DT
WIP: Launching May 2025. For more details regarding numbers, please refer to the Tokenomics sheet.
What is DT?
DT is the governance token of Dchain. It is used for stakers to make proposals and vote on them to express their opinions on the direction of the network.d
Limited Inflation Rewards
DT has a max supply of 100 billion tokens. At Token Generation Event, 80 billion tokens are minted and distributed. The remaining 20 billion tokens are minted over time as rewards for providing security to the network, the velocity of which it is determined by the reward mint curve.
The reward mint curve is predictable with a reduction ratio per reduction period. The initial values are 0.8 reduction ratio per year. I.e. The total mint in the first year is 4 billion DTs and the second year is 3.2 billion DTs.
Since all minted tokens are distributed to stakers, the less tokens are staked, the higher the reward % for the stakers.
Burn / Pooled Mechanism
DTs are used to pay for Dchain module utilities are either burnt or pooled. The Burn / Pooled ratio and the usage of the Pooled DTs are decided through governance.
Burn Replacement
DTs that are burnt are not replaced by default, however, if the total DT supply drops below a certain threshold, DTs will be minted and pooled to be distributed via governance decisions.
Notarisation Incentives Alignment
Dchain is designed specifically to host regulated financial applications that derive values from verifiable data that represent values.
For example, a piece of structured data representing an invoice that are digitally signed (under legally binding standards) by both the supplier and buyer. This, originally bilateral agreement, can then be used as raw material, with verifiable provenance, as a raw material to create other financial instruments.
The amount of DTs burnt for notarisation is equivalent to a percentage of the yield derived from the underlying asset. This means that Dchain must be made aware of the underlying asset value in fiat terms.
Asset Schemas and Fees
In order for Dchain to create an ecosystem where asset notarised are always
- verifiable
- value-representing the applications must register asset schemas which are assessed and approved by the governance.
This mechanism also allows Dchain to understand the value and the derived yield from the life cycle expected for the asset being notarised.