✅Introduction
✔️dMarketplace is cutting-edge decentralized e-commerce platform that seamlesslyintegrates Web3 technologies, blockchain infrastructure, and artificial intelligence (AI) to revolutionize everyday transactions. By facilitating the exchange of on-chain digital assetsfor real-world products, dMarketplace promotes the widespread adoption ofcryptocurrencies for daily use. Our mission is to construct a robust e-commerce ecosystemthat enhances the utility of cryptocurrency ownership, incentivizes the exchange of goodsthrough digital currencies, and bridges the existing gap between the decentralized Web3
environment and traditional commerce.
dMarketplace Token ($DMP)
dMarketplace Token ($DMP) is the cornerstone of the dMarketplace ecosystem, serving as
the primary medium of exchange within the platform. It is the first cryptocurrency to offer a
comprehensive token cash-back system, akin to traditional credit card rewards to ensure
value appreciation and granting access to exclusive offers.
a) Overview
$DMP is engineered to facilitate seamless transactions within dMarketplace, incentivizing
both merchants and customers through various reward mechanisms. It’s designed to
seamlessly integrate with the platform’s decentralized and AI-driven e-commerce
framewo
rk, enhancing the overall user experience by ensuring efficient and secure
operations.
✅Key Feature
✔️Pay to Earn: Users earn a 2% Cash Back in $DMP for every purchase made on the
platform using $DMP, incentivizing continuous use and adoption of the token as apreferred payment method.
Special Offers: Holders of $DMP gain access to exclusive products, discounts, and
memberships, providing added value and perks within the dMarketplace ecosystem.
✔️ Security and Transparency: Leveraging the Ethereum blockchain, $DMP ensures
that all transactions are immutable and transparent. Smart contracts govern all
token-related operations, providing a secure and verifiable environment for
transactions.
✔️ Problems to Solve
dMarketplace addresses several critical challenges hindering the widespread adoption of
cryptocurrencies for everyday transactions:
✔️Limited Use of Cryptocurrencies
Despite their growing recognition, cryptocurrencies face limited acceptance for purchasing
goods outside the crypto ecosystem. The absence of tangible incentives for using digitalcurrencies over traditional fiat options restricts their utility and adoption.
✔️High Transaction Costs
Many existing platforms promote staking with attractive interest rates but offset these
benefits by imposing high transaction fees. These fees deter users from utilizing their tokensfor routine transactions, undermining the practicality of holding versus spending.
✔️ Market Volatility
The inherent volatility of cryptocurrency prices often shifts user focus towards speculativetrading rather than facilitating day-to-day purchases. This speculative behavior detractsfrom the utility of cryptocurrencies as stable mediums of exchange.
Initial Supply
✅Tokenomics
✔️Total Supply: The initial supply of $DMP is capped at 100 billion tokens.
✔️Stability Mechanism: The smart contract governance ensures a balanced token
economy by regulating emission rates, burn mechanisms, and reflection
distributions to maintain price stability and prevent market manipulation.
✔️Cashback:
Cashback Program: Users receive a 2% cashback in $DMP for every purchase madeon the platform using $DMP, directly credited to their accounts post-transaction,
✔️ Incentive: This cashback incentivizes the utilization of $DMP as the preferred
payment method, driving higher transaction volumes and fostering ecosystem
growth.
✔️ Transaction Fees and Token Buyback
Transaction Fees
✔️Merchant Charge Fee:
✔️ Rate: 6% fee on the amount received by merchants, applicable regardless of
the cryptocurrency used.
✔️Distribution:
✔️Payments in $DMP:
✔️2% allocated back to the user as a reward for using $DMP.
✔️4% invested in platform development.
✔️Payments in Other Cryptocurrencies:
✔️ Entire 6% directed towards platform development.
✔️Liquidity Pool Fees:
✔️ Buying: 5% fee on the purchase amount from the liquidity pool.
✔️Selling: 5% fee on the sale amount to the liquidity pool.
✔️Allocation: All fees are directed to the fee pool for subsequent distribution.
✔️Token Transfer Fees:
✔️Rate: There are no fees on $DMP transfer between users.
Token Buyback
To further support the value of $DMP and maintain a deflationary mechanism, dMarketplace
has instituted a Token Buyback Program. Under this program, 40% of the platform's revenue
generated from transaction fees will be allocated to purchasing back $DMP tokens from the
open market.
✔️Note: The allocation for the Token Buyback Program may be adjusted over time based onthe platform’s evolving economic conditions and growth.
Purpose of the Buyback Program:
✔️To reduce the circulating supply of $DMP, enhancing its scarcity and long-term value.
✔️To create upward price pressure, benefiting holders and incentivizing more users totransact using $DMP.
✔️To reinvest in the ecosystem, ensuring a continuous feedback loop of value creation
within the platform.
✅Platform Economy and Ecosystem
The dMarketplace economy is meticulously structured to incentivize participation, ensureliquidity, and sustain the platform's growth through strategic economic mechanisms.
✔️ Liquidity Pool
✔️ Liquidity Pools:
✔️Functionality: Liquidity pools facilitate the buying and selling of $DMP
tokens, ensuring seamless transactions and price stability.
✔️Yield Farming: Users can engage in yield farming by providing liquidity to
specific pools, earning additional rewards through farming contracts.
✔️Fee Distribution
✔️ Transaction Fee Allocation: Directed towards funding the ongoing development
and operational expenses of the dMarketplace platform.
✔️Smart Contract Governance: Smart contracts autonomously manage fee
distribution, ensuring transparent and accurate allocation of fees without manual
intervention.
✔️ Economic Sustainability: The fee distribution model is designed to support
platform growth and maintain token value stability, ensuring long-term economic sustainably.
