Token ($DELAY)

The $DELAY token is the cornerstone of the DegenLayer ecosystem, designed with specific utilities that drive platform engagement and reward active participants. The token serves as both a governance tool and rewards mechanism, creating a sustainable economic model for the platform.

In the spirit of memecoin freedom our token was fair launched on Uniswap, with 0 VC/investor held tokens.

🎯 Token Utility

1. Community Voting & Staking

Staking Pools

• Each memecoin launched on DegenLayer has an associated staking pool

• $DELAY holders can stake tokens to support their chosen memecoins

• The more $DELAY is staked in a given memecoin pool, the more ETH is used for daily buybacks & burns of that memecoin

Buyback Mechanism

• DegenLayer platform fees (see Revenue Projections) fund daily memecoin buybacks & burns

• Buyback & burn allocation is based on staking pool size

• Larger staking pools receive proportionally more buybacks

Benefits

• Projects gain organic support

• Stakers influence buyback distribution

• Community-driven project promotion

• Aligned incentives between $DELAY holders and projects

2. Referral & Trading Rewards

Part of our platform revenue will be used for Referral & Trading Rewards.

Commission Structure

• Part of revenue is used for $DELAY buybacks

• $DELAY resulting from buybacks is used for rewarding users in our referral program

Reward Distribution

• Traders

  • Receive cashback in $DELAY tokens for every trade

  • Rewards are based on trading volume they generate

• Referrers

  • Anyone can refer users to our platform

  • Once you refer someone you earn a percentage of volume generated by that user

  • This creates a long term revenue stream for you

System Benefits

• No team token pools used for rewards, $DELAY tokens used for rewards are bought back from the market first

• Market buying pressure from rewards

• This results in sustainable tokenomics

💰 Revenue Flow

graph TD
    A[Platform Activity] --> B[Fee Collection]
    B --> C[DegenLayer Treasury]
    C --> D[Token Buybacks]
    D --> E[$DELAY Distribution]
    E --> F[Trading Rewards]
    E --> G[Referral Rewards]
    C --> H[Memecoin Buybacks]

🔄 Token Circulation

Buy Pressure Sources

1. Trading reward distributions

2. Referral program payments

3. Requirement to stake tokens in order to support a given memecoin

Token Sinks

1. Staking pools

2. Trading fees

3. Platform governance

4. Ecosystem participation

🌟 Unique Features

1. Market-First Rewards

   • All rewards bought from open market

   • No dilution from team pools

   • Sustainable token economics

2. Dual Utility

   • Governance through staking

   • Economic rewards through participation

3. Community Alignment

   • Shared success with projects

   • Incentivized participation

   • Long-term value creation

4. Sustainable Economics

   • Revenue-driven buybacks

   • Natural market dynamics

   • Growth-oriented tokenomics

The $DELAY token model is designed to create a sustainable ecosystem where platform growth directly translates to token utility and value. Through its dual utility system and market-first reward mechanism, $DELAY ensures aligned incentives between all ecosystem participants.