Dream Machine Token dmt

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Sanko is a project in the Arbitrum ecosystem that can be described as a multimedia-focused infrastructure protocol and an onchain game arcade.

The most well-known app on Sanko is SankoTV, which is effectively a blockchain-enabled version of Twitch (i.e. the leading video-streaming platform).

The onchain game arcade has five games (McAfee’s Main Event, ¡Sanko!, Miya, Sakura Pinball and Milady Tekken), all of which were built in-house. (See historic usage data here.)

In May 2024, Sanko also launched SankoChain, a layer-three (L3) blockchain built on Arbitrum that houses various games and other apps and infrastructure.

Shortly after the launch, SankoPets was released. The team described this as “our first flagship game launch of 2024,” implying that more releases are to come by year-end. (Of note, there will be third-party projects releasing games and apps on SankoPets.)

Dream Machine Token (DMT) is the gas token of SankoChain. Initially, before SankoChain was live, the token launched on Arbitrum One in May 2023. A wrapped version was also released on Ethereum mainnet.

Uniquely, there were 370,000 DMT (i.e. 37% of total supply) in circulation upon launch. While the token’s maximum supply is 1,000,000 DMT, its total supply is slightly lower due to a burn mechanism.

This burn mechanism started with SankoTV when it was on Arbitrum One, but was later extended to transactions on all apps and games that are natively released on SankoChain. (In very simple terms, the more that SankoChain is used, the more DMT will be burned.)

All else being equal (i.e. no change in demand), a decrease in supply causes an increase in price. (More on DMT’s tokenomics.)

The initial distribution of DMT was as follows: public launch (30%), LP and staking rewards (25%), Sanko Labs (20%), development fund (10%), airdrop NFT holders (7%), MBD (5%) and Launchpad (3%). For the public launch, DMT was valued at $10M FDV.

Of the tokens allocated to Sanko Labs and the development fund, 5% were released every 10 days (i.e. 200 days to complete). This release schedule started one month after DMT launched.