The native cryptographically-secured fungible protocol token of Dinoland (ticker symbol DNL) is a transferable representation of attributed utility functions specified in the protocol/code of Dinoland, and which is designed to be used solely as an interoperable utility token thereon.
Chain: Binance Smart Chain
Total supply: 1,000,000,000
DNL is a functional multi-utility token which will be used as the medium of exchange between participants on Dinoland in a decentralised manner. The goal of introducing DNL is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Dinoland without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. DNL does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will DNL entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. DNL may only be utilised on Dinoland, and ownership of DNL carries no rights, express or implied, other than the right to use DNL as a means to enable usage of and interaction within Dinoland.
In particular, DNL provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Dinoland, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. DNL is an integral and indispensable part of Dinoland, because without DNL, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Dinoland. Given that additional DNL will be awarded to a user based only on its actual usage, activity and efforts made on Dinoland and/or proportionate to the frequency and volume of transactions, users of Dinoland and/or holders of DNL which did not actively participate will not receive any DNL incentives.
DNL is the native token which gives effect to the "play to earn" nature of the game, and will be distributed to reward players for engaging with the platform, for example defeating monsters and achieving rankings.
DNL may also be spent by a user to acquire Eggs and NFTs within the gaming ecosystem, or access a variety of exclusive features such as upgrades or exclusive content.
Dinoland itself is simply a blockchain protocol that, by design, does not offer any resources for utilisation, so in order to provide users easy access to DNL for the project to run efficiently, users would need to be incentivised to become liquidity providers and stake their digital asset pairs (e.g. USDT/DNL) into decentralised market making pools to provide the necessary liquidity for transactions. As compensation for opportunity costs, these liquidity providers which help to promote adoption of Dinoland by staking or including assets to liquidity pools in exchange for LP tokens would be rewarded with DNL, according to each user's relative contribution after various adjustment and correction parameters.