Dapp Layer

The Dapp Layer economy revolves around three main sets of participants:

1. Users & dApps:

Users interact with decentralized applications (dApps) through the Dapp Layer by submitting transactions to create, manage, and transfer digital assets. Additionally, they can engage with advanced applications powered by smart contracts and decentralized storage, all within the Dappscape ecosystem.

2. Dapp Layer (DAPPS) Token Holders:

Holders of the Dapp Layer ($DAPPS) can participate in the network’s decentralized governance and staking mechanism. Token holders can stake their $DAPPS tokens supporting network security and earn rewards. They can also vote on key governance decisions, playing an essential role in the evolution and management of the Dappscape ecosystem.

Validators:

Validators in the Dapp Layer manage the processing and execution of transactions across the network. They maintain the network's integrity and security by verifying transactions, proposing blocks, and ensuring smooth network operations. Validators are also responsible for securing the Layer-2 network and upholding its decentralized principles.

The Four Core Components of Dapp Layer:

Dapp Layer ($DAPPS): The $DAPPS token is the native currency of the Dapp Layer. It facilitates network transactions, staking, and governance within the ecosystem.

Gas Fees: All network operations incur gas fees paid in DST tokens. These fees reward participants who contribute to the network, such as validators and stakes, while also acting as a deterrent against spam and denial-of-service (DoS) attacks, ensuring the network remains efficient and secure.

Staking Mechanism: The Dapp Layer employs a staking system where $DAPPS holders can delegate their tokens to validators. This secures the network and incentivizes honest behavior by rewarding validators and stakers with $DAPPS tokens based on their contributions to the network’s stability and security.

Governance: $DAPPS holders have the right to participate in the decentralized governance of Dapp Layer. They can propose and vote on network upgrades, protocol changes, and other key decisions that impact the platform's future, giving the community a direct voice in shaping the ecosystem's evolution.