How the $DG token was distributed
1 billion $DG tokens were minted and will become accessible over the next 6 years.
62% to the community:
- 33% to DG Treasury — DG Treasury tokens are vested into the DG Treasury. $xDG holders can vote on these token allocations.
- 16% to ecosystem support — Ecosystem support tokens will be allocated to help develop new games and incentivize strategic partners to grow the Decentral Games ecosystem.
- 9% to liquidity incentives — LPs receive $DG token incentives by providing early liquidity and staking their LP tokens. (Note: As of November 2021, all of these tokens have been emitted for rewards.)
- 2% to governance rewards — $DG token holders can earn additional $DG by staking in the governance contract.
- 2% to community airdrop — These tokens will be airdropped to active community members.
20% to DG team and future employees with 3-year linear vesting.
18% to early participants with 2-year linear vesting.
$DG Legal StuffThe DG token distribution's goal is for $DG tokens to be consumed and utilized — the Decentral Games ecosystem would fail if all $DG token holders simply held onto their $DG and did nothing with it.In particular, it's highlighted that $DG:
- 1.does not have any tangible or physical manifestation, and does not have any intrinsic value (nor does any person make any representation or give any commitment as to its value);
- 2.is non-refundable and cannot be exchanged for cash (or its equivalent value in any other virtual currency) or any payment obligation by the Company, the Distributor or any of their respective affiliates;
- 3.does not represent or confer on the token holder any right of any form with respect to the Company, the Distributor (or any of their respective affiliates), or its revenues or assets, including without limitation any right to receive future dividends, revenue, shares, ownership right or stake, share or security, any voting, distribution, redemption, liquidation, proprietary (including all forms of intellectual property or license rights), right to receive accounts, financial statements or other financial data, the right to requisition or participate in shareholder meetings, the right to nominate a director, or other financial or legal rights or equivalent rights, or intellectual property rights or any other form of participation in or relating to the decentral.games ecosystem, the Company, the Distributor and/or their service providers;
- 4.is not intended to represent any rights under a contract for differences or under any other contract the purpose or pretended purpose of which is to secure a profit or avoid a loss;
- 5.is not intended to be a representation of money (including electronic money), security, commodity, bond, debt instrument, unit in a collective investment scheme or any other kind of financial instrument or investment;
- 6.is not a loan to the Company, the Distributor or any of their respective affiliates, is not intended to represent a debt owed by the Company, the Distributor or any of their respective affiliates, and there is no expectation of profit; and
- 7.does not provide the token holder with any ownership or other interest in the Company, the Distributor or any of their respective affiliates. Notwithstanding the DG distribution, users have no economic or legal right over or beneficial interest in the assets of the Company, the Distributor, or any of their affiliates after the token distribution.