After a successful ICO, our DAN token is ready to be listed on the first exchange. An official announcement will follow in a future article about the exchange, so stay tuned!

This important step will mean that the token price will now depend on the market and the first order will fix the price at the very beginning. As many tokens are affected by a dump after being listed, we would like to make things crystal clear. Daneel won’t have any control on the token price after being listed. Our mission is to follow our roadmap and do our best to make the Daneel’s A.I. the most advanced on the market. We know that our wonderful community is behind us and we have full of confidence in the future of the project!

That being said, let’s talk about the DAN potential for the future :).

What is the DAN token?

Note that the total supply is now 69M due to unsold tokens being burned. For more details, please read this article.

Here is the token allocation:

With this token allocation, contributors keep a majority stake of 56% (blue shares), while Daneel keeps 44%. As the product is expected to be released by Q4 this year, the team will keep 32.5% of its 20 million tokens in a Multisignature wallet until the product is fully released. In addition to that, the distribution of tokens allocated to bounty programs will be delayed after the listing on the first exchange. This will partially maintain price volatility.

What is it used for?

DAN tokens will be at the heart of the functioning of our intelligent assistant service. Indeed, they will allow the user to:

• Subscribe to our service, enabling the use of all of the Daneel features.

• Interact with the platform and its users.

Several subscription options may become available, including monthly, quarterly and annual subscriptions.

We wish to offer a subscription with a fixed price that won’t fluctuate with the DAN token price. In other terms, the price of the subscription will always be the same, regardless of the rate of DANs on the exchange platforms.

What about the price in the future?

The utility value of a token should be considered in terms of the size of economy it supports. The token’s dollar value will depend on the demand for our service, the total token supply, and the velocity at which the token circulate.

The total supply will decrease with time, as a principle of “erosion” is ruling the economy: every time a user will pay for a subscription, 6% of the DAN spent will be burned. Ex: John subscribes for a monthly subscription and pays 100 DAN. Daneel puts back 94 DAN on the market, 6 DAN are burned. And as we will develop the demand for our services, the supply will move in the opposite way, leading to a potential price increase.

On top of that, the fixed subscription price (in FIAT) should stabilize the price in some ways. If the price is low, more DANs will be needed to purchase our service and consequently, more DANs will be burned in the erosion mechanism.

How will the demand evolve?

The Daneel’s team will work hard to improve the DAN’s appeal on the market. To do so, we will carry out different strategies:

We will constantly improve our A.I. and its features to increase the demand for our service, and as an extension, for the DAN.

We are considering all users (from beginners to professionals) by providing them with real value and unique experiences that match their level.

Our goal is to make Daneel mainstream and accessible to users unfamiliar with the crypto space.

The business development will be a full-fledged department, dedicated to market growth.

Commercial partnerships will allow us to create new marketplaces and minimize our risks.

Overtime, Daneel will expand its business scope to other markets where data intelligence is an asset.

We should be aware that as the cryptocurrency market continues to grow, we can expect many new competitors entering the space. However, as Daneel is a registered member of IBM Partnerworld, our A.I. still has a real competitive advantage.

If you have any questions, please contact us by email: information@daneel.io or in our dedicated Telegram Customer Support group: https://t.me/daneelcustomersupport