ABOUT DIGI TOKEN
DIGI token is a deflationary cryptocurrency created to incentive the emergence of a decentralized metaverse platform powered by Blockchain, NFTs and Cryptocurrencies.
DIGI token empowers its holders to actively participate in determining the future of the DigiVerse platform through decentralized governance.
It is also the primary basis for transactions and interactions within the DigiVerse Ecosystem.
DIGI is designed as a multi-chain cryptocurrency that complies with ERC-20 blockchain token standard and has a finite supply of 100,000,000,000 DIGI; with its initial release on the Binance Smart Chain Network.
The choice of Binance Smart Chain as the base blockchain to host the first release of the DIGI cryptocurrency is because of the cheap transaction fees on the network as well as the robust support security architecture available within the Binance Ecosytem which makes it suitable for a project like the DigiVerse. In the coming months, DIGI token will also be deployed across multiple blockchain networks in other to enhance interoperability and encourage adoption across multiple blockchain communities.
LAND in the DigiVerse is a digital piece of real estate in The DigiVerse delineated into plots; in which users can acquire to build experiences on top of. Once a user owns a piece of LAND, the user will be able to build anything on it. Multiple plots LANDs can be combined to form an ESTATE.
A total of 166,464 plots of LANDs will ever be available, contained in a map that will form the DigiVerse platform.
Users can monetize their time on the DigiVerse, earning DIGI cryptocurrency as revenue, by:
- Selling ASSETS: Users can create and sell ASSETS in the form of NFTs on the Digi marketplace.
- Owning a LAND: Buy a LAND in one of the LAND sales by burning DIGI tokens. Users can then rent them or populate them with content to increase the LAND’s value.
- Building Games or any other App on the LAND: Build and monetize games or any other app on the LAND using our DRAG-and-DROP app builder.
The DIGI token has the following use cases:
- Medium of exchange: Users can potentially earn DIGI token through Participate-to-Earn, Hold-to-Earn or other incentive mechanisms and subsequently spend their DIGI tokens to play premium games, purchase NFTs or other assets, or customize Avatar characters. Creators can spend DIGI to acquire LAND. Artists can spend DIGI to upload NFTs to the Marketplace
- Incentives: Airdrop, bounty program and DigiVerse’s in-world rewards for Live-to-Earn, Socialize-to-Earn or Build-to-Earn, rewarding content creators and active inhabitants of the DigiVerse.
- Governance: DIGI token allows holders to actively participate in governance decisions. Holders can vote by themselves or delegate voting rights to other users of their choice.
- Staking: Users can stake DIGI tokens to earn rewards or simply hold it in their wallet to earn from the static reflection that come from the embedded smart tax which is automatically distribution according to the amount of DIGI available in individual wallets.
NAME: DIGI Token
MAX SUPPLY: 100B (100,000,000,000) DIGI
NETWORK: Multichain starting with BNB network
SMART TAX: 5%
SMART TAX DISTRIBUTION:
- Holder’s Reward : 3%
- Auto Burn : 1%
- Charity : 1%
INITIAL DIGI DISTRIBUTION:
- Treasury : 40%
- Liquidity : 18%
- Pre-sale : 15%
- Development : 13%
- Core team : 9%
- Initial burn even : 5%
The Digi team currently focuses its community development strategy on the English audience, and will add support for other languages as the project grows.
Current community growth strategies of The DigiVerse include:
- Partnering with content companies to onboard well-known IPs.
- Conducting DIGI airdrop to grow our community
- Conducting AMAs to educate the community.
- Constantly engaging with the public on social media channels.
Future community growth strategies of The DigiVerse include:
- Conducting LAND token sales to promote the generation of user-created content.
- Conducting staking programs to incentivize community participation.
- Launching participate-to-earn mechanism to attract new users.
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About The DigiVerse
The DigiVerse is a decentralized metaverse platform that empowers anyone to build, network and socialize on the metaverse and even build a thriving virtual economy
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