DAWN
Dawn Protocol
$0.0₃2795
0.00%
Dawn Protocol
DAWN
$0.0₃2795
0.00%
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Dawn Protocol Information
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About Dawn Protocol
Dawn Protocol is a pioneering blockchain platform tailored for the esports and gaming industry, leveraging its unique ERC777 protocol to redefine the global esports arena. By integrating assets like stable coins into skill-based esports betting and ensuring secure, swift processing of competition outcomes, Dawn presents a more transparent and efficient method for competitive gaming. The protocol was founded by a team led by CEO Joe Zhou, along with Anik Dang in Business Development and Mikko Ohtamaa as the CTO. The $DAWN token, offers users a myriad of utilities, from event entrance fees to prize cashouts and staking benefits both on and off the platform. Additionally, Dawn oversees the FirstBlood platform, an automated tournament organizer with a substantial active gamer community. To align with future advancements, Dawn underwent a Token Swap in 2020, transitioning from the ERC20 to the ERC777 standard, ensuring compatibility with its forward-looking features.
Dawn Protocol is a blockchain-based platform designed to enhance blockchain gaming through competitive gaming products. It seeks to redefine the global esports platform by using its own ERC777 protocol tailored for its mission. Dawn offers a unique architecture that not only facilitates the upgrade, staking, and governance by its 1ST token holders but also allows them to claim a share of network fees generated within the ecosystem. Furthermore, Dawn's approach provides avenues for assets like stable coins (Dai, USDC, USDT) to be employed in skill-based esports betting, leveraging existing Ethereum infrastructure. Beyond gaming, Dawn's groundbreaking innovations make skill-based competition more efficient and transparent, ensuring fast, secure, and reliable processing of results and rewards through Ethereum smart contracts.
Dawn Protocol was established by a dedicated team of professionals led by Joe Zhou (CEO and Co-founder), Anik Dang (Business Development and Co-founder), and with Mikko Ohtamaa, holding the position of CTO.
$DAWN, or Dawn Token, plays a pivotal role in the entire Dawn ecosystem. Its primary utilities include: Serving as an entrance fee for exclusive events, Acting as a medium for prize distribution cashouts, Being staked for both on and off-platform benefits, Entitling holders to potential future perks as the ecosystem expands and integrates more functionalities across its main platform and new products. Beyond these, the token has transaction utility, enabling gamers to deposit and pay competition entry fees. It also holds governance utility, permitting token owners to cast votes. Plus, through staking, token holders can enjoy staking rewards and benefits from various use cases within the Dawn Protocol ecosystem. The FirstBlood platform, operated by Dawn Protocol, is a primary product, offering an automated tournament and esports event organization with a vast active gamer base.
To stay updated with evolving technological demands, Dawn Protocol initiated a Token Swap between Q1 and Q2 of 2020 to transition from the ERC20 standard to the ERC777, better suited to Dawn's upcoming features. This swap aimed to transition most, if not all, existing tokens to the new smart contract standards, with its completion marked by a core protocol upgrade governance proposal.
