Review DAOLAND ($DLD) and ($DLS) – Welcome to the newest fascinating DAO in 2021
Recent years, Gamefi projects have increased in number and popularity in the crypto world. The concept of play-to-earn is a merger of blockchain gaming and finance. Users can earn a variety of tokens for completing various game tasks. The most well-known example is Axie Infinity, which reached a market cap of $3 billion and saw the value of its AXS token increase from $0.50 to $150 in just nine months. The Sandbox, CryptoBlades, Forest Knight, Alien Worlds, and My Neighbor Alice are all prominent Play2Earn projects.
What is DAOLand?
DAOLand is a premium Multichain Launchpad and Fullstack Incubator for GameFi, Metaverse and NFT projects. The project is a one-of-a-kind collaboration of a decentralized autonomous organization (DAO), a venture capital fund, and an incubator focused on the NFT and GameFi industries. Through its novel Participate-to-Earn IGO (Initial Game Offering) platform, DAOLand users will gain early access to the most promising games and tokens. It also connects the most exciting GameFi projects with their early backers — both players and token holders.
DAOLand runs on a dual token structure, with one asset, DLD (BEP-20), openly traded on exchanges and redeemable for the second token, DLS. On the other hand, DLS serves as an admission ticket to GameFi chances on the Binance Smart Chain and Ethereum blockchains via a custom cross-chain bridge. Avalanche support is also promised in the future.
Outstanding Features
What is the project trying to achieve?
DAOLand aims to bring together the most promising GameFi projects and early backers – both gamers and token holders. The administration negotiates exclusive arrangements with NET and GameFi businesses, while DAO members provide liquidity and participate in IGOs. During the second implementation phase, users will vote on which projects to deploy. Apart from funding for game creation, GameFi projects will have access to incubation services such as consultancy, tokenomics development, marketing, and community building.
What is the unique selling point?
User-friendly features like token exchanges, lending, and staking add to DaoLand’s appeal. Project’s services will be in high demand as hundreds of new NET and GameFi seek funding every month.
Stage by step incubation in DaoLand
At its core, DaoLand is an innovative mechanism designed to make future community fund management easier.
ApplicationÂ
While DaoLand will prioritize NFT and GameFi projects, other types of blockchain startups – such as interoperability protocols, oracles, and NFT initiatives – are also welcome to apply. The following elements will be included in an application:
- A fully filled form, detailing the project’s vision, product description, gameplay, use of NFT, current stage and traction, company registration, etc.;Â
- Pitch deck (essential);Â
- Light Paper, White Paper, or both (preferable);Â
- Game artwork samples;Â
- Information about the team, founders, and advisors;Â
- Tokenomics (essential) and financial model (preferable);Â
- Security audit report (preferable);Â
- Legal opinion;Â
- IGO offer (the amount of liquidity required and the token allocation the project is prepared to offer in return);Â
- Contacts, official website, and social media pages.Â
SelectionÂ
The selecting process will become more decentralized as DaoLand expands. The ultimate goal is for the community to make funding decisions, but this can only happen once the community is large enough and the community due diligence process is developed. Each stage lasts 9 months, with a 3-5 month transition time.
Stage 1: selection and approval by the mini-DAOÂ
The mini-DAO will be comprised of DaoLand’s management, advisers, and collaborators, as well as a select number of key DLD token holders. This expert panel will review applications and make selections following requirements:
- It must have a great idea, be distinct from other Play2Earn games, and have attractive gameplay.
- True figures, thoughtful rewards, and a clear monetization structure;
- The pitch deck, game artwork, and website all demonstrate this ability.
- In terms of technology, a fair deal of the art and graphics should be ready.
- IGO token price should not exceed 70% of the public listing price.
Projects approved by at least 75% of the selection board are notified and the community is invited to review them within 1 week. A project’s acceptance into incubation is not decided during Stage 1, but community input is welcome. A community member can overturn a board decision if they discover a flaw in the project. After the review, the board will negotiate the final IGO terms with the project: token allocation and price, round duration, minimum and maximum ticket numbers (see ‘IGO terms’), and accepted payment methods. The results are released to the community 1 week before the round.
Stage 2: mini-DAO selection
However, the administration board will still conduct a thorough review of all submitted applications. Depending on the quantity of various factors, each project will receive a rating from 0 to 100 (team, code, gameplay, NETS, value for the ecosystem, etc.). The team will discard startups scoring less than 50 points and prepare a detailed report for the others. Followed by a week-long review of the project’s documents (pitch deck, White Paper, game art). Incubation will be decided by DLD holders (including DaoLand administration) (see Voting Procedure). If the project is approved, the community will delegate the team to finalize the deal.
Stage 3: Community approval
Between stages 2 and 3, the team will train the community in due diligence. Once the project evaluation protocol is established, DLD holders will be able to select applications. Project documents will be automatically made available for community review, and users can write their own articles or comment on others’. It’s regular that there would be some confusion at first, but the team will help users submit and discuss reviews. Averaging 50 points or higher is required to be eligible for voting. The mini-DAO will continue to negotiate funding terms.
IGO roundÂ
The IGO round can last from one to three weeks. The maximum number of allocation slots is limited, so it’s to everyone’s greatest advantage to join as soon as possible. Most users will be accepted on a first-come, first-served basis, though whitelisting or an auction may be used in some cases (see ‘Incubation terms’). On top of that, the user must submit DLS tokens, which act as early entry tickets into the game. The DLS will be burned in exchange for a token allocation equal to the amount supplied. The entire process is controlled by a smart contract on the blockchain.
Transfer of liquidity and project tokensÂ
The funds are transferred to the project, which then transfers the agreed-upon number of tokens to DaoLand. A project’s token is usually listed on a cryptocurrency exchange shortly before this. Whenever possible, smart contracts will replace manual transactions. The tokens are then allocated to the IGO participants. So, for example, players might get 30% of their individual allocation immediately, 30% a month later, and the rest 2 months later. The incubation summary page will state these conditions.
Game access terms and ticketsÂ
Play2Earn game ‘Penguin Battle’ needs $100k for development, NFT design, and pre-launch marketing. It’s willing to exchange $100K worth of its tokens for this liquidity from DaoLand. Accordingly, the early-bird allocation is split into 100 lots of $1,000 each. It accepts USDT and BUSD. A maximum of 10 lots per individual is allowed. It’s not possible to supply $2,500 because the lot size is $1000. (though some rounds will allow lots of various sizes since the DLS token itself is divisible). Initially, Bob submits 5 DLS tokens (5 lots) and $5,000 USDT. Alice has one DLS and $1,000 BUSD. Mary follows, submitting 10 DLS and sending $10k USDT in one go. Tokens are burned in every case. The IGO continues until 100 DLS tickets and $100k are provided.Â
Another example, Project B allocates $200k but wants every user to provide at least $5,000, so the round is split into just 40 investment lots, but without a limitation on how many tickets each future player is allowed to use. As a result, four GameFi ‘whales’, Bob, Alice, Mary, and Frank, arrive just at the beginning, submit $50,000 each, and close the round before anybody else can get in. Other formats besides first-come, first-served can be used, such as:
- White list: Applicant must provide information such as their country of residence (if the project intends to exclude players from particular areas for compliance reasons). The first to apply for the white list does not ensure acceptance, since the project and DaoLand team will make the ultimate selection.
- Auction: The minimum lot size is known. However, DAO members can compete for the lots. This strategy can be employed for appealing projects in the futureÂ
Governance and votingÂ
While DLS tokens provide early access to DaoLand-incubated games, DLD is the governance and staking token (see ‘DLD and DLS tokens’). It will be free on exchanges and during private and seed rounds. DaoLand’s governance is similar to popular tokens like COMP, AAVE, and AXS, except that users vote on NFT and GameFi opportunities rather than protocol modifications. Expansion to Binance Smart Chain (BSC) DLD is a BEP20 asset running on BSC, while DLS runs on both BSC and Ethereum and moves between the two networks via a cross-chain bridge.
Roadmap
Technical Data
Key metrics
There are 2 tokens that can be used in DAOLand: $DLD and $DLS.
- DLD Token is the main token of Daoland that will be freely traded on DEX exchanges running on Binance Smart Chain.
- DLS Token is used to be an early access key to Play2Earn games and has no limit on the number of tokens, but the tokens are burned after use
Main Token – $DLD
- Token name: DAOLand Diamond
- Ticker: DLD
- Blockchain: Binance Smart Chain
- Token Standard: BEP-20
- Token type: Utility, Governance
- Smart Contract: Updating
- Total Supply: 100,000,000 DLD
Game access ticket – $DLS
- Token Name: DAOLand Share
- Ticker: DLS
- Blockchain: Binance Smart Chain, Ethereum, Polygon, Avalanche;
- Token type: BEP-20, ERC20
- Total Supply: Unlimited
Token AllocationÂ
The total of $DLD will be allocated into the following categories:
Token Sale
Coincu will update you soon as there is formal information regarding the project.
Token Rease Schedule
Round | Percent | Details |
Incentives | 31,65% | 4 years unlock schedule (linear) |
Reverse | 14% | 12-month lock, then linear unlock each month during next 18 months |
Team | 10% | 12-month lock, then linear unlock each month during next 18 months |
Advisors | 3% | 6-month lock, then linear unlock each month during next 12 months |
Liquidity & Rewards | 7% | Some amount will be used for liquidity, rest – linear unlock 12 months |
Seed round | 8,75% | 12% at TGE, 30-day lock-up, then daily unlock during next 12 months |
Private round | 7,7% | 10% at TGE, 30-day lock-up, then daily unlock during next 9 months |
IDO rounds | 1,8% | 20% at TGE, then linear unlock during next 3 months |
Marketing & Operations | 16% | 5% unlocked at TGE, then linear unlock during next 18 months |
Community round | 0,1% | 100% at TGE |
Token Use Case
DLD Token
There may not be many use cases, but their relevance cannot be overstated
- Governance: . Neither GameFi nor NFT project will do IGO (Initial Game Offering) on DAOLand without governance. A DLD holder can also vote for his preferred project in a large listing procedure.
- Staking: $DLD staking with receiving $DLS
DLS Token
- IGO deals: $DLS holders will receive access to DAOLand’s IGO deals
How to own the token
- Trading DLD tokens on Exchanges
- Receiving $DLS when staking DLD throughout Mining/Farming mechanism
Market and CommunityÂ
Markets
Play2Earn games made waves in the crypto sector in 2021. These games offer non-fungible tokens (NFTs) that can be bought and sold on blockchain marketplaces. Characters, virtual territory, and artifacts that are tokenized as NFTs gain value outside of the game. Importantly, GameFi is unrelated to gambling (sometimes also called iGaming). They resemble trading card games like Might and Magic or sports cards. CryptoKitties was the first GameFi project to gain global renown, where people acquire blockchain cats (in the form of NFTs), breed them, and sell them on marketplaces.
Axie Infinity is also the GameFi symbol. The project raised $860k in its seed round, and now has $150M in funding at a $3 billion valuation, matching the world’s largest game studios. In 2021, the AXS token rose from $0.5 to $150. However, AXS is not the only profitable Game Fi token; SAND rose from $0.04 to $1, and TLM (Alien Worlds) rose from $1.6 to $6.8. In each situation, many users felt left behind and marginalized. Not buying AXS and other GameFi tokens early enough meant missing out on tremendous bull runs and play-to-earn gaming chances. For example, while Axie Infinity’s SLP (Smooth Love Potion) token remained above $0.15, elite Axie players earned $400 or more every day just playing the game. As Play2Earn became a significant trend, new projects holding IDOs and getting listed on exchanges surged.
Therefore, it’s becoming harder and harder for players and crypto users to identify promising new opportunities before they become too expensive to join.
Community
Backer
Teams
Investors & Partners
Alternative Project
DAOMaker
DAO Maker is a safe, retail-focused start-up funding platform. This allows numerous individual investors and retail investors to participate in venture capital after its introduction. DAO Maker is now available on several cryptocurrency exchanges. If you want coins instead of Ethereum, you can buy them at any exchanges. This project provides business growth tools and funding structures while reducing investor risk. Anonymous projects wishing to perform an IDO and reach as many users as possible can use this option. 1inch, Ronin, WalletConnect and Wanchain are among the platforms that DAO Maker supports.
BSCPad
The BSCPad platform allows cryptocurrency projects to raise funds and distribute tokens. It’s a decentralized launch platform. BSCPad intends to be the next generation of blockchain launchpads that tackle staking. Obtaining enough tokens to participate in the ecosystem is costly, and even if you bet the tokens, the allocation spot is never guaranteed. Traders of all sizes can invest in the top forthcoming Binance Smart Chain initiatives. The BSCPad’s two-round mechanism ensures that every tier level gets allocated. A unique strategy from ideation to execution is provided through their market-leading advising, investment, development and influencer marketing services. BSCPad works with small and medium businesses, enterprises, freelancers, non-profits, and the government.
Conclusion
Based on the facts that Coincu has updated above, it is apparent that Daoland is an aggregator platform of projects where holders have administrative rights to analyze criteria and make judgments. According to Coincu, this is definitely a prominent area for Cryptocurrency current players because they can swiftly update possible initiatives in the upcoming. In addition, the project also clearly explains the difference and purpose of using the two Tokens ($DLD & $DLS). Therefore, individuals can monitor more updated project details in the near future and invest an acceptable amount of risk-free capital to acquire $DLD when it is opened to the public.
Find more information about the project:
- Website: https://daoland.io/
- Telegram Group: https://t.me/daoland
- Twitter: https://twitter.com/daoland_io
- Reddit: https://www.reddit.com/r/DaoLand/Â
- Medium: https://blog.daoland.io/
If you have any questions, suggestions, or ideas about the projects, please email ventures@coincu.com.
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Harry
Coincu Ventures