The dART Token
dART is a project that aims to change the NFT and insurance markets, introducing more innovative and user-friendly ways to earn money. Of course, as a decentralized platform, our stakeholder and platform customers' values are most important to us and our long-term success, so we created a token to cater to the dART community.
We have built the dART token to be an integral part of our ecosystem. It will influence the direction of our platform and the NFT insurance market in a major way, enabling us to achieve better results by involving our community when making crucial decisions. To show our community and clients that they are essential to us, dART will serve as the distributed governance token of the network, making the decision-making process as fair and equitable as possible.
Governance tokens allow users to make core decisions about the protocol, roadmap, various parameters, and the codebase as a whole. These tokens can also be used through treasury management; token holders can allocate funds and guarantee the platform's further growth. The dART utility and governance token will allow our users to make crucial decisions about the platform together with the team. They will also serve as a marketing tool, increase liquidity within the platform, and help build a trustworthy community. dART is the governance token for the system and performs the following functions:
Staking in dART liquidity pools and staking LP tokens into governance staking. Earning LP fees plus staking rewards proportional to your share in the staking pool.
Governance on protocol and system updates
The governance responsibilities include:
Voting on updates to the dART network smart contract code
Voting on changes to constants used in the fee model (such as insurance premium charge for buyers)
As a reward for staking tokens and participating in the system's governance, the dART DAO token holders may vote to share a portion of the revenue generated by the dART protocol to the community.
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