🧊The Dreamster Utility Token “Dster”
A product of Dster Token, inc.
Dreamster’s “Dster” token is a BEP-20 Binance Smart Chain token standard created with the intention of extending ERC-20, which is one of the most common Ethereum token standards. BEP-20 is a technical standard for token implementation across all smart contracts on the Binance Smart Chain. The BEP20 standard provides a blueprint for how a token can be spent, who can spend it, and even includes rules about overall token usage. BEP-20 tokens represent a diverse range of crypto assets that don’t have their own blockchain but reside on top of the Binance Smart Chain (BSC). The BEP-20 standard provides a flexible format through which many developers can launch different tokens. These tokens could represent anything, from shares within a business to dollars stored in a bank vault (e.g. stablecoins).
The BEP-20 standard was both derived from and is fully compatible with the ERC20 standard. The code of the functions that define the BEP-20 standard are modifications of the ERC-20 standard. The purpose of these modifications was to improve the protocol, as well as optimize speed and transaction cost.
MULTI-UTILITY FUNCTION OF DREAMSTER TOKEN "DSTER"
Payment Utility
Dster token can be utilized as a payment option on the NFT marketplace for discounted fees, when you want to buy an NFT from the BSC network you have the option to buy with DSTER.
Use the Dster token as credits for purchasing access to NFT Music or NFT Videos for listening or viewing. With access you can now listen & view forever through our app without a subscription, similar to owning the physical access just in the digital world.
Dster token can also be used on our own Avatar Generator to purchase the specific level you want to use, choose between premium or studio level.
Staking Utility
Staking Options: The contract offers three levels of staking: GOLDEN, SILVER, and PLATINUM, each with different minimum stake amounts and reward percentages. For example, the GOLDEN level requires a higher minimum stake but offers higher reward percentages.
Staking Process: Users can stake their Dreamster tokens by choosing a staking level and depositing the required amount of tokens. Once staked, the tokens are locked in the contract for a specified period (30 days for all levels in this contract).
Earning Rewards: The staked tokens earn rewards based on the staking level’s reward percentage. The longer the tokens are staked, the more rewards are accumulated.
Withdrawal: After the staking period ends, users can withdraw their staked tokens along with the accumulated rewards. If they choose to withdraw before the staking period ends, they can perform an emergency withdrawal, but this might affect their rewards.
Platform Access
It acts as a key to unlock the 'Backstage Pass’ feature for fans granting them opportunities to interact with their favorite artists on the Dreamster Music Platform. This includes meet ups, direct messaging, listening parties, access to a schedule of events and early or exclusive previews of unreleased tracks and more
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