FAQ

Early NFTs primarily consisted of images and media clips, but as the technology progresses, creators are working to provide utility functions for NFTs. These functions include access, exclusive content, usability in games and Metaverses, and other value-enhancing features.

The Delux Network TDN Market is a platform that serves as a principal dealer for exclusive digital items and NFT collections. It enables both TDM Members and the general public to buy and sell these items, using either XRP or TDN Tokens as the initial payment methods. The TDN Market provides preferential pricing to TDN Members and token holders, offering them discounts over using XRP or other cryptocurrencies.

Sellers can either get an instant price for their items or opt for a consignment arrangement, where the TDN Market sells the items on their behalf. Upon successful sale completion, sellers receive TDN Tokens as payment for their items.

The TDN Token serves as the foundation for the Delux Network’s partners’ gamified ecosystem and new projects. It provides users with access to rewards, exclusive content, and transaction facilitation. The token can be utilized for unlocking premium features, earning rewards through in-app activities, and contributing to the ecosystem’s growth.

NFTs are utilized during the Initial DEX Offering (IDO) process. Users who purchase NFTs receive attached TDN tokens. These tokens grow over time, incentivizing long-term engagement. NFT holders also receive in-game incentives and rewards, contributing to their value within the ecosystem.

The token distribution occurs in various stages, including the IDO and NFT distributions. The total token supply is distributed among different categories, including IDO distributions, NFTs, in-game sales pool, P2P rewards, staking rewards, liquidity, marketing, treasury, M&A reserve, team, advisors, and consultants.

Tokens are released gradually over specified time periods to ensure stability, prevent early sell-offs, and support ongoing operations. The release schedule varies for each category, and tokens are progressively made available to their respective holders.

NFT holders can stake their tokens and earn rewards based on their new token balance. Staking rewards offer a compounding yield, which starts earning from the moment the NFTs are bought. These rewards can be removed once staking goes live or held to continue earning.

To participate, you can purchase TDN Tokens during the IDO or through NFT purchases. These tokens grant you access to exclusive content, rewards, and benefits within the ecosystem. You can also engage in staking activities to earn rewards and contribute to the network’s security.

Staking is a fundamental component of the TDN gamified system. Token holders can choose to stake their TDN tokens, either independently or against specific NFTs. By staking, users enhance the network’s security and stability while earning rewards in the form of additional TDN tokens.

Staking rewards can be designed to increase progressively with the duration of staking. This design encourages users to stake their tokens for longer periods, fostering long-term engagement and loyalty within the ecosystem.

Staking TDN tokens within a creator pool allows users to support their favorite creators and content. Creators receive a portion of the rewards generated by staked tokens, enabling them to earn additional revenue and produce high-quality content for their audience.

Users staking TDN tokens in a creator pool become eligible for rewards based on their stake size and activity within the pool. These rewards can include TDN tokens, exclusive NFTs, or other valuable incentives, creating a rewarding experience for active participants.

TDN staking provides a win-win situation: creators can generate additional revenue from their content, while users are motivated to support creators and earn rewards. The growth of the ecosystem through staking contributes to decentralization, promoting security and censorship resistance.

As more users stake TDN tokens, the ecosystem becomes more decentralized. Staking requires users to lock up their tokens, preventing centralized control. This decentralized nature enhances security and resilience, reducing the risk of censorship.

The ideal Metaverse involves seamless gaming and extended reality experiences with interoperability and interchangeability, enabling users to move seamlessly between different digital destinations. Users can enjoy thousands of destinations, and digital assets hold broad utility value.

The DeLux Network aims to find, develop, and deliver solutions that enhance the Metaverse experience and foster interoperability between different Metaverse platforms. It focuses on bringing Metaverses together and creating value for users.

Yes, partnerships with other projects and brands allow TDN tokens to be adopted as utility tokens in their ecosystems. This collaboration expands the token’s utility and reach, fostering adoption and usage across multiple platforms.

The DeLux Network provides solutions that bridge the gap between Web 2.0 and Web 3.0 environments. It offers technologies that enable traditional online initiatives, like legacy websites and eCommerce stores, to coexist in the emerging Web 3.0 environment.

The DeLux Network seeks out opportunities for licensing Metaverse solutions and partnering with smaller platforms to create innovative business solutions. It aims to collaborate with Metaverses that have good management, growth potential, and sustainability.

Ripple is a technology company and XRP is an open-source digital asset independent of Ripple. Ripple uses XRP in its solutions because it’s fast, efficient, reliable and carbon-neutral—and because it seamlessly supports our customers’ compliance efforts.

XRP is an open-source digital asset built to be the most practical cryptocurrency for applications across the financial services space.

You can learn more about the XRP Ledger on https://xrpl.org, a community-driven resource by and for developers who build on the XRP Ledger (XRPL).