DNAxCAT Token

DNAxCAT is a blockchain-based online gaming platform. According to the website, DNAxCAT provides users with a virtual adventure world. In this digital space, DNAxCAT users can breed and raise a variety of virtual cats to play the game. Players can obtain rewards through a play-to-earn model on the DNAxCAT platform.

Users can transfer their in-game characters and NFTs into tokens in order to interact with other players. The in-game NFTs can also be used by the players for staking activities within the DNAxCAT ecosystem. DNAxCAT is a decentralized economy where ownership is decided and controlled by the community and players on top of being an interactive gaming platform. Users can assist in the mining process of the platform by staking their non-fungible tokens (NFTs). These staked NFTs can also be traded in the market by users.

The DNAxCAT token (DXCT) is the governance token of the DNAxCAT metaverse. The asset is also considered to be the backbone that fuels the activities of the DNAxCAT platform. Users can exercise their governance rights to manage the decentralized network by employing the DXCT token. Some percentage of the revenue generated by the game is used to assist with token resupply. This mechanism ensures that the DXCT remains a deflationary token. Deflationary tokens are the tokens that decrease in supply with time.

The total supply of DXCT tokens is 100 million DXCTs. Of that amount 20% is reserved for the development team, and 15% is available for marketing. The rest of the supply is allocated to NFT mining (10%), the partners (10%), the ecological fund (20%), and private sales (5%).