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Tokenomics

Token Utility and Use-cases

The DigiWear Network token $DGW is used as an incentivisation vehicle to grow and provide fluidity to the decentralized network.
    Staking/LP: $DGW tokens staked in pools receive a portion of the transaction fees taken by the marketplace. Those who provide liquidity through DEX's also are rewarded for facilitating token adoption.
    Exclusive Sales: Participating in exclusive product drops will require a certain $DGW threshold.
    Escrow Deposits: $DGW tokens will be used to deposits for both parties based on the calculation of item cost.
    Governance: $DGW token holders are able to vote on network upgrades, marketplace products and digital avenues.

Token Metrics

There are a total of 500 million $DGW tokens, with the distribution plan as follows:
Allocation
%
Vesting
Seed
6
10% unlocked on TGE, then monthly vesting over 9 months
Private A
6
10% unlocked on TGE, then monthly vesting over 9 months
Private B
3
10% unlocked on TGE, then monthly vesting over 6 months
Public
2
100% unlocked on TGE
Advisors
6
0% unlocked for 1 month, then monthly vesting over 9 months
Marketing
10
10% unlocked on TGE, then monthly vesting over 12 months
Ecosystem & Development
25
10% unlocked on TGE, then monthly vesting over 36 months
Rewards
20
2-year vesting period starting from Mainnet launch
Liquidity & Market Making
2
100% unlocked on TGE

Rewards

Users will be incentivised to stake $DGW tokens with a dedicated reward pool and emission schedule that increases based on the amount staked. Monthly, users will receive extra tokens by locking their holdings for specific periods. After the 2-year vesting period the protocol will switch to a transaction fee system, where part of fees on the marketplace will be awarded to stakers.
A portion of the rewards is set aside for liquidity providers on DEX's. Monthly tokens are vested based on the amount of liquidity a participator provided in the period.
Last modified 5mo ago