In an innovative bid to encourage community engagement and support for emerging blockchain projects, ICP.Hub Sahara has just launched the DECKS token which promises to incentivise participation, reward supporters, and fuel the growth of its thriving community. This reward system is channelled through the DecaHack initiative, which focuses on blockchain bootcamps and hackathons across West African campuses.
Overview of DECKS Token
DecaHack, which was launched through ICP.Hub Sahara, has successfully built a robust community and spawned several startups through its hackathons and blockchain bootcamps. The DECKS token was conceived as a solution to incentivise active participation and sustained community growth within the DecaHack initiative.
Unlike a typical Initial Coin Offering (ICO), We can describe DECKS token as more than just a digital asset; it is a symbol of recognition and reward for the DecaHack community, creating a fair and engaging ecosystem.
DECKS tokens will be airdropped to the wallets of registered supporters and hackathon participants. Holders of these tokens will benefit from continuous airdrops from successful projects emerging from DecaHack hackathons. This system ensures that the community shares in the collective success of the projects they support, fostering a sense of belonging and mutual achievement.
Vision of DECKS
The DECKS token aims to:
- Reward Participation: Recognize and reward the contributions of DecaHack participants and supporters.
- Foster Community: Strengthen the sense of community and shared success among members.
- Sustain Growth: Provide a sustainable funding mechanism for ongoing and future initiatives.
Token Mechanics
Distribution and Supply
The total supply of DECKS tokens is fixed at 500 million, with tokens being distributed in a phased manner over multiple cohorts. Each DecaHack project is required to airdrop at least 10% of its total token supply to DECKS holders, ensuring continuous rewards for the community. This mechanism not only incentivises participation but also ensures that DECKS holders benefit from the success of all DecaHack projects.
Continuous Airdrops
DECKS holders will enjoy a continuous stream of airdrops from all DecaHack final projects. This ensures an ongoing engagement and reward system, keeping the community vibrant and motivated. Each successful project emerging from DecaHack hackathons will allocate a minimum of 10% of their token supply for these airdrops.
Benefits for Developers and Investors (Governance and Security)
Exposure
DECKS airdrops aren't just rewards for DECKS holders, they're a launchpad for startups. By getting their tokens in front of the engaged DECKS community, startups gain valuable exposure. This translates to increased visibility, potential users and investors, early product feedback, networking opportunities, and a boost in credibility – all crucial ingredients for success in the competitive blockchain space
Decentralised Decision-Making
DECKS holders will have the opportunity to participate in governance decisions, ensuring transparency and inclusivity. Voting mechanisms will be implemented, allowing DECKS holders to influence key decisions, such as project selection and allocation of resources.
Security and Compliance
All smart contracts related to DECKS token issuance and airdrops will undergo thorough audits to prevent vulnerabilities and exploits. Additionally, the ecosystem will adhere to local and international regulations to ensure its legality and security.
Support and Sustainability
Startups benefit from the backing of a community that is motivated to see them succeed, potentially leading to greater collaboration and innovation. The continuous stream of airdrops ensures the community remains vibrant and engaged, supporting long-term growth and sustainability.
Future Prospects
The launch of the DECKS token marks a new chapter for ICP.Hub Sahara and the DecaHack initiative. ICP.Hub Sahara envisions DECKS as a cornerstone of a vibrant and supportive ecosystem that benefits all participants. The phased rollout of the token includes continuous growth and integration with other blockchain initiatives, ensuring long-term sustainability and expansion. By providing continuous airdrops from successful projects, DECKS ensures that the community shares in the collective success, driving engagement and sustainability.
Developers and investors alike are invited to join in building a vibrant and supportive ecosystem that promises mutual benefits and shared growth.