DeNations
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DeNations

The 1st DENA Halving

Hello, DeNations’ players!
It’s been a year since DeNations launched DENA. As part of DENA’s issuance, players were rewarded a certain amount of DENA. DeNations’ 1st year was very successful. Here are some key numbers:

Key Numbers
- 1,000,000 DENA minted for the first 4 years.
- 400,000 DENA distribution in the 1st year.
- 300,000 DENA distribution for the upcoming 2nd year.
- Nation owners: 748
- Tax distributed: $386,998
- NFT Trade Volume: $2,265,062

300,000 DENA will be distributed for year 2
When DENA first started, 400,000 DENA were given as a reward to DeNations’ players in the 1st year. As we announced in the beginning, DeNations will assign 300,000 DENA for the upcoming year until December 16th of 2022.

Why was this done?
Scarcity elevates value. The issuance of DENA will decrease thus become scarcer over time. As DENA becomes more scarce and if demand for them increases over time, DENA can be used as a hedge against inflation as the price, guided by price equilibrium is bound to increase. On the other hand, flat currencies like the US dollar, inflate over time as its monetary supply increase, leading to a decrease in purchasing power. This is known as monetary debasement by inflation.

The Impact of DENA Halving
- DENA distribution for liquidity farming, art farming, and tax farming will gradually adjust over time.
- Adjustment of DENA’s value

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