Stories by DeStore Network on Medium

Stakeholder Announcement

DeStore Network — Sat, 19 Oct 2024 00:56:52 GMT

We are excited to share some important updates regarding the DeStore token allocation.

After careful consideration and advice from our legal consultants, we have determined that tokens will provide a more liquid and beneficial option for our stakeholders than traditional shares.

It will also allow a more stream-like distribution process for issuing the Initial Stake Pool Offering (ISPO) staking rewards to our stakeholders.

In the best interest of growth and expansion, we will only be issuing tokens to the community as a reward for our ISPO. Stakeholders who have supported DeStore through Astar dApp Staking v3 and InvArch DAO Staking ISPO campaigns will be rewarded twice the amount of DeStore tokens in proportion to their staking rewards.

Simply put, if a staker’s reward were 10,000 DeStore tokens out of 2.1B total initial supply, the staker would now receive 20,000 DeStore tokens out of 2.1B total initial supply!

Please find below the current tokenomics of our DeStore token, with all the relevant information.

Moving forward:

No action is required from our stakeholders, including any personal information shared. The tokens will be automatically distributed to the native addresses originally used for staking with us at the Token Generation Event (TGE).

Please note that we are calculating the token allocation for Astar B2E ISPO v3 Term 2 and InvArch DAO Staking Q3 2024. New DeStore token allocations will be published on our website over the coming weeks. Keep your eyes peeled for the announcement in our socials.

We would like to thank the community for your support of Astar B2E ISPO as we end this successful campaign!

We are also thrilled to announce that, by popular demand, we are extending our ISPO campaign with InvArch.Network. More time to get additional DeStore tokens!

InvArch DAO Staking Q4 2024 and Q1 2025

What does the future hold:

The future of DeStore is shining bright! As our community grows, so do our stakeholders. This is just the beginning.

Our next phase includes exciting deliverables such as major partnerships with large companies, the expansion of DeAR v2.0 across multiple chains, and the Token Generation Event (TGE) for the DeStore token.

Shortly, we will share detailed timelines highlighting our achievements, key milestones, and what to look forward to.

This new chapter of DeStore promises growth, success, and opportunities for everyone involved. We deeply value our community and want to express our heartfelt gratitude for your unwavering support — none of this would be possible without you. Thank you!

If you have any concerns or questions, please submit them through this Typeform or join our Discord. We value your feedback!

About DeStore Network

DeStore is a cutting-edge Web3 platform that leverages QR 2.0 technology to provide NFT redemption, product authentication, and digital product solutions. Focused on integrating blockchain innovation with real-world use cases, DeStore empowers e-commerce brands and businesses to create, manage, and verify digital collectibles across multiple blockchain networks. By combining the power of NFTs and advanced geographic data mapping, DeStore delivers seamless, secure, and scalable solutions for the evolving digital economy.

DeStore Partners with Labrys to Scale DeAR Across Multiple EVM Chains

DeStore Network — Tue, 01 Oct 2024 11:56:20 GMT

DeStore x Labrys Partnership

We are thrilled to announce that DeStore has partnered with Labrys to scale DeAR, our groundbreaking NFT Redemption project, across multiple Ethereum Virtual Machine (EVM) chains. This strategic partnership will enable us to integrate DeAR seamlessly into the blockchain ecosystem, unlocking enhanced scalability, efficiency, and user engagement.

Labrys is Australia’s largest blockchain development company with a stellar reputation. It has extensive experience building infrastructure for Substrate and EVM chains, including L2s built using Polygon’s CDK. Their proven track record in blockchain development, advanced infrastructure, and cutting-edge technology will ensure a smooth and efficient deployment of DeAR across various EVM-compatible networks. This collaboration, with Labrys at its core, promises greater accessibility and flexibility for users and developers, positioning DeAR at the forefront of blockchain innovation.

Stay tuned as we unleash DeAR and propel the next phase of decentralized technology!

About Labrys:

Labrys is Australia’s largest blockchain development company and Web3 consulting agency, with global recognition for their expertise. They specialize in delivering end-to-end solutions for blockchain and Web3 projects, including NFT, DeFi, and dApp development. Labrys is part of the Polygon zk CDK and has built robust infrastructure for Substrate and EVM chains. Their innovation, security focus, and comprehensive services support creating groundbreaking solutions that shape the decentralized world.

About DeStore:

DeStore releases ISPO on Astar Network

DeStore Network — Thu, 09 May 2024 05:46:39 GMT

With DeStore onboarding to the Buid2EARN program, we are happy to announce that we are releasing our ISPO on Astar Network. Our community can earn our ISPO through Astar Network’s dApp staking program with their token ASTR.

Let’s dive into what it means to stake with us. Join our ISPO and Stake your ASTR. Get Started by STAKING HERE

What’s dApp Staking?

dApp Staking is a crucial accelerator in realizing the Web3 vision, as it lays the foundation for the development of exceptional dApps for users and fuels the drive towards making Web3 accessible to all.

Upon completion of each term, DeStore will provide a report containing each stakeholder’s equity allocation. Equity distribution will commence upon completion of the second term.

What’s in it for the Stakers?

DeStore Initial Stake Pool Offering (ISPO); In line with the release of Astar dApp Staking v3, DeStore is offering 2% of its equity over two terms, each term lasting 4 months and releasing 1% of the equity.

With our community in mind, each pool of stakers will be divided into two groups:

Stakers with less than 25,000 ASTR, staked with DeStore for the duration of the term, will receive 0.25% of the Equity allocation based on their contribution to the pool.
Stakers with more than 25,000 ASTR, staked with DeStore for the duration of the term, will receive 0.75% of the Equity allocation based on their contribution to the pool.
Note: All stakers who supported DeStore prior to the release of Astar dApp Staking v3 will receive an additional 0.5% of DeStore equity, based on their contribution to the pool, as a token of appreciation.

In addition, as DeStore issues a token in the future, stakeholders will be issued tokens equal to their share in the company.

Equity Allocation Reporting

Upon completion of each term, DeStore will provide a report containing each stakeholder’s equity allocation. Equity distribution will commence upon completion of the second term.

How will the Equity be distributed?

The Equity Claim button will be made available on the DeStore Platform. Stakers will be able to claim their equity as Free Private Shares of DeStore’s Parent Company, MetaRock Ltd, registered in the British Virgin Islands (BVI Company Number 2129177).

Where can I find more information about the project?

Please find additional information about DeStore/DeAR and our vision for the company in our proposal.

Learn more about dApp Staking — https://astar.network/blog/dapp-staking-v3-user-guide-49692

Learn more about ISPO — HERE

Learn more about our Build2Earn onboarding — https://tinyurl.com/DeStoreBuild2Earn

About DeStore Network

DeStore Network is an e-commerce platform that enables businesses to sell Hybrid assets on a Web3 platform. It offers a unique solution for an emerging market by connecting old and new technologies and providing a minting platform for Blockchain-based Digital Twins of physical products.

DeStore’s platform is designed to be easy to use and includes educational tools and trackable sales history. It specializes in real-world assets and is 3D-compatible, enabling Web3 businesses to create AR, VR, and XR shopping experiences for their customers. DeStore’s Digital Twin technology will identify real-world assets virtually, allowing businesses to sell metaverse-compatible Web3 products.

Gavin Wood, in collaboration with GBM, announces his Charity Bid-to-Earn Auction.

DeStore Network — Thu, 09 May 2024 05:45:57 GMT

In our recent AMA with the GBM auction, Co-Founder Hugo McDonaugh spilled the beans on our epic collaboration with Gavin Wood, the mastermind behind Ethereum and Polkadot. In this auction, they auctioned off three mind-blowing technical papers on Ethereum, Polkadot, and the mysterious JAM using DeStore Network’s Digital Twin Claim Cards.

https://medium.com/media/ddb38af2637d29ad616420e689f5f0e2/href

Digital Twin Claim Cards

Each card is like a VIP pass with this auction, allowing you to scan it and track all the details, including bids, tokens, and the NFT. It’s like having a physical link to the digital world, making the whole experience more tangible.

Piece of History

Winners of the auction got the chance to own a piece of history while supporting a great cause. Dr. Gavin Wood, the genius behind Ethereum and Polkadot, is hosting a Bid-to-Earn Auction on the Moonbeam Network, and it’s going to be a wild seven-day ride starting May 16. All the proceeds went to charity.

To learn more, go to the auction at https://gavinwood.gbm.auction.

About GBM

Bid-to-Earn Auctions by GBM™ revolutionize the auction experience by incentivizing participation. Bidders earn money if they are outbid, making auctions more engaging and popular. This leads to better price discovery and higher revenue for sellers. The system is easy to integrate and offers support from experts in pricing, user experience, and game theory.

Website | Discord | Twitter

About DeStore Network

Marketdot x DeStore joins forces to bring you revolutionary products!

DeStore Network — Thu, 09 May 2024 05:29:12 GMT

Marketdot x DeStore collaboration

DeStore and MarketDot proudly announce a pioneering partnership to revolutionize commerce and product experiences. Collaboratively, our teams will unleash a new era of Web3 merchandise for brands within the Polkadot ecosystem.

Marketdot Marketplace

Marketdot brings merch to Polkadot

Did you know? Marketdot has been working with the Polkadot ecosystem for a while now. They’re well-versed in the vibrant and supportive Polkadot community and armed with top-notch tech. Dive into their expertise from their past explorations of the ecosystem. Get started here

Cool Polkadot Hoodie

Cool Swag for all seasons

With MarketDot, you can take your hoodies to the next level! They are bringing back the vibe in Polkadot with cool NFT swag. This cool swag will make your friends go, “Where did you get that hoodie?” So don’t miss out on getting some cool new threads.

About DeStore:

DeStore is a revolutionary Direct-to-Customer Sales (DTC) Network empowering DAOs and SMEs to tokenize real-world assets, creating multi-resource Digital Twins with utility across Real Life (IRL), Virtual Reality (VR), and Augmented Reality (AR). Our platform offers user-friendly interfaces, live sales tracking, and a marketplace for Blockchain-based Digital Twins tied to physical products.

About MarketDot:

MarketDot started as an innovative Polkadot project that revolutionized commerce by bringing merchandise directly to people through Shopify integration. Over time, it has evolved into a project that seeks to boost the Polkadot ecosystem through marketing strategies focused on attracting new users. Focused on harnessing the power of Polkadot, MarketDot offers seamless integration between digital marketing and e-commerce, reshaping how merchandise is bought and sold in the digital age.

| Website | X |

What are Digital Product Passports?

DeStore Network — Wed, 27 Mar 2024 12:49:40 GMT

Digital Product Passport (DPP)

The future landscape is evolving rapidly, shifting how we engage with products. Within the realm of Web3, there’s a casual adoption of the term Real-World Assets (RWA), but do we truly grasp its significance?

Many perceive it as simply transferring tangible assets onto the blockchain. While this holds, it represents only a fraction of its potential. The current focus in Web3 is migrating intellectual property (IP) with brands onto the blockchain or the DePin sector Decentralized Physical infrastructure, which is somewhat correlated to the RWA space. However, we’re progressing towards creating digital collections, validating physical asset ownership, and integrating augmented reality (AR) functionalities with tangible goods. These incremental steps are crucial in establishing ownership credentials.

https://medium.com/media/a8e991885d5af2fb8b542690e9ec0b69/href

The world is changing

As global dynamics evolve, our industry must adapt. It’s imperative to account for our products’ environmental footprint. Initiatives like those undertaken by the EU aim to provide comprehensive product information, including manufacturing details, materials sourcing, and carbon emissions. This empowers consumers to make informed choices and understand the long-term impact of their purchases on the environment. In the era of sustainability, it’s essential to acknowledge the consequences of our actions and promote responsible recycling practices.

From Source to end-of-life shows the true value of DPPs

Enhancing QR Use cases

Enter the Digital Product Passport (DPP), a game-changer in this paradigm. DPPs offer attestations from manufacturing to end-of-life, incentivizing recycling through comprehensive product data. DeStore enhances this process by employing secure Smart QR codes for authentication utilizing a more traditional interface. At the same time, on the backend, we introduce blockchain-based elements that mitigate the risks associated with tampering since blockchain is immutable by nature. Security is paramount in ensuring the integrity of product information and preventing manipulation by malicious actors.

With the adoption of DPPs, manufacturers can explore cleaner production methods and earn blockchain-backed carbon credits. This initiative represents a significant departure from traditional centralized channels, aligning incentives with environmental stewardship. Blockchain-based RWAs spearhead a transformative narrative, paving the way for practical, real-world applications. We stand at the forefront of this movement, amplifying these narratives for tangible impact.

DeStore’s variations of QR Codes

Next steps

DeStore is tackling small-scale integration by using enhanced QR codes for ownership verification in clothing and ticketing systems. Next, we aim to partner with large-scale ticketing entities like football, railways, and even apparel companies. Our goal is to shape the future of blockchain-based DPPs, offering better solutions for proving product origins and highlighting sustainable, ethical sources. We’re building a better world, one step at a time!

About DeStore Network

DeStore releases ISPO on Invarch DAO Staking

DeStore Network — Tue, 26 Mar 2024 11:35:37 GMT

InvArch x DeStore

What is DAO Staking?

InvArch DAO Staking is a fork and extension of Astar dApp Staking on Astar Network. It allows $VARCH token holders to stake towards DAOs.

You can explore the InvArch DAO Staking platform by visiting their Website (note that you must have a Polkadot wallet connected).

While staking rewards are the same regardless of which DAO a user stakes toward, this community-driven mechanism funds DAOs on the InvArch Network based on each DAOs proportional share of staking support across the protocol.

What’s in it for the Stakers?

DeStore’s InvArch Network DAO Staking Proposal seeks to attract $VARCH stakeholders, offering Equity in the company via an initial stake pool offering (ISPO) and yielding to stakeholders via InvArch DAO Staking.

What is an Initial Stake Pool Offering (ISPO)?

An ISPO is a fundraising approach where projects distribute Equity to participants who stake a specific cryptocurrency in a designated pool. Instead of purchasing tokens outright, individuals stake their tokens to support the project. The amount of staked tokens determines the participant’s eligibility for the project’s Equity.

For instance, our ISPO rewards participants with our Equity while allocating tokens proportionally equal to their share in the company. Find more information about ISPO in our Medium article.

Our DeAR explorers Web3 through our ISPO

Staker benefits: Stake Here

DeStore is allocating 0.5% equity to those staking their $VARCH tokens with us for at least 5 out of 6 months over Q2 and Q3 2024. The minimum allocation is 500 $VARCH.
DeStore will allocate 0.25% each quarter, and the number of tokens staked with us will be calculated as the average during the minimum period.
Allocation of 0.5% of DeStore Equity will be based on your contribution to the pool.
In addition, as DeStore issues a token in the future, shareholders will be issued tokens equal to their share in the company.

We encourage our communities to claim Equity as part of DeStore’s future.

When does DeStore’s ISPO begin?

All $VARCH holders are invited to participate in DeStore at any time! Our ISPO will start in Q2 2024 and run until the end of Q3 2024. Stake Here

Extending our ISPO with InvArch!

Our Q3 InvArch Network DAO Staking term has ended, but new opportunities have arisen! We’ve updated our model to

We have doubled our token rewards for Q2 & Q3 stakeholders.

We are offering 2x the tokens rather than equity.

Learn More Here

In light of our success with the community, we are extending our ISPO for Q4 and Q1 2025! Current stakers are good, but for new stakers, you have another chance to earn DeStore tokens by staking your $VARCH staked to be eligible!

Equity Allocation Reporting

Upon completion of each term, DeStore will provide a report containing each stakeholder’s equity allocation. Equity distribution will commence upon completion of the second term.

How will the Equity be distributed?

The Equity Claim button will be made available on the DeStore Platform. Stakers can claim their Equity as Free Private Shares of DeStore’s Parent Company, MetaRock Ltd, registered in the British Virgin Islands (BVI Company Number 2129177).

We aim to establish DeStore as a pioneer on Web3 and share our success with the InvArch Network community!

Thank you for considering staking with us! Stake Here

About InvArch Network

The InvArch Network is an Omnichain Account abstraction hub optimized for decentralized operations & financial management spanning across every blockchain.

InvArch provides individuals, organizations, and DAOs with a single account that can be used to manage all of their assets and execute transactions across any network.

About DeStore Network

“The Digital Product Passport: Shaping Tomorrow’s Standards!”

DeStore Network — Wed, 20 Mar 2024 15:30:01 GMT

Mattresses at their end of life.

As concerns about carbon emissions grow, individuals and businesses become increasingly conscientious about their environmental impact. Recognizing this trend, DeStore is embracing the emergence of Digital Product Passports (DPPs) as a vital tool for certifying products as sustainable or scalable, particularly in light of the alarming number of discarded mattresses — estimated at around 30 million annually across Europe alone.

Each year, Europe witnesses millions of mattresses reaching the end of their useful life, with the majority meeting a fate in landfills or incineration, significantly contributing to carbon emissions.

Sustainability in the process!

Top producers of bedding companies produce 1 million + mattresses per year. By predominantly utilizing pure polyester covers, which are recyclable compared to mixed materials, the Bedding industry is actively seeking to reduce waste.

There’s a noticeable uptick in initiatives focused on dismantling and recycling mattresses,” observes a proponent for lower carbon emissions.
However, comprehensive information about mattress composition is imperative for these efforts to succeed. This is precisely where the digital product passport comes into play!

DPPs are being rolled out across the EU to bolster sustainability endeavors. They compile crucial data about a product’s environmental impact, materials, production process, and journey.

Beginning in 2027, DPPs will become mandatory for industrial and electric vehicle batteries, with textiles and other sectors expected to follow suit by 2030.

https://medium.com/media/72c0311b4625cb15ffee415ef6759783/href

Leveraging DeStore’s technology of verifiable asset tagging, information about these mattresses and other products is seamlessly transmitted to recycling facilities and European commissions for proper documentation. Complete with attestation and verifiable tagging, this process ensures responsible disposal and acknowledges recyclers’ contributions.

Experts from top universities believe better-informed consumers can drive manufacturers and distributors to prioritize sustainability. This will catalyze eco-design initiatives, recognizing that 80% of environmental impact is determined during product design.

Various industry consortiums are collaboratively establishing standards for DPPs, emphasizing cooperation across supply chains and competitors.

The aim is to tag one million mattresses by 2027, with digital product passports set to debut this year. These passports will be affixed to mattresses via QR codes, allowing consumers to access details about origin, composition, warranty, and care instructions. Meanwhile, RFID tags embedded within mattresses will enable recyclers to access passport data, strengthening proper disposal efforts conveniently.

However, concerns arise about the security of such methods, as QR codes can be manipulated, and RFID tags can be scanned using various triangulation methods. DeStore addresses these challenges by ensuring data integrity through verifiable asset tagging, which is essential for reducing carbon emissions through recycling initiatives.

Manufacturers often source raw materials from multiple suppliers, so items that appear identical may have differing carbon footprints. DPPs mitigate this disparity by accurately reflecting nuanced differences in product data.

EU Commissioners are demanding better results!

The EU’s Corporate Sustainability Due Diligence Directive will hold companies accountable for the accuracy of reported data, including claims on digital product passports. This underscores the importance of DeStore’s role in offering attestation for reliable information obtained through meticulous mitigation efforts. “Let’s pave the way for a sustainable future!”

DeStore: Revolutionizing Real World Assets (RWAs) in the Digital Space

DeStore Network — Wed, 14 Feb 2024 01:00:10 GMT

Unlocking the Power of Real World Assets (RWAs)

Real-world assets (RWAs) serve as a testament to the transformative capabilities of blockchain in real-world scenarios. This fusion of the Physical and Digital Worlds extends beyond the digital realm, incorporating tangible assets like bonds, real estate properties, commodities, and machinery. DeStore, in particular, emphasizes streamlined client outreach by focusing on selling physical goods. Accompanying these goods is a Digital Twin Claim Card (DTCC), a concise way to connect with a broad audience and provide immediate funding to vendors on our platform, facilitating the acceleration of their projects. With our next focus on Ultra Collectible, we are aligned to create some interesting products! RWAs bridge the gap between the physical and digital domains and introduce previously elusive financial tools into Decentralized Finance (DeFi), ushering in many innovative applications.

How DeStore Utilizes RWAs

DeStore takes the utilization of RWAs to new heights by transforming them into dynamic Phygitals or Hybrid assets. Leveraging the Digital Twin technology blockchain, DeStore creates playful and cool assets with various use cases. For instance, DeStore pioneered the sale of the first Phygital NFT on T.V. within the metaverse, unlocking many opportunities. Integrating Digital Twin and blockchain technology enables the creation of Hybrid NFTs capable of holding diverse forms of information, including music, video, documents, and 3D printer schematics. This groundbreaking technology, inspired by our collaborators at RMRK, introduces multi-resource capabilities, allowing for the creation of layers or Modular NFTs, often called NFT 2.0.

Understanding the Essence of RWAs

RWAs, as harnessed by DeStore, mirror tangible assets recognized globally for their substantive value. With more traditional RWA’s, whether real estate, commodities, or machinery, these assets hold significant economic value and promise future benefits. By embracing RWAs, DeStore positions itself at the forefront of a Web3 Shopify experience!

Integration of RWAs into Blockchain and DeFi

DeStore’s integration of RWAs into blockchain and dCommerce marks a revolutionary leap in tokenizing universally acknowledged tangible assets. This process streamlines the secure buying, selling, and trading of assets on digital platforms. Fusing traditional assets with cutting-edge digital technology aims to enhance liquidity, accessibility, and transparency, creating a transformative experience for buyers and owners within the DeStore ecosystem.

Unlocking the Value: DeStore’s Perspective on RWAs

In traditional finance, tangible assets constitute a substantial portion of global financial value. DeStore recognizes the challenges associated with these assets, including high entry barriers and regulatory constraints. DeStore addresses these challenges by leveraging RWAs, enabling fractional ownership of real-world assets. This democratization of access broadens the market, making it inclusive for previously excluded individuals.

The Tokenization Effect: Bridging Tradition with Innovation

DeStore sees RWAs as a bridge between traditional and technological realms, fostering inclusivity and innovation. The tokenization of tangible assets into smaller, digestible units democratizes investment access, leveling the playing field in traditional financial markets. DeStore envisions a future where innovation and tradition coexist seamlessly.

Examples of RWAs in the general space

Exploration of RWAs extends to various use cases:

Bonds: Earn yield through bonded RWA tokens backed by sovereign bonds such as U.S. Treasury bills and bonds.
Real Estate: Tokenized real estate on platforms allows fractional ownership, empowering individuals to earn rental income.
Commodities: Tokenized fine art offers fractional ownership, democratizing fine art investing.
Art and Collectibles: Inspired by platforms like Maecenas, it enables fractional ownership of artworks and collectibles.
Equipment, payment, and Machinery: Exploration tokenization is used for industrial equipment and machinery, allowing fractional ownership and optimized asset utilization.

What’s Next for RWA’s

Exploring real-world assets (RWAs) for decentralized finance (DeFi) growth has led to significant interest in tokenizing traditional financial assets, including gold, stocks, and commodities. In 2021, Franklin Templeton launched the pioneering Franklin OnChain U.S. Government Money Fund on Stellar, later expanding to Polygon in 2023, becoming the first U.S. registered mutual fund utilizing a public blockchain. Recognizing the transformative potential, Bank of America sees RWA tokenization as a key driver of digital asset adoption, citing the success of the tokenized gold market with over $1 billion in investments. There is also increasing demand for tokenized U.S. Treasury bonds, contributing to a combined market capitalization of tokenized money market funds approaching $500 million. Boston Consulting Group forecasts substantial growth in the tokenized asset market, projecting it to reach $16 trillion by 2030. It highlights RWA tokenization's promising future, allowing DeStore to become a more relevant entity!

DeStore’s Outlook on RWAs

As a pioneer in integrating RWAs, DeStore envisions reshaping the asset landscape by seamlessly integrating tradition with technology. The ongoing evolution of technology is anticipated to propel the utility and application of RWAs, fundamentally altering how people approach investment and asset management in the digital age.

About DeStore Network

DeStore’s platform is designed to be easy to use and includes educational tools and trackable sales history. It specializes in real-world assets and is 3D-compatible, enabling Web3 businesses to create A.R., V.R., and X.R. shopping experiences for their customers. DeStore’s Digital Twin technology will identify real-world assets virtually, allowing businesses to sell metaverse-compatible Web3 products.

First Community Call Recap

DeStore Network — Sat, 10 Feb 2024 17:43:47 GMT

DeStore’s First Community Call! 17.1k Listeners!

After a long wait, our first community call emphasized the vital role of community. Thanks for your support! Building DeStore is a collective effort, and your questions drive us to improve. Your unwavering support fuels our commitment. Let’s keep thriving together!

Listen to the full X Space here!

Contents:

Introduction
Reflection
The transition from dApp Staking v2 to v3
2 Pools: One Amazing ISPO
Empowering Our Community with Our ‘Leadership’ Program
Conclusions
Final Thoughts

We started by introducing Josiah Kotzur, CEO and founder of DeStore Network. He dedicated three years to building DeStore, starting with Meta Rock and collaborating with Discovery Channel. Despite minimal funds and self-funding, he built DeStore, connecting with huge entities such as filming on the show Outback Opal Hunters 2yrs prior, selling the first Phygital NFT on TV in the metaverse, joining Sony Communications and Astar Network for their incubation, with the original journey beginning by turning Opals into blockchain-sellable items through 3D scans. The pivot to selling real-world assets (RWAs) beyond opals shaped DeStore today!

Moving over to Dustin Lee, the CMO of DeStore. His extensive background makes him deeply intertwined with the Polkadot and Astar ecosystems. His journey includes engagement with diverse communities and collaboration with teams like Darwinia Network, working alongside Josiah on the Business Development team. Then, when Josiah pivoted to build Metarock, he became an angel investor and made advisory contributions in Meta Rock’s early stages. Over time, he met Sota Watanabe, Astar Network Founder, which eventually led to his integration into the team. After acquiring valuable marketing insights over nine months, As of the summer of 2023, Dustin Lee returned to DeStore as a core member. Leveraging his profound understanding of human nature, he employs extensive knowledge to foster community growth within DeStore.

We are all Assets in different Facets!

Reflection

Discussions revolve around the significance of building a sustainable future amidst changing market conditions and the need for mental strength to ensure stability and community-focused intentions. A resilient team has weathered challenges in the last two bull runs, emphasizing their commitment to future development. Josiah, Founder of DeStore, expresses the difficulty of grasping the challenges faced by startup founders. Despite external successes like collaborating with Discovery and Sony incubation, attracting investors in the early stages, especially during bear markets, proves challenging yet humbling. DeStore remains steadfast in its steady building approach, enhancing resilience.

Entering a novel frontier, we pioneer Hybrid Assets — Real World Assets (RWA) paired with Digital Twins or Hybrid NFTs. Embracing the evolving landscape of Real World Assets (RWA) and Decentralized Physical Infrastructure (DePin), we strategically engage in this emerging narrative and industry.

Milestones

In one month, we have grown our Discord community, surging upwards of 150+ members, and we’ve received over 10.7M staked $ASTR with a $2M USD TVL on dApp Staking! With ongoing Build2Earn onboarding, we’re thrilled about community progress. Testers rigorously evaluate our website and products, including physical testing for our future testers! The ‘Leadership’ Program is actively welcoming new members. We’ve coined Hybrid NFT, Phygital, and Digital Twins to recognize the need for mass-friendly terminology. These evolving terms cater to a broader audience transitioning to Web3, making blockchain usage seamless for everyone.

The transition from dapp staking v2 to v3

Navigating the changes in Astar Tokenomics 2.0 and dApp Staking V3 is challenging but crucial. They work together but differ. dApp Staking V3 dynamically controls ASTR token inflation (24.4%). In the previous iteration with v2, the proposed amount was 15.8%. With the dApp staking V3 allocated tier-wise — unmet tiers slow token circulation, creating pressure for controlled ASTR release. Gamification, marketing, and social dynamics add agility. With this balance, it helps promote smaller dApps, fostering inclusivity. The tier system provides insight into Build2Earn, enhancing onboarding and project kickstart. Understanding the psychological aspects and game theory offers a strategic advantage. We’re excited about this dynamic ecosystem! Learn more about dApp Staking V3 here.

We view Astar Network as the gold standard for nurturing early-stage projects. With a proven model, we stand ahead of the competition. We are excited to be part of this advantageous community; we appreciate the support that brought us here!

As we move to dApp Staking V3 and initiate the unstaking process, we seize the opportunity to actively engage and educate our community. DeStore is more than just a project; it’s our collective community. With shared success, we aim to elevate DeStore to a top-tier dApp on dApp Staking!

2 Pools: One Amazing ISPO

Closing our “OG stakers” phase on February 9th, 12 AM UTC marked a significant step. This precautionary deadline aimed to accommodate everyone. Seeing an additional 300k $ASTR staked post-deadline delights us! Thank you, community! Now, let’s explore the next ISPO staking phase! The proposed release of v3 is around Feb 16th, 2024, and beyond(Astar’s recent post on the subject)

Introducing our Initial Stake Pool Offering (ISPO) — Learn more about it in our detailed ISPO guide.

In conjunction with the launch of Astar dApp Staking v3, DeStore presents 2% of its equity through two 4-month terms, with 1% equity released each term. Check out our current ISPO staking details below.

With our community in mind, each pool of stakers will be divided into two groups:

Stakers with less than 25,000 ASTR, staked with DeStore for the term, will receive 0.25% of the Equity allocation based on their contribution to the pool.
Stakers with more than 25,000 ASTR, staked with DeStore for the term, will receive 0.75% of the Equity allocation based on their contribution to the pool.
Note: All stakers who supported DeStore before the release of Astar dApp Staking v3 will receive an additional 0.5% of DeStore equity, based on their contribution to the pool, as a token of appreciation.

Furthermore, when DeStore introduces its token in the future, stakeholders will receive tokens proportionate to their ownership in the company. More details on the DeStore token will be revealed over time. Stay tuned!

More details about your ISPO on our Astar dApp Staking Portal landing page!

Empowering our community through the “Leadership” Program.

As discussed in the X space, we are thrilled to introduce our ‘Leadership’ program. This initiative recognizes and appreciates outstanding individuals in our community — those who are supportive, eager to learn, and dedicated to shaping the future of DeStore. They serve as the backbone of our community, and we express our sincere gratitude for their efforts. In the journey to formalize their roles, we have developed a comprehensive ‘Leadership’ Program to nurture the future leaders of DeStore!

DeStore Leadership Program Summary:

Embark on an enriching journey to become a pivotal leader for DeStore, fostering community engagement, content creation, and leadership skills. Explore the tiers and expectations outlined in our detailed “Leadership” Program to discover thrilling opportunities. Join top-tier leaders globally, positioned for growth and success, in a community of knowledgeable, helpful, and exceptional individuals.

Discover the details of our ‘Leadership’ Program and sign up through our form to unleash the leader within you!

Empowering a Collective Mission:

At DeStore, we prioritize community and self-empowerment to empower dynamic individuals for a sustainable future. Together, we aim to enlighten others about self-sovereignty and sustainability, unlocking boundless opportunities.

Leadership Program Overview:

As a DeStore Leader in our “Leadership Program,” you drive community initiatives, engage users, create diverse content, host X-Spaces, and contribute to community onboarding. As Leadership grows, responsibilities may be delegated to focus on effectively harnessing your skills. Rising through the tiers brings opportunities like client interactions, consultations, and potential sales commissions with our “Leadership” tier. We want to promote within, and our community is #1 for this reason!

Ambassador Qualifications:

We’re looking for enthusiasts with expertise in emerging tech, a profound understanding of human connection, and a genuine passion for DeStore’s vision. While English fluency is appreciated, we welcome diverse backgrounds, languages, and community engagement!

Join us on this journey and become a Leader with our “Leadership” program here!

Conclusions:

Our primary focus is leveraging our partnership with Astar Network and collaborating with Japanese partners to target ‘no-coiners’ in Japan. Our short-term goal is to attract 100k users through e-commerce, utilizing AR functionality for multi-asset NFTs in the Metaverse. Instead of requiring coins, we opt for a scalable approach, aiming to collaborate rather than compete in the RWA ecosystem. Using our Digital Twin minting standard generates revenue, allowing brands to market through traditional e-commerce channels. Each product purchase includes a Digital Twin Claim Card (DTCC), offering a unique NFT experience and easy onboarding to Web3 and Astar Network — More on DTCC.

As we embrace the future of digital ownership, our efforts are directed towards offering digital products on the recently launched TikTok shop. This provides our community with AR functionality and products like hoodies with filters that are usable as avatars in the metaverse. Unbeknownst to them, they now own a Hybrid NFT! This is our way of unlocking Web3 for the masses!

Final thoughts

We are gearing up for a long-term plan, currently in a transitional moment where flexibility, agility, and a willingness to pivot are crucial. Our focus is revenue generation to bootstrap DeStore for resilience in the years ahead. As part of this plan, we actively engage with clients for products featuring our Digital Twin minting standard. While early discussions are ongoing about integrating our Digital Twin Claim Cards (DTCCs) with other projects, we invite our community to join our ‘Leadership’ program for internal discussions with our core members. Join the DeStore story and be a part of our future by signing up for our ‘Leadership’ program now!

Including documents and links

“Leadership” Program Form

“Leadership” Program Summary

dApp Staking V3 explained

Astar Tokenomics 2.0

DeStore dapp Staking Portal

Digital Twin Claim Card DTCC Explained

ISPO Explained

About DeStore Network