Announcing the DU$TDAO Token
The DU$T team is proud to present their new governance token called DU$TDAO. This token will allow the community to form a DAO, make proposals, and participate in governance for the DU$T ecosystem.
DU$TDAO by the Numbers:
1 Million DU$TDAO tokens will be minted over the course of 10+ years.
19% of the yearly token allocation will be put in a pool to be mined by DU$T stakers.
10% of the yearly token allocation will be put in a pool to be mined by Nifty Wizards NFT stakers.
10% of the yearly token allocation will be put in a pool to be mined by DU$T Enhancer NFT stakers.
10% of the yearly token allocation will be reserved for liquidity purposes.
51% of the yearly token allocation will be divided equally between the CEO and COO of the DU$T team. The thought process behind this decision is that the founders maintain control of the overall DU$T project and brand, steering it in the right direction while still allowing users to have their voices heard by making and/or voting on proposals.
10% of profits from the sale of DU$T Enhancer NFT’s on the WAX blockchain will be used to purchase DU$TDAO from the open market. That DU$TDAO will then used to reward stakers in various pools (more information coming soon).
DU$TDAO Mining Release Schedule
- 200,000 tokens will be mined the first year
- 110,000 tokens year 2
- 100,000 tokens year 3
- 95,000 year 4
- 90,000 year 5
- 75,000 year 6
- 70,000 year 7
- 55,000 year 8
- 45,000 year 9
- 35,000 year 10
The last 25,000 tokens will be distributed at 10% per year.
We will use https://waxdao.io/ to implement the DAO governance and staking pools.
Disclaimer: The DU$T Team shall not be liable for any technical errors, phishing, scamming, or other means of fraud related to a users tokens and/or NFT’s that are staked on platforms not created or controlled by the Team.
For more information about the DU$TDAO, click here to read our whitepaper.
