DreamTeam Token Economy Updates
Tags: Blockchain, Tokenomy, Dreamteamgg, Tokenomics, Token

It’s been a month since DreamTeam released its updated Tokenomics. Our team has been working hard to implement the new Token economy. Here are our recent updates and what we have planned in the upcoming months.

DreamTeam Token economy updates

The following features were implemented beginning on January 1, 2020:

Convert 100% of fiat purchases on the platform (Prime and Premium subscriptions) to DREAM using the fixed 1:1 rate

Notified the exchange bot to buy DREAM for transactions immediately

Sell 85% of the tokens received from fiat exchange

Lock the unsold 15% of the Tokens in a smart contract for five years

In case the spread is more than 1%, we are just buying 15% of the Tokens amount that we are going to lock

Unlocking the Tokens is only possible after five years, and the unlock periods are bracketed by month. E.g., all transactions during January 2020 are unlocked in January 2025

Due to the higher liquidity provided, all transactions happen on Kuna exchange. In the future, we’ll use the exchange with the current best Token buy/sell prices

DreamTeam stores all the data about each transaction:

When, with which exchange order ID, and for how much was the transaction executed.

Information about grouped transactions, which blockchain TX hash corresponds to which fiat user transaction on the platform

In the future, we’ll be able to display this information in the DreamTeam user’s wallets to prove that the transaction was executed through official APIs of the exchanges (Kuna for now)

Also, everyone who wishes to check the executed transactions personally can verify that the transaction took place at an exact time, download the transactions history from the exchange using the API, or find the Execution/Transaction ID

In the report below, you can check the randomly chosen transactions executed during January, including:

DREAM ID — unique platform identification code

Type — Purchase type on the platform (ex. Premium)

Subscription Period — The type of Premium subscription (yearly, monthly, quarterly)

Timestamp — the time when the notification was received

Execution Timestamp — the time when the transaction was executed on the exchange

Exchange — Name of the exchange

Execution Id — The executed transaction identification number

DREAM Amount — the number of Tokens bought

BTC Price — price in BTC

USD Price — price in USD

The randomly chosen transactions executed during January

DreamTeam Q1 plans:

Start working on Token implementation in the platform features: Shop, Ranked Challenges, Wallet balance on the platform, etc. By the end of Q1, we’ll release the Blockchain features roadmap for Q2-Q3 to give a clear understanding of what features and when they will be released on the platform. Update the DreamTeam Whitepaper and Token website to continue applying to all Tier1 exchanges: Binance, Bitfinex, Upbit, Bittrex, Poloniex, OKex, Huobi. The update about listings will be available by the end of Q1. Move Token website to the new domain to be in compliance with AppStore and Google Play policies, so we can launch DreamTeam App.

About DreamTeam:

DreamTeam — infrastructure platform and payment gateway for esports and gaming.

Stay in touch: Token Website|Facebook | Twitter | LinkedIn|BitcoinTalk.org

If you have any questions, feel free to contact our support team any time at token@dreamteam.gg. Or you can always get in touch with us via our official Telegram chat.