Tokenomics
Drive3 Network has introduced $DRV3 token as a cornerstone for governance and representation of rights within its ecosystem. This token empowers $DRV3 community holders, the founding team, and committee members to collaborate in the development, voting, decision-making, and management of Drive3 Network.
$DRV3 serves as the governance and non-refundable functional utility token of Drive3 Network. With a maximum supply of 2100 million, it is issued on both Ethereum (ERC20) and Memo Chain (MRC20), with 50% of the tokens allocated for incentivizing community builders, ecosystem partners, and other contributors. Focused on facilitating community governance, offering fee discounts, granting stake rights, and providing community incentives, $DRV3 aims to cultivate a vibrant ecosystem for Drive3 Network, thereby propelling its long-term growth and decentralization.
Acting as the embodiment of rights within the Drive3 ecosystem, $DRV3 connects users, developers, partners, and all other stakeholders. Its utility spans across various functions including payments, incentives, pledges, and governance, making it an integral component of the Drive3 Network ecosystem.
Governance: Drive3 token holders wield the power to participate in voting for network governance decisions on Drive3 Network.
Utility: The Drive3 token finds utility within the Drive3 Network ecosystem services such as BTC Drive and ETH DRIVE.
Incentive: Drive3 token serves as a means to incentivize ecosystem contributors, encompassing task points holders , recipients of advertisements , and relay nodes.
Service Fees: Drive3 Network employs the Drive3 token to cover transaction and NFT trading fees.
Relay Node: Drive3 holders possess the opportunity to stake Drive3 tokens to operate their own relay node, thereby enhancing the network's security.
Token Distribution
Token Ticker: $DRV3
Total Supply: 2100M
Token Contract Standard: ERC20 & MRC20
Token Contract Address: 0xa7e7d6da5d1a7ae75bbcf2bf34eb0061b2aaef36
Tokenomics
Allocation Amount
% of Total Supply
Investors
15.00%
315,000,000
Core team & Advisors
15.00%
315,000,000
Foundation & Treasury
15.00%
315,000,000
Community
39.00%
819,000,000
Airdrop Season1
3.75%
78,750,000
Airdrop Season2
2.25%
47,250,000
Ecosystem Development
7.00%
147,000,000
Jumpstart
3.00%
63,000,000
Total
100.00%
2,100,000,000
Token Release Schedule
Investors, 15%, TGE: 10%; 6 months cliff followed by a linear vesting period of 18 months.
Core team &,Advisors 15%, a linear vesting period of 60 months.
Foundation & Treas ury: 15%, released in 48 months;
Community: 39% , released in 72 months ;
Ecosystem Development, 7% , released in 48 months;
Jumpstart, 3%, a linear vesting period of 12 months.
Airdrop session1, 3.75%, a linear vesting period of 12 months.
Airdrop session2, 2.25%, a linear vesting period of 12 months.
Disclaimer
· $DRV3 serves as a non-refundable functional utility token.
· It is not intended to serve as a medium of exchange accepted by the public (or a section of the public) for goods or services, nor for the discharge of a debt. Additionally, it is not designed for use as payment for any goods or services that are not exclusively provided by the issuer.
· $DRV3 does not confer any shareholding, participation, right, title, or interest in the Company or Drive3 Network Foundation LTD in any way.
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