Dawn Protocol (DAWN) Price, Charts & Market Data

$DAWN, or Dawn Token, plays a pivotal role in the entire Dawn ecosystem. Its primary utilities include: Serving as an entrance fee for exclusive events, Acting as a medium for prize distribution cashouts, Being staked for both on and off-platform benefits, Entitling holders to potential future perks as the ecosystem expands and integrates more functionalities across its main platform and new products. Beyond these, the token has transaction utility, enabling gamers to deposit and pay competition entry fees. It also holds governance utility, permitting token owners to cast votes. Plus, through staking, token holders can enjoy staking rewards and benefits from various use cases within the Dawn Protocol ecosystem. The FirstBlood platform, operated by Dawn Protocol, is a primary product, offering an automated tournament and esports event organization with a vast active gamer base.

To stay updated with evolving technological demands, Dawn Protocol initiated a Token Swap between Q1 and Q2 of 2020 to transition from the ERC20 standard to the ERC777, better suited to Dawn's upcoming features. This swap aimed to transition most, if not all, existing tokens to the new smart contract standards, with its completion marked by a core protocol upgrade governance proposal.