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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.
ERC20 dlance token as a starting point on the Ethereum network. 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

Benefits of the Dlance native token on the deelance blockchain:

  1. 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. 2.
    Reduced Transaction Fees: Without having to compete for block space on Ethereum, Dlance native token transactions might have significantly lower fees.
  3. 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. 4.
    Enhanced Security: With a proprietary blockchain, the deelance team will implement custom security measures, making the network more resilient to attacks.
  5. 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. 6.
    Interoperability: The deelance blockchain could be designed to seamlessly interact with other blockchains, enhancing the utility of the Dlance native token.
  7. 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. 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. 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. 10.
    Enhanced Adoption: A unique and dedicated blockchain could attract more partnerships and integrations, increasing the utility and demand for the Dlance native token.