DLP TOKEN FEATURES AND HOW IT WORKS

DLP
3 min readSep 16, 2020

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Feature

STAKING AND GOVERNANCE RIGHTS
DLP will actively encourage its user base to participate as both players and community members. Users will be able to use their DLP tokens to participate in the governance of the DLP platform. By incentivizing a knowledgeable and engaged community, DLP can improve retention rates and ensure the platform grows in response to player feedback. Read the ecosystem section for more details, and follow DLP’s channels to stay up to date.

ALLEVIATING RESOURCE BURN
While the DLP platform will have minimal costs by leveraging Lottoreum infrastructure, high volume players and DApps that serve a large user bases will still benefit from holding and staking DLP. Holding DLP will decrease the amount of resources spent on every transaction.

DISTRIBUTION OF STAKING REWARDS
DLP will be used to redistribute rewards to those who make the DLP platform possible. The exact staking and distribution mechanisms will be communicated in more detail as the project gets closer to launch. The reward will be distributed in the form of DLP token, which is a percentage of the revenue from the platform’s operations. The reward distribution will happen automatically, with no artificial hoops for users to jump through.

HOW IT WORKS

FOR DEVELOPERS
The DLP platform provides a set of tools so that developers can focus on creating premium DApps while the platform takes care of the rest. For the platform’s services, the developer will pay a small percentage n of the their DApp’s operating income. Developers are encouraged to devise new ways to engage community members and provide incentives through clever economy design.

FOR THE COMMUNITY
The community of DApp players will benefit as a whole as they join the platform on its odyssey towards becoming the world’s leading blockchain gaming platform. The more a user plays, the more tokens they will be able to mine. Users will be able to show their loyalty to specific DApps on the platform and mine tokens bound to individual DApps.

FOR DLP HODLers
DLP token holders are the core of the DLP gaming platform. Every DApp hosted on the gaming platform will share a portion of the winnings with DLP token holders through the “LottDrop.” T he LottDrop will take place everyday and incentivize ecosystem participants with DLP. The amount of DLP distributed to each user will be proportional to the amount of DLP they hold. Participants receive DLP for staking their DLP tokens. This mechanism will aggregate more activity on the platform and continue to increase the value of DLP.

More information about DLP

Website
Twitter
Tele Group
Tele Channel
Whitepaper

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