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Decentrawood news
About Decentrawood
The Decentrawood project is an ambitious initiative to create a metaverse platform that leverages blockchain, virtual reality, and artificial intelligence technologies to simulate the evolution of human civilization. The platform allows users to create, own, and monetize their own user-generated content, including buildings, objects, animations, and even games.
One of the unique aspects of Decentrawood is its focus on interoperability, which means that users can share their creations with others on other platforms. This allows for a more decentralized and democratic metaverse, where anyone can create a space and be part of a global community.
Another key feature of Decentrawood is its native token DEOD, which is used for all transactions on the platform. The token has limited supply, with new tokens becoming available for minting over a period of three years. Additionally, 50% of the DEOD earned by the platform is burned, which could potentially increase the value of the token.
Overall, the Decentrawood project represents an exciting development in the metaverse space, offering users a wide range of experiences and opportunities to create and monetize their own content, while also leveraging the benefits of blockchain, virtual reality, and artificial intelligence technologies.
What is Decentrawood?
Decentrawood is a pioneering project in the metaverse sector, aiming to blend the realms of blockchain, virtual reality, and artificial intelligence to craft a dynamic simulation of human civilization's evolution. This ambitious platform is designed to empower users with the tools to generate, possess, and profit from their creative outputs, such as buildings, objects, animations, and games. A standout feature of Decentrawood is its commitment to interoperability, facilitating a seamless exchange of user-created content across different platforms. This approach fosters a more inclusive and decentralized metaverse ecosystem, encouraging widespread participation and collaboration.
At the heart of Decentrawood's ecosystem is its native cryptocurrency, DEOD, which serves as the medium of exchange for all transactions within the platform. The DEOD token is characterized by a finite supply, with provisions for new tokens to be minted over a three-year timeline. In a move to potentially enhance the token's value, the platform commits to burning 50% of the DEOD tokens earned, reducing the overall supply.
Positioned at #27095 in market cap rankings and with a current trading price of $0.001959 USD, Decentrawood is accessible for trading through specific wallets and plays a significant role in the NFT marketplace. Its vision of redefining multichain adoption underscores its potential to influence the broader metaverse and blockchain landscapes significantly.
As with any cryptocurrency or digital asset, potential participants are advised to conduct thorough research before engaging with the platform or investing in its tokens. This ensures a well-informed decision-making process, taking into account the volatile nature of the cryptocurrency market.
How is Decentrawood secured?
Decentrawood's security measures are not explicitly detailed through publicly available audits, which is a crucial step for any blockchain-based project to ensure the safety and integrity of its platform and user transactions. However, understanding the project's technological foundation can provide insights into its potential security features.
The project's ambition to create a metaverse platform utilizing blockchain, virtual reality, and artificial intelligence suggests a commitment to leveraging advanced technologies for enhancing user experience and security. Blockchain technology, at its core, offers a decentralized and immutable ledger system, which inherently provides a level of security against fraudulent activities and unauthorized alterations. This technology ensures that all transactions on the Decentrawood platform, facilitated by its native token DEOD, are recorded transparently and immutably.
The focus on interoperability within Decentrawood could also contribute to its security framework. By allowing users to share content across different platforms, Decentrawood is likely to adopt standardized security protocols that are compatible with other systems, ensuring a secure environment for users to interact and transact.
Furthermore, the implementation of a token burning mechanism, where 50% of the DEOD earned by the platform is destroyed, indicates a proactive approach to maintaining the token's value and stability. While this mechanism primarily serves an economic function, it also reflects the project's commitment to sustainable growth and security by preventing inflation and potential market manipulation.
Given the absence of a formal security audit, it's essential for potential users and investors to conduct thorough research and exercise caution. Engaging with the Decentrawood community, staying updated on any announcements regarding security measures, and understanding the inherent risks associated with blockchain-based platforms are prudent steps to take.
In summary, while specific details on Decentrawood's security protocols are not provided through audits, the project's technological infrastructure and strategic features suggest a foundational emphasis on security. However, without explicit audit results, the importance of individual due diligence cannot be overstated.
How will Decentrawood be used?
Decentrawood emerges as a pioneering platform within the metaverse, harnessing the power of blockchain, virtual reality, and artificial intelligence to foster a dynamic and immersive virtual world. This platform is designed to empower users by enabling them to create, own, and monetize their user-generated content, thereby contributing to the evolution of a digital civilization.
At its core, Decentrawood facilitates a decentralized virtual environment where individuals can engage in a multitude of activities ranging from social networking, gaming, fashion, to attending various events. It stands out by offering a space where virtual land can be bought, sold, and invested in, alongside the creation and transaction of Non-Fungible Tokens (NFTs). This not only opens up new avenues for digital ownership but also enriches the virtual economy within the platform.
A distinctive feature of Decentrawood is its commitment to interoperability. This aspect ensures that creations and content within Decentrawood can be shared and accessed across different platforms, promoting a more inclusive and expansive digital ecosystem. Such interoperability underscores the platform's vision of a democratized metaverse, where creativity and collaboration transcend boundaries.
The economic model of Decentrawood is underpinned by its native token, DEOD, which serves as the currency for all transactions within the platform. The DEOD token is characterized by a limited supply, with provisions for new tokens to be minted over a three-year period. A notable mechanism within this model is the burning of 50% of the DEOD earned by the platform, a strategy aimed at potentially enhancing the token's value over time.
In summary, Decentrawood represents a significant advancement in the realm of the metaverse, offering a rich tapestry of experiences and opportunities for users to create, own, and monetize content. By leveraging cutting-edge technologies and fostering a decentralized, interoperable environment, Decentrawood sets the stage for the next evolution of digital interaction and community building.
What key events have there been for Decentrawood?
Decentrawood, a burgeoning cryptocurrency, has not yet experienced significant milestones or events that have been widely publicized or recognized within the broader crypto community. This project, which aims to revolutionize the metaverse by integrating blockchain, virtual reality, and artificial intelligence, is still in its early stages, focusing on building its platform and expanding its user base.
The initiative behind Decentrawood is to create a metaverse platform where users can generate, own, and monetize content such as buildings, objects, animations, and games. This ambition places a strong emphasis on interoperability, allowing creations to be shared across different platforms, fostering a more inclusive and decentralized digital environment.
A critical component of the Decentrawood ecosystem is its native token, DEOD, which facilitates all transactions within the platform. The tokenomics of DEOD include a limited supply with provisions for minting over a three-year period, alongside a mechanism where 50% of the tokens earned by the platform are burned. This approach aims to potentially enhance the token's value over time.
Despite its low market cap and trading volume, Decentrawood has started to make its mark by being listed for trading on certain wallets and being utilized within a marketplace for NFTs. This indicates early steps towards broader adoption and utility within the crypto space.
As the project continues to develop its metaverse platform and expand its features, future key events may include significant platform updates, partnerships with other blockchain or virtual reality projects, and milestones related to its DEOD tokenomics. For those interested in the evolving landscape of the metaverse and blockchain technology, Decentrawood represents an intriguing project to watch, albeit with the usual advisement to conduct thorough research before considering any form of investment.
The live Decentrawood price today is $0.008394 USD with a 24-hour trading volume of $359,262 USD. We update our DEOD to USD price in real-time. Decentrawood is down 0.49% in the last 24 hours. The current CoinMarketCap ranking is #1664, with a live market cap of $1,208,141 USD. It has a circulating supply of 143,930,101 DEOD coins and a max. supply of 2,000,000,000 DEOD coins.
If you would like to know where to buy Decentrawood at the current rate, the top cryptocurrency exchanges for trading in Decentrawood stock are currently BitMart, and MEXC. You can find others listed on our crypto exchanges page.