# ERC20 DLANCE Token

### **Usage of ERC20 dlance Token**: 

The ERC20 dlance token is compliant with the ERC20 standard on the Ethereum blockchain. This means it's compatible with Ethereum wallets, can be traded on Ethereum-based exchanges, and can be used with smart contracts specifically crafted for ERC20 tokens. Within the deelance ecosystem, the dlance token might have various applications, such as:

* Acting as a medium of exchange.
* acting as payment method in ecosystem 
* Potentially representing assets or other values unique to the deelance platform.

<mark style="color:blue;">ERC20 dlance token as a starting point on the Ethereum network.</mark> However, with the growth and specific needs of the platform, a migration to our proprietary **DeeLance blockchain** becomes essential.

### **Migration to Dlance Native Coin on the deelance blockchain**:

* The deelance team began with the ERC20 dlance token on the Ethereum platform. But given the platform's evolving demands and growth, transitioning to our exclusive deelance blockchain has become crucial.
* This transition will typically involve a token swap. Holders of the ERC20 dlance token will likely be given directives on sending their tokens to a particular address or using a specific swapping mechanism where their ERC20 tokens will be "locked". Subsequently, they will receive the native Dlance coins on the deelance blockchain.
* The conversion rate during the swap could vary and will announce at later stage&#x20;

### Benefits of the Dlance native token on the deelance blockchain:

1. **Improved Scalability**: Native tokens on dedicated blockchains can often handle more transactions per second, offering smoother and faster operations than tokens on congested networks like Ethereum.
2. **Reduced Transaction Fees**: Without having to compete for block space on Ethereum, Dlance native token transactions might have significantly lower fees.
3. **Tailored Governance**: The native token can be integrated with a governance system that allows token holders to participate in decision-making specifically tailored to the deelance ecosystem.
4. **Enhanced Security**: With a proprietary blockchain, the deelance team will implement custom security measures, making the network more resilient to attacks.
5. **Integrated Features**: The native token could support advanced features and utilities directly built into the deelance blockchain, without the limitations of the ERC20 standard.
6. **Interoperability**: The deelance blockchain could be designed to seamlessly interact with other blockchains, enhancing the utility of the Dlance native token.
7. **Economic Incentives**: There might be staking, farming, or other economic incentives tied directly to the Dlance native token, promoting user engagement and investment in the ecosystem.
8. **Green Initiatives**: Deelance blockchain employs a more energy-efficient consensus mechanism than other Blockchains , then using the native token could be more environmentally friendly.
9. **Dedicated Support**: With a token native to its platform, any issues, upgrades, or changes can be directly managed by the deelance team, ensuring faster resolutions and more responsive adjustments.
10. **Enhanced Adoption**: A unique and dedicated blockchain could attract more partnerships and integrations, increasing the utility and demand for the Dlance native token.