# Introduction

Welcome to DestineX DAO's introduction page. We hope to educate everyone regarding the layers and key features of the DAO, how it works, and how to benefit from it.

Disclaimer: The DAO is under development. Details provided may still change.

DestineX ($DS10X) is the protocol's base layer token that acts as a reserve asset. Each minted$DS10X token is backed by a basket of assets inside the $DS10X Treasury, giving it an intrinsic value or a price floor that it would not fall below. ## What is Treasury? The Treasury is a vault that contains the assets that back the Intrinsic Value of each$DS10X token. DAI is the asset initially used to back the tokens, additional assets will be used as the protocol expands.

#### A simple analogy

In the early 1930's, before going off the Gold-standard, the US Dollar is backed by gold. Therefore each dollar has an intrinsic value tied up to gold.

Think of the assets in the treasury as gold that backs each $DS10X token, allowing each$DS10X to have an intrinsic value.

## How to Participate?

There are three main strategies for market participants: staking, dealing, and NFT-play. Stakers stake their $DS10X tokens in return for more$DS10X tokens. Dealers make deals with the Treasury or the Liquidity Pool using DAI tokens in exchange for discounted $DS10X tokens after a fixed vesting period. NFT-owners can earn token derivatives through various forms of engagement within the Metadhanaverse, use it within the MetaDhanaverse and/or convert it to$DS10X tokens.

Governance participants can get involved in the creation of policies and voting rights for said poilicies to be implemented, get involved in the community decision-making, and the overall well being of all participants involved.

## How to Benefit?

The main benefit for stakers comes from supply growth. The protocol mints new $DS10X tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. The main benefit for dealers comes from price consistency more so on price growth. Dealers commit a capital upfront and are promised a fixed return at a specific date; that return is given in$DS10X tokens and thus the dealer's profit would depend on $DS10X price when the deal matures. Taking this into consideration, minters benefit from a rising or static price for the$DS10X token!

The main benefit of the NFT-owners is not earning token derivatives then converting it to $DS10X tokens. It's main benefit is having the ability to earn within the Metadhanaverse through various forms of engagement. However, what helps the protocol, stakers, and dealers, is through the token derivatives earned by these NFT-owners. ## Who created DestineX DAO? DestineX DAO is inspired by Olympus DAO and built on the Polygon Netwtork. Our doxxed team at MetaDhana created this project to provide value to every participant of this project and help towards mass adoption of the blockchain technology, specifically in the Polygon Network. ## Who controls DestineX DAO? Currently, the team is testing the policies used by DestineX DAO to test the stability and initial network state of the protocol. Over time we expect to turn this into a DAO-governed model as soon as possible. ##$DS10X Derivatives Overview

Here is a quick glance on $DS10X token derivatives and their respective utility. Each token listed here can be swapped to$DS10X at a 1:1 ratio.

1. $BLUEPRINT - team tokens that is vested on a supply and performance basis 2.$REALM - staking token that has an autocompounding feature
3. $EXPEDITION - NFT Daily Rewards alongside$PERKS token

## How are we Different from Olympus DAO?

We have a different yield calculation for Staking that relies on the number of newly minted $DS10X. Olympus calculations only depend on the total token staked and the total supply. Our staking yield depends on that and the newly minted tokens from Dealing and NFT Plays. Also our epoch happens every 12 hours compared to Olympus' 8 hours. Our Dealing method works in the same way as Olympus' Bonding mechanism, but this factor affects the yields from staking. The more Deals made, the higher the staking yield. We added a new strategy that is called NFT-Play. It gives NFT holders a chance to participate and help in the economy of the DAO in a significant way. We extended the game theory popularized by Olympus commonly known as the Prisoner's Dilemma or the (3, 3) meme to a Simultaneous, Cooperative, N-player, Strategic game that can be branded as (5, 3, 5) or (4, 4, 4). Check out our Game Theory paper to learn more about this extended version. In addition to all these features, we have token layers, more on this later. Essentially the$DS10X ecosystem act as a base layer and we can add token layers on top of it depending on the use case, making this model very scalable.

## What are DAO layers? (Expansion)

This section provides the upcoming ideas for Expanding the DAO's utilities to address other crypto niches such as NFTs, P2E games, and the move towards MetaDhanaVerse.

DAO layers are tokens that are used for different expansion purposes. The latest layer to be implemented is the $PERKS token layer, also known as the protective layer. Token Layers are honored at a 1:1 ratio with$DS10X. Here are the current token layers in use:

1. $PERKS - The protective layer ## What is$PERKS?

$PERKS is a layer-2 token for the DAO, used to reward NFT players, alongside$Expedition tokens. $PERKS main advantage is the ability to buy NFTs in the Marketplace at a discount. Click here, to learn more about$PERKS.