DP 02: Tokenomics adjustment (Erc20/Bep20 ratio and token utility)
Summary
Following the successful passing of Proposal DP01, which initiated the conversion of DAR to D tokens at a 1:1 ratio, keeping the total supply to 800,000,000 tokens, this proposal aims to further refine the tokenomics of the DAR Open Network. We propose adjusting the issuance ratio between the ERC20 and BEP20 networks and introducing new utilities for the D token to enhance its functionality within our expanding gaming ecosystem.
Motivation
Optimized Network Utilization Adjusting the token issuance ratio between ERC20 and BEP20 networks will optimize our token distribution, ensuring a more balanced and efficient use of network resources.
Support for Ecosystem Growth These changes are crucial for supporting the future growth of DAR Open Network, ensuring that the tokenomics are aligned with our long-term vision.
Future Proofing and Technological Alignment A more balanced distribution provides us the flexibility to adapt to future changes in blockchain popularity or technology.
Specification
Token Issuance Adjustment Modify the percentage of D tokens issued on the ERC20 and BEP20 network. The D token amount in ERC20 will be 400,000,000 and in BEP20 will be 400,000,000, resulting in an even ratio of 50:50.
Introduction of New Utilities The D token will introduce additional utilities, such as staking rewards, governance participation, and exclusive access to certain features within the DAR Open Network. These utilities will be designed to enhance user engagement and support the overall ecosystem.
Token Contract Functionality The D token contract will be expanded to include the ability to burn tokens when and if needed. The new burn mechanism can be used to reduce the supply of D tokens or to mint an equal amount of tokens on a new network in case those are needed to align the token distribution with the project needs. Any future changes in network allocations will require community approval based on dedicated voting proposals.
Budget: N/A
Off-Chain Vote
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- Author
0x92C3…0d53
- IPFS#bafkreia
- Voting Systembasic
- Start DateSep 16, 2024
- End DateSep 21, 2024
- Total Votes Cast3.74M DAR
- Total Voters41
Timeline
- Sep 14, 2024Proposal created
- Sep 16, 2024Proposal vote started
- Sep 21, 2024Proposal vote ended
- Sep 21, 2024Proposal updated