🪙Purpose of $DCT
Last updated
Last updated
$DCT holders share platform profit among them and also vote on important decisions.
DecentraCredit Token ($DCT), while not exactly a Dividend Bearing Equity Stock, resembles the same very closely, for every purpose.
The charges DecentraCredit accumulates are distributed among the $DCT holders as per their holding. This is done using farms where users need to deposit their $DCT.
80% of the charges the platform collects are used as farm rewards.
For example, if the dapp makes a total of 100,000 USDT in platform charges in a week, 80% of that, ie, 80,000 USDT will be distributed among the $DCT holders through the farm.
While the total supply of DCT is 10,000,000, as mentioned earlier, it is impossible that 100% of the supply will be staked. Some shall be kept in reserve, some other will be added to DEX to provide liquidity, a much lower %age of the total supply should, in practicality, be available for Staking.
For the demonstration purposes, we will assume, the percentage of $DCT sold to investors, is the amount staked on the DecentraCredit platform.
In 3 rounds of sales, we aim to sell a total of 35% of Total Supply to the market.
Let's assume, this 35%, ie 3,500,000 DCT is staked in the DecentraCredit dapp.
As there is only 3,500,000 $DCT, each $DCT will get a 'dividend' or farm rewards of 100,000/3,500,000 = 0.028571429 USDT as weekly dividend.
If someone holds as low as 10,000 $DCT, s/he will receive 10,000 * 0.028571429 = 285.714285714 USDT as weekly farm rewards.
$DCT can be freely traded on popular exchanges once the system is live.