Whitepaper
Tokenomics (wip)
DooCoins (DCN) is the native utility token within the DooCoins ecosystem, designed to power transactions, unlock premium features, and support governance functions on the platform. The tokenomics of DCN are structured to drive user engagement, provide long-term incentives, and support the platform’s mission of enhancing financial literacy and responsibility among children.
Token Details
- Symbol: DCN
- ICP Canister ID: uzncw-aaaaa-aaaam-actja-cai
- Total Supply: 25,000,000
- Transfer Fee: 0.1%
- Supports Supply Increase: Yes
- Standard: ICRC-2
- Type: Utility
Utility of DooCoins (DCN)
DCN serves as a utility token, providing the following functions within the DooCoins ecosystem:
- Access to Premium Features: DCN tokens allow users to unlock premium app features, such as advanced customization options, exclusive rewards, and more comprehensive parental controls.
- Facilitation of Transactions: DCN tokens enable seamless transactions within the app, allowing kids to redeem rewards, manage their tokens, and engage in a true digital currency experience.
- Governance Participation: As the DooCoins community grows, token holders will have the opportunity to participate in governance decisions, providing feedback and helping shape future updates and platform policies.
Staking Options
The DooCoins ecosystem includes a flexible staking mechanism designed to encourage saving and reward accumulation over time. Parents can stake DCN tokens on behalf of their children, with options for staking terms up to 5 years. For long-term financial planning, staking can remain in place until a child turns 18, creating a trust-fund-like structure that promotes long-term saving and financial security.
Token Distribution
To support growth, incentivize users, and drive community engagement, the total supply of DCN tokens will be allocated as follows (specific percentages to be announced):
- Treasury: Reserved for ecosystem development and platform expansion, ensuring the ongoing growth and scalability of DooCoins.
- Team + Founders: Allocated to core team members and founders, supporting the efforts of those building and maintaining the platform.
- Investors: Set aside for early supporters and investors who contribute to the platform’s development and initial funding.
- Staking Rewards: Dedicated to rewarding users who participate in staking, encouraging user engagement and fostering a culture of saving and financial literacy.
- Bounty + Airdrop: Used for community engagement and promotional activities, helping to spread awareness and encourage adoption among new users.
- DAOs for Good (Kids): Allocated to fund educational initiatives and empower children through decentralized autonomous organizations, promoting financial education and social impact.
The tokenomics of DooCoins are designed to align with the platform’s mission, providing meaningful incentives for families while building a sustainable and scalable ecosystem for future growth. Through thoughtful token distribution, governance, and staking mechanisms, DooCoins aims to foster a robust, community-driven platform for the next generation of digital natives.