FAQ

1. What is Delta Platinum? 
2. What is DPINR? 
3. What are the benefits DPINR? 
4. How does DPINR work? 
5. What wallet supports DPINR? 
6. What is cryptocurrency? 
7. Why was cryptocurrency invented? 
8. How is cryptocurrency different from fiat currency? 
9. What problems does cryptocurrency solve? 
10. What is a private key? 
11. What is a wallet? 
12. How does a wallet work? 
13. Why should I use cryptocurrency?
14. How do I use cryptocurrency safely? 
15. What are the top 3 crypto mistakes people make? 
16. What is a stable coin? 
17. What is a token? 
18. What is an NFT?
19. What is an SBT?
20. What is a crypto exchange? 
21. What are crypto scams? 
22. How do crypto scams work? 
23. How to avoid crypto scams? 
24. What is the consensus mechanism? 
25. What is proof of work? 
26. What is mining? 
27. What is proof of stake? 
28. What is staking? 
29. What is Web3? 
30. What is an L2 network? 
31. What is the blockchain trilemma?

1. What is Delta Platinum? 

Delta Platinum is a leading Web3 company specializing in development and launch of decentralized, permissionless gaming tokens. Our goal is to help people enter the world of blockchain and discover the limitless possibilities that Web3 has to offer.

We partner with the leading sports and gaming companies across the world and focus our attention on improving the lives of gamers and sports fans.

2. What is DPINR? 

Delta Platinum – DPINR is a decentralized and permissionless gaming token designed for the leading gaming partners from India. 

It’s developed and launched by Delta Platinum in order to give sports fans and gamers the ability to experience the benefits of blockchain technology – security, speed and decentralization. 

Our partners allow the players the opportunity to exchange their DPINR to whatever asset that suits their gaming needs. 

3. What are the benefits DPINR? 

The key benefits of DPINR are: 

• It’s permissionless. This means you are free to send, receive and store your DPINR the way you want and there’s absolutely nobody who can stop you. 

• It’s fast, secure and cheap to use. Thanks to the TRON network, DPINR is simply much more convenient than fiat currency. High transaction fees can be relegated to the pages of history books. 

• DPINR users benefit from a 5% conversion bonus, as well as future reward programs, bounties and giveaways. Our stable coin is made for players and sports enthusiasts. Aside from security and convenience, it is also extremely fun to use. 

4. How does DPINR work? 

DPINR is a blockchain based token deployed on the TRON network. The massive speed of 2500 transactions per second, allows DPINR to be sent and received anywhere in the world in seconds – at a fraction of the costs of traditional currency (such as the Indian Rupee). 

Our industry partners provide convenient ways to allow Players to exchange their DPINR to any in-game currency to suit their needs and much more. The transactions are instantaneous without tedious delays. 

With time we DPINR will have additional functionality and many more options that will ensure unprecedented useability inside the Blockchain space. 

5. What wallet supports DPINR? 

DPINR can be safely stored in non custodial wallets such as: TronLink and Trust Wallet and be used in conjunction with Cashier payment portal on Dafabet.

We have provided fast and easy guides on our Youtube page. 

6. What is cryptocurrency? 

Cryptocurrency is a digital asset that uses cryptography to help execute transactions, prove ownership and even run smart contracts.

Aside from being a digital asset, cryptocurrencies also function as decentralized networks and even as systems of accounting.

Digital assets such as cryptocurrencies must be: 

• Decentralized – working on a decentralized network of computers
• Permissionless – allowing users to send and receive their digital assets however they want
• Secure – immune to hacks, attacks and malicious actors

Every transaction on any given cryptocurrency network is permanent and irreversible. 

7. Why was cryptocurrency invented? 

After the disastrous financial crisis of 2008 people needed an honest, transparent and incorruptible form of money. A new financial system that was free from corruption and manipulation – a financial system that was open to anyone with an internet connection. 

On the 3rd January of 2009 Satoshi Nakamoto launched the Bitcoin network – the very first form of blockchain-based cryptocurrency, changing financial history forever. 

8. How is cryptocurrency different from paper or digital money?

Cryptocurrency possesses unique traits that drastically differ from traditional currency that we know today. Let’s take Bitcoin as an example. 

Double spend problem

Every single unit of Bitcoin is unique and unlike other digital media (such as pictures, text and files) it cannot be copied or replicated. 

Limited supply 

Fiat currency can be printed out of thin air in unlimited amounts. Bitcoin however, is limited to only 21 million coins. Every coin can be divided into 8 decimals – allowing anyone to possess even a tiny fraction of one Bitcoin (0.00000001 BTC)

Decentralization

Bank transactions are allowed (or denied) by banks and payment processors. The Bitcoin network is decentralized across millions of computers around the world. Users don’t need anyone’s permission to send and receive BTC. The network just works flawlessly 24/7, 365 days per year. 

Immutability 

Fiat transactions can be reversed (for example during fraudulent transactions). Bitcoin transactions are immutable – once the transaction is confirmed by the network, it cannot be reversed. When the transaction data is registered on the blockchain, it becomes immutable. 

Transparency 

No bank in the world will allow normal people to audit their internal accounting. The Bitcoin network on the other hand is fully transparent. Anyone can open the blockchain explorer and verify that a certain transaction took place. Today there are some cryptocurrencies that have privacy features that allow users to remain anonymous. 

Conclusion: Cryptocurrency was specifically designed to be completely different from traditional fiat currency. 

9. What problems does cryptocurrency solve? 

Today, 1.4 billion people in the world don’t have access to financial services. Thanks to cryptocurrency they can now enjoy limitless possibilities such as; sending and receiving transactions, earning a passive income and even being insured against any unforeseen event. Anyone is free to use cryptocurrency when and where they want. 

Thanks to the permissionless and decentralized nature of cryptocurrencies, people can conduct daily financial transactions without worrying about sanctions or any other restrictions. 

Cryptocurrencies allow people to be mobile. Anyone can remember the recovery phrase to their wallet (or write down a private key) and cross any border of any country in the world – taking their financial assets inside their head. 

The open ledger of transactions (called the blockchain) allows for maximum transparency and accountability. This eliminates such destructive behavior as corruption, cronyism and lack of trust. 

Conclusion: Cryptocurrency is designed to be a complete counterpart of the traditional financial system. It opens doors to financial inclusion around the world and breaks the monopoly of centralized control. 

10. What is a private key? 

A private key is a secure, randomly generated code used in cryptocurrency to authorize transactions and access your funds inside your wallet. It acts like a password, allowing the owner to prove ownership and control of their digital assets. 

A private key looks like a random string of letters and numbers. For example:

e75a6cd43a16c2f31d1a3c17700af64d3658a380c49d65b20cc75b1f7c0e001b

Keeping the private key safe (preferably offline) is crucial, as anyone with access to it can access your funds. 

A private key can generate almost infinite amounts of public keys. (these are also called addresses). You can give your public key to anyone who wishes to send you cryptocurrency. 

Conclusion: A private key can be seen as an entire bank building in your pocket. A public key can be seen as your bank account number. 

11. What is a wallet? 

A wallet is simply a program (or app on mobile devices) that generates, stores and uses your private key, allowing you access to and control of your cryptocurrency. 

The most popular wallets are

Paper wallet – where the private and public keys are simply written on a piece of paper. This is the most simple and primitive type of wallet out there. 

Hot (multicoin) wallet – This wallet allows you to store multiple different types of digital assets in one app. For example you can have BTC, DPINR, ETH, DOGE, TRX, XRP, … all in one wallet. Hot wallet is called “hot” simply because the private keys are stored on your electronic device. There is 1 private key for every coin you own. 

Cold storage wallet – This is usually also a multicoin wallet, however the private keys are stored on an external device (that usually looks like a flash drive). The extra layer of security allows for maximum protection of your private keys at all times. 

Web3 wallet – this is usually a hot multicoin wallet that lives inside your internet browser. It allows you to seamlessly interact with Decentralised applications (Dapps) – opening the doors to endless possibilities. Again here, your private keys are stored on your electronic device. 

12. How does a cryptocurrency wallet work? 

A wallet randomly generates your private keys, encrypts them using a recovery phrase (consisting of 12 or 24 random words) and allows you to access and manage your digital assets. 

If you have purchased (or received cryptocurrency in the past) your wallet will show you your current balance. The wallet does this by looking on the blockchain (the register of all the transactions ever made) and searching for transactions that are controlled by your private keys. 

IMPORTANT – There is no way of recovering your private keys if you lose your recovery phrase. Always write down the 12 or 24 words on paper and keep several copies of these important documents. Never give your recovery phrase to anyone. If anyone sees your recovery phrase, they will steal your cryptocurrency. 

13. Why should I use cryptocurrency?

Cryptocurrency gives you options to work outside of the traditional financial system. Today fiat currency has become a tool of control that prevents millions of people from being a part of the financial system. 

Cryptocurrency is open, decentralized and inclusive by design. Anyone with a smartphone or pc with internet access can start using cryptocurrency without anyone’s permission. 

There are no limits on the amount of transactions you send or receive. The decentralized blockchain architecture allows you to work in a fully permissionless way. 

14. How do I use cryptocurrency safely? 

• Cryptocurrency transactions are irreversible and permanent. This means you must never send coins and tokens to unknown addresses. When you’re making a large transaction, always send a small “test transaction” first. When the receiver confirms the arrival of the test transaction, you can safely send the main amount. 

• Making at least 2 backups of your wallet is extremely important. If you don’t make a physical backup, you will lose access to your coins and tokens if your digital device is no longer working. 

• The open and permissionless nature of cryptocurrency always attracts scammers. It’s vital to educate yourself about the most common scams. The rule of thumb is never to give your sensitive information to anyone (passwords, recovery phrases, private keys, pin codes and 2FA keys). Not even the developers or support team will ever ask for this information – EVER. 

• Start small. Send and receive small sums. Get comfortable with using addresses, buying and selling coins and tokens. Cryptocurrency is made to be used in the real world. When you start today, you will be technologically ahead of 92% of the world population. 

15. What are the top 3 crypto mistakes people make? 

• Lack of knowledge: Before you even download and install your crypto wallet, it’s important to know why cryptocurrency has been invented and what problems it solves for people. Even reading a small article will help you become much more knowledgeable. 

• Ignoring security: Often people fail to backup their wallet’s recovery phrase and passwords. This leads to a total loss of your coins and tokens. The dullest pencil is sharper than the best mind – always write down your most vital information. 

• Greed and impatience: Although the world of crypto moves very quickly, it’s vital to slow down and think before you take any step. Scammers will often create a sense of urgency to trick you into giving away your sensitive information. Remember: slow down and think before you act. 

16. What is a stablecoin? 

Stablecoins are digital assets that are pegged 1:1 with fiat currencies such as the USD, EURO and many others. They are deployed on blockchain networks that support smart contracts (for example Ethereum, Matic, Tron, Solana, …) and their value always remains constant. 

Stablecoins play a big role in decentralized finance (DeFi), as well as in the daily lives of millions of people. You don’t need anyone’s permission to send and receive stablecoins. This opens many possibilities for people who don’t have access to the traditional banking system. 

The convenience, speed and low cost of transactions has made stablecoins an essential part of the entire cryptocurrency market and their influence will only continue to grow over time. 

17. What is a token? 

A token is a digital asset built on a blockchain network, representing ownership or access to something – this could be currency, rights, or services. 

Unlike cryptocurrencies (like Bitcoin or Ethereum) that have their own native blockchains, tokens are typically created and run on top of an existing blockchain, often using smart contracts (like ERC-20 tokens on Ethereum or TRC-20 tokens on TRON). 

There are many kinds of tokens that serve a specific purpose; 

Utility tokens Are used to access specific services or features in centralized and decentralized applications. For example paying for services, voting or being a part owner of a Web3 project. DPINR is also a utility token that allows players the flexibility of working with fast and low cost on-chain transactions. 

Security tokens usually represent real-world assets, like stocks or real estate, offering legal ownership or claims to profits. 

Non-fungible tokens (NFTs) are unique digital items representing ownership of a specific asset, often used for art, collectibles, or gaming.

Every year the use of tokens is expanding and people find many exciting use cases for these digital assets. 

18. What is an NTF’s (Non Fungible Tokens)?

Fungibility means that every token is the same as the previous one. For example 1 DOGE is the same as 1 DOGE. In this case DOGE is completely fungible. 

Any other token (that is special and different) is considered to be Non-fungible. Hence, the NFT’s serve a purpose of being unique and often collectible. These can be: 

• Special reward tokens 
• Collectable digital trading cards
• Ownership tokens that represent something with limited edition issue 
• In-game items for players 
• Digital concert tickets 
• And much much more

Another interesting feature of the NFT, is that it’s freely transferable to whomever you like. You can send and receive NFT’s freely. This opens up interesting opportunities for speculation whereby people can buy and sell their NFT’s on centralized and decentralized exchanges. 

19. What are SBT’s (Soul Bound Tokens)? 

Whereas NFT’s are freely transferable, the SBT’s are not. These tokens are very similar to NFT’s, however they cannot be removed from your wallet. 

SBT’s are used today to: 

• Prove your identity 
• Prove your professional credentials (such as diplomas and certificates)
• Prove your reputation

In the future SBT’s will play a massive role in facilitating decentralized trust – simply looking at the tokens in anyone’s wallet will immediately prove that the owner of this wallet can be trusted. 

20. What is a crypto exchange? 

This is an online platform where people can buy and sell coins, tokens and NFT’s. 

Crypto exchanges can be centralized and decentralized. 

• Centralized means that the address where you deposit your coins and tokens (for trading purposes) belongs to the exchange. In other words they control the private keys. 

• Decentralized means that you connect to the exchange using your own wallet – where you control your private keys at all times. 

Both centralized and decentralized exchanges have pros and cons and together they make the purchase, sale and exchange of value possible to anyone in the world. 

21. What are crypto scams? 

Crypto scams are malicious manipulations aimed to steal coins and tokens or hijack a user’s device. 

Due to the fact that crypto transactions are irreversible, there are numerous crypto scams in existence. Ranging from simple phishing scams to elaborate social engineering tactics that are used on social media platforms like Telegram and Discord. 

To avoid crypto scams, never give anyone your sensitive wallet data, login data or anything that may compromise your digital device. Every year new and more elaborate scams are invented. 

22. How do crypto scams work? 

In summary a scammer will always try gain access to; 

• Your wallet ( using your login credentials, private keys or recovery phrases ) 
• Your phone or computer ( in order to steal your sensitive information that you may have stored there ) 
• Your trust ( while impersonating someone who can “help” to solve your technical issues) 

New and more elaborate scams are being detected constantly. The best way to fight scams is by educating yourself about them. Consider reading this article. 

23. How to avoid crypto scams? 

The best way to arm yourself against scammers is by educating yourself. The more you know about crypto scams, the safer you will be. 

Follow these simple rules on your Web3 journey at all times: 

• Always backup your wallets using a password book and a pen. Never store your passwords, recovery phrases and private keys on a digital carrier. Always have 2 password books. 

• Scammers always try to impose on you a sense of urgency. When you interact with a suspicious person (or a platform), always stop, think and research!  Never give into the sense of urgency! 

• Verify, verify, verify! Any email, link or private message should be carefully inspected. 

• Education is your best weapon. Educate yourself about the most common scams using this article. 

24. What is a consensus mechanism? 

When you send a crypto transaction, the decentralized network of computers (that helps this transaction arrive to the receiver) must be “in consensus” that your transaction is valid. This digital orchestra happens through the entire crypto network. 

Consensus ensures that every computer that’s connected to the blockchain network has the same version of the blockchain, keeping things secure and trustworthy. It is in fact “a source of truth” that irrefutably confirms that your transaction has been sent to the receiver and it has perfectly arrived at its destination. 

Without a consensus mechanism, bad actors would have the means of inserting fraudulent transactions onto the blockchain. Luckily, the decentralized networks are designed in such a smart way, that these shenanigans are impossible. 

25. What is proof of work? 

Proof of Work (POW) – is a consensus mechanism whereby computers solve complex math problems to validate transactions. The first one to solve it gets to add the new block and earn a reward. This reward is usually paid out in a native coin such as BTC, DOGE or LTC. 

Bitcoin, Dogecoin and Litecoin are perfect examples of POW blockchain networks. 

26. What is mining? 

Crypto mining is the process of validating and adding new transactions to a blockchain. 

Miners use powerful computers to solve complex math problems. These problems help confirm that transactions are real and secure. When a miner solves this complex math problem (proving that they have “done the work”), they get to add a new “block” of transactions to the blockchain. 

When this happens, the computer that solved the problem first, receives a “block reward” paid out in the coin that’s native to the network (for example BTC, LTC or DOGE)

Mining keeps the crypto network safe because it’s very difficult for the computers to solve these problems – only dedicated computers that play by the rules of the network can have a chance of winning the block reward. 

27. What is Proof Of Stake? 

Proof of Stake (POS) Is a different consensus mechanism. Instead of solving math puzzles, people “stake” or lock up their coins to help validate new transactions. The “validators” that stake their coins are also paid a block reward in the native crypto currency such as ETH, TRX or AVAX. 

This consensus method has been invented in order to offset the cons of Proof of Work. In a POW system you need several powerful computers (and access to cheap sources of energy) to be a profitable miner. 

In a POS method, you simply need to lock up your coins to “prove your stake” to the network. When your “validator” is chosen to confirm a block of new transaction data (this happens randomly), you will receive a block reward. 

28. What is staking? 

This is a mechanism whereby users lock up their tokens in order to achieve several benefits; 

• Help validate new transactions (using POS consensus) and earn block rewards
• Earn a passive income (paid out in the same tokens) 

When tokens are staked, this creates a deflationary pressure that helps to increase the token price. When many people are stalking their tokens at the same time, the overall amount of the tokens on the open market decreases, leading to a higher price as a result. 

29. What is Web3? 

Web3 is the next generation of the internet, built around blockchain technology and decentralization. 

Today’s internet (Web2) is mostly controlled by big companies like Google, Facebook, and Amazon. They store your data and control how apps and websites work. Web3 aims to change that by giving control back to users through decentralization. 

Instead of relying on big companies, Web3 apps run on blockchains, which are maintained by a network of computers (nodes). In Web3, you can own and control your data, assets, and even the apps you use. 

Cryptocurrencies, NFTs, and decentralized apps (dApps) are part of this Web3 world. In short, Web3 is all about making the internet more open, user-controlled, and powered by blockchain. 

30. What are L2 networks? 

Sometimes blockchains become so popular that they can “clog up” with new pending transactions. Miners or validators cannot process all the transactions that are standing in line, waiting to be included in a new block of data. 

This creates massive issues, such as network delays and high transaction costs

L2 networks solve this problem by helping to “offload” a part of the computational power that’s needed to validate transactions. 

An L2 network stores a large block of transaction data off-chain (sometimes even on a centralized server) whereby only a small transaction is stored on the main L1 network’s blockchain. This dramatically reduces transaction costs and improves the speed of an L1 network. 

If Ethereum is an L1 network, Arbitrum and Optimism are L2 networks that help Ethereum to “scale” its transaction throughput. 

31. What is a blockchain trilemma? 

A blockchain trilemma is a delicate balance between 3 main characteristics of any decentralized blockchain network;

• Security 
• Decentralization  
• Scalability 

It is the holy grail of blockchain engineers – whereby they strive to create the best possible network that has all 3 attributes. 

For example: 

• A Secure and Scalable network is usually not really decentralized. 
• A Decentralised and Secure network usually has speed and scalability issues 
• A Scalable and Decentralized network won’t be 100% secure

For more than a decade, blockchain engineers have been trying to solve this trilemma to give to the world the best crypto networks that share all 3 attributes. It will will trial and error and some time before these issues are solved.