Utility Token
The Deep3 Labs utility token is tentatively named "uD3L".
Last updated
The Deep3 Labs utility token is tentatively named "uD3L".
Last updated
The uD3L token serves as the de facto payment medium for purchasing access to AI products, executing transactions within our marketplace, and even acting as vital collateral for model submissions. In essence, uD3L is what powers the day-to-day activities on our platform, ensuring smooth, efficient interactions between users, developers, and the underlying technology.
A detailed breakdown of our token economics will be shared in the near future. What we can confirm now is that the uD3L token will have a variable supply that is controlled by the governance framework. This means that adjustments to the supply will be carefully managed by the community through the D3L DAO, ensuring that token availability remains aligned with market needs and platform growth. Furthermore, the only mechanism by which new utility tokens are minted is through our innovative staking program, which rewards active participation and helps maintain a balanced and sustainable ecosystem.
The uD3L token plays a multifaceted role within our ecosystem. It is used for:
Transaction Settlements: Every purchase or service within the D3L marketplace is executed using uD3L tokens, ensuring fast, secure, and efficient payments.
Collateral and Incentives: For data scientists listing models for sale, uD3L tokens serve as vital collateral, aligning incentives between buyers and sellers and ensuring model quality and accountability. They will also receive uD3L when their models are used.
Ecosystem Engagement: As the primary medium for daily interactions on our platform, uD3L drives usage and engagement. In future iterations, the token may also be used to unlock premium features or be integrated into reward schemes.
By providing a clear, consistent medium for transactions and incentives, the uD3L token is essential for the operational integrity and growth of the Deep3 Labs ecosystem.
