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Token Economics

7.1 Token Utility


At DEVITA, we recognize the value of data and the importance of providing our users with the ability to monetize it. That's why we've introduced our Share-to-Earn function, which allows users to provide commercial access to the data they choose to share with the platform in exchange for a set amount of rewards. This function has the potential to revolutionize the way users engage with the platform, as well as the value they can extract from their data.
To put this into perspective, we can look at how individuals in the Philippines are monetizing the popular game, Axie Infinity. Many people in the country are earning a living by playing the game and earning cryptocurrency rewards that can be exchanged for fiat currency. This phenomenon demonstrates the power of sharing data and how it can lead to significant economic opportunities.
With DEVITA's Share-to-Earn function, we are providing users with the opportunity to similarly monetize their data. Users can earn rewards for their pet's data, such as health records, behavior patterns, and preferences. Moreover, the platform's data marketplace provides an avenue for users to sell their data in the form of NFTs to interested parties, whether they be researchers, advertisers, or other individuals seeking valuable insights.
Overall, DEVITA's Share-to-Earn function has the potential to unlock significant value for our users, and we're excited to see how it can contribute to the growth and adoption of the platform in the years to come. The DEVITA token is an ERC-20 standard utility token built on the Ethereum blockchain network. It will serve as the primary medium of exchange within the platform, providing a wide range of use cases and utilities that will drive the adoption and growth of the platform.

7.1.2 Medium of Exchange:

DEVITA tokens can be used as a medium of exchange within the platform. This includes buying and selling pet-related products and services, transacting in the decentralized NFT-powered data marketplace, and rewarding community members for their contributions to the platform.

7.1.3 Network Participation Rewards:

The token can be used for liquidity provision purposes, allowing users to earn rewards for participating in the network. This includes staking tokens to support the network's security and governance processes, as well as participating in community-driven decision-making.

7.1.4 Premium Features:

DEVITA tokens can be used to access premium features of the platform. This includes advanced analytics and data visualization tools, as well as exclusive access to the platform's encrypted messenger and AI chatbot.

7.1.5 Governance:

The token can be used for governance purposes, giving users the ability to vote on key platform decisions and shape the direction of the network.Please read more in the governance section.