Meet the DEBT token — the original and fundamental digital asset within the D.E.B.T. ecosystem! The DEBT token, or simply DEBT, was created in 2021, and has already proven its value and liquidity on the market.
How does it work? Let’s have a deeper look into this blockchain project developed by D.E.B.T. and find out the role, benefits and tokenomics of DEBT.
The Role of DEBT
DEBT is the utility token for the D.E.B.T. ecosystem, which provides central support for the growing list of our commodity-based projects. In particular, each project — BGLD, NATG, ALUM, etc. — has a swap pairing with the DEBT token.
Why is it important? While other projects in the ecosystem include transfer fees to support the network, DEBT is zero-fee, which makes it a perfect trading asset and store of value.
Because of this, holders are encouraged to transfer their BGLD, NATG and other project tokens to DEBT before using it for trading and liquidity. With the central role it plays on the platform, DEBT will generate demand as more and more projects enter the ecosystem and keep growing.
The DEBT token is the most widely used token in our ecosystem with the most liquidity and pairings. The token can also be found on several exchanges.
As you already see, the D.E.B.T. ecosystem charges no tax for transfers, swaps and exchange operations with DEBT. This underlies the token’s key benefits:
- Possibility to exchange DEBT tokens with no transfer fees;
- Swap for any D.E.B.T. ecosystem token;
Buying and licensing in the D.E.B.T. ecosystem with DEBT tokens:
- eliminates the need to exchange for other tokens
- eliminates double transaction fees.
What benefits will you get as a DEBT license holder?
- Priority access to future projects released in the D.E.B.T. ecosystem.
- License airdrops for each project to DEBT software mining license holders.
Fact: In 2022, DEBT licenses were sold out in just 45 days. Get your 2023 DEBT mining license before they are gone!
There will only ever be 50,000,000 DEBT tokens mined and put into circulation. All DEBT tokens are mined from the Ecosystem Growth Initiative (EGI) pool on a half-life schedule. Each annual cycle, half of the tokens are distributed to license holders based on a synthetic PoW algorithm.
As of today, the circulating supply of DEBT tokens in the market is equal to 28,125,000 tokens.
In 2022, the second batch equal to 12,500,00 DEBT tokens will be distributed:
- 50% to license holders based on number of active system participants;
- 50% to the DEBT Council for supporting the project growth and liquidity for exchange.
DEBT halving schedule:
Fact: 100% of DEBT supply must be mined (this is not an ICO project).
The DEBT utility token combines the features of a self-sufficient, valuable and liquid asset with being the internal currency used for trading and exchange inside and outside the D.E.B.T. ecosystem.
The token offers a number of benefits, making it a perfect investment to start your journey with D.E.B.T.
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