$DUBBZ Token

Tokenomics

Token Ticker: DUBBZ

Base Contract Address: 0x38029C62DfA30D9FD3CaDf4C64e9b2ab21DbDa17

Market: Buy on Uniswap

Token Supply and Distribution

We launched with a fully self-funded ($1M+) development model, avoiding external financing rounds to maintain project integrity and ensure equal opportunities for all investors.

  • Total Supply: 10,000,000 DUBBZ

  • Network: Base

  • Team Allocation: 15% vested, now fully distributed

  • Centralized Exchange Listings: Planned to facilitate broader access and trading.

Transaction Taxes

  • Buy Tax: 0%

  • Sell Tax: 4% (funds platform development, maintenance, expansion, and marketing efforts)

Migration to Base

In July 2024, we migrated our entire web3 backend from Ethereum to Base, a secure, low-cost Ethereum layer-2 solution developed by Coinbase. Base leverages Ethereum's security while providing faster and cheaper transactions for DeFi, gaming, and NFTs. Base is now the primary network for $DUBBZ, but we retain the option to go multichain in the future.

Airdrops and Rewards

All $DUBBZ holders on Ethereum received a 1:1 airdrop of their tokens on Base. This means that if you currently hold $DUBBZ on Ethereum, you received an equivalent amount of $DUBBZ on Base at no additional cost.

To thank our early holders, we added 10% to the revenue share funds to be distributed. These holder rewards are claimable in USDC on Ethereum from holders' account pages, ensuring that all previous commitments are honored during the transition to Base.

We will also conduct raffle airdrops, leaderboard gamification, and giveaways on Discord, Telegram, and Twitter to promote engagement and token adoption.

Fees, Buybacks, and Burns

To help stabilize and increase the value of $DUBBZ, there will be a token buyback and burn mechanism funded by up to 20% of our revenue (i.e., from wager fees, Dubbz Hub trading fees, and all future platform revenue). This strategy is part of our broader approach to generate consistent revenue streams while ensuring the sustainability of the Dubbz ecosystem.

Token Utility Roadmap

Users can initially wager in crypto using USDC on Base. Soon, $DUBBZ will also be an option for wagering with no fees. This change aims to enhance the user experience and expand the utility of the $DUBBZ token.

Holding $DUBBZ also provides platform users with some amazing benefits. Holders will receive a up to 2% cashback on wagers and up to 30% multiplier on a new quest and points reward system.

Bronze

  • Must hold $DUBBZ value of at least $1 USD

  • 10% more points per quest completion

  • No cashback on wagers

Silver

  • Must hold $DUBBZ value of at least $50 USD

  • 20% more points per action

  • 1% cashback on wagers

Gold

  • Must hold $DUBBZ value of at least $500 USD

  • 30% more points per action

  • 2% cashback on wagers

  • 1% cashback on NFT purchases & sales

  • $5 monthly wager credit

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