Tokenomics
DSS Token
Governance
The Daosis Token ($DSS) serves as the native governance token of the Daosis platform, providing various functionalities within the ecosystem.
It is used for governance purposes, allowing holders to participate in decision-making processes such as making proposals or voting on proposals for revenue allocation and project incubation.
Unlocking access to the Launchpad
Additionally, $DSS tokens are utilized to unlock the tiers on the launchpad, accessing premium features, be eligible for rewards and incentives, and facilitating transactions within the Daosis ecosystem.
Overall, $DSS tokens play a crucial role in enabling community engagement and fostering growth within the platform.
Reinvestment Mechanism
A portion of the platform's revenue, specifically 9%, is allocated to purchasing $DSS Tokens directly from the open market. The purchased tokens are burned or used to add incentives for active users. By continuously reinvesting a portion of the revenue into $DSS Tokens, the mechanism aims to bolster demand for the token, increase trading volume which will again fuel ecosystem growth by paying the 1.95% Tax.
Name: Daosis Token
Ticker: DSS
Chain: Oasis Sapphire
Max supply: 100,000,000 DSS
Detailed tokenomics: https://docs.google.com/spreadsheets/d/1uo7kNyV6CHkDNFaSof4o7kKS-sk8yosl/edit?gid=1865033537#gid=1865033537
Last updated