DevLand Points (DEVP)
DevLand Points are the main utility token issued by DevLand to be used in the platform. Its supply is limited to 1M and every DEVP that will exist is issued already. It is used for governance over DevLand, as reward for collaborating on building the platform itself and as balance to build projects using the platform.
Asset info
Asset code: DEVP
Issuer account: GBJZ2J6JJLWK2PND4ZAWTYKMRAOLDZPOUMZFY6ISIQPOY6HFOL5TIPCR
Max supply: Fixed, 1.000.000 DEVP
Tokenomics
| Distribution Account | Usage to be decided by the community | 529.000 DEVP |
| DevLand Network Fund | To build the 1st stage | 50.000 DEVP |
| DevLand Academy Fund | To build the 2nd stage | 50.000 DEVP |
| DevLand WorkEngine Fund | To build the 3rd stage | 100.000 DEVP |
| Presale | To collect funds for the 3 stages of the project | 150.000 DEVP |
| Contests & Rewards | To reward active users for promotion related contests | 20.000 DEVP |
| Welcome Bonus | To reward our first 500 users with 1 DEVP | 500 DEVP |
| Liquidity | To fund liquidity pools | 100.000 DEVP |
Presale
150.000 DevLand Points were put on sale for initial offering on Stellar DEX in several batches of 20k and a last one of 50k DEVP. Starting the first batch at 5 XLM each and ending at 10 XLM.
This offer does not involve the purchase of shares. Users buy the right to use the platform features of voting (not legally binding results) and building software projects in the platform.
Disclaimer
DEVP is not an investment product. There are not any real world assets backing its value.
DEVP does not represent shares of DevLand. The results of the voting feature are not legally binding, but a private consultation that DevLand does to its users before taking the final decision.
Its specific functions are acknowledging and rewarding the members that colaborated building the platform and allow them to decide the future of it.
We can not really control the DEVP supply, as the issuer account was locked to grant its max amount. If for some reason this fact turns into a problem in the future, as a DAO we can vote and decide options to solve it, like issue a new unlocked token in a 1:1 ratio.