

Despite the huge worth, the industry often faces several challenges including inefficiencies, lack of transparency, and fragmented supply chains.

These small issues can lead to big problems – delays, increased costs, and decreased reliability. To prevent such drawbacks, a new solution has emerged dKargo (DKA).

But what exactly is dKargo, and how does it work? Don’t scratch your mind – we are here to guide you!

In this blog, we will explore all about dKargo (DKA), along with some other information that’s worth knowing.

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Key Features

Built on blockchain technology, dKargo (DKA) is a logistics platform that solves the challenges of the traditional logistics sector.

Specifically, it seeks to bring together separate logistic services into a single, transparent, and efficient ecosystem based on decentralized technology.

The primary aim of dKargo is to provide an interface where the participants of the logistic chain, from shippers and transport providers to receivers, can interact with each other effectively.

This type of environment facilitates efficient transfer of information and products.

Thus, increasing the reliability of supply chains across the world.

Here are a few key features of dKargo.

Decentralized Coordination

The dKargo ecosystem is a decentralized system where all the involved players in the logistical chain can arrange the delivery of the products directly without having to report to a central party.

This setup minimizes the risks of bottlenecks and increases the speed at which logistics activities are carried out.

Transparency and Traceability

Thanks to blockchain technology, dKargo guarantees that each transaction and movement within the supply chain is recorded and trackable.

It reduces fraud, theft, and loss while increasing the level of confidence in all stakeholders.

Smart Contract Automation

Smart contracts perform some crucial tasks in the logistics chain.

Mainly, these include payment, verification, and acknowledgment of delivery.

Such automation reduces the roles of employees and fastens operational processes.

Dynamic Pricing Model

The platform also uses real-time pricing strategy, which means it adapts to pricing according to the availability and the demand.

This feature contributes to the fair pricing on the provision of logistic services and assists in maintaining adequate market rates that change due to various reasons.

Community Governance

dKargo provides its users with a community-governed model in which they can express their choices regarding certain aspects of the platform.

It may involve tweaking and modifying the software, refining policies, and even resolving existing conflicts based on the preferences of the organizations, guaranteeing that the ecosystem is continually improving for all parties.

How Does dKargo (DKA) Work?

Several sophisticated technologies and methodologies have been employed by dKargo (DKA) to transform the logistics sector.

Here’s a step-by-step breakdown of how it operates.

Participant Registration

All the entities interested in the shipment, whether they act as shippers, transport service providers or receivers, will need to become members of dKargo.

While registering with the service, they enter some basic business details which are authenticated by the system and kept in the blockchain database.

Smart Contract Creation

After registration, transportation contract transactions take place through smart contracts.

These contracts are self-executing on the blockchain and require all stated conditions to be met before any goods are delivered or payment is made.

Data Sharing

The data associated with shipping, including the location change notifications, delivery progress, and the condition of the shipped items, is permanently stored on the blockchain.

This information is open to all stakeholders in real-time.

Thereby increasing transparency and enabling efficient control of supply chain activities.

Optimization Algorithms

dKargo utilizes complex working algorithms in the determination of the most appropriate routes and matching of loads.

All these algorithms work based on data such as traffic density, weather conditions, and the carrying capacity of vehicles to recommend the best routes and load configurations.

Dispute Resolution

Due to the platform’s decentralization, the problems can be disputed in a fair and transparent manner.

The blockchain enables an objective real-time record of interactions and transactions, which can be useful in eliminating conflicts or heating personal biases.

Payment Processing

When the delivery is completed, the smart contract starts the payment cycle.

Payment is done in DKA tokens, which are the native currency of the platform and can be converted to other cryptocurrencies or world currencies.

DKA Tokenomics

As mentioned, DKA tokens are the primary currency of the dKargo platform.

Let’s have a look at the supply, distribution, utility, and incentives of this cryptocurrency.

Token Supply and Distribution

The supply of DKA currency is capped and a very limited number of tokens are released by the dKargo.

This finite quantity is an important component in the economic model of the dKargo platform, as it helps avoid inflation, and at the same time, preserves the value of DKA tokens.

The distribution of DKA tokens follows a strategic allocation designed to support the long-term viability of the platform.

Here’s a quick overview of the distribution process:

• Founders and Team: Some of the token shares are allocated to the founding committee and other important members of the company. It is paid gradually to ensure that the interests of the team are tied with the success of the platform.
• Partners and Advisors: Along with founders, these tokens are distributed to major partners, advisors, and contributors who are crucial in the success of the ecosystem.
• Network Growth: A substantial part of tokens is used as rewards, stacking bonuses, and other purposes; these incentives seek to attract logistics companies and consumers and other interested parties.
• Public and Private Sales: Tokens are also sold to the public and selected investors to raise capital and push the token into the market.

Utility and Incentives of DKA Tokens

DKA tokens have several functions in the dKargo system.

For the applicants, the tokens could be used to purchase transportation and logistics services at possibly lower costs when compared with the fiat currencies.

Moreover, service providers need to hold DKA tokens so that they can bid for logistics contracts.

The requirement guarantees that all the parties are interested in the well-being of the ecosystem, and, therefore, it is likely to foster a greater level of commitment towards the delivery of high-quality and reliable services.

Furthermore, the use of incentives through the DKA tokens is another way of engaging stakeholders.

This incentivization arises following the provision of high-quality data on shipping routes, transportation time, and service quality.

How to Acquire and Store DKA?

Purchasing DKA

To acquire DKA, the native token of the dKargo blockchain platform, follow these streamlined steps:

1. Choose a Cryptocurrency Exchange: To begin with, choose a platform that offers the trading of DKA coins. Some of the well-established trading platforms, such as Gate.io, HTX(Huobi) and Upbit, feature different altcoins, including DKA.
2. Create an Account: Select an exchange – when you’ve done that, account registration is the next step. It usually involves entering some of your personal details, as well as passing a verification step to meet the legal requirements.
3. Deposit Funds: After creating an account, you should top up your balance; usually, it can be done through credit card and PayPal. You can make deposits starting from $10 via bank transfers or using one of the supported cryptocurrencies – BTC or ETH. Select the option that you prefer – bank transfer, using a credit card, or depositing from another cryptocurrency.
4. Purchase DKA: In the trading section of the exchange, choose the correct DKA pair (for example, DKA/USDT). Specify the amount of DKA you want to purchase.
5. Confirm Transaction: Before processing the payment, always check the details such as exchange rates, charges, and total transaction cost. To finalize the deal, you must click on the ‘check-out’ button as the final step.

Storage Solutions

Upon purchasing DKA, it is important to ensure that it is properly kept and secured. Here are the recommended storage solutions:

• Exchange Wallets: Having your DKA in the exchange wallet can be useful so that you can always have it visible and accessible for trading. However, it tends to be less secure than other alternatives because you rely on the exchange to store your tokens.
• Software Wallets: For better security, consider moving your DKA to a software wallet. It’s installed on your computer or mobile device. This wallet is more secure than the exchange wallet and is relatively convenient to use as well. Some examples are Trust Wallet and Metamask, which let users hold tokens across different blockchains.
• Hardware Wallets: If you are dealing with high amounts of DKA or if you want the highest security for your wallet, a hardware wallet is recommended. These devices hold your private key offline, and thus they cannot be affected by any online hacking. Some of the most renowned hardware wallets include Ledger or Trezor, both of which provide considerable safety measures.

Conclusion

To conclude, dKargo is a great innovation in the logistics industry. It relies on blockchain technology to increase effectiveness, credibility, and openness within the sector. As a decentralized platform, dKargo has not only digitalized the logistics industry but also established a secure transactional model free from fraud or any kind of alterations.

We Coin-Labs.com provides only objective information about dKargo (DKA).
Therefore, we are not responsible for the investment decision in dKargo (DKA) and the resulting loss.

dKargo (DKA) Basics

Here are some factors that investors should consider before investing in dKargo (DKA).

Cryptocurrency Features	dKargo (DKA) (DKA)
Publisher or Developers
Headquarters (Registration Number)
Symbol	DKA
Platform
Published Date (CMC Registration)	2024-11-01
Max Supply	5,000,000,000 DKA

Reliability Score of dKargo (DKA) in 2024

These are indexes mesuring the investment reliability of dKargo (DKA) conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 2 Exchanges
Number of Available Pairs Worldwide	22 Pairs
Market Cap of the Cryptocurrency	111,610,795 USD (Rank #321)

The table above shows the result of investment suitability evaluation for dKargo (DKA).
Check out how we evaluate cryptocurrencies on the crypto rating description page.

dKargo (DKA) Price

Here are the price and recent trading volume of dKargo (DKA). (Data of 2024-11-02 00:35:00)

Price Items	Price and Trading Volume of dKargo (DKA)
dKargo (DKA) Price	0.019 USD
Price Change 24h	-3.01%
Price Change 7d	-3.45%
Trading Volume 24h	800,794 USD
Trading Volume Change 24h	-14.34%

Cryptocurrency Metadata

You can check the development status and social media information of dKargo (DKA) through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy dKargo (DKA)

Here are the top ten world crypto exchanges where traders can buy dKargo (DKA) in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Not listed
Coinbase	Not listed
Kraken	Not listed
KuCoin	Not listed
Bitfinex	Not listed
OKX	Not listed
Huobi	Listed	https://www.htx.com/trade/dka_usdt
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Listed	https://www.gate.io/trade/DKA_USDT

Frequently Asked Questions