Digicask ($DCASK) Token
Aside from the whisky tokens, which are restricted to trading on our platform, DigiCask owns a utility token, DCASK, that enables the Digicask Ecosystem. Its use cases include Staking and Governance, Incentivising the DigiCask platform investors via buyback and fees payment on the DigiCask platform. .
The token has been engineered in such a way that even in the bear market, our periodic buyback always ensures some price action of the DCASK token.
Token Distribution based on Max Supply
![token distribution](/_next/image?url=%2Fchart-token.png&w=3840&q=75)
Token Lock Up Schedule
Allocation | TGE % of allocation | Cliff (in months) | Vesting (in months) | Total vesting |
---|---|---|---|---|
IDO | 20.0% | 0 | 3 | 3 |
Team | 0.0% | 12 | 36 | 48 |
Advisors | 0.0% | 6 | 24 | 30 |
Reserve | 0.0% | 12 | 36 | 48 |
Ecosystem Growth Fund | 0.0% | 0 | 48 | 48 |
Marketing | 0.0% | 0 | 36 | 36 |
Liquidity | 12.5% | 0 | 12 | 12 |
Token Unlock Schedule
![Monthly Token Distribution](/_next/image?url=%2Fchart-token2.png&w=2048&q=75)
DCASK Launch on Solana
Ticker: DCASK
Standard: SPL
Max Supply: 1,000,000,000 DCASK
Freeze Authority: False
Mint Authority: False
Audit URL: www. cyberscope.io/audits/dcask
Explorer URL: solscan.io/token/64sad4VP..
DCASK Public Round details
Initial Circulating Supply on TGE: 564,166,667 DCASK
Public Sale Price $0.0075
Exchange Listing Price: $0.02
Initial Market Cap: $962,000
Initial Circulating Supply: 48,100,000 DCASK
FDV at TGE: $20,000,000
DCASK Token Utilities
Governance
In order to become a part of the DAO Governance, Users will have to stake a certain amount of DCASK tokens. Some of the potential voting proposals can include:
- • Whisky collection to list
- •Percentage of company profit to be used for buyback
- •Platform Fees adjustment
- • Funding management
- • Treasury Committee
Incentive Distribution
For every round of whisky tokenized, some allocation of the profit will be used to buy back $DCASK token from the market to incentivize investors. This will be around 5% of the company broker profit from distilleries.
Transaction Fee
In the future, transaction fees on the platform will be charged in $DCASK token and burnt, hence providing more demand for the token and scarcity in the long term.
Incentivize Referral
Once the platform is launched, some allocation of the marketing pool will be dedicated to reward platform users who invite others to invest in at least one of the tokenized whisky collections. It is easier for existing users to market the products and influence other enthusiasts in their network to start using DigiCask platform.
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