DENA is used as 1) Platform Governance , 2) Platform Utility , 3) Platform Reward.
Buy & Mint NFT
DENA can be used to purchase newly issued NFT and mint land NFT of DeNations.
NFT Registration Fees
Fees for registering NFT for 1) Farming DENA or 2) Enter Decentralized Nations for playing a game.
NFT Upgrade Fee
Fee for upgrading NFT.
The DENA owner has the right to vote on which of the new NFT assets to issue among the proposed candidates by Smatoos. Moreover, Smatoos will continue to delegate NFT minting governance to the community, which will be announced in the future.
The DENA owner has the right to vote on the annual DENA inflation rate which starts after 4 years of initial DENA launch.
Community Reward Program
The DENA owner has the right to vote to suggest a new community reward program.
DENA owners can submit new proposals to improve the Decentralized Nations.
You can stake a nation ownership NFT token to earn DENA as a reward. The amount of DENA earned is determined by total DGDP of staked NFT.
User can register art farming with Art NFT of DeNations. The user will receive DENA rewards every 2 weeks. DENA rewards can be different depending on art index of Art NFT.
Stock Voucher NFT
Stock Voucher NFT is reward of owning land near Meta Land. Stock Voucher NFT holder can claim shares of stock in DENA.
DENA can be airdropped among city lands in DeNations.
1 million DENA have been minted at genesis and will become accessible over the course of 4 years. The initial four-year release schedule is as follows:
The correct pronunciation of DENA is [dɛnɑː]
Total Supply of DENA token = 1 Million (for 4 years)
After 4 yrs, DENA holders will vote to decide the inflation rate from 1% to 5%.
DENA logo design is inspired by Rome helmets
The idea was from one of the engineers in the development team :)
DENA’s initial value was set to 1 USD
Origin of the token name DENA
The first four letters of DeNations
The first four letters of Denarius, a silver coin of 100% purity in ancient Rome.