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$DVO token

General

The DVO token is a standard ERC-20 token, deployed and operated on the Polygon POS blockchain.

The DVO token address is 0x8708cCEb45b218E93a4D2cfc95Eb8250AB13Fa9D

To watch for token up-to-date information take a frequent look at the Polygon POS token information page

Token lifecycle policy

Here we will describe the major principles of token lifetime operations so that the community can have a clear understanding what can and what cannot be done with the token. You can check our statesments by looking at smartcontract source code to verify. Or you can trust to respectable auditors.

  • Token is a fixed-supply token. No more mints possible
  • Token can be paused in operations. It is a common security feature that can help to reduce possible losses in case of fraudulent activities
  • Owner of the token can burn their own tokens, decreasing total supply
  • Token support Permit extended operation

Utility model

The DIVO platform’s token utility model empowers users through a tiered system, where staking plays a central role in accessing premium features. This model incentivizes engagement by granting more benefits and access based on both the amount of tokens staked and the length of time they are locked.

Each user’s Staking Score is calculated by multiplying the amount of tokens staked by the chosen lock period. A higher Staking Score allows access to advanced tiers, each with a unique set of platform tools and benefits. By staking more tokens or choosing a longer lock period, users and brands unlock higher tiers and a wider range of features.

Staking Score = Amount of Tokens Staked * Lock Period

TierAccess level
TIER0Free access Basic access allowing users to create profiles, post content, and engage with the community. No staking required, but premium features are unavailable.
TIER1Basic access Unlocks the ability to monetize content through NFTs and access exclusive platform features, with minimal staking required.
TIER2Advanced access Provides enhanced tools for content creation, analytics, and increased transaction fee reductions. Requires a moderate staking commitment.

Internal Payment and Fee Discounts

DVO tokens serve as the internal payment currency within the platform, providing additional benefits to creators who choose to use them. Creators who transact with DVO tokens enjoy extra discounts on commission fees, making the platform more cost-effective for those who utilize the native currency.

This incentivizes the use of DVO tokens while allowing creators the flexibility to sell their NFTs for other crypto assets if preferred, supporting an open and versatile marketplace.

Incentivizing content creation and engagement

In addition to unlocking features, DVO tokens play a vital role in incentivizing content creators. Content creators earn tokens as rewards for active engagement, creating quality content, and participating in platform activities such as challenges or special campaigns. This incentive structure encourages content creation, boosts engagement, and adds value to the DIVO ecosystem by rewarding creators for their contributions.

Further reading

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