We provide an in-depth analysis regarding token distribution and discuss burning unsold DPP Tokens

When we set out to build a self-sustaining, distributed economy based around our stakeholders and blockchain technology, minting DPP Tokens became an obvious necessity if we were to realize our vision. DPP Tokens will be used to invest into strategies (thereby being a means of value transfer), and as a form of payment between different stakeholders and their services, or between stakeholders and the DA Power Play platform. In addition, holding a certain number of DPP Tokens will give users exclusive benefits and access to specific platform features. In other words, DPP Tokens will provide the fuel for our self-sustaining, distributed economy.

DPP Tokens will become transferable at block 4,393,122 (set in the smartcontract), approximately within three weeks as of publishing this article. After this, tokens will be distributed as shown in the chart below. 12.38% (10,598,579 DPP Tokens) are held by investors, with the remainder spread between founders, employees, advisors, and for various future bounties.

DPP Token distribution

DPP Tokens that are distributed to founders will be vested with a 6-month cliff starting from the end of the distribution period (meaning there will be no vesting during that time), and then followed by monthly linear, pro-rata vesting period. Vesting will be complete 18 months after token distribution.

As a result of surpassing our minimum cap of 8,236 ETH, but not reaching the hard cap (20,000 ETH), all of remaining tokens that were not sold (and were eligible) in the crowdsale will be burned. A total of 14,401,421 DPP Tokens will be burned, thereby also reducing the total amount of circulating tokens. Therefore, the total number of DPP Tokens distributed between all parties (refer to the chart above) is 85,598,579 (or approximately 85.6 million DPP Tokens).

The Burning Process

In our Business Plan, you can find a detailed outline of how we intend to proceed with burning unsold tokens. During the last few weeks, we’ve received questions from the community regarding this process, so we decided to provide a quick update.

So to as stated previously, we will burn all DPP Tokens that were allocated and were not sold during the crowdsale. As soon as DPP Tokens are transferable (the exact block is set in our Crowdsale smartcontract, they will be transferable at block 4,393,122) we will proceed with token burning. We’re currently considering a few different approaches. All details regarding the mechanics of token burning will be published a few days before the process begins. Please stay tuned to our social media channels for the latest updates.