Economy and token

The security of the dappy protocol is not tokenized, and cannot be purchased or taken over by any corporation or financial power. Thanks to co-resolution, the security of the protocol is determined only by the health and good behaviour of the majority of the dappy network members that orgnanize in a consortium manner. Each company in the dappy network has a weight of one. Nevertheless dappy has a token, that is of no use for purchasing, renewing domain names, or even updating zones (IP addresses, TLS certificates etc.) in the dappy network (free).

The dappy token (4.03%)

The dappy token is a utility token issued as of today as 4.03% of the total supply. ICO1 early 2021 is the only token offering operation that ever occured. Tokens unlock special capabilities and discounts in the dappy name system, in addition they grant rewards based on the sales and yearly renewals of domain names.

Dappy network (95.97%)

The dappy network refers to the companies that store domain names, and expose public APIs for domain name co-resolution and TLS certificates distribution to clients. They don't have tokens but a seat instead, they share the revenues just like token holders, but on an equal base that may vary over time depending on how many they are, and eventually other collective decisions.

Dappy token ownerships following ICO 1, early 2022

Token owner	Amount (dappy token)	Percentage vis-à-vis total supply
Unallocated	959,675,423	95.968%
Team	5,000,000	0.5%
1	113,500	0.011%
2	250,000	0.025%
3	250,000	0.025%
4	113,500	0.011%
5	50,000	0.005%
6	251,995	0.025%
7	51,800	0.005%
8	100,000	0.01%
9	10,106	0.001%
10	250,000	0.025%
11	500,000	0.05%
12	3,125,000	0.313%
13	250,000	0.025%
14	250,000	0.025%
15	29,950	0.003%
16	125,000	0.013%
17	100,000	0.01%
18	111,776	0.011%
19	1,000,000	0.1%
20	25,500	0.003%
21	75,000	0.008%
22	50,000	0.005%
23	9,610	0.001%
24	5,000,040	0.5%
25	18,000,000	1.8%
26	2,200,000	0.22%
27	500,250	0.05%
28	2,500,000	0.25%
29	31,550	0.003%