Project Overview

Disclaimer

The digital token of the Dubhe project (hereinafter referred to as “DUBHE”, symbol DUBHE) is not intended to constitute a security, fiat-backed token, e-money, acceptable virtual asset, or any specific investment product as defined under the Financial Services and Markets Regulations 2015 (“FSMR”) of the Abu Dhabi Global Market or equivalent regulations in any other jurisdiction.

Please note that if the DUBHE token economy fails to materialize or if the Dubhe Foundation (hereinafter referred to as the “Foundation”) fails to achieve its vision and goals, you may not recover any funds paid in exchange for DUBHE tokens.

This white paper is for informational purposes only regarding the Dubhe token model and network functionality. It does not constitute a prospectus or offer document. Any decision to purchase or sell DUBHE should be based on the independent Terms & Conditions (T&Cs), which shall prevail in case of any inconsistency with this white paper.

This white paper has not been reviewed or approved by any regulatory authority. Publishing, distributing, or disseminating this document does not imply compliance with applicable laws or regulatory requirements. Distribution in restricted regions is strictly prohibited.

If you have any questions after reading this white paper, please consult your legal, financial, tax, or other professional advisors.

Introduction

Our Origin

Dubhe originated in 2023 as an internal incubation project of Obelisk Labs, initially known as Obelisk Engine. It became independent in 2025. Dubhe now focuses on the Move Virtual Machine (MVM) ecosystem, providing a three-layer architecture: Engine – OS – Channel, designed to make real-time Web3 apps (DeFi, on-chain games, social) as seamless as Web2.

Mission

To empower creators and businesses to build and create value freely in the decentralized world through composable, high-performance on-chain infrastructure.

Vision

• Dubhe aims to become the default session layer for real-time global Web3 applications, serving millions of developers and hundreds of millions of end-users.
• Through modular technology and simplified developer experience, Dubhe seeks to expand the Move ecosystem to multi-chain and multi-rollup environments, covering over 50% of on-chain interaction volume within five years.

Value Proposition

1. Unified Developer Experience — Dubhe Engine allows multi-chain deployment from a single declarative schema via code generation.
2. Extreme Performance — Dubhe Channel enables sub-50 ms execution and >500,000 TPS through rapid validation and state sync.
3. Sustainable Economy — Charges based on set() calls, paid in DUBHE; cost scales linearly with business growth.
4. Initial User Base — With flagship app Merak, Dubhe already supports >200k on-chain active addresses and >20M+ set() operations.