DUST Token Overview

All you need to know about Ether Cards Dust token.

DUST Token Overview

Ether Cards is an NFT gamification and monetization framework that connects real-world utility with the digital space. This framework allows talent, celebrities, and projects to connect with their communities in engaging and unique methods, while simultaneously unlocking new monetization channels.

The Ether Cards Platform is a community-driven NFT framework, enabling every creator to maximize the value of their NFT asset or series by expanding the capability of any NFT Marketplace. It allows anyone to set up tickets, puzzles, bounties, and a dozen other different events for any NFT asset of their choice.

Anyone can use the platform, but Ether Card owners will receive additional benefits such as free services, discounts, VIP Access Passes, free NFT drops, and other special bonuses. You can set up your own event on the Ether Cards platform, either minting your own NFT, or using an existing one minted on another platform like Nifty Gateway, Rarible, or OpenSea. Currently, the platform supports both ERC-721 and ERC-1155 token standards. All event proceeds are kept by the event creator except for a one-off set-up fee for each event.

The Ether Cards Collection is the original and most powerful NFT series in the ecosystem. Similar to a VIP Membership Pass, these cards provide many benefits to those that hold one. Some of these benefits include early access, discounts, free NFTs, raffle tickets, upgrades, and much more.

Supporting the entire ecosystem is DUST. This ERC20 utility token rewards Ether Card owners and platform users through automatic staking, reserve & exchange for NFTs, discounted platform use, and more. The utility of this token is as broad as it is powerful.


What is an ERC20 token?

The ERC-20 introduces a standard for Fungible Tokens, in other words, they have a property that makes each Token be exactly the same (in type and value) as another Token. For example, an ERC-20 Token acts just like the ETH, meaning that 1 Token is and will always be equal to all the other Tokens.

NFTs, or Non-Fungible Tokens, are essentially the opposite of this in that each token is fully unique, and regardless of how similar it is to other tokens, one token cannot be said to be interchangeable for any other token. If fungible tokens are like a dollar coin, worth the same as any other dollar coin, non-fungible tokens are like a painting or statue, they might be of similar value, but they are not identical.

By creating the DUST token as an ERC20, it is automatically compatible with any Ethereum wallet that accepts ERC20s (or at least most of them). It also allows for the easy exchange of this token for any other ERC20 token or for ETH.


What can DUST do?

DUST is a utility token that will be used across the entire Ether Cards ecosystem. One of the initial use-cases for DUST is the ability to exchange set amounts of the token for NFTs.

There have been numerous pools of NFTs set up by Ether Cards where anyone with enough DUST can exchange for a random NFT from the respective pool. The following pools have been set up with more to come in the future:

As Ether Cards support new NFT drops and partners, more pools will be added.

DUST may be exchanged in the future for other items within the Ether Cards ecosystem such as accidental collaborative layer packs, Traits, Trait Upgrades, Skills, and more.

DUST can also be used to pay for services within the Ether Cards ecosystem. From entering into a raffle, claiming early access priority for upcoming NFT drops, or setting up a new NFT collection, DUST will be one of the most attractive access options available.

Note: The list of items DUST can be exchanged for is not exhaustive and can change without notice.

How is DUST acquired?

The primary way to obtain DUST is to own an Ether Card. The very first portion of DUST was dropped onto all Ether Cards on September 30th, 2021. Each of the 27 CryptoPunks are exchangeable for 1,000,000 DUST tokens. In total, 27,000,000 DUST tokens were airdropped onto all Ether Cards in the following amounts:

  • Each OG: 100,000 DUST tokens
  • Each Alpha: 10,000 DUST tokens
  • Each Founder: 1,000 DUST tokens

Beginning in January 2022, daily DUST collection is expected to begin. Each card will collect DUST based on the card tier. An Alpha will receive a higher base rate than Founder, and an OG will receive the highest base rate.

How is DUST utilized?

There are many different avenues with which to use DUST. In the initial stages, anyone who wishes to access their DUST will need to claim it off their Ether Card(s) into their wallet first. This is a simple transaction that requires paying gas fees.

A DUST Counter now appears on the top of each Ether Card. In order to claim DUST from an Ether Card, connect the wallet containing the card(s) on the Ether Cards website. Click on the DUST Counter to claim tokens individually from a card or claim the total amount of DUST from all Ether Cards in the Wallet section. Terms and conditions will apply.

Once you have claimed the DUST into your wallet, you will be able to send it anywhere you want or exchange it for any item on the Ether Cards website.

Daily Dust Collection Details

There are still more details to be revealed around the DUST utility tokens. The team has been working and refining these details for months to ensure they take the most sustainable and growth-friendly approach.

The daily DUST collection numbers are as follows:

Disclaimer‌‌

For legal purposes, we have to include this disclaimer. This of course doesn’t mean that we won’t do our absolute best to make every feature possible, but since this is new technology and new legal territory, we need to make sure that the terms and conditions are in order.‌‌

Ether Cards makes no representation, warranty, or undertaking, express or implied, as to the accuracy, reliability, completeness, or reasonableness of the information in any posts. Any assumptions, opinions, and details expressed in any Ether Cards blog or community posts constitute Ether Card’s judgment as of the date hereof and are subject to change without notice. Any projections or claims contained in the information are based on a number of assumptions including, but not limited to market conditions and the current status of Ether Cards, and there can be no guarantee that any projected outcomes will be achieved.‌‌

Ether Cards does not accept any liability for any direct, consequential, or other loss arising from reliance on the contents of the information in this post.