Tokenomics

DID Whitepaper Overview

Total Issuance and Distribution

Total Supply: Approximately 2.1 billion DID tokens.
Mining Allocation: 90% of these tokens are to be acquired through mining activities.
Project Team Share: The project team dynamically receives 10% of the tokens released during the mining process.

Mining Difficulty and Halving Mechanism

Halving Based on Issuance: The mining difficulty is programmed to halve at predetermined milestones - when 1/2, 3/4, 7/8, etc., of the total supply is mined. Consequently, the unit output of mining is also reduced by half.
Initial Mining Phase: Upon launch, for every Unit Pair Data (UPD) successfully verified, 100 DID tokens are released, up until 1.05 billion tokens have been mined.
Post-Halving Adjustments: Beyond this point, for each additional UPD verified, the mining difficulty increases, and the reward decreases to 50 tokens. This process continues in a similar pattern.

Reward Distribution and Confirmation Process

Initial Reward Breakdown: Out of every 100 DID tokens released for a confirmed UPD, 50 tokens go to the first individual who discovered the respective MAC address WiFi. The subsequent 40 tokens are distributed equally among the first 20 people who reconfirm this information. The project team receives 10 tokens (10%) for community and project development purposes.
Start of Halving: The halving process begins after 10.5 million effective UPD pairs have been scanned and confirmed.
Third-Party SDK: A provided SDK allows other advertising service providers to utilize community data for MAC-GPS based indexing services. The revenue generated is allocated as follows: 20% for the project team and 80% distributed among users staking DID tokens for mining purposes.
Staking for Mining: Users can stake DID to mine more DID tokens. The income from the SDK is used to automatically repurchase DID tokens.

Staking Accelerated Mining Design

Staking Duration Tiers: The staking period is categorized into 30, 60, 120, 240, and 480 days, corresponding to tiers 1, 2, 3, 4, and 5, respectively. For each tier ascended, an additional 1, 2.4, 8, 16 DID tokens are awarded per UPD. These additional rewards are deducted from those needing cross-confirmation.
Accelerated Mining Benefits: If the mining yield is less than the staked amount, the waiting period of 14 days for maturity is waived.
Delayed Confirmation and Penalties: If, during the lock-in period, the cross-confirmation number is insufficient (less than 20 confirmations required), the previously mined rewards will be burnt. This is referred to as "delayed confirmation for false data."

Community Governance and DAO

Use in Governance: DID tokens grant holders the right to participate in community voting and governance.
DAO Development: The tokens play a crucial role in the establishment and operation of a Decentralized Autonomous Organization (DAO), promoting community-led decision-making and project evolution.

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Last updated 1 year ago

DID Whitepaper Overview

Total Issuance and Distribution

Total Supply: Approximately 2.1 billion DID tokens.

Mining Allocation: 90% of these tokens are to be acquired through mining activities.

Project Team Share: The project team dynamically receives 10% of the tokens released during the mining process.

Mining Difficulty and Halving Mechanism

Halving Based on Issuance: The mining difficulty is programmed to halve at predetermined milestones - when 1/2, 3/4, 7/8, etc., of the total supply is mined. Consequently, the unit output of mining is also reduced by half.

Initial Mining Phase: Upon launch, for every Unit Pair Data (UPD) successfully verified, 100 DID tokens are released, up until 1.05 billion tokens have been mined.

Post-Halving Adjustments: Beyond this point, for each additional UPD verified, the mining difficulty increases, and the reward decreases to 50 tokens. This process continues in a similar pattern.

Reward Distribution and Confirmation Process

Initial Reward Breakdown: Out of every 100 DID tokens released for a confirmed UPD, 50 tokens go to the first individual who discovered the respective MAC address WiFi. The subsequent 40 tokens are distributed equally among the first 20 people who reconfirm this information. The project team receives 10 tokens (10%) for community and project development purposes.

Start of Halving: The halving process begins after 10.5 million effective UPD pairs have been scanned and confirmed.

Third-Party SDK: A provided SDK allows other advertising service providers to utilize community data for MAC-GPS based indexing services. The revenue generated is allocated as follows: 20% for the project team and 80% distributed among users staking DID tokens for mining purposes.

Staking for Mining: Users can stake DID to mine more DID tokens. The income from the SDK is used to automatically repurchase DID tokens.

Staking Accelerated Mining Design

Staking Duration Tiers: The staking period is categorized into 30, 60, 120, 240, and 480 days, corresponding to tiers 1, 2, 3, 4, and 5, respectively. For each tier ascended, an additional 1, 2.4, 8, 16 DID tokens are awarded per UPD. These additional rewards are deducted from those needing cross-confirmation.

Accelerated Mining Benefits: If the mining yield is less than the staked amount, the waiting period of 14 days for maturity is waived.

Delayed Confirmation and Penalties: If, during the lock-in period, the cross-confirmation number is insufficient (less than 20 confirmations required), the previously mined rewards will be burnt. This is referred to as "delayed confirmation for false data."

Community Governance and DAO

Use in Governance: DID tokens grant holders the right to participate in community voting and governance.

DAO Development: The tokens play a crucial role in the establishment and operation of a Decentralized Autonomous Organization (DAO), promoting community-led decision-making and project evolution.