We are excited to introduce Polka.Domain’s native token NAME.
The NAME token serves as a utility token facilitating payments and governance inside the Polka.Domain ecosystem. A detailed flowchart of the Polka.Domain ecosystem and token mechanics can be found below:
Token Mechanics Summary:
- NAME token can be obtained by Domain Mining which will be explained in detail in the upcoming days
- Domain registration fees will be paid in NAME, renewal fees will be paid in NAME.
- Domain auctions
- Domain exchange fees
- NFT and domain name marketplace fees will be taken in NAME
- NAME staking: Stakers with larger amounts of NAME staked for longer periods of time get access to exclusive domain names first.
Token Metrics Summary:
Maximum supply: 10,000,000 NAME
Total amount to raise: $450,000
Initial market-cap on launch: $150,000
Strategic Round: $400,000 to be raised
Public Round: $50,000 to be raised. More information on Public Round will be published in the upcoming days.
Token distribution is as follows: