Tokens & Economy

There are 2 tokens in the DriveSafe economy $DriveS and $FUELS.

$DriveS is the main governance token and is the backbone of the economy, supporting a variety of in-App features such as renting, buying or selling NFTs.

$FUELS (Car FUEL) is the main utility token which will be used in-App (fuel and vehicle maintenance).

Drivers can enter tournaments paying an entry fee in $DriveS.

Drivers can enter competition modes, where each player is required to submit an equal amount of $DriveS into a prize pot, with the winner taking a prize and 1X is burned.

Drivers can evolve and increase the value of their NFT by improving it's appearance and attributes, they can then re-sell their NFT at a profit on the DriveSafe Marketplace.

$DriveS can be used to stake and earn NFTs via our staking platform. In the future, the amount of $DriveS required to stake will be pegged against stable coin values, making staking more affordable and accessible to everyone.

Businesses can pay (using $DriveS) to promote their brands on pop-up billboards, so that when a driver goes past their business, a pop-up will appear in the App.

Tax System

The following taxes will be charged against Marketplace transactions.

Selling Fee: 5%

Renting Fee: 6%

Minting Fee: 5%

DriveSafe Burning Mechanisms

1. Car minting

2. Upgrades & Skins

3. In-App purchases

4. Level ups