The Digital Assets Power Play (DPP) Crowdsale tokens

a distributed economy made right Part 2/2

What do the DPP tokens represent?

The DPP tokens are a simple smart contract between seller and purchaser, and they represent utilisation token for participation on the DPP platform, having a utility function.

As such our tokens do not represent quasi debt, bond or equity (shares) of the company, nor will there be any profit sharing with the token holders. The DPP tokens will be used as a means of payment between platform stakeholders and between stakeholders and platform services.

As stated within our guidelines, we will publish our balance sheet once a month, alongside other financial indicators.

What value does the DPP token represent, and how will it be utilised?

Demand for the DPP tokens will be driven by the platform fees, the FX conversions, the liquidity provision. The DPP token demand will also come from platform stakeholders requiring tokens in order to pay each other for the provided services enabling a self-sustaining economy. Holding the DPP tokens will provide owners with a certain benefits.

All other details about token utilization and representation of token utility and distributed economy, can be found within our Business Plan.

Token holders benefits.

1. Contributions actions

To register on the platform, users must hold 100 DPP tokens to prove eligibility for fee payments; if not, DPP will make a conversion for the minimum amount of digital assets held by the wallet owner into DPP tokens.

All contributions from the Public Wallet will be made in DPP tokens.

2. Access rights to exclusive content

Token holders with more than 30,000 tokens will receive 24-hour notice on new investment into Strategy Wallets to be made by DPP from a Public Wallet.

Token holders having more than 10,000 tokens and a monthly fee turnover greater than 10,000 DPP tokens will have transaction fees reduced by 0.01%. The scale will work for each further 10,000 tokens, until we hit 0.06% in fees which are the lowest value viable for the platform.

Token holders having more than 25,000 tokens can access backtesting free of charge. In addition, this will apply to Strategy and Private wallets with more than 10,000 ETH equivalent, without having to hold the above mentioned number of DPP tokens.

In the future holding a certain amount of tokens will entitle a free access to certain building blocks of the platform provided by the third parties and developers.

3. Payment for services

All services on the platform will be payable in DPP tokens, including:

DPP platform transaction fees

DPP platform fee for the provision of liquidity between exchanges, wallets and the platform:

DPP platform fee for backtesting

Payments between software developers and strategy owners for programming work commissioned will be payable in DPP tokens. The platform will provide a smart contract between these two parties, and, by submitting a backtest and confirmation,s verify execution of work.

Strategy owners and new product developers will set out their fees (i.e. digital assets under management 1%, profit 10%) and, through smart contract, charge investors and strategy backers in DPP tokens.

Public Wallet profit sharing

Platform building blocks provided by developers or third parties

25th of July 2017. SEC DAO Case

In the light of SEC unequivocal ruling that the DAO tokens were indeed securities, not all ICOs have been brought under securities laws. Unlike DAO we do not plan to redistribute profits as rewards, as there will be no profit sharing. Tokens will be designed as an underlying utility of our distributed economy.

Instead, as we have claimed both facts and circumstances of any investments transaction will determine whether the token is a security or not.

Right from the beginning of token design and through iterative discussion with our legal advisors we have looked to design our tokens with Framework for Blockchain tokens, by being a simple contract and by passing a Howey test, and thus not being qualified as securities. We need to stress how important it is that within smart contract purchasers of tokens are motivated by the desire to use goods and services purchased. If tokens are designed as such the securities laws do not apply. Likewise we have designed our tokens without any expectations of profits or profit sharing, but instead, value will be used to increase the size of the Public Wallet and where all stakeholders will contribute to the larger system — our distributed self-sustaining economy.