$DCARS Whitepaper
  • Dreamcars
  • Contents
  • Introduction
  • How Does It Work? I
  • How Does It Work? II
  • Why Dreamcars? I
  • Why Dreamcars? II
  • Market Opportunity I
  • Market Opportunity II
  • Marketplace
  • Our Ecosystem I
  • Our Ecosystem II
  • Our Ecosystem III
  • The Luxury Car Market
  • Examples I
  • Examples II
  • Examples III
  • Real World Luxury Cars Tied To NFTs
  • The Token I
  • The Token II
  • Tokenomics I
  • Tokenomics II
  • Tokenomics III
  • Tokenomics IV
  • Roadmap
  • FAQs
  • Disclaimer I
  • Disclaimer II
  • Disclaimer III
  • Disclaimer IV
  • End Page
Powered by GitBook
On this page

The Token I

PreviousReal World Luxury Cars Tied To NFTsNextThe Token II

Last updated 1 year ago

We have launched a utility token (DCARS) to reward our community, investors, and early adopters. Issuing a utility token will enable the Dreamcars team to raise capital and sustain a robust ecosystem.

Staking

Token holders can generate a passive income by staking their $DCARS tokens in our lending pool. Holders can stake from 7 days to 12 months - the longer they stake, the higher the interest rate. We will use the tokens staked to provide liquidity to our lending protocol, and the percentage of the fees generated will be passed on to the holders who staked their tokens.

Rewards Pool

We will run a monthly live lottery, which will go ahead if the rewards pool wallet contains a minimum balance of $50,000. If this amount is not reached within the month, the funds will be automatically rolled over to the next month.

Each lottery draw will have three lucky winners: 1st, 2nd, and 3rd. The prize for first place will be a luxury car, and cash will be paid in USDT for the second and third.