DenCity ICO Report - Meta Life Experience
Standard ICO Report Structure:
- Part 1: ICO Analysis (What is it about? What is the ICO intending to do? Describes what the platform is.)
- Part 2: CROWDSALE ANALYSIS – DETAILS & TOKEN SUPPLY
- Part 3: Useful Links (Further Research)
Part 1: ICO Analysis
The world as we know it is on a march to change, a march that would seem almost unstoppable. People often find it tiring being completely immersed in our collective realities and as such about 2.2 billon people every day find an escape into the virtual world by playing games on their phones and other devices. Further afield, others take a more serious escape by completely immersing themselves in virtual reality (VR) platforms to escape their daily woes. The entertainment industry today enjoys a plethora of benefits with this vast user base of billion of users.
This industry is a multi-billion dollar spinner, but as at its present state is beleaguered with a myriad of problems. One of these problems includes the constant threat of hacks from the use of centralized systems. Furthermore, the emerging VR industry sometimes suffers from unreasonable changes as the owners of these platforms bring change without so much as considering what their users’ thoughts might be on the matter. The DenCity hopes to solve these problems with their token offering.
Virtual Reality Bridge
DenCity is a blockchain based startup with eyes firmly set on the present ills of the VR industry. As it promises to give users a bridge where their Virtual Reality metaverse will also benefit their real-world hustlers with the use of a currency that works in both. The DenCity Token hopes to establish a real-world connection for virtual reality users. Through this DenCity will become one of the first virtual reality worlds to bridge the gap into the real world. Thus, allowing users to create value in their virtual world while utilizing it in the real world through the DenCity token.
Economies of Value
To further expand upon this exciting feature of real-world access, it’s important to understand the economics at hand. The economies of the virtual reality realm are worth in the tens of billions of dollars every year. Even with such a huge market, almost every cent of this revenue even if earned by a user has no real-world benefit to them as they can only purchase virtual goods within their respective platforms. DenCity’s coin will reverse that and allow VR metaverse users to have actual benefit from their activities in the virtual world.
The DenCity platform also plans to reward users within their network for enjoying the virtual reality worlds. The network in and of itself will reward users with tokens as well as decision making power for the platform. Through this, they plan to turn the tables around by letting them be part and parcel of every decision made on the continued existence of their virtual worlds. This will become an exciting development for an industry that often has remained at the whims of the platform owners.
With DenCity the user has a complete and real-like escape from their less than perfect world. With everyday things available in virtual reality such as looking for real-estate to enjoy, build or purchase outright, defining the job of your own avatar, effortlessly communicate with other VR users within the metaverse as you build a new world together, and determining the rules of living therein by yourselves. All and all the future of the Virtual Reality world is poised for disruption in the real world. While this occurs, DenCity hopes to be the catalyze and platform for such a disruption.
Part 2: Crowdsale Analysis – Details & Token Supply
Total token supply: 3,000,000,000 Tokens
Token type: Utility Token
Token Distribution: DenCity’s token distribution plan is pretty detailed, as they have set 30% of the total token for their Presale and ICO, 20% is slated for the development of the metaverse, with 23% is set aside for the future, in case some need might arise. Other sectors of the token distribution include 20% for the founding team members, 5%for their advisors while 2% is slated for their online campaigns through social media platforms
ICO Sale Phase: Presale
Token Price: 1 USD = 34 Tokens
Crowdfunding Usage: DenCity hopes to use about 40% of the total funds raised in developing the first platform itself, 15% will be kept for continued research and development into the future, 20% is set aside for marketing, 15% for day-to-day operations and 10% will be used for its legal services and licensing expenditure.
Team Overview- Members and Advisers
The DenCity Team is led by CEO and Co-Founder Diego Matic, supported by CTO and Co-Founder Andre Broz. Other members include Morloes Pomp, Alok Gupta, and Anshul Srivastav among others
Part 3: Useful Links (Further Research)
- Website: https://www.dencity.life/
- Facebook: https://www.facebook.com/Dencity-128638871159525/
- Twitter: @DenCity_Life