NewToken_Tokenomics_241022.xlsx

  1. What is Dash?

Dash is an appchain - specifically designed to support the creation and deployment of decentralized applications (DApps) for collaboration and making decision purpose.

In web2, you could see many collaboration apps, like Trello, Asana, Airtable… Sooner or later, these kind of apps will appear in blockchain world to help web3 user collaborate and make decision together.

As an appchain - Dash is a type of blockchain architecture that separates the data, transaction processing and consensus processing elements into distinct modules that can be combined in various ways. This allows for greater scalability and flexibility, as each app can be customized and optimized for its specific use case.

  1. Utility - what does the token go for?

DASH token, is the native token of Dash-chain

Like other native token of other chain or technology built on blockchain, DASH will be used for:

  1. As a fee to use product built upon Dash’s technology. This brings revenue to Dash’s system
  2. As a reward for those who contributes to grow the ecosystem
  3. Represents the right to vote for governance
  4. Who will contribute to the ecosystem’s growth?
Founding Team Founder
Who support the ecosystem Early Contributor Employee who owns tHecta
Early Adopter who owns Hecta
Advisor Advisor
Investor Seed Investor Investor who has invested in Hectagon
Bridge-round investor Investor who will invest while DASH is just an idea, not have any product or clear concept
Private Investor Investor who will invested in DASH team
Contributor Liquidity Provider Liquidity provider
Other contributors Who contributor their effort to growth the ecosystem

  1. Assumption

  2. Team will play the important role to develop the project. In general, we believe that 20% of the total amount will be reasonable amount for the team to contributing and developing the project. Team will include founding team and early contributor.

    20% of the total amount will be the maximum token Team could receive, but it will base on how much tHecta they hold

    So 50M tHecta will be considering converted to 20% of DASH supply

  3. Fund that needs for developing product and community is estimated $2M. $300k will be for researching and developing concept, and $1.7M will be for developing products and community. Moreover, ownership of private, bridge-round and seed investor should not excess 20%, to keep the flexibility for projects, maintain token’s holders decentralized and keep room for next round funding

  4. Early Adopter will get the token based on the amount of Hecta they have.

  5. 50M pHecta will be considering converted to 40% of DASH supply, since conversion rate of pHecta to Hecta is twice as fast as tHecta. It leads to an assumption that pHecta will be worth as twice as tHecta

  6. Formula

  7. Founding team and Early Contributor - based on tHecta hold

tHecta %tHecta %DASH
Team Founder 37,500,000 98.55% 15.00%
Early Contributor 550,000 1.45% 0.22%
Total used 38,050,000
Total supply 50,000,000 20%
  1. Advisor and Seed investor - based on pHecta hold
pHecta %pHecta %DASH
Seed_investor 9,822,571 83.1% 7.86%
Advisor 2,000,000 16.9% 1.60%
Total used 11,822,571
Total supply 50,000,000 40%

Note:

We decide that DASH token price will be equal to all investor invested in Hectagon, with equal to the minimum price of DASH converted. It will be $0.125

According to this calculation, Seed investor will receive more 1,310,274 DASH token, which is equal to 1,31%

This amount of token will be taken from the treasury/reserved

Pool
Seed_investor 9.17%
Advisor 1.60%
  1. Early adopter

Since early investor is able to convert Hecta to DASH , the allocation will be as following:

1 Current flolating Hecta = User Floating + Staking/Bond trong contract + Hecta trong LP + Roundup_ (đến từ staking hoặc contributor) = 285,000 (see table belows)
2 DASH convertible price = 0.2
3 Conversion rate Hecta/DASH = Hecta_price_public/DASH_convertible_price = 3/0.2 = 15
4 DASH quantity that shall be converted from Hecta = 15*285,000 = 4.275.000
5 %DASH for Early Adopter = 4.275%

Hecta Distribution as belows:

Hecta
User floating 10,833
Staking/Bond trong contract 170,234
Hectagon LP 102,578
Total 285,000
Roundup_ 1,356
  1. Private & Bridge-round Investor

We allocate 10% of the pool for private investor.

For bridge-round investor, they provide convertible loans and will get discount of token if they convert (details in Pricing).

Quantity %
Private 10,000,000 10
Bridge-round 2,142,858 2.14

  1. Liquidity provider - expectedly 10%

  2. Community Treasury - the remain

  3. Pricing

We estimate to raise $1.7M from private and $300k from bridge-round.

For bridge-round investor, they provide convertible loans and will get 18% discount of token if they convert, which is $0.14 per token.

Therefore, the price will be:

Quantity Value Price
Private 10,000,000 1,700,000 0.17
Bridge-round 2,142,858 300.000 0.14

With this price, fully diluted valuation goes for private round will be $17M. It is conservative valuation for a infrastructure-oriented project, based on technical aspects of the project, team’s experience and widely potential adoption of the project in the future.

  1. Vesting schedule

Founding team will go with projects. They get funded, and will be the last one who get fully token