🥈The Detherverse Token (DVT)

Introduction to DVT

The Detherverse Token (DVT) is the native cryptocurrency of the Detherverse platform. Built on the Ethereum blockchain as an ERC-20 token, DVT serves as the primary medium of exchange within the ecosystem. It provides users with a secure, efficient, and transparent means of transacting, participating in the economy, and accessing various features and services offered by the Detherverse platform.

What is the point of DVT?

Many decentralized finance protocols have unique mechanisms that make them great experiments as a store-of-value, but all lack staying power. Most projects rely on influx of new capital and investors and often show their true colors in a bear market when selling outweighs new investors and the reduction in price exceeds that of their bonds/staking rewards. DVT was created to combat this by being a volume based protocol. By holding and staking DVT, you are earning a large quantity of new tokens every second, regardless of whether or not the price direction or the amount of people buying bonds or minting new tokens.

DVT Smart Treasury

Disclaimer: DVT does not perform interest-bearing activities or lend assets on behalf of anyone and any discussions in the documentation and whitepaper are conceptual and educational.

The DVT Smart Treasury is the heart of the DVT protocol. The treasury receives a small percentage of each transaction and is immediately converted to ETH. The Treasury performs several functions either automatically or manually depending on the requirements. The primary function of the Treasury is to generate exponential returns through the reinvestment of funds to various yield optimizers and liquidity farms. Returns are used as staking rewards and to perform various price recovery mechanisms. The protocol executes lending and other DeFi activities, at scale, in real time, so you don’t have to. Here is how it works.

Some people want staking rewards. Some people want to provide liquidity or take advantage of other yield farming opportunities. If you are smart, you are probably using a yield optimizer like Beefy finance to automate your returns. But what if you can have all of that and more.

By holding and staking DVT, you are receiving staking rewards from each and every transaction. But it doesn’t stop there. When you stake your DVT, you are not only entitled to your share of rewards from the protool, but the protocol then lends funds from the treasury as well as staked funds to yield optimizers like Beefy.finance, generating stable returns at a higher volume, compounding DVT staking rewards. When volume is high, DVT will have some of the best APYs in all of DeFi. When volume is low, Stakers are diversified and earning yields as if they had a professional portfolio manager. Remember that not only are you receiving your share of staking rewards based on volume (Not rebasing or minting), but you are also providing your staked DVT tokens to generate more yields that are paid back not only in DVT but also other assets. The treasury invests for the stakers, and for itself. The treasury uses the income from transactions as well as other income streams to buy DVT from the market and distribute the tokens to stakers, driving positive price movement, and generating more volume that increases staking rewards and burn. This process repeats. What happens in a bear market when sell volume is high? Price may go down but the APY's will stay high due to volume.

Anti-Whale Mechanism

We understand that the ability to purchase large quantities of the overall supply at a very low price (While the market cap is low) creates a less than ideal dispersion of investors that can dampen growth and set any project back. Our aim is to prevent whales by not allowing over 0.5% of the overall supply to be purchased by a single wallet.

Utility and Functionality

DVT plays a crucial role in facilitating transactions, rewards, and incentives within the Detherverse ecosystem. Users can utilize DVT for the following purposes:

Transaction Medium: DVT serves as a digital currency for purchasing virtual assets, goods, and services within the Detherverse platform. Users can buy and sell virtual land, acquire virtual assets, and participate in in-platform marketplaces using DVT.

Rewards and Incentives: Users can earn DVT through various activities within the Detherverse. Engaging in quests, completing achievements, participating in events, and contributing to the growth of the community can reward users with DVT tokens, encouraging active participation and fostering a vibrant ecosystem.

Governance and Voting: DVT holders have the power to participate in the governance of the Detherverse platform. Holding DVT grants users voting rights on important platform decisions, such as feature updates, policy changes, and community proposals. This democratic governance model ensures that the Detherverse community has a voice in shaping the platform's future.

Scarcity and Distribution

DVT tokens are designed to be scarce, with a fixed maximum supply. The scarcity of DVT tokens ensures their value and enables a controlled economic ecosystem within the Detherverse platform. The initial distribution of DVT will occur through a fair and transparent process, allowing users to acquire tokens through token sales, incentives, community airdrops, and liquidity mining programs. Details regarding the token distribution and allocation will be provided in the Detherverse Token Distribution section of this whitepaper.

Tokenomics and Staking

The Detherverse Token (DVT) is designed to be a utility token that aligns with the long-term growth and sustainability of the Detherverse platform. To foster token utility and value appreciation, DVT holders will have opportunities to stake their tokens within the Detherverse ecosystem.

Detherverse has a fixed token supply of 1,000,000,000 DVT tokens. The token allocation is as follows:

Public Supply: 50% (500,000,000 DVT tokens)

Team and Advisors: 20% (200,000,000 DVT tokens)

Community and Ecosystem: 20% (200,000,000 DVT tokens)

Reserves: 10% (100,000,000 DVT tokens)

Total Supply	1,000,000,000	100%
Public Supply	500,000,000	50%
Team and Advisors	200,000,000	20%
Community and Ecosystem	200,000,000	20%
Reserves	100,000,000	10%

Detherverse implements various play-to-earn mechanisms, allowing users to earn DVT tokens through activities such as resource gathering, competitive gameplay, content creation, and community engagement. The exact formula and parameters for token rewards are determined based on specific activities and desired incentives within the platform.

Staking DVT can provide benefits such as enhanced governance participation, staking rewards, and access to exclusive features or events. The specific staking mechanisms and associated rewards will be detailed in the DVT staking section of this whitepaper.

A portion of the platform revenue or transaction fees will be used to periodically buy and burn DVT tokens from the circulating supply. Token burning reduces the total token supply, potentially increasing the value of the remaining tokens and contributing to long-term token value appreciation.

Dues that makes sense

We believe we have curated the perfect tax that encourages behaviors that reflect positive price movement, but also allows for utility, and most importantly, movability. A token that is movable is amenable to arbitrage, which is important for generating volume across central and decentralized exchanges. The transaction dues are as follows:

Purchases - 5%

Transfers - 2%

Sells - 5%

Swaps (Buys and Sells) are in Tier 1 and Transfers in Tier 2, each with its own unique fee breakdown.

BUY/SELL TRANSACTIONS (5%)

For each transaction:

2% is Rewarded (1% to Holders & 1% to Stakers)

2% to Liquidity Pool (1% ETH & 1% DVT)

0.5% is Burned (Deflationary Supply)

0.5% to the Treasury (PRM)

TRANSFER TRANSACTIONS (2%)

For each transaction:

1% is Rewarded (.5% to Holders & .5% to Stakers)

1% to Liquidity Pool (0.5% ETH & 0.5% DVT)

Regenerative Liquidity

A small percentage of each transaction is automatically added to the liquidity pool. Liquidity is the life-blood of any new or established token. We live and die by our liquidity and is and always will be of the utmost importance.

Rest & Reflect (Staked Reflections)

The first token to offer static rewards but also give holders the option to stake those rewards to compound their earnings.

Deflationary

Similar to other deflationary tokens, a portion of each transaction is sent to the burn address, which serves to decrease the supply over time.

$DVT Token is burnable and NOT mint-able. No more tokens can be created and the supply will never increase.

Token Security and Interoperability

DVT tokens are built on the Ethereum blockchain, leveraging the security, robustness, and interoperability of the Ethereum network. This ensures that DVT can be securely stored, transferred, and integrated with other Ethereum-based platforms and services. Users can utilize standard Ethereum wallets to store and manage their DVT tokens, providing them with full control and ownership of their digital assets.

The Detherverse Token (DVT) serves as the backbone of the Detherverse economy, enabling seamless transactions, rewards, governance participation, and staking benefits. By incorporating DVT into the platform, Detherverse aims to create a thriving ecosystem where users can engage, transact, and participate while enjoying the benefits of a decentralized and user-centric virtual reality metaverse.