Categories
Ethereum Governance

What is the GTC token used for?

GTC token is

GTC is the governance token of Gitcoin.

GTC token is used for

How could value accrue to the token?

  • No specific fees, staking or locking yet.

What is Gitcoin?

Gitcoin is a platform to fund open source development using quadratic funding.

How Gitcoin works

Quadratic funding

Individuals fund projects and creators in quarterly round on Gitcoin. Larger pools of capital match contributions made by individual contributors.

  • Grant 1 gets $100 from 1 funder.
  • Grant 2 gets $100 from 10 funders.
  • Grant 1 gets $10 in matching, Grant 2 gets $190 in matching.

Read more here.

Gitcoin DAO

GTC is launched to further decentralize Gitcoin with a DAO. Tokens are retroactively airdropped to contributors, kept in the DAO for future contributors and given to current stakeholders.

Governance

  • Decentralize grants
  • Manage disputes
  • Govern the treasury.

Read more in forum post.

Token Isssuance

Total supply: 100 000 000

Token issuance

  • 15% – Retroactive Airdrop
  • 50% – Gitcoin DAO
  • 35% – Existing Stakeholders

Docs

GTC token price

Categories
DeFi DEX Ethereum Governance

What the Sushiswap token (SUSHI) is used for

SUSHI token


SUSHI is the governance and utility token of Sushiswap.

SUSHI token is used for


What is Sushiswap?


A decentralized exchange and fork of Uniswap protocol.

How Sushiswap works


On Sushiswap users can

  • Swap tokens
  • Provide liquidity and earn trading fees + Sushi.
  • Stake Sushi for xSushi

Upcoming use-cases

  • Limit orders
  • Lending
  • Cross-chain
  • Options
  • Gasless transactions
  • Franchised pools
  • and more.

Read more here and here.

80 SUSHI is created per Ethereum block.

  • 10% to Multisig-controlled devfund.
  • 90% Yield farm

Governance

Liquidity providers on Sushiswap

Earn

  • Provide liquidity into a pool and earn SUSHI.
  • Earn trading fees in the pool.

Of the 0.3% trading fees:

  • 0.25% goes to the provider and
  • 0.05% is used to buy SUSHI tokens and is shared between xSushi holders.

More in this post.

SUSHI tokenomics


Max supply: 250 000 000

Ethereum blocks per day: ~5500

Original issuance when the project launched

  • 100 000 blocks x 1000 SUSHI = 100 000 000 SUSHI
  • 100 000 / 5500 = 18,18
  • The first ~18 days.
  • 100 000 000 SUSHI
  • Then per day
  • 5500 x 100 = 55000 SUSHI / day

Docs


What’s the story?


  • DeFi Hype
  • Uniswap with extra incentive mechanisms
  • Value add for LPs on the protocol
  • Fair token launch

Similar projects


SUSHI price


Categories
DeFi Ethereum Governance

YFI token (yearn.finance) explained

What is yearn.finance?


A simple interface for automating DeFi transactions.

Yearn aggregates and connects to different lending platforms and finds the best yields and rates for the user.

Yearn services can

  • Rebalance for highest yield
  • Bundle transactions and lower fees
  • Farm and sell tokens on DEX

YFI token is used for


How YFI Token works


YFI is the governance token for yearn.finance. When launched it could only be earned through using the platform.

At ygov.finance you can stake and vote on proposals.

Configurable Voting rules

  • Minimum quorum required (>33%) to propose a change.
  • Veto rights (>25%).
  • agreement thresholds (>50%) required to pass a vote and update a change.

How yearn.finance works


You go to the interface, deposit stable coins and earn interest.

When you deposit your token is wrapped and returned as a yToken until you withdraw.

Yearn services

Earn

Earn interest.

Zap

Get into a complicated DeFi position in 1 transaction.

APR

Compare rates.

Vaults

  • Provided liquidity.
  • Use liquidity as collateral
  • Manage collateral.
  • Borrow stablecoins
  • Farm.
  • Sell gains.

Lending platforms yearn uses

Components managed by YFI governance

  • Governance
  • Fees
  • Incentives
  • Pools
  • Protocol

Docs


Docs

Token issuance


Max supply: 30 000

Subject to change through governance.

Competition


YFI price


Categories
DAO Ethereum Governance

How the district0x (DNT) token works

What is district0x?


District0x is a network of marketplaces and communities (districts).

DNT token is


The governance and utility token for district0x.

DNT token is used for


  • Staking
  • Voting
  • Creating a district

How DNT works


DNT gives you

  • Network wide governance
  • District-specific voting rights

Network governance

DNT holders can vote for which districts they would like the district0x team to build and deploy next to the district0x Network. And vote on other proposals for the network.

District governance

DNT can be staked for voting rights in corresponding Aragon entities. The amount of DNT required for 1 voting right increases as a district’s deposit pool grows.

How district0x works


Districts exist as decentralized autonomous organizations on the district0x Network. All districts will be built on d0xINFRA, comprised of Ethereum smart contracts and front-end libraries.

The creation of a district triggers the creation of a corresponding DAO on the Aragon Network. Currently 10 000 DNT is needed.

DNT holders can stake their tokens for voting rights in their Aragon entities.

A district gives you

  • Network effects – new districts are visible to the entire district0x community, including users of other districts, accelerating adoption and growth
  • Bonding curves – creators have powerful cryptographic governance incentives at their disposal to drive early contribution
  • Aragon Integration – creating districts automatically generates corresponding Aragon entities, where a range of enhanced governance features are enabled (Read more here)
  • Ancillary services – additional capabilities like escrow will be provided for all participating districts

More here.

Docs


Docs

Whitepaper

DNT Token issuance


Total supply: 1,000,000,000 district0x Network Tokens.

● 600,000,000 – Participants in Contribution Period v0.1
● 140,000,000 – Reserved for potential Contribution Period v0.2
● 40,000,000 – Reserved for potential Contribution Period v0.3
● 200,000,000 – Founders (vested 2 years)
● 15,000,000 – Advisors (vested 2 years)
● 5,000,000 = Early Contributors (vested over 6 months)

What’s the story?


  • Connected DAOs
  • Frontends for web3 markets

Similar projects


district0x price


Categories
DEX Ethereum Governance

What the ZRX token is used for

What is 0x?


0x is an open protocol for peer-to-peer exchange of ERC-20 tokens on the Ethereum blockchain.

ZRX is used for


  • Staking
  • Trading fees
  • Governance

ZRX token


Token holders stake their ZRX

  • And earn liquidity rewards through market making and participating in governance over the protocol.
  • One Staked ZRX equals one vote.
  • Governance over the protocol is conducted by voting on ZEIPs (ZeroEx Improvement Proposals).

How 0x works


The 0x DEX is a set of smart contracts.

It uses a automated market maker and state channels for an off-chain order book with on-chain settlement.

0x transactions consists of 3 parties

  • Makers – Submit trades
  • Relayers – Manages the off-chain order book
  • Takers – Fulfills trades via DEX smart contract

Trades are merely signed messages until they are transmitted on-chain by Takers.

A transaction on 0x


  • User X choses to trade between token A and Token B.
  • User X sets acceptable price and signs the transaction with their private key.
  • User X broadcasts the transaction.
  • User Y who holds Token B accepts the trade.
  • User Y sends the transaction to the DEX.
  • If price and messages are valid the DEX updates balances of user x and y for the tokens.

Docs


Docs

ZRX Token issuance


Total supply: 1,000,000,000 ZRX

What’s the story?


  • Off-chain DEX

Competition


0x price


Categories
Ethereum Governance

What is DONUT token used for?

DONUT token is


Donut is the dedicated token for the r/ethtrader subreddit.

It’s a governance and utility ERC-20 Token. Governance is run through Aragon.

It’s one of the early experiments of connecting a token with a subreddit.

DONUT is used for


Why would value accrue to DONUT?


  • Cashflow from advertising in the subreddit.
  • Cashflow from buying perks in the subreddit.

An extensive article can be found here.

Potential Value generation

  • Meme factor
  • Has an audience
  • Many people get a bag for free.

Buying banner space


  • The advertiser chooses a price to pay for the day.
  • The advertiser pays the same amount in tax per day.
  • Anyone can outbid the advertiser to take the banner.

Read more here.

Token issuance


100 000 000 was the starting issuance distributed in relation to accumulated karma in the subreddit.

The total supply of Donut is 96,290,129.64246527 and inflating 2M per week.

  • 85 % contributors
  • 10 % community fund
  • 5 % Moderators

DONUT price


Categories
DeFi Ethereum Governance

What is the CRV token used for?

What is CRV?


CRV is the governance token for Curve.

CRV is used for


What is Curve?


Curve is a decentralized exchange for stablecoins made up of liquidity pools.

CRV Tokenomics


The Curve DAO is a fork of Aragon voting with a couple of added features like time-weighted voting.

You earn CRV by providing liquidity to any of the pools on Curve.

Voting

To incentivize participating in governance users balance locked in LiquidityGauge (pool) will be boosted by tokens locked in VotingEscrow depending on their vote weight.

More abut how it works here or on github.

CRV Issuance


The total supply of 3.03 billion:

  • 62% to liquidity providers
  • 30% to shareholders (team and investors) with 2-4 years vesting
  • 3% to employees with 2 years vesting
  • 5% to the community reserve

The initial supply of around 1.3 billion (~43%):

  • 5% to pre-liquidity providers with 1 year vesting
  • 30% to shareholders (team and investors) with 2-4 years vesting
  • 3% to employees with 2 years vesting
  • 5% to the community reserve

More on this here.

Whitepaper / Github


Curve Whitepaper

DAO Aragon fork

Curve Github

Explanation video


Similar projects


Token price


Categories
DEX Governance Hyperledger Iroha

What is the XOR token used for?

What is XOR token?


The XOR token will be the base token for all other tokens in the Sora Decentralized Autonomous Economy.

It will use an Automated market maker with a bonding curve to create an entire economy based on tokens, while simultaneously funding the network DAO.

XOR token is used for


Why would value accrue to the token?


  • It’s used to govern the SORA network.
  • Stake for validation and earn STK.
  • Vote on funding proposals that will better the entire economy.
  • Earn more tokens by voteing and inviting more participants.

What is Sora Network?


SORA network aims to be a DAE (decentralized autonomous economy).

SORA uses Hyperledger Iroha v2. A consensus mechanism and DLT made for interoperability.

Sora v2 tokens


At SORA v2 launch token holders will be airdropped XOR on the SORA mainnet and STK both at 1:1 to the ERC-20

  • XOR tokens for staking
  • STK as rewards for stakers.

Read more here

Hyperledger Iroha


Similarly to Polkadot it is a framework for creating blockchains and connecting blockchains together.

Docs


Iroha

Paper

Explanation videos


Total Supply


The total supply of is 343,668.47 tokens but will be 350 000 on mainnet.

Read more about the token here.

XOR Token price