DENA utility price raised to 10 USD

DENA’s minimum utility value increase policy

  • As DeNations’ economy increase, minimum utility value of DENA will increase accordingly.
  • Total Value Locked in DeNations (USD) = Total Registered DGDP + Total Value Locked in DENA liquidity pool
  • Total Value Locked in DeNations vs. DENA’s minimum utility value
  • Total Value Locked at current time (2021.3.11) : 464,423 USD value
  • Since it have passed 250,000 USD, we are raising DENA’s utility value to 10

Since Total Value Locked have passed 250,000 USD, we are raising DENA’s utility value to 10.

DENA’s utility value ≥ 10 USD

  • DeNations’ newly issued NFT can be bought with several coins, including ETH, SMTS, and DENA.
  • We guarantee the minimum utility value of DENA at 10 USD when setting the price of the newly minted NFT to DENA.
  • We want support DENA’s value and the development of DeNations by this policy.

For example, the first weekly sale price of the Nation ownership NFT card of France, released by the DeNations’ Initial Nations Offering (INO), is 287 USD. Thus, the price of Nation ownership NFT card of France, which can be purchased by DENA, is set at 28.7 DENA (287 USD/10 USD).

  • Therefore, it is advantageous to purchase NFT cards using DENA over other coins if the price of DENA is less than 10 USD.
  • At the time of writing, the price of DENA traded at Uniswap is 6.26 USD.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Staking EasyFi EZ Token on UniFarm

Introducing CryptoTurtle.com!

SelfKey Progress Report June 2019 — SelfKey

Zilliqa (ZIL) Cryptocurrency Price Prediction, Forecast, and Technical Analysis — Oct 28th, 2021

What is Defi?

CRODO.IO Tokenomics Part 3

What Is Crypto? What Is Blockchain?

MXC DeFi Projects Have Been Listed on Major Three Exchanges, Causing Market’s Fomo

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DeNations

DeNations

More from Medium

bnbstaker.xyz — Earn upto 20% Daily on your Staked BNB Token

Copiosa The next Pancakeswap

2021’s biggest trends in your own language [Part II].

What Is Kryptview All About?