Tokenomics

As the original token of DNFT Protocol network, mainnet DNF token will be issued when the mainnet network is launched. The total supply of the DNF token is 100 million. Before the mainnet DNF has been issued, the DNFT team will issue an ERC20 token which is convenient for the IDO and listing event. DNF bridge will allow ERC20 DNF holders to convert the ERC20 tokens to the mainnet DNF, which will be 1:1 freely convertible since mainnet DNF token has been issued. The DNF bridge will also allow users to transfer their ERC20 DNF to BEP20 DNF or HRC20 DNF if needs.

1) 20% will be reserved for the DNFT Protocol team. 10% of the team reserved will be released every quarter since themainnet of DNFT Protocol has been launched.

2) 5% will be reserved for early community and ecosystem construction (including community airdrops and other early marketing events). 5% will be released when TGE, then released 10% each quarter.

3) 10% will be reserved for the ecosystem grant plan. The NFT and game ecological construction incentive grant plan will be launched to encourage the projects who join the DNFT Protocol ecology. It will be locked for 3 months, then released 10% each quarter.

4) 35% will be reserved for DNFT main network development and construction (including slot auction, network maintenance etc.) It will be locked for 3 months, then released 5% each quarter.

5) 20% will be allocated to Project Development Reserved (including Exchange Listing, Liquidity Pool, etc). 5% will bereleased when TGE, then released 5% each quarter.

6) 2.5% will be allocated to Seed Sale. It will be locked for 1 months, then released 12% each quarter.

7) 6.5% will be allocated to Private Sale. 20% will be released when TGE, then released 8% each month.

8) 1% will be allocated to IDO. 50% will be released when TGE, then release 50% 1 month later than TGE.

Holding DNF will benefit from the following:

1) As an orgin token of parachain, DNF is the token for gas fee consumption.

2) As DNFT DAO Governance token, participating in the construction of DNFT ecosystem.

3) Get airdrops of DNF tokens and NFT.

4) Get discounts when paying in DNFT ecosystem, eg, purchasing NFT, NFT management tax payment, cross-chain transfer tax fee.

5) Due to gas fee consumption and further burning mechanism, DNF is deflation token.