🎛Doaverse Labs Token
Doaverse Labs Token Economics
🍮Issuance and Inflation
Doaverse Labs plans to issue two tokens: Doaverse DEX Token and Doaverse Resolution protocol Token.
The initial total supply of Doaverse DEX Token is 1 billion, used for value management of the Doaverse DEX, with the symbol DO and no inflationary plan.
The Polygon network contract address is 0x248C295f3621Ee01D61c39CD5bFb8b9cb2A2A343.
The initial total supply of Doaverse Resolution protocol Token is 1 billion, used for governance of the Doaverse resolution protocol, with the symbol DRP, and no inflationary plan.
The Polygon network contract address is yet to be released.
📈Token Economics
Doaverse DEX Token Part
Doaverse DEX Token is the cornerstone of Doaverse DEX, and the platform will provide rich service privileges to users who hold the token. The details of the rights and interests will be gradually opened up as the platform functions are launched. The issuance vision of Doaverse DEX Token is that it needs to be multi-year, scalable, and sustainable until the platform's user base is worldwide.
Considering this, the token allocation is broken down as follows.：
Team
17.00
12% will be distributed to the Doaverse Labs team members, while the remaining 5% will be distributed to the early contributors of the DEX.
Marketing
12.50
As a marketing fund for the product, it will be allocated in different marketing methods such as industry media, new media, offline media, regional and government media, KOLs, DAPP cooperation, etc. with different ratios.
User incentives
10.50
50% of the transaction fees paid by users will be returned to them in the form of tokens, with a linear release over a period of two years.
Financing
28.00
Doaverse Labs plans to accept investments in five phases: cornerstone, angel, institutional, public offering, and IDO, with different ratios in each phase. As the project matures, they may also end their financing plan early.
Airdrop
5.00
The plan is to provide users who have early complete experience with the DEX product features and continue to follow the product dynamics with high proportion of token airdrops. Multiple airdrops will be distributed at different ratios during the early, mid-term and mature stages of the project.
Community
7.00
7% of the tokens are controlled by the community's finance department and the final distribution of these tokens will be decided by community vote to incentivize more community contributors.
Foundation
12.00
5% of the tokens will be allocated to the public welfare foundation, which will be used to support social public welfare causes such as charity, education, and environmental protection. 7% of the tokens will be allocated to the ecological foundation, which will be used to support the development of the project's ecology, such as developing new DAPPs, accelerating the launch of projects within the ecosystem, improving user experience, etc.
Donation and Partner
8.00
The remaining tokens will be distributed to the community as gifts or bug bounty rewards, to strategic partners such as listed exchanges, as well as to the most active and helpful community members and advisors who contribute to the development of the protocol.
The Doaverse Labs team and early supporters.
The linear vesting period for these tokens is 3 years, starting from February 2023.
12% of the tokens will be allocated to the members of the Doaverse Labs team
5% of the tokens will be allocated to early supporters
According to the plan, the tokens obtained through donations and other means are guaranteed to have greater liquidity than the tokens allocated to the team and early supporters. To reduce the risk of potential risk capital in this agreement, the tokens that must be allocated to the team + early supporters + advisors will be periodically transferred to member wallets based on the remaining amount through multi-signature.
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