Tokenomics
30% Public Launch
25% LP + Staking Rewards
20% Sanko Labs
10% Development Fund
7% Airdrop NFT Holders
5% MBD
3% Launchpad
PUBLIC LAUNCH
The initial launch will be for 30% of token supply at a $10m fully-diluted valuation. The launch will have a $3m hard cap.
LAUNCH DYNAMICS
The launch will proceed in 2 stages: (1) The initial Whitelist sale and (2) the fully Public sale. The Whitelist sale period will be open exclusively to qualified wallets for 24 hours. Wallets will qualify by
Holding Streets of Milady or Sakura Park
Holding Milady Maker NFTs
xGRAIL stakers & holders
Holding Remilio, Pixelady and Schizoposter NFTs
The whitelist will have a 20% discount to public sale. There will be a $300k floor for price, after which price discovery begins. After the whitelist sale period ends, the public launch begins. The public launch will have a $3m hard cap. When the public launch period ends or the cap is reached, launch participants will be able to claim their allocations. The airdrop claim will begin and trading and allow staking of $DMT to participate in ecosystem activities/features.
CIRCULATING SUPPLY AT GENESIS
Total supply: 1,000,000 $DMT
30% of the supply is sold through the public launch
7% of the token supply is airdropped to NFT holders
370,000 circulating $DMT at genesis event
Additional supply will be emitted later via rewards program for active participants, as well as vesting of locked tokens
FUNDS DISTRIBUTION
50% of launch proceeds will go directly to deepening liquidity for $DMT so that users may more easily acquire the token, 10% to LP rewards fund (to reward active liquidity providers), and 10% to the liquidity fund. The other 30% will be held by Sanko Labs for further product and business development.
GAMEPLAY REWARDS
Gameplay rewards are paid to players in $DMT at the end of every rewards epoch. They are distributed to players for high scores and total gameplay. Rewards epochs for gameplay are every 10 days, and results for gameplay are filtered for organic activity, to discourage botting.
LIQUIDITY MINING
To ensure that users receive access to $DMT so that they may utilise these for platform services, other users would need to be incentivised to become liquidity providers and stake their digital asset pairs (e.g. USDT/$DMT) into the decentralised market making pools to provide the necessary liquidity for transactions. As compensation for opportunity costs, these liquidity providers which help to promote adoption of the Dream Machine platform by staking or including assets to liquidity pools in exchange for LP tokens would be rewarded with $DMT (i.e. "liquidity mining" on the Dream Machine platform), according to each user's relative contribution after various adjustment and correction parameters.
VESTING SCHEDULE
Of the tokens reserved for Sanko Labs and the development fund 5% will be released every vesting epoch, which happens every 10 days. This will begin 1 month from the sale date. The tokens for Sanko Project Contributors will then finish vesting 200 days after 1 month from genesis.
NFT STAKING
Staking Sanko NFTs to earn $xDMT will be introduced later in the protocol roadmap.
STAKING $DMT
Staking powers the Dream Machine platform. $DMT functions as a digital loyalty membership which embeds a licence granting active participants exclusive access to selected products or services, so users will be classified into different tiers based on the amount of $DMT staked, user activity, and/or volume of transactions. The premium membership tiers would allow users to get greater access to the ecosystem features and more preferential terms, for example certain premium functionalities, exclusive products/services, priority for events, or greater or more unique transaction rewards. Through staking $DMT and accessing exclusive content, users would be able to earn unique rewards (including $DMT rewards) for being a valued member of the Dream Machine gaming platform.
The rewards for active users are paid continuously from the percentage of token supply that is assigned to user participation rewards (from genesis). Rewards may be claimed at any time. Staked tokens are subject to a 14 day unbonding period. If you decide to unstake $DMT, you will have to wait 14 days before it returns to your wallet.
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