Utility

Token Use Cases

  1. Purchase NFTs

  • Purchase Product NFTs: Users within the DRESSdio platform can swap DRESSdio Poionts (DPs), which will allow them to purchase Product NFTs, which will give them the right to exchange them for real fashion items.

  • Purchase of Design & Artwork NFTs (future plans): Within the DRESSdio platform, we will allow users to purchase Design & Artwork NFTs issued by professional fashion designers and artists using DRESS tokens. These NFTs represent ownership of the design and are securely stored on the blockchain.

2. Creator Rewards

  • NFT sales revenue distribution: With Design & Artwork NFTs issued by creators, Custom and Merchandise NFTs issued by individual consumers and merchants are automatically rewarded through smart contracts whenever they are sold. This ensures transparent and fair revenue distribution. For example, Design NFTs and Artwork NFTs each have a set reward amount, and creators and holders (in the future) who purchase NFTs will receive this reward on a regular basis.

3. Participation in DAO (planned in the future)

  • Participation in decision-making: As a member of DRESSdio's Decentralized Autonomous Organization (DAO), users holding DRESS tokens can vote on key decisions on the platform. This gives all participants the opportunity to contribute to the operation of the platform.

4. Secondary market trading (future plans)

  • NFT trading: NFTs issued on the DRESSdio platform will be made available for trading on various open exchanges such as OpenSea and Blur. This will allow users to buy and sell NFTs freely and gain access to liquidity.

5. membership benefits

  • Community participation: DRESS token holders can join a community of fashion designers, artists, consumers, influencers, and others, which provides a variety of networking opportunities and collaboration possibilities.

  • Participation in events: The DRESS token allows users to participate in various events organized by creators, such as fashion designers and artists, and merchants, such as influencers and retailers. This provides unique experiences and additional benefits for token holders.

6. Physical Product Exchange

  • Product Exchange: DRESSdio platform users can purchase Product NFTs with DPs swapped for DRESS tokens and exchange them for physical products on a one-time basis. This creates a unique experience for consumers, providing them with both digital and physical assets at the same time.

7. Product Discounts

  • Discounts: Users who hold Product NFTs via DPs swapped to DRESS tokens can receive various discount coupons. For example, depending on the number of NFTs you own, you may receive a discount coupon for a product purchase.

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