DeNations Renewal & Lump-Sum DENA Distribution
Hello DeNations users!
We plan to make lump-sum (paid all at one time) DENA distributions to all Nation Ownership NFT holders and liquidity pool participants because we have heard that the MetaCode Wallet (ChainBridge Wallet) plans to end the service in November 2023. We understand that the DENA originally had a 4-year distribution schedule until the end of 2024. We want to keep promises and policies for our users. The DENA rewards to be distributed by the end of 2024 will be paid in a lump sum to all holders and stakers.
Despite the termination of the MetaCode Wallet, the DeNations project will continue through a renewal. DeNations will be restructured on the foundation of the widely recognized and extensively used MetaMask Wallet. Additionally, there will be a subsequent renewal of the official website, along with changes in features related to the DENA token and MetaMask.
Please check below for upcoming changes:
1. Tax Farming
Taxes to be distributed by 2024 will be paid in a lump sum to all users based on their Nation Ownership NFT holdings. If you haven’t claimed taxes for a long period, please claim and collect the taxes at the DeNations Dashboard (https://play.denations.com/tax-farming) before October 10th.
Nation Ownership NFT holder snapshot: 03:00 am (UTC), September 25th, 2023
2. Liquidity Pool
DENA staking feature is unavailable from September 25th. DENA rewards to be distributed by the end of 2024 will be distributed in a lump sum to all participants based on their staking balance.
Liquidity pool snapshot: 03:00 am (UTC), September 25th, 2023
3. Art Farming
Payouts from art farming should have ended on December 16th, 2022. However, we have compensated 9 more payouts to Art NFT holders for gratitude. The 45th art farming payouts were the last payout.
4. DNFT exchanges
We will maintain the exchange service of DNFT and Nation Ownership NFT, but farming DNFT from staking will be unavailable from October 7th, 2023.
5. Marketplace
The marketplace will remain in place. We are planning to add WBTC as a new payment method.
6. Land Map & Resource Mining
The land map and resource mining feature will remain in place.
Lump-sum DENA Distribution & Claim Schedule
9/27: The lump-sum (paid all at one time) distribution of DENA rewards from the tax farming and liquidity pool staking will start on September 27th. The distribution will be completed within 7 business days. The rewards will be polygon DENA, so please switch to polygon network to check the balance.
9/27 ~ 10/10: If you are a nation ownership NFT holder, please claim DENA during this period. you can claim your DENA at DeNations Dashboard (https://play.denations.com/tax-farming). The Dashboard will close down after October 10th. Once you have claimed DENA, please withdraw them immediately. We are expecting the service termination of MetaCode Wallet in November. You will not be able to withdraw your DENA once the wallet service ends.
What’s Coming Up?
DeNations is currently getting ready for an upgrade that will connect with the actual stock markets of countries around the world. DeNations is on the path to becoming an even more exciting service. We will share more details as we progress with the upgrade.
