How NFT Projects Can Integrate DAFI’s Programmable Rewards
DAFI Protocol developed a Staking 2.0 plug-and-play economic module, which translates network demand-volatility into token supply-volatility. Essentially, rewards distribution programs fluctuate and change in quantity depending on the market conditions.
Network incentives contract when market demand declines to prevent supply shocks and expand when market demand increases to promote long-term commitment.
Programmable rewards, in the form of dTokens, aim to improve any decentralized network in the blockchain industry by autonomously adjusting circulating supply in a bid to encourage user acquisition. They are designed to be highly customizable as the demand multipliers behind them can be tailored for specific needs.
For instance, the number of new addresses, the activity on the network, or the number of Twitter followers, to name a few, can be mixed together to create a more complex dTokens rewards program. Decentralized networks can even create multiple dTokens, each with its own demand multiplier, to support different initiatives and a wider number of applications.
If you’re an NFT project that was tokenized, then implementing dTokens is essential for your token economy. You can reward token holders depending on social media growth or the number of NFTs minted, creating a sustainable rewards model that further incentivizes holders as the community grows.
For NFT projects that haven’t been tokenized, implementing dTokens creates new opportunities and new ways for rewarding your communities in line with the growth of the network. For instance, allowing NFT holders to share in the revenues and royalties from sales; with the percentage of rewards holders receive being dependent on the programmed targets of the NFT project (i.e. social following growing, holders growing, marketplace volume growing).
This turns NFT owners into long-term users, aligning the incentives with network growth and ensuring that holders are rewarded for their long-term commitment. In this way, the community can support the future and goals of the project, without diluting the NFT supply as other incentivization methods such as airdrops may do.
Powered by DAFI’s Super Staking, any decentralized network can launch its own SuperPool to encourage market participants to stake native tokens for dToken rewards. This is the long-term utility of the DAFI token, bringing multi-token staking through network demand to make liquidity and user acquisition possible without uncontrollable token emission.
Please visit stake.dafiprotocol.io to stake your own DAFI. Contact us via email at hello@dafiprotocol.io or on Twitter at @DAFIProtocol to adopt Staking 2.0 as a fellow cryptocurrency project.
DAFI — The Internet of Staking
