Many users complain about having joined the Axie Infinity and other gaming projects too late. However, as with everything in crypto, the next great opportunity is always around the corner — meet the DAOLand. DAOLand’s vision is to make it as easy as possible to catch the best projects early.

Introduction

DAOLand is a unique combination of a DAO (decentralized autonomous organization), a venture fund, and an incubator designed primarily for the NFT and GameFi industry. DAOLand members will get access to the most promising games and tokens well before anyone else thanks to its innovative Participate-to-Earn IGO (Initial Game Offering) platform. DAOLand brings togethers the most promising GameFi projects and early supporters — both players and token holders.

DAOLand operates on a dual token model, where one asset, DLD (BEP-20) is freely traded on exchanges and can be staked to obtain the second token, DLS. In turn, DLS acts as an entry ticket for GameFi opportunities on Binance Smart Chain and Ethereum blockchains via a special cross-chain bridge. Support for Avalanche is also planned.

Why now, GameFi and NFT?

In 2021, NFT Play2Earn games made a sensation in the crypto market. These games reward players with tokens for winning battles, completing challenges, and so forth; in addition, they feature non-fungible tokens (NFTs) that can be bought and sold on blockchain marketplaces. As characters, virtual land, and artifacts become tokenized as NFTs, they acquire value outside of the game — unlike traditional in-game items.

Axie Infinity has become the symbol of GameFi. In its seed round, the project raised $860k; the latest round brought in $150M in funding at an incredible valuation of $3 billion — on par with the world’s largest game studios. Meanwhile, the AXS token skyrocketed from $0.5 to $150 in 2021.

As Play2Earn developed into a major trend, the number of new projects holding IDOs and getting listed on exchanges every week rose quickly. It’s becoming harder and harder for players and crypto users to identify promising new opportunities before they become too expensive to join.

Why DAOLand will have high demand

This is the first reason why DAOLand’s services are sure to find a high demand: the Participate-to-Earn platform will be the go-to place to get early access to new Play2Earn games. Through IGOs (Initial Game Offerings), holders of DLD and DLS tokens will be able to join GameFi projects at exclusive terms — just like those lucky few who bought AXS at $0.5.

The second reason has to do with the fact that emerging GameFi projects require consulting and guidance. In particular, subpar tokenomics can damage a Play2Earn project’s prospects even if the rest (graphics, gameplay etc.) is executed very well.

DAOLand model and token insights

The main thing of DAOLand is a unique farming/mining model of DLS tickets. We are different from other IDO/IGO platforms at least because we won’t create pump&dump waves for native tokens. Users have to stake DLD continuously to be able to participate in IGO deals.

There is a good reason to have a separate DLS token that serves as an early access key to Play2Earn games. As we’ve said, DLD (a BEP-20 asset) will be freely traded on DEX exchanges running on Binance Smart Chain, so anyone will be able to purchase any amount. If DLD also functioned as an access ticket, players with large budgets (‘whales’) would stock up on thousands of DLD and monopolize all the GameFi deals with minimal effort, leaving no space for smaller players. Instead of a DAO of blockchain gaming fans, DAOLand would turn into a whale club where the majority of users have little hope of getting their hands on tokens.

Instead, DAOLand takes a more democratic path, making users work to get the coveted DLS tickets. DLS will not be traded on any exchange, but distributed as rewards for staking DLD.

The main objective of staking DLD is to get rewards in DLS, which give access to investment opportunities. Staking will be organized in epochs, each lasting approximately 7 days (a certain number of blockchain blocks), with a limited number of DLS allocated for each. Every 17 epochs (approximately 119 days or roughly 4 months), a halving will take place: the number of DLS distributed each epochs will be cut in half. The DLS will be burned in the after use.

During the first cycle of 17 epochs, 1000 $DLS will be distributed every epoch (every week); in the second cycle, it will go down to 500 $DLS a week, and so forth.

Each user’s reward depends on their share in the staking pool: as more users join, every holder’s individual share goes down, and so does the reward. Also, If a user only gets DLS rewards in case they have been staking DLD from the start of the epoch. So, for instance, if Epoch 23 starts on Monday and Bob joins on Thursday, he will only start earning DLS starting from Epoch 24.

We should note that, while one won’t be able to buy DLS on an exchange, nothing technically prevents users from selling them to each other privately. It’s a regular Ethereum/Binance Smart Chain token that can be sent from one wallet to another, as long as the buyer and seller are willing to accept the risks of such a transaction. Users can also bridge DLS from BSC to Ethereum and back. In the near future, the team als plans to add a bridge to the Avalanche network.

Conclusion

It’s just the beginning. DAOLAnd team is preparing for community a lot of incredible things. Meantime subscribe to our socials: Telegram, Twitter and check out our website!

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