Launching DarePlay Metaverse (2): FairDrop $1M to DP Holders — A ‘no seed, private, VC’ event
>>>Read the 1st article in Launching DarePlay Metaverse series here
As shared in our Community Call 02, we will do the $1M-worth FairDrop, which is the AirDrop based on Fair Launch model, or you might call the ‘no seed sale, no private sale, no VCs, purely for community’ model.
The airdrop token will be DPL, the governance token of the new product on DareNFT ecosystem named DarePlay Metaverse. We have announced the launch of DarePlay Metaverse in the first article of the series Launching DarePlay Metaverse.
Why Fair Launch?
We contemplated deeply the most suitable way to distribute DPL to the right users. So who would be the right ones to receive the first distribution batch of DPL anyway? Since DarePlay Metaverse is one of the products in DareNFT ecosystem, the right ones should not be any whales holding big bags of $DNFT but contributing no values to our product ecosystem.
The right ones should be the users of our current working products, which are DareLaunch, DareFarm, Genesis Sale and Market Place. Users & community members, the most loyal $DNFT holders, are the most component bringing us to this far since project launching, that’s why we have decided to give it all to the community in this FairDrop.
The best way to organize a community-focus token distribution event is Fair Launch, or the ‘no seed sale, no private sale, no VCs, purely for community’ model. With Fair Launch, as there’s no pre-mine token (no seed sale & private sale but only public distribution), everyone will has the same power to ‘control’ the token price when token is launched. In other words, there’ll be no whales buying at cheaper-than-public price and dumping on retails’ head but actually the earlier you get in, the higher the chance you can be a whale. With Fair Launch tokens, it’s better if you get in buying the tokens as early as possible and it’s best if you’re qualified for the public distribution.
Witnessing the success of many Fair Launch tokens in the DeFi summer such as $SUSHI, $YFI, $JOE, etc, we believe a FairDrop event following Fair Launch model is the best for DPL.
A proven token distribution model applied to DPL
As you all remember in the bull run year 2020, data from Messari shows that the top 20 “Fair Launch tokens” were outperforming most projects released via centralized token distribution events.
And the most successful Fair Launch token of all time is merely $BTC, the King of the Crypto world. The journey in which $BTC flew from just a few cents back in 2013 to roughy $69,000 as the recent ATH has proven how a fair-launch community token can perform massively well and become a popular narrative in the space.
Since not having huge selling pressure initially, Fair Launch tokens normally start their rallies right when the tokens are listed on secondary exchanges. Let’s look at the example of $YFI, $SUSHI, $JOE below:
$YFI Fair Launch: Listing price $906, ATH $70,796
$SUSHI Fair Launch: Listing price $0.72, ATH $23.21
$JOE Fair Launch: Listing price $0.0345, ATH $4.31
Most importantly, by giving it all to the community since Day 1, Fair Launch projects such as Yearn Finance, SushiSwap, Trader Joe, etc are the ones with the strongest, most active, and most loyal user-based. It is exactly what DarePlay Metaverse is aiming for besides ensuring acceptable DPL price performance and benefits for early DPL holders.
DPL Tokenomics
- Total Supply: 1,000,000,000 (1B) DPL
- Initial supply: 1% ~ 10,000,000 (10M)
- Initial Market Cap: $100,000
- DarePlay Metaverse fully diluted market cap: $10,000,000
It’s your opportunity, DP holders (aka $DNFT Stakers & Liquidity Farmers)
DPL FairDrop will be the first token sale/token distribution event where DP holders ($DNFT Stakers & $DNFT Liquidity Farmers) are granted the strong power to earn allocation.
DPL will be distributed in the form of IGO on DareLaunch. Based on the DareLaunch token sale model (use DP to farm allocations), you must own DP in your wallet to be qualified for the token sales. The more DP you hold, the larger allocation you can earn.
Now you have 2 ways to mint DP that are being our staker or liquidity farmer
1. Stake $DNFT on DareFarm
2. Add liquidity to the $DNFT-BNB pair on Pancakeswap to get LP token, then stake LP token on DareFarm
Read: how to mint DP on DareFarm.
A $1M FairDrop in 48 consecutive months (4 years)
FairDrop tokens (10% total supply ~ 100,000,000 DPL) will be distributed over 48 months. The listing price of DPL is $0.01. So, the total FairDrop value will be 100,000,000 * 0.01 = $1,000,000. In the future, if the market price of DPL increases from to the listing price, we can see a much higher FairDrop value.
Another important thing about FairDrop is that it will take place not only 1 time but many times within 4 years ahead. It shows how serious we are in building up DarePlay Metaverse and distribute DPL to the right users.
It also means that it’s never too late to stake $DNFT or add liquidity to $DNFT-BNB pair to mint DP and use DP to join FairDrop events in the next 48 months. However, the first DP holders who join the first FairDrop event in January will still earn more benefits over the latecomers.
The 1st FairDrop event in January
The 1st batch (1% ~ 10,000,000 DPL) will be distributed in January 2022 via our launchpad platform DareLaunch. The 1st DPL FairDrop event will also be the next IGO on DareLaunch. The token sale period will last in more than 1 week. We expect to list DPL on Pancakeswap on the 2nd week of February.
As there’re 10,000,000 DPL circulating when DPL is listed and the listing price is $0.01, the initial market cap of DPL will be only $100,000. It make DarePlay Metaverse $DPL FairDrop the IGO with the smallest initial market cap on DareLaunch ever.
>>>Stay tuned for the next article in Launching DarePlay Metaverse series: The role of DPL token and how is it different compared to DNFT or DP
