Got any questions about DARK? We're happy to answer them.
The reasons to buy DARK are many, and we welcome you to ask us in our Telegram, but in brief DARK:
DARK takes a 10% fee on every buy and sell. That 10% fee is then distributed as follows.
The various addresses that DARK is using are as follows:
DARK's price action is currently tracked at the following services:
Liquidity has been locked until Halloween 2022, at which point the lock will be renewed for another year.
Ownership is not renounced at this time. This is to allow the core team flexibility to grow DARK long term by introducing new features and mechanics that will help grow the value of DARK.
The team behind DARK has dedicated themselves full time to being able to grow DARK, and takes their compensation directly out of the team wallet. Having compensation structured this way allows for the team's incentives to be focused on providing more value to holders.
Since the team doesn't hold any DARK, there is no need for the team to sell on the market in order to realize a profit. They are instead compensated by the fees that go into the team wallet. The more valuable DARK becomes, the more the team earns in team fees as trading volume increases.
In order for a project to be successful, marketing expenses have to be able to be paid for. Instead of holding a large amount of DARK in the marketing wallet and swapping for FTM when those marketing expenses inevitably have to be paid (an action that would create a drop in the price of DARK), the marketing wallet receives FTM directly in it every time FTM rewards are distributed to holders.
This allows for the marketing wallet to keep receiving a stable stream of FTM income (that grows in value as DARK grows) that can be used for long term marketing effort without having to be concerned about funds ever running out and creating an impediment to the project's growth.
The purpose of the burn wallet is to reward holders of DARK by destroying a percentage of DARK's total supply permanently so that the intrinsic value of DARK can steadily increase over time. These burns happen whenever DARK's market cap reaches a specified market (or milestone) size (like 1M mcap, or 10M mcap, for example) and the price action in DARK has stabilized at a demonstrateable price floor.
We chose to structure DARK's burn mechanism this way since doing large burns of supply at launch are functionally pointless and do very little to grow a coin over the long term. Instead, by steadily doing burns over a prolonged period of time as DARK grows in value; we give holders a chance to get into DARK early and realize the steady growth in intrinsic value that happens with a gradual burn mechanism.
The purpose of the growth wallet is to help grow DARK over a long period of time with special events and contests that will entice both new and current investors to buy into DARK. On top of these promotional endeavours, the growth wallet also has a portion of it's total supply of DARK reserved for providing liquidity to any exchanges that list DARK in the future.
In order to receive DARK's FTM rewards, you have to be holding at least 200,000 DARK in your wallet. Keep in mind that FTM rewards also won't show up in your wallet immediately, due to how FTM rewards are distributed amongst holders in a proportional manner.
It may be a couple hours before you see any rewards, and sometimes it can even take up to a day for your rewards if the trading volume in DARK is currently low and it wouldn't be worth the gas fees to try and send the FTM rewards out to holders.
That said, You can rest assured that the DARK Rewards Tracker Smart Contract is always keeping track of your FTM rewards balances, and that you will eventually receive your FTM rewards in your wallet when volume in DARK picks up.
The amount of FTM rewards a holder receives in DARK is proportional to how much of the overall supply they are holding. If you have 2% of all available supply, you will receive a much larger amount of FTM rewards then someone who is only holding 0.01% of supply.
Observant readers will see this and wonder if this proportional method of FTM rewards distribution means that the DARK core team is secretly collecting large amounts of rewards upside by letting the large Growth and Burn wallets receive FTM rewards for holding DARK.
We want to give you peace of mind right now by letting you know that this is not the case. We thought of this exact scenario as we were building out and testing the DARK Smart Contract, and so we went ahead and excluded the following wallet addresses from ever being able to receive any FTM rewards from the DARK Rewards Tracker, NO MATTER HOW MUCH DARK THEY HAPPEN TO BE HOLDING, PERMANENTLY.
We took these measures pre-emptively in order to protect any holders in DARK and ensure they receive the FTM rewards upside they deserve. That said, don't just blindly trust us either! Feel free to verify by checking out the DARK Smart Contract and you'll see that it backs up our claims - the good stuff starts at Line 146 in Token.sol!
Now then, let's continue. When any amount of DARK is bought, sold, or transferred; 10% of the DARK that would have been received (by the purchaser, liquidity pool, or receiver) is taken and sent directly to the DARK Smart Contract and stored in it's balance. This means that the DARK Smart Contract will always hold a fluctuating amount of DARK in it's balance, and that will reflect on the DARK holders list accordingly.
Whenever a sell to the DARK liquidity pool occurs, the smart contract will then see if it is able to perform a swap of the stored DARK in it's token balance to FTM. This decision is made based on the value of the swapTokensAtAmount variable in the DARK Smart Contract.
If the DARK Smart Contract has enough balance to be able to do a swap, it will do so and will receive FTM in exchange for DARK from SpookySwap. This swap will take FTM from the DARK liquidity pool on SpookySwap, and put the swapped DARK back into the DARK liquidity pool.
This will create a sell event that can be seen on the charts that provides a good entry point for any potential investors who have been waiting on the sidelines for a good price to buy DARK. This behaviour helps to create a stable, maintainable, and steadily growing price floor for DARK.
After this swap has been completed, the DARK Smart Contract will then take the FTM that it has received, and distribute the FTM appropriately according to DARK's specified tokenomics. This means that:
This action automatically triggers a distribution of FTM rewards in the DARK Rewards Tracker Smart Contract as soon as the FTM has been received. This means that the DARK Rewards Tracker Smart Contract will always be trying to send out as much FTM to as many holders as it can (as much as available gas fees for the current transaction allows) whenever a swap event occurs.
This behaviour means that the more sell events that happen, the more frequently holders will get their FTM rewards. This should help them be able to weather any sell pressure that happens in DARK. The inverse also holds true, with less sell events happening meaning it will take longer for holders to receive their FTM rewards.
This delay in receiving rewards will also grow as holders in the coin grow, as it will take more sell transactions for the DARK Rewards Tracker to cycle through all holders if there are 100,000 holders then if there 1,000.
That said, during normal market behaviour with normal trading volume in DARK, as a general rule, the average holder should be able to reasonably expect to receive their rewards at least once a day, if not more frequently then that.
DARK_REWARDS tokens are issued to you by the DARK Rewards Tracker Smart Contract. These DARK_REWARDS tokens are minted and sent to you when you buy DARK, and are burnt when you sell DARK. DARK_REWARDS cannot be transferred by itself, but you can freely transfer your DARK to any wallet.
The DARK Rewards Tracker Smart Contract will take care of issuing or destroying the appropriate amount of DARK_REWARDS for any wallet that buys, sells, or receives DARK so that there is never more DARK_REWARDS in circulation then there is DARK.
When the market cap of DARK hits a milestone, we burn a percentage of DARK's total supply to celebrate and reward holders of DARK. The full detail of each milestone and burn amount is as follows:
The DARK project currently consists of three main smart contracts that you can self audit.
The DARK Smart Contract is the main ERC20 token that traders interact with on SpookySwap via buying and selling against SpookySwap's liquidity pool.
The DARK Rewards Tracker Smart Contract is responsible for keeping track of all the rewards that everyone has earned for holding DARK, and automatically sends out those rewards to all holders as frequently as it can. It does this by minting a DARK_REWARDS token when a trader buys DARK and sending that DARK_REWARDS token to them for the purpose of tracking their earned FTM rewards for holding DARK.
When a trader sells their DARK to the liquidity pool in exchange for FTM, the equivalent amount of that investor's DARK_REWARDS is burnt. This allows for the DARK Rewards Tracker Smart Contract to always keep track of an individual holder's DARK balance at any time.
While DARK can be transferred between wallets, DARK_REWARDS cannot be transferred out of a holder's wallet by itself. The DARK Rewards Tracker Smart Contract will take care of issuing or destroying the appropriate amount of DARK_REWARDS for any wallet that buys, sells, or receives DARK so that there is never more DARK_REWARDS in circulation then there is DARK.
The DARK Iterable Mapping Smart Contract is used by the DARK Rewards Tracker Smart Contract to keep track of which investors have currently automatically received their FTM rewards, and who has yet to automatically receive their rewards.
The DARK Rewards Tracker Smart Contract will try to send a holder their rewards every hour or so, but there's no guarantee that every holder will receive their rewards every hour due to the fluctuations that can happen with ever changing trade volume). It's primary use is as a library to allow for iteration over a map based data structure with the ability to find a value by either it's key or index.
In your Metamask Wallet, do the following steps.
Once you've connected your wallet to the Fantom Network, you can buy DARK on SpookySwap which is the most popular decentralized exchange on the Fantom Network. To make things convenient for you, we've embedded the SpookySwap panel below so you can buy DARK directly from within this FAQ!