Token Utility

$DPAD token (DPAD) is an ERC20 standard utility based token. The DPAD token will drive the governance on the DPAD protocol. Investors can stake DPAD tokens in various tiers and thus achieve rights to participate in the token governance, voting rights, or earn privileges to invest in top projects on the platform.

Staking

The DPAD token holders are rewarded with game theory incentives to behave in honest ways and for supporting the ecosystem. Staking Tiers create multiple profiles for investors with different privileges like guaranteed allocation, extra allocation, headstart time, etc. Also $DPAD holders can earn passive rewards from their holdings, by simply staking their $DPAD in our Staking program.

Governance

The Dpad project is a truly decentralized protocol therefore, all DPAD token holders have total control over the protocol. They have the rights to vote for projects, decision making for protocol upgrades and fixes. The community will decide which chains Dpad will expand to and in what order. The priorities of the community shall be the priorities of the Dpad protocol.

Fees

$DPAD tokens will be used for paying the following types of fees:

Project Listing Fee- To create an IDO pool on DPAD launchpad, the project team needs to pay some fees to DPAD platform. On other launchpads, this fee is generally paid in the native token of the network on which the project is built on like BNB/ETH/SOL/MATIC. But on DPAD, this fee will be paid in $DPAD tokens only.

Fundraise Fee- When a project will raise funds in IDO on DPAD launchpad, a small percentage of funds raised is charged by the launchpad platform for the infrastructure costs. This fee will also be accepted in $DPAD tokens.

Support Fee- Most project require pre IDO services that help them to launch their IDO successfully. DPAD ecosystem will provide lots of services that are useful in pre and post IDO activities. These services include KYC, Audit, AMA, social media promotion, digital marketing services, smart contract development, consulting, etc. Partners in the Dpad ecosystem will accept a portion of payment for services in DPAD token as well.

Deflationary

With time the supply of DPAD tokens will decrease by burning mechanism. This will boost the incentives for $DPAD token holders. Out of 100 M total supply of $DPAD, 10% of the supply has already been burned, so only 90 M tokens are now available. Gradually, more tokens will get burned through different economics mechanism.