Our tokenomics are being remodeled

You got that right. We’re making changes to our tokenomics, and before you freak out, it’s not how it sounds.

After checking our circulating supply and realizing how many DANK tokens will be circulating after our vesting process ends, we realized that the best thing to do now is to offer our community a far more efficient token allocation to preserve our staking reserves the most. So here’s what we’ll be doing now:

  1. Team tokens will be decreased from 10 million DANK to only 5 million DANK.
  2. Staking reserves will be increased from 10 million DANK to 20 million DANK.
  3. Development funds will be decreased from 5 million DANK to 1 million DANK.
  4. Marketing funds will be decreased from 5 million DANK to 1 million DANK.
  5. 700,000 DANK tokens from Phantasma’s token sale will be burned.
  6. Approximately 2 million additional DANK tokens will be burned.
  7. We’re allocating the remaining 5 million DANK to a special reserve in the case we need them for more staking, etc.

We’re also coordinating with Ferrum Network to ensure that our staking platform goes live this month, and it definitely seems like this will be the case. We’ll follow up on this article with an official release of our staking platform APY rates, available pools, and durations.

See you soon, awesome memers. ❤

--

--

--

Social media reinvented with the power of dankness!

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

High Stakes Exchange Yielding

Every Friday is Payday Now, Thanks to Drip!

Blockchain Week in Review: Week of October 25, 2019

Meet Dan Jones and James Bull, AMON’s new set of Advisors!

LOOKING FOR A GAMIFIED PLATFORM WHERE YOU CAN EARN MASSIVELY? SEASCAPE NETWORK IS THE ANSWER

CRODO Tokenomics

Harmonic quanta: DEX order matching that generates no change

Could MyOS be the next big crypto exchange?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
memeunity

memeunity

Social media reinvented with the power of dankness!

More from Medium

For investors that are staking FNM on Fenomy System.

Crodo.Public Sale

First MEME token from Bitball Ecosystem — MEMELON.

A new sneak peek is already in our Discord!