DTEK is the DAOTEK blockchain collateralized payment coin. It is not intended to trade at a premium. Its primary function is to pay for transaction processing; however, it also serves as a medium of exchange within the DAOTEK ecosystem as well as with external crypto and non-crypto economies.
DTEK is designed to keep the DAOTEK DAO economy stable and isolated from volatility in both the crypto world and centralized economies. It's a global, asset-backed medium of exchange that provides assurance for DAO founders, their members, stakers, and infrastructure developers, by eliminating cryptocurrency and fiat volatility and ensuring predictable operational costs and returns on the DAOTEK blockchain.
Eliminating extreme volatility in the medium of exchange is essential. Many transactions, such as wages, taxes, physical asset purchases (furniture, office equipment), and so on—the basic requirements of operating in the real world—still need to be performed using fiat currency.
A medium of exchange within the DAO should be pegged to both crypto and fiat currencies and across the key geographic locations and blockchains in which DAOs operate and trade with.
Assets backing the value of DTEK will be spread across multiple cryptocurrencies and fiat currencies, pegging DTEK to a basket of liquid assets. DTEK will be exchangeable through the DAOTEK DEX without delay.
· Assets in the DTEK vault will be algorithmically adjusted in real-time to create a balanced asset spread as DTEK is bought and assets flow into the vault.
· The algorithm will also adjust asset spread in the vault as DTEK is sold back to the vault (in exchange for vault assets) on the DAOTEK DEX.
This measure is designed to limit the effect on the value of DTEK as one or more assets in the vault fluctuate in value. Assets in the DTEK vault cannot be used for any purpose other than the exchange of DTEK (which, again, takes the DTEK out of circulation).
DAOTEK can guarantee the exchangeability of DTEK without delay, as all forms of assets will be liquid. Thus DTEK differs from most other stablecoins. While the DTEK vault account will always have all assets fully liquid and available for immediate exchange, other stablecoins are not as liquid.
With DTEK, DAOTEK DAOs can operate no matter what transpires in the decentralized world…or the centralized world for that matter.
DAOTEK is creating a self-sustaining economy for DAOs to operate in, one that can trade within its own DAO eco-system, between DAOs, within the DAOTEK ecosystem, with organizations and individuals external to the crypto world, as well as in the traditional non-blockchain global economy.
DTEK is DOATEK’s native utility token. Its primary function is to pay for transaction processing; however, it also serves as a medium of exchange within the DAOTEK ecosystem as well as with external crypto and non-crypto economies.
DAOTEKERS (DAO founders and users) use DTEK to…
· Pay for transactions within their DAOs
· Trade with their members
· Trade with other DAOs
· Trade with other crypto economies
· Trade with real-world companies and individuals
· Acquire templates and toolsets (DAO-management software)
· Pay for services and products from DAOTEK and DAOTEK developers
· Sell services and products
DAOTEK Infrastructure Providers & Developers use DTEK to…
· Sell products and services to DAOs[PK1]
In addition:
· Stakers get paid in DTEK in return for operating nodes
· The DAOTEK DAO earns a percentage of the nodes’ transaction fees
· DAOTEKco earns a percentage of the nodes’ transaction fees
Copyright © 2022 DAOTEK.io - All Rights Reserved.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.