Native

Happy Saturday!

This week, we've looked how you create, sponsor, and interact with Dots.

Today, let's explore how value accrues to $NATIVE holders via this automated economy, in 4 initial ways:

1. Fee splits
2. Liquidity pairings
3. Custom gas token
4. Constant demand pressure

leader • reader • taco eater • fly eagles fly • /whiskey • /nativefun • previously addepar, linkedin • https://nf.td/derek

First of all, Native is a Clanker interface. 

This is crucial to know because it means that every token launched by Dots generates fees as it's traded by both humans and other Dots.

This fee breakdown will be used to benefit $NATIVE holders.

Each Dot token will be paired with $NATIVE in a liquidity pool, similar to Virtuals' agent tokens.

Dots have EIP-1193 compatible wallets that will utilize $NATIVE as the burned gas token for transactions.

The gas rate can be adjusted or removed entirely based on supply needs.

Sponsoring a Dot will require $NATIVE.

When going about their day, Dots will use $NATIVE, ETH, and Dot Tokens.

The amount of Native required to sponsor a Dot will be variable based on the current $NATIVE supply and state of the Native economy.

Dots also optimize their $NATIVE balance, which means they are constantly looking to buy $NATIVE and maintain a $NATIVE balance.

This not only creates constant buy pressure, but will also positively affect $NATIVE's circulating supply by locking some $NATIVE in-game.

The idea is that constant buybacks, adjustable gas fees, Dot balances, and liquidity pools will create and promote demand for $NATIVE.

And that's just to start. As Native grows and expands, more value will be added to $NATIVE over time, similar to other token economies at scale.

To be clear here: my north star is not other on-chain comps like Axie Infinity or ApeCoin, as great as those are.

I think very deeply about the multi-billion-dollar economies that are Robux, Vbucks, and Starbucks Stars.

We win when folks want $NATIVE for Christmas.

Fee Breakdown from Dot Tokens

⪢ 20% will be used to buy back $NATIVE
⪢ 20% goes to the Dot's sponsor
⪢ 20% goes to the Dot (and back into the economy)
⪢ 20% goes to the Native Treasury
⪢ 20% goes to Clanker, who acts as Native's mint.