DEEP 42 DAO

DEEP's Decentralized Autonomous Organization

The DEEP DAO is a smart set of intelligent computer programs stored securely on the Ethereum Blockchain. These programs define the genesis allocation and distribution of the D42 Token, the continued distribution of D42 Token, dispensation of staking rewards, governance of the game metaverses, monitoring of user behaviours and allocating funds of DEEP's community treasury.

Genesis allocation and distribution of governance Token :

Simply put genesis allocation and distribution of governance Token defines the network’s starting conditions. Who owns how many tokens at network launch?

Genesis distribution decisions are often the most complex, because they constrain decisions for ongoing distribution and must be made at an earlier point in time.

Such distributions often take the form of token sales, pre-mines, airdrops, and allocations to founders, developers, foundations, or early investors. These allocations are generally determined by actions taken prior to network launch (investment or development work), and are not typically tied to work after the network has launched. Detailed information about Distribution and Allocation of D42 Token can be seen here.

A principal objective in genesis distribution is bootstrapping the network at inception, including a base of users, network operators (if applicable), developers or third-parties, and market participants.

Continued distribution of governance Token:

Continued distribution is transparent, rule-based or principled, and continues during the network’s functioning, often to subsidize elements of network operation.

Choices in token distribution strategy are early signals of how different kinds of contribution will be valued and how contributors are to be treated.

Given its impacts on sustaining key contributor support, fairness is a quality worth consideration. Rightly or wrongly, it will be a quality by which a project is judged.

Choices in the DAO's design, particularly those concerning governance and contribution functions, can pose special challenges in trying to achieve fair distributions.

To see detailed information about the continuos distribution and allocation of the D42 Token click here.

Dispensation of staking rewards:

Crypto holders can generate extra income with by staking D42, holders of this cryptocurrency are able to generate returns on D42. Every crypto holder who deposits coins in a staking pool receives the right to vote on proposals on the governance page on the Deep-42 Platform through the DEEP 42 DAO. Staking rewards are subject to fluctuation depending on the number of staking participants that are staking and transaction volume.

Deatailed information about D42 staking rewards here.

Governance of game worlds:

Players / Users of Deep-42 are able to create and vote on proposals for key governance decisions related to operations, financial incentives and influence on the development and balance of the game worlds created by DEEP.

Monitoring user behavoiur:

The DEEP DAO monitors user behaviour & supplies rewards to the ecosystem. A smart contract is used to reward our community for the engangement on the DEEP Platform.

Community Treasury:

100% of all DEEP 42 revenue through NFT sales is collected in a community treasury in the form of Ether on the Ethereum Blockchain. These funds are managed by the D42 holders through the DEEP 42 DAO, which can be accessed on the governance page on the DEEP 42 platform. This approach makes it possible to give the Token more utility and increase + stabilize the value of the cryptocurrency.