🪙Tokenomics
Welcome to the world of DCAB—the digital currency that powers the DCAB ecosystem. DCAB, or DCAB Token, is central to our mission to make ridesharing simple and rewarding for everyone. Beyond just a token, DCAB embodies innovation, empowerment, and community within the DCAB platform.
Token Supply
The total supply of DCAB tokens is capped at 1 billion DCAB. These tokens are natively minted on the Polygon blockchain, which serves as the foundational infrastructure for DCAB's decentralized ecosystem. Importantly, DCAB operates as a fixed supply token, meaning that only 1 billion tokens will ever be created.
This finite token supply is designed to ensure scarcity and value appreciation over time, aligning with DCAB's long-term vision of fostering a sustainable and thriving token economy. By establishing a fixed supply model, DCAB aims to instill confidence among token holders and investors, promoting stability and liquidity within the ecosystem.
Token Allocation
The distribution of DCAB tokens is divided into several categories to support various aspects of DCAB's ecosystem and operations. These categories include Fundraise, Liquidity, Existing Token Holders, Team, Advisors, and Treasury.
Seed Round (SEED): 10% of tokens are reserved for the Seed Round, representing an early stage of fundraising to support the initial development and growth of DCAB.
Private Round: The Private Round is subdivided into three segments: Private 1 (5% of the total token supply), Private 2 (2.5%), and Private 3 (1.75%). These rounds attract strategic investors and partners who can contribute to DCAB's mission and vision.
Public Sale: 2% of tokens are earmarked for the Public Sale, allowing broader participation from the community and retail investors in the token distribution process.
Key Opinion Leaders (KOL): 0.625% of tokens are dedicated to Key Opinion Leaders, who drive awareness, adoption, and advocacy for DCAB within their networks and communities.
Liquidity: 9% of the token supply is allocated to provide liquidity on decentralized exchanges and facilitate efficient trading of DCAB tokens in the open market.
Early Contributors: 10% of the total supply is allocated to existing token holders.
Team: 10% of the token supply is allocated to the DCAB team to incentivize and reward their ongoing efforts in developing, maintaining, and growing the platform.
Advisors: 5% of the token supply is allocated to advisors who provide strategic guidance, industry expertise, and valuable insights to DCAB's leadership team.
Treasury: The remaining 44.125% of the token supply is retained in the Treasury, providing flexibility for future initiatives, strategic partnerships, ecosystem development, and community initiatives.
Each of these token allocations is subject to specific vesting schedules, ensuring responsible token distribution and alignment of interests between stakeholders and the long-term success of DCAB.
Vesting Schedule
Vesting refers to the gradual release of tokens over a specified period, ensuring responsible distribution and alignment of incentives among stakeholders. Below is the vesting schedule for different token allocations:
DCAB Utility
Loyalty Rewards
The DCAB Loyalty Program is crafted to reward both drivers and riders within the DCAB ecosystem for their active participation and engagement. Much like loyalty programs from major airlines and retail brands, DCAB tokens act as a digital currency that can be earned and redeemed for various benefits within the platform.
Earning DCAB Tokens
Kilometer-Based Rewards: Both drivers and riders earn DCAB tokens for every kilometer traveled during a ride. This system encourages active participation and involvement within the DCAB ecosystem.
In-App Activities: Additional DCAB tokens can be earned through various in-app activities, including completing a set number of rides within a specified period, receiving high ratings from users, and engaging in promotional campaigns.
Utilizing DCAB Tokens
Discounts on Rides: DCAB tokens can be redeemed for discounts on future rides booked through the DCAB platform. Users can apply their accumulated DCAB balance to reduce the cost of their rides, making transportation more economical.
Subscription Payments: Riders can use DCAB tokens to pay for subscription plans offered by DCAB, unlocking additional features such as priority booking, discounted fares, and premium services. Drivers can also use DCAB tokens to pay for their subscription plans.
Exclusive Rewards: Users can access exclusive rewards and perks by redeeming their DCAB tokens, such as complimentary upgrades, priority support, and special promotions available only to DCAB loyalty program members.
Benefits for Drivers and Riders
Increased Engagement: The DCAB Loyalty Program motivates drivers and riders to stay active within the DCAB ecosystem, resulting in higher engagement and retention rates.
Cost Savings: Users can reduce their transportation costs by redeeming DCAB tokens for discounts and rewards, enhancing the overall value of the DCAB platform.
Enhanced Loyalty: By rewarding users for their loyalty and frequent usage of the platform, DCAB fosters long-term relationships with both drivers and riders, contributing to continued growth and success.
Referral Ecosystem
Commission-Free Referral System: Rather than imposing commission fees, the DCAB platform uses a referral system where a portion of the fare is distributed as referral rewards.
DCAB Distribution: Referral rewards are given to both the driver and rider in the form of DCAB tokens, creating a demand and supply dynamic for the token within the ecosystem.
Stimulating Demand: The referral system drives demand for the DCAB token by ensuring a steady flow of transactions and rewards within the DCAB platform.
DCAB Staking Membership: Infinity Pool
The DCAB Staking Membership program offers DCAB token holders the chance to participate in an ongoing and dynamic pool of rewards and benefits, known as the Infinity Pool.
1. Membership Tiers
Tiered Memberships: The program features three distinct membership tiers, allowing DCAB holders to select the pool size and staking amount that best fits their needs.
Tier Benefits: Each membership tier comes with its own set of rewards and benefits, with higher tiers providing more substantial perks and privileges.
2. Staking and Rewards
DCAB Staking: Members participate in the program by staking their DCAB tokens and selecting the city where they wish to earn rewards.
RIDE Rewards: Rewards are issued in the form of RIDE value, determined by the profitability of DCAB operations from the previous month.
City Selection: Members can select the city for which they want to receive rewards, allowing them to maximize benefits based on their preferences and confidence in specific locations.
3. Membership Fees and Renewal
Monthly Membership Fee: A 1% token stake is deducted monthly as a membership fee, granting members access to the program's benefits.
Renewal Fee: Members may extend their staking period beyond one year, subject to a renewal fee for additional years.
Penalty for Unstaking: Withdrawing DCAB tokens incurs a penalty, and these penalties are used to burn DCAB tokens, thus enhancing their scarcity and value.
4. Reward Vouchers
City-Specific Rewards: Members receive reward vouchers for the city they select, granting access to rewards tailored to that location.
Marketplace Access: Vouchers can be traded on the secondary market or used in personal or commercial marketplaces, offering flexibility in their use.
The DCAB Staking Membership program, featuring the Infinity Pool, allows DCAB token holders to engage in and benefit from the real-world operations of DCAB across various cities globally. By staking DCAB tokens and choosing their preferred city for rewards, members gain access to tailored rewards, privileges, and incentives, supporting the growth and sustainability of the DCAB ecosystem.
Share to Earn
The "Share to Earn" initiative within the DCAB ecosystem incentivizes drivers to participate in data collection activities. By utilizing GPS technology and vehicle data, drivers can earn tokens in recognition of their contributions to the ecosystem.
1. Levels of Participation
Level 1: Location Data Sharing: Drivers begin by sharing their location data through the DCAB application while online.
Level 2: GPS Device Installation: Drivers have the option to purchase or lease GPS devices from DCAB to improve the accuracy and scope of data collection.
Level 3: Dash Cam Integration: Advanced participants can enhance their setup by integrating dash cams into their vehicles, enabling the sharing of live map data in addition to GPS information.
2. Token Generation Process
Leasing GPS Devices: DCAB provides GPS devices for lease to drivers, facilitating the collection and sharing of valuable data.
Token Acquisition: Drivers earn tokens based on the data collected by their GPS devices. Initially, drivers may need to cover the cost of tokens received to pay for the lease.
Data Proceeds: DCAB retains 50% of the proceeds from selling the collected data.
Token Buyback: 45% of the data proceeds are allocated to buy back tokens from drivers if needed, helping maintain liquidity and stability in the token economy.
Token Distribution: Tokens are distributed from the company treasury based on data sales and current token market value.
Calculation Method: Token distribution is calculated by comparing the hours of data a driver generates to the total hours generated by all drivers, multiplied by the value of data sold and divided by the current token market value.
3. Benefits
Incentivized Participation: Drivers are motivated to actively engage in data collection activities, contributing to the growth and development of the DCAB ecosystem.
Earning Potential: By collecting and sharing data, drivers have the chance to earn tokens that can be used for various purposes within the ecosystem.
Smart Driver Initiative: The program promotes the development of drivers into smart drivers, utilizing technology to enhance their performance and earnings.
Community Engagement: The Share and Earn program encourages community engagement and collaboration among drivers, building a network of empowered participants.
Future Vision: Transforming the Payment Landscape with DCAB
As we look to the future, DCAB stands poised to be a key driver of transformation in the payment landscape. Here are some anticipated developments for DCAB as a payment method:
1. Adoption and Integration
Efforts to promote DCAB adoption and integration within the ecosystem are underway. We expect widespread acceptance and use among drivers and users. By incorporating DCAB into existing payment systems and platforms, we aim to make it the preferred method for transactions within the DCAB community.
2. Expansion of Use Cases
With increased traction, DCAB's use cases will expand beyond ride payments. It will facilitate a variety of financial activities including subscription services, loyalty rewards, peer-to-peer transactions, and marketplace purchases.
3. Enhanced Financial Inclusion
By adopting DCAB as a payment method, we aim to improve financial inclusion within the community. Our goal is to empower drivers and users from diverse backgrounds, making digital payments accessible and promoting economic participation on a global scale.
4. Innovation and Collaboration
Innovation and collaboration will be key as we advance DCAB as a payment method. We plan to form partnerships with industry leaders and leverage emerging technologies like blockchain and decentralized finance (DeFi) to drive continuous innovation and uncover new growth opportunities.
5. Driving Economic Empowerment
At the core of our vision is a commitment to economic empowerment for all stakeholders within the DCAB ecosystem. By seamlessly integrating DCAB into everyday transactions and financial activities, we aim to provide drivers, users, and partners with greater financial autonomy, opportunity, and prosperity.
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