TL;DR
- Mines of Dalarnia is transitioning from its DAR token to a new D token, marking a significant step in the evolution of the Dar Open Network into a comprehensive Web3 ecosystem.
- The conversion process begins on December 20, 2024, and continues until December 20, 2025, allowing DAR token holders to convert their tokens to D tokens at a 1:1 ratio through self-custodial wallets or centralized exchanges.
- The D token will power the Dar Open Network’s ecosystem, supporting staking, governance, and incentivizing developers and community members to build and innovate within the network.
Mines of Dalarnia, a popular blockchain-based game, has announced a significant transition from its current DAR token to a new D token. This move marks a pivotal step in the evolution of the Dar Open Network, reflecting its expansion beyond gaming into a comprehensive Web3 ecosystem. The conversion aims to align the network’s currency with its broader goals, ensuring brand consistency and supporting ecosystem-wide innovation.
https://twitter.com/DarOpenNetwork/status/1868962913308016952
Details of the Conversion
The conversion process will begin on December 20, 2024, and will continue until December 20, 2025. During this period, DAR token holders can convert their tokens to D tokens at a 1:1 ratio. The migration process is designed to be seamless and straightforward, with options available for both self-custodial wallets and centralized exchanges (CEXs).
Users holding DAR tokens in self-custodial wallets, such as MetaMask, can use the official migration portal on the Dar Open Network website to complete the conversion. For those holding DAR tokens on supported CEXs, the migration will be automated.
Features and Benefits of D Token
The D token is designed to power the Dar Open Network’s ecosystem, supporting a wide range of applications. Key features of the D token include:
- Staking: Users can stake D tokens to participate in network governance, secure the platform, and contribute to its long-term growth. Stakers also unlock exclusive rewards and benefits, such as access to premium ecosystem features and perks from participating applications.
- Governance: D token holders play a vital role in shaping the future of the Dar Open Network. Through the D DAO, token holders can propose, discuss, and vote on critical decisions, fostering a transparent and decentralized framework for ecosystem growth.
- Ecosystem Support: The D token supports and incentivizes developers, creators, and community members to build, participate, and innovate within the Dar Open Network. It can be used for funding new projects, rewarding contributions, and promoting ecosystem growth.
Migration Process and Timeline
The migration process is designed to ensure a smooth transition for all users. For self-custodial wallets, users need to visit the migration portal, submit their DAR tokens, and receive D tokens in return. A gas fee will be required to complete the migration.
For users on supported CEXs, the migration will be automated, and no manual action is required. Additionally, all DAR tokens staked on the official Dar Open Network Staking platform will be automatically converted to D tokens on January 6, 2025.
