W3DNA has announced plans to launch its own DNA token in August 2023. Here is the brief overview in more detail.
Why?
W3DNA brings new vision and infrastructure for a new spin of decentralized internet. It is only logical to launch a token that will serve two groups of purposes: project utility and community perks. As NFT domains are assets, building infrastructure is a serious challenge to blend the best of Web 2.0 and Web3. Once the token is launched, it will impact the whole list of current and future activities in decentralized internet services of W3DNA.
DNA Token Utilization
We design DNA token to serve the community in 4 major ways as of today:
- Special Purchase Terms
Investing in TLDs* with DNA tokens is the real thing made much cheaper and more convenient. Discounts you can get will be up to 50%. The benefit in each specific case can be calculated as follows: the price of the DNA token on the exchange at the time of the transaction multiplied by the coefficient K. Since W3DNA is launching open circulation with vesting based on the project roadmap, token pressure and price manipulation is not an issue.
Additionally, as an infrastructural project with vast integration plans W3DNA is developing different partnerships in various areas bringing users numerous special offers and perks from our partners including DNA token payments at partners’ websites to buy W3DNA tokens.
*TLDs or, top-level domains, are those at the highest level in the hierarchical domain name system. It means that owning a TLD allows you to create domains in lower levels and sell them afterwards keeping the registry like GoDaddy for example. This promises you an amazing source of income.
2. Premium Features
Premium TLDs will only be purchased for DNA tokens. To participate in auctions for premium TLDs, a certain amount of DNA tokens must be held as a deposit. All payments on the W3DNA platform will utilize tokens according to different logic.
3. Staking
W3DNA plans to run staking to stimulate the redemption of tokens from the market and their hold. 10% of all tokens will be reserved for rewards. Some future activities and services will be available only to those who hold a certain amount of tokens in staking or on the wallets.
In addition to the payout in tokens, users will receive rewards in the form of coupons to pay for TLDs from the common list.
4. Referral Remuneration
All references made now are rewarded with 20% commission from all sales payable to the wallets twice a month. Upon the DNA token launch, everyone referring new users to W3DNA is entitled to the remuneration package in tokens. If a referral will purchase TLD paying with DNA tokens, the referrer will also receive compensation in tokens.
Deflationary Mechanisms
To keep the DNA token strong, W3DNA will take several steps.
During the first 30 months, 30% of the revenue received in cryptocurrencies other than DNA tokens W3DNA will use to buy DNA tokens off the market. The tokens redeemed from the market will go into a treasury with a 30-month lock.
Every payment in DNA tokens for TLDs and services will be sent to the treasury and frozen for 30 months as well.
Additionally, W3DNA will conduct marketing activities aimed at building a community around the token. According to our estimates, these marketing activities can bring 200% of ROMI. That is, on average, 3 times more effective than just buying a token off the market.
DNA Airdrop
The best news for W3DNA early users is that the DNA token launch will be accompanied by the airdrop. Stay tuned to learn more about how to be waitlisted and increase the probability and amount of the tokens airdropped to your wallet. Remember to connect your wallet to your W3DNA account if you have registered with your email or FB.
In the nearest future we will publish more information on the token distribution, airdrop, IDOs and listings, about how to become an official ambassador and be rewarded for marketing activities with a DNA token.
W3DNA will publish about various token aspects in depth soon. More information is coming on utilities, airdrop requirements, IDOs, listing prospects and more.
*W3DNA protocol is an NFT domain, name and your account without extensions and in any language. When registering an NFT domain, you receive a username for Web3 apps and an account to accept payments in any cryptocurrency and chain.
