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What is Dotflat?
Dotflat (DFC) is a collateralized flatcoin with stable purchasing power. The coin’s value is tied to a basket of commodities, ensuring that users’ funds are always protected from inflation and economic fluctuations.
Invest in Dotflat
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Advantages of Dotflat

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Full Collateralization

Flatcoins are backed by cryptocurrency, which is locked in a smart contract balance. Users provide this collateral in ETH based on the current price of the cryptocurrency and the commodities in the basket.

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Transparency

All balances, terms, quotes, and transactions are publicly available on the blockchain. Any user can access the information at any time.

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Decentralization

The system is fully governed by open-source smart contracts, eliminating the possibility of third-party interference and ensuring the system's reliability.

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Inflation Protection

The purchasing power of DFC does not change over time. Dotflat enables users to preserve their funds’ value over years and decades by tying the coin to a basket of commodities.

How does DFC work?
Dotflat is a fully collateralized and decentralized coin that is tied to a commodity index through cross rates. Its value remains stable relative to the average price of commodities like silver, gold, copper, orange juice, coffee, corn, wheat, cotton, rice, lumber, oil, gas, cattle, and others.
The issuance of flatcoins in Dotflat is based on a Collateralized Debt Position (CDP) mechanism or credit issuance. After the user provides collateral in the native cryptocurrency, which is tied to the current commodity basket price and ETH/USD rates, flatcoins are issued.
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Flatcoins are not issued for the full amount of collateral in ETH but with a 30% discount. This discount helps cover potential ETH price fluctuations, reducing risks and ensuring system stability. If ETH price increases relative to commodities, all coins remain fully collateralized. In case of a price drop, the system requires the user to increase the collateral, and if this is not done, the collateral is automatically auctioned to cover the debt.
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Issue DFC
Lock ETH tokens in a smart contract on the Ethereum network and issue your own Dotflat tokens. Protect your savings from inflation and earn from the fluctuations in the reserve cryptocurrency's exchange rate
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Oracle System
A system of independent oracles broadcasts commodity market prices to the blockchain. Based on this data and the current value of the native cryptocurrency, the smart contract determines how much cryptocurrency (considering the 30% discount) must be in collateral for each flatcoin issued by Dotflat.
Initially, the price of DFC was set at 1 USD per flatcoin. Despite inflation and rising commodity prices, Dotflat`s purchasing power is preserved and sometimes even exceeds the dollar, which serves as the average indicator of commodity value. In some cases, the value of DFC may temporarily fall below USD due to commodity price drops.
All terms are fixed in smart contracts, ensuring that no organization or group of people can influence the owner's balance.
Tokenomics

The system’s main governance token is the Rule Token (RLE).

The initial issuance is 1 million RLE, distributed as follows:

  • 1 Pre-seed = 50 000 RLE
  • 2 Advisers = 50 000 RLE
  • 3 Pre-sales = 240 000 RLE
  • 4 IDO = 360 000 RLE
  • 5 Liquidity = 100 000 RLE
  • 6 DFC team = 200 000 RLE

All proceeds from pre-seed and pre-sales will be directed toward development and marketing.

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RLE Significance
RLE is the governance and voting token within the Dotflat ecosystem. After the initial setup, token holders can change all key system parameters through a voting process. Each RLE equals one vote.
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Burning
Dotflat’s ecosystem has its own stabilization fund, hosted on a CDP smart contract. It comprises 5% of the total DFC supply. Its existence can always be verified on the blockchain. Loan interest or margin call fees go directly into the stabilization fund. When the fund overflows, any user can initiate an automatic auction to repurchase RLE. All RLE governance tokens acquired by the system are destroyed, increasing the value of RLE.
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Additional RLE Emissions
If the stabilization fund lacks sufficient funds, an auction can be initiated to replenish it through additional token issuance. The system minimizes the additional issuance through the auction mechanism. The maximum issuance volume is 1% of the total supply per auction.
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Purchase RLE
Invest in Dotflat governance tokens and become beneficiaries of the system. Participate in project management and get your share of the platform's profits
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Frequently Asked Questions (FAQ) about Dotflat

How does the Dotflat oracle system work?

Dotflat oracles transmit commodity price data to the blockchain. This data helps automatically recalculate flatcoin prices based on market changes.

How is the value of the Dotflat flatcoin determined?

Dotflat’s value depends on the prices of goods in the commodity basket, which includes goods like gold, oil, copper, agricultural products, and others. It currently contains 34 items.

How can I get Dotflat flatcoins?

You can buy Dotflat on cryptocurrency exchanges or issue them yourself by providing ETH as collateral. Issuance is done through a smart contract, which locks ETH and determines the number of flatcoins you will receive based on the current ETH price and the value of the Dotflat commodity basket.

How does Dotflat’s collateral system work?

Every issued flatcoin is backed by ETH collateral. The collateral is accepted with a 30% discount, providing additional risk protection. If the ETH price falls, the user is given two options: increase the collateral or return part of the issued flatcoins. If neither action is taken, the system automatically auctions the collateral to cover the debt.

Why was ETH chosen as the reserve currency?

ETH, one of the largest and most widely used cryptocurrencies globally, was chosen for its high capitalization, liquidity, and ability to execute smart contracts on its blockchain. In the future, we plan to expand the list of reserve currencies.

What’s more profitable: buying Dotflat or issuing them yourself?

Buying Dotflat on the secondary market is beneficial for long-term investments or trading if their price is below the indicative value. Issuing flatcoins is suitable for those expecting ETH growth. As the price increases, so does the collateral amount. The user can either return part of their collateral or increase flatcoin issuance.

Can the composition of the commodity basket be changed?

Dotflat governance token holders can influence the composition of the commodity basket by voting to add or remove items. This allows the basket to adapt to global market changes and community preferences.

How safe is the Dotflat system?

The risks are minimized through the collateral mechanism and the oracle system. Even with significant ETH or commodity price fluctuations, Dotflat automatically regulates issuance and collateral protection through smart contracts and auctions.

Where do the commodity price quotes come from?

Currently, Dotflat's commodity prices are parsed from investing.com and then transferred to the blockchain centrally. We are working on decentralizing this process and plan to implement it soon.