DENA Token
Usage#
DENA is used as 1) Platform Governance , 2) Platform Utility , 3) Platform Reward.
Utility#
Buy NFT
DENA can be used to purchase newly issued NFTs.
NFT Registration Fees
Fees for registering NFT for 1) Mining DENA or 2) Enter Decentralized Nations for playing a game.
NFT Upgrade Fee
Fees to upgrade NFT.
NFT Minting
Governance#
NFT Minting
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.
Inflation
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.
Proposals
DENA owners can submit new proposals to improve the Decentralized Nations.
Reward#
Liquidity Farming
Tax Farming
You can stake a Digital Fame Asset NFT token to earn DENA as a reward. The amount of DENA mined is determined by
Individual's DGDP of staked NFT/Total DGDP of staked NFT
DENA reward pool size of corresponding NFT mining pool
How to Earn#
Uniswap#
Uniswap Interface
Dcoin Exchange#
DCoin DENA-USDT
4-year Release Schedule#
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:
Fun Fact#
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.