Tokenomics and Rewards
"Tokenized Royalties" are a first in the NFT industry. $DN and DT are the foundation of the DN ecosystem and are explained below.
Last updated
"Tokenized Royalties" are a first in the NFT industry. $DN and DT are the foundation of the DN ecosystem and are explained below.
Last updated
$DN is an ERC-20 token that is the liquidity and utility token of the DroppingNow ecosystem. Two $DN tokens are created every time an NFT is sold on DroppingNow - one to the seller, and one to DroppingNow (for collections with an , 1 $DN goes to the seller, 0.5 $DN goes to the collection author/creator, and 0.5 $DN to DroppingNow). These tokens represent rights to the revenue generated by the marketplace fee on DroppingNow.
Holders of $DN tokens are rewarded with the revenue generated by the DroppingNow marketplace fee. These rewards are distributed proportionally based on your wallet’s % ownership of outstanding $DN tokens. The rewards can then be claimed from our page.
In an effort to avoid wash sales clogging up the marketplace, we've implemented a minimum sale price for a transaction to qualify for $DN rewards (ie., for $DN to be created and distributed when the item sells):
Unlike most projects, there is no initial distribution of $DN. We don't believe in rewarding insiders or our team based on some valuation instead of delivering a great product. So no airdrops, strategic sales, or other incentive programs.
We believe that this is the most fair way to distribute tokens. Our team is only rewarded if users are actually using the platform, and we're still rewarding our users for supporting/using the platform.
In summary:
No airdrop/vampire attack!
No initial supply!
No pre-mine, even for the team!
No max supply!
$DN Token Addresses
The revenue from fees for every sale in a collection on DroppingNow is awarded to DT holders proportionally based on the % of DT supply they hold for that collection (pro rata). Rewards must be claimed from the Rewards page.
Above is a DT token from a user who sold a Purrnelope's Country Club NFT. The naming of your DT tokens will reflect the collection name of the NFT you sold. Ie., if you sell a BAYC NFT then you will earn a BAYCDT.
As standard ERC-1155's, you can buy and sell DTs on DroppingNow or any other marketplace that support's ERC-1155's (Opensea, etc).
Why use DropperTokens?
Imagine tokenizing the rights to a collection’s royalties - that’s exactly what Dropper Tokens facilitate! Trustless, transparent, and tradable rights to the royalties of a collection, simply from holding the collection’s Dropper Token.
DT Token Addresses
Be the first seller who lists a unique token from a supported collection on DroppingNow to collect DT tokens.
Encourage others to sell and drop NFTs from the collections you own $DTs from and collect your part of the fee.
Drop and sell more unique NFTs from supported collections on the platform to earn additional $DN tokens.
DTs are ERC-1155 tokens that represent the rights to revenue generated by transaction fees for a collection. Whenever a primary sale occurs (ie., an NFT is sold for the first time on DroppingNow), four DTs are created - two for the seller, one for the collection author (once they have been ), and one for DroppingNow. These are "unminted" until each recipient has "minted" their tokens via the page.
If you are a collection author/creator, of your $DN and DTs.
Creators who drop a new collection on DroppingNow will also get the benefit of being a "primary dropper" once they By claiming ownership of the collection, they will receive an additional DT for each item sold on DroppingNow.
