UAE: Decentrawood project appears to be an ambitious initiative to create a metaverse platform that utilizes blockchain, virtual reality, and artificial intelligence technologies to simulate the evolution of human civilization.
Key Features of the Decentrawood Project
- Interoperability: The project aims to allow users to share their creations with other platforms, fostering a more decentralized and democratic metaverse where users have more control over their content and can participate in a global community.
- User-generated content ownership and monetization: Decentrawood intends to enable users to create, own, and monetize their own content, including buildings, objects, animations, and games, providing opportunities for users to generate value from their creations.
- Native token DEOD: The project has its native token called DEOD, which is used for transactions on the platform. The token has a limited supply, and new tokens may become available for minting over a specified period. Additionally, 50% of DEOD earned by the platform is burned, potentially affecting the token’s value and creating incentives for users.
DEOD Tokenomics
DEOD tokenomics is unique. It is allotted at the genesis of Polygon Blockchain and get available for minting daily as per following logic. First year 40 percent, Second year 30 percent, Third year 30 percent.
Maximum amount of 2 billion DEOD tokens can be minted at the genesis of the Polygon blockchain. Out of this, 100 million tokens were minted to start with, 80 million tokens were minted for liquidity management, and 20 million tokens were minted for airdrop and bounty purposes.
After conducting due diligence, it was decided that 5 million tokens would suffice for each purpose, So90 million tokens was burned. This means that 90 million tokens were removed from the total supply.
Token Allocation is as follows:
- Public Sale – 55%: That is 1.1 billion tokens (55% of 2 billion).
- Seed Fund – 10%: That is 200 million tokens (10% of 2 billion).
- Development Team – 10%: That is 200 million tokens (10% of 2 billion).
- Marketing Team – 10%: That is 200 million tokens (10% of 2 billion).
- Strategic Alliance – 10%: That is 200 million tokens (10% of 2 billion).
- Liquidity – 4%: That is 80 million tokens pre minted (4% of 2 billion out of which 75 million burned).
- Airdrop/Bounty – 1%: That is 20 million tokens pre minted (1% of 2 billion, out of which 15 million burned).
According to the given information, 90 million tokens were burned out of 100 million pre minted token. The remaining tokens will be available for minting to the allotted user in the due course of the 3 years after allocation. Please note that the total allocation adds up to 100% of the 2 billion maximum supply of DEOD tokens out of which 90 million burned.
Overall, the Decentrawood project represents an ambitious endeavor to create a metaverse platform that combines blockchain, virtual reality, and artificial intelligence technologies to offer unique experiences and opportunities for users to create, own, and monetize their content in a decentralized manner. Please note that it’s important to conduct your own research and due diligence when evaluating any specific project or investment opportunity.
Learn more about Decentrawood from the following links:
- Website: https://decentrawood.com/
- Twitter: https://twitter.com/decentrawood
- Facebook: https://www.facebook.com/decentrawood
- Telegram: https://t.me/decentrawood_platform
- Instagram: https://www.instagram.com/decentrawood/
- CoinMarketCap – https://coinmarketcap.com/currencies/decentrawood/
- CoinGecko – https://www.coingecko.com/en/coins/decentrawood
Media Contact
Company Name: Decentrawood
Contact Person: Austin Clarke
Email: info@decentrawood.com
Country: United Arab Emirates
Website: https://decentrawood.com/
