Decentralized Bio Network
  • Welcome to DeBio
  • Overview
  • Introduction to DeBio
  • Roadmap Infographic
  • Tokenomics
    • The Token Model
    • Token Distribution
  • Products & Services
    • Decentralized Genetics
    • Biomedical Testing
    • Electronic Medical Record
    • Interlab Collaboration
    • Request Service
    • Request Genetic Analysis
    • Sample Collection Process
      • Dried Blood Spot
      • Buccal Swab
      • Fecal Matters Stool
      • Urine Clean Catch
      • Saliva
  • Getting Started
    • How to Bridge Your $DBIO and $USDT to the DeBio Network Appchain
    • How to Install Metamask
    • How to Get Free Testnet Token on Rinkeby
    • How to do Wallet Binding on DeBio
    • How to Provide $DBIO/$NEAR Liquidity on Ref Finance and Earn $REF
  • Complete Guidelines
    • User Guideline
      • Generate Account
      • Connect Wallet
      • Request Test
      • Data Bounty
      • Request Service
      • Request Genetic Analysis
      • EMR
      • Upload & Encrypt Data
    • Lab Guideline
      • Generate Account
      • Connect Wallet
      • Register Account
      • Process Order (Request Test)
      • Provide Service
    • Genetic Analyst Guideline
      • Generate Account
      • Register Account
      • Process Order (Request Genetic Analysis)
      • Download & Decrypt Data
      • Upload & Encrypt Data
    • Hospital Guideline
    • Doctor Guideline
  • Developers
    • Github
    • Changelog
      • Debio Frontend
      • Debio Node
    • Back End
      • Endpoints
    • Front End
      • Introduction
      • DeBio Techstack
        • Packages
      • Reference
  • Community Channels
    • Telegram
    • Discord
  • Social media
    • Facebook
    • Twitter
    • Medium
    • Instagram
    • LinkedIn
  • Appchain
    • Appchain Function Spec
  • Legal
    • Terms and Condition
      • TnC - Genetic and Biomedical Testing Services for User and Lab
      • TnC - Genetic Analysis Services for User
      • TnC - Genetic Analysis Services for Genetic Analyst
    • Terms of Token Sale and Use
    • Privacy Policy
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  1. Tokenomics

The Token Model

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Last updated 1 year ago

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The DeBio Network team is developing a foundational token, $DBIO, designed for a variety of critical functions within the ecosystem, including:

  • Operating Validator Nodes

  • Earning Token Farming Rewards

  • Initiating Service Requests

  • Facilitating Lab & Analyst Onboarding

  • Accessing the Menstrual Calendar Feature

For other DeBio services, transactions will be conducted using the $USDT.e stablecoin. Services requiring $USDT.e payment include:

  • Genetic Testing

  • Genetic Analysis

  • AI-Powered Wellness Insights

  • Access to Consultable Persona

The revenue generated from these services in $USDT.e will be strategically reinvested into the ecosystem through the buyback of $DBIO tokens from the open market. Furthermore, $DBIO tokens received as payment for services will be systematically removed from circulation through a burning process, enhancing the token's value and sustainability within the DeBio ecosystem.

On the DeBio platform, transactions are facilitated using $DBIO and $USDT.e. The graphic below illustrates how revenue generated from these transactions is strategically allocated towards buybacks, token burning (removing $DBIO from circulation), or making requests for services. This approach is aimed at decreasing the total supply of $DBIO and supporting its market value.

Furthermore, users have the opportunity to contribute liquidity on Ref Finance, where $DBIO can be traded for $USDT.e or $NEAR. In appreciation of their contribution, liquidity providers are rewarded with regular farming incentives by the team.

For those interested in further engagement with the ecosystem, hosting a validator node on the Octopus Network is an available option. This requires holding some $OCT tokens to participate.