Dear Members of the Deeper Network Community,
As we forge ahead in our mission to fortify and expand the Deeper Network, keeping an open line of communication and ensuring transparency with our community remains our foremost commitment. With this in mind, we bring to you a crucial update concerning the DPR mining process.
The Inaugural Halving:
We are at a pivotal moment in our journey as we approach our first-ever halving for DPR mining rewards at one billion DPR mined, a mechanism designed into DPR’s tokenomics. This historic step reflects a sustainable and balanced token economy for DPR.
Scheduled Halving Date - January 25th, 2024:
Mark your calendars for January 25th, 2024, as the date the halving will most likely occur at the current mining pace. This halving represents a major milestone in our roadmap, paving the way for a robust and sustainable network.
Future Halving Protocol:
Looking ahead, subsequent halvings will occur after every 1 billion DPR token is mined. The next halving will occur at 2 billion DPR mined, estimated to occur sometime in 2027. This somewhat predictable and transparent approach will help maintain the equilibrium of our token economy, ensuring the stability and longevity of the mining process and the intrinsic value of DPR.
Seamless Transition and Continuous Support:
The halving mechanism will occur seamlessly, without any disruption to your experience or the blockchain's functionality. Our team is devoted to ensuring that this transition is smooth and reflective of our ongoing efforts to enhance the network's performance while having the interests of our community members in mind.
The Importance of This Update:
The halving mechanism is a proactive strategy designed to regulate the influx of new DPR tokens into circulation. It exemplifies a common practice in the blockchain industry, aimed at preserving the token's value and fostering the sustainable growth of the mining process via deflation. Through this initiative, Deeper Network continues to develop and expand, ensuring a strong and resilient network for all.
Your Role in Our Shared Journey:
Your understanding, support, and active participation are invaluable as we embark on this new chapter. We encourage open dialogue and are committed to addressing any inquiries or providing further information. Together, we are not just expanding a network; we are nurturing an ecosystem that symbolizes the future of decentralized connectivity.
Thank you for being an integral part of this journey and for your unwavering support of the Deeper Network.
The Deeper Network Team