Dreams Quest update on our token distribution

Introduction

In light of the many questions from our community, we have put together this article to address the many questions that have been raised about how the tokens were minted and to clarify how the tokens are being minted and distributed.

  1. Fees associated with our listing on Kucoin which required us to supply tokens associated with the contract for marketing and promotional activities on the exchange
  2. Game Development tokens needed to pay for various developer activities in lieu of paying them directly in USDT or other FIAT based fees
  3. Tokens required to create the Liquidity Pool on Pancake Swap
  4. Tokens required to supply to the Market Makers along with USDT so that they are enabled to trade on both sides of the DREAMS/USDT trade pair on Kucoin, along with supplying them BNB to run both sides of the DREAMS/WBNB trade pair on Pancake Swap
  • Multiple AMA giveaways to promote Dreams Quest during the pre-IDO
  • Giveaway competitions that we were run on our Discord channel and
  • Crypto Banter giveaways to their users as part of their collaboration with Dreams Quest

Overview and additional details regarding the white paper

First off, we wanted to re-state what we have published on our light paper regarding the token supply in order to fully highlight the breakdown of all tokens.

Total token supply

There is a Total Supply: 4,000,000,000 DREAMS (Minted over time + Pre-minted DREAMS)

  • Tokens will mint throughout game play

Token Distribution

The token distribution pie chart below summarises how the tokens are distributed, as per our pitch deck and light paper.

  • Available to Private Investors: 440,000,000 DREAMS (11% of total token supply)
  • Available to Strategic Investors: 60,000,000 DREAMS (1.5%)
  • Available in Public Sale: 25,000,000 DREAMS (0.625% of total supply)
  • Allocated to Marketing, Development, Community and Partners: 480,000,000 DREAMS (12% of total supply)
  • Allocated to a Reserve: 120,000,000 DREAMS (3% of total supply)
  • Allocated to Market Making and LP: 60,000,000 DREAMS (1.50% of total token supply)
  • Team & Advisors: 580,000,000 (14.5% of total token supply)

Overview of the 106M tokens that are seen on BSCScan

Schedule for the minting of tokens at TGE

After the TGE, and in line with what is stated above, we had published a release schedule of all of our tokens in our Pitch deck. These figures are also represented in our Light Paper as well and shown below:

  • 5% of Dev tokens at TGE, and thereafter monthly release of tokens for 1 year
  • 0% of the Reserve at TGE, 3 months cliff and then monthly for 6 months
  • 100% of the Market Making and LP tokens to be minted at TGE; distribution for marketing making and liquidity pools as necessary. The remainder to be held in a team wallet
  • 0% of Seed, Private and Strategic on TGE, and following the vesting schedule mentioned above
  • 40% of the Public tokens to be immediately claimable, 30% claimable following 2 months

The breakdown of these numbers are as follows

  • Marketing and Tech: 24M tokens (5% of 480M tokens)
  • MM and LP: 60M tokens (100% of 60M tokens)
  • Public: 25M tokens (which we minted in full and distributed to Red Kite, GameFi and Duck Starter to distribute accordingly) (40% of 25M tokens)

Tokens held in the team wallets

We have also seen some comments regarding the tokens held by the team after TGE. This is 100% correct and accurate.

How we plan to use the development and marketing tokens

With regards to how we will use the tech and marketing tokens, there are a number of ways we anticipate using them. The types of activities that we plan to use the tokens for include but are not limited to general:

  • Discord moderators
  • Fees, bonuses and other rewards to dev and marketing resources
  • Bug Bounties
  • Early access gaming rewards
  • Airdrops to support our community and KOLs and AMAs
  • Discord and telegram competitions
  • Payments to various marketing partners for promotions, PR, advertising etc

Cumulative Distribution of DREAMS over the next 2 years

We understand that people want full transparency so we have taken the above token distribution data and information as it relates to all of the token minting and provided a detailed cumulative breakdown of the token distribution.

Where we are heading

We are at the beginning of our first quest to deliver you a high quality 3D RPG gaming experience. We are in the midst of a major change in how games can be developed to deliver users an experience not only to play but to also earn from their game play.

About Dreams Quest

Dreams Quest is building the first-ever metaverse-based economy, a self-sustaining DreamsVerse where people will be driven to participate in the decentralised play-to-earn RPG game using dynamic NFTs. Unknown factors will affect character attributes in-game, and post-game outcomes will dynamically change the NFT card attributes and write them on the blockchain (the ethereal scribes) to show game history for each card.

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