Tokenomics
The native token of the Droid|DAO, $DROID, is a decentralized utility-based token that unlocks access to opportunities that are not typically available to all market participants.
$DROID
$DROID token is the Project's utility token and is the vehicle via which members will access DROID's utility. As the DROID|DAO expands and in-house teams grow in capacity and reputation, we expect many service-based utilities will be offered that can be consumed via $DROID.
@benthebape (Droid Capital OG, GoldPantherDAO, author of $BUILD's tokenomics and approximately 20 other tokenomics papers) led $DROID's tokenomics design. @benthebape is independent of the Droid Capital founding team.
Our token flow deliberately favours NFT holders. The founding team has not been provided with a token allocation and will only receive token distributions via their NFT allocations.
Staking
28.5% of supply, Daily Distribution
Droid|DAO NFT holders are differentiated from $DROID holders by their access to the DAO. NFT stakers are rewarded with passive emissions of $DROID, which is intended to be a measured quantity of free utility provided to NFT owners. The longer a NFT is owned and staked, the more tokens that are emitted to a holder.
Given that there is no team token allocation, staking is the only vehicle through which tokens can be acquired passively. This allocation has been calculated to account for all NFT emissions from the launch of the genesis collection. At the end of every quarter, any extra tokens not redeemed (per our draft emission schedule) will be rolled directly into the DAO reserves before the next quarter emission allocation unlocks.
If this allocation proves to be insufficient for any given quarter, additional tokens can be accessed via DAO Council discretion from the reserve allocation. The founding team will have no control over the $DROID token emission schedule.
Utilities offered to token holders are gated within the $DROID ecosystem, not behind NFT ownership. Ownership of one or more Droid Capital NFTs provides access to increased rates of $DROID emissions and therefore greater access to DAO activities. The ownership and staking of Droid NFTs will give holders access to $DROID and our governance protocol.*
*The governance protocol built on $DROID / $veDROID* will be leveraged to elect leaders within the DAO and vote directly on important proposals. NOTE: Governance is currently managed via NFT ownership. We plan for it to be replaced by $veDROID once this tech is available to the DAO. [Subject to DAO acceptance. Not expected before late 2022].
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