Introducing $AZUKI, a hyper-deflationary secondary token created for use in our up-coming Doki Doki NFT DaPP and full-service NFT platform. $AZUKI complements our native ecosystem token, $DOKI, establishing a dual token model designed for large-scale NFT adoption.
Azuki Token Characteristics
- No Presale, $AZUKI will be farmed using $DOKI, $DOKI/ETH, $AZUKI, and $AZUKI/ETH via four new pools.
- Slow Emission, decreasing at a rate of 6% every two weeks
- Deflationary properties: Adjustable Burn Rate governed by the community. Initial Burn Rate will be set to 5%
- $AZUKI is also burned in order to obtain Doki Doki Branded NFTs on DeGacha
- Burned to obtain Doki Doki Branded NFTs on DeGacha
- Utility will be added via other Doki Doki products
Why a secondary token & How Azuki brings additional value to $DOKI
- Different use-cases necessitate different token properties and mechanics such as burn and distribution via participation
- $DOKI and $DOKI/ETH LP is needed to farm $AZUKI, increasing Liquidity and utility of $DOKI
- $AZUKI is burned in order to obtain rare Doki Doki Branded NFT collectibles on DeGacha
$AZUKI will have a total supply of 40,000,000, and a distribution period of 2~3 years. Rewards are still tilted in favor of early stakers in the pools, with 75% of the total Pool supply distributed within the first year. Farmers are entitled to approximately 20M of the supply (50%). The remaining 20m are reserved and locked for future use.
👩🌾Distribution via Farming Pools — 20,000,000
With the launch of the Azuki Pools, DStake will be upgraded to DStake 2.0 — DOKI & AZUKI distribution system. Similar to $DOKI, there will be 4 pools to farm $AZUKI.
$DOKI Pool — 3,000,000
- Stake $DOKI to earn $AZUKI. 180k distributed in the first two weeks, decreasing by 6% every two weeks
$DOKI/ETH LP Pool — 4,000,000
- Stake $DOKI/ETH LP to earn $AZUKI. 240k distributed in the first two weeks, decreasing by 6% every two weeks
$AZUKI Pool — 4,000,000
- Stake $AZUKI to earn $AZUKI. 240k distributed in the first two weeks, decreasing by 6% every two weeks
$AZUKI/ETH Pool — 8,000,000
- Stake $AZUKI/ETH to earn $AZUKI. 480k in the first two weeks, decreasing by 6% every two weeks
DEV Fund — 1,000,000
- Linearly vested for 1 year. We may use a miniscule amount of dev $AZUKI to try minting a few NFTs on our DaPP with no impact to the price. The remaining will not be touched until our NFT Platform goes live.
🏦Platform Reserve — 20,000,000
A reserve to foster value-added partnerships and collaborations. We have pretty strict standards and we only plan on deploying the AZUKI if there is a strong business case and benefit for our holders. Minting function also has a two-day time lock, and we announce all the details in advance.