The following allows anyone to view wallets we use to operate the business.
As you know all transactions can be viewed using Etherscan. This enables any owner of DOOR to monitor all transactions that occur. Below we outline the wallets we use for operating the DOOR Platform. For more details on the tokenomics please read our white paper.
Current Balances as of Aug 23rd
You will see two columns. The Current Wallet Balance (Actual on Etherscan) is exactly what is in the wallets on blockchain (you can verify on Etherscan.io).
The True Balance is what is remaining in the wallets in reality (accounting wise. The reason for this is because we store a majority of tokens in a safe/secure VAULT Wallet. We keep minimal balances in the wallets we access day-to-day.
These active wallets (which connect to our platform) keep minimal tokens for function, and reduce risk. The VAULT, RESERVE, STAKED are locked wallets.
The Green lines represent what is on the market tradable.
13.1M tokens in circulation (down from 22M tokens in circulation in July due to staking)
2.3M left in Uniswap pool.
Wallet Descriptions below for those who want to understand the use of each wallet.
The Rewards Wallet is where we store DOOR Tokens that we issue to MyDoorWallet.com users who register their property. The number of tokens allocated to rewards was 70% of all tokens issued which equates to 2.8 Billion. You will notice the balance on the Rewards Wallet is much less than that - and it's because we store the majority of the tokens in the VAULT Wallet. The Vault Wallet is where we securely store tokens. Although we use encryption and best practices when it comes to security, since the Rewards Wallet is accessible via our MyDoorWallet.com platform, we limit the balance of this wallet.
Rewards Pool is used exclusively for:
Rewards paid for Verified Property Registrations.
Rewards paid for Affiliate Program.
Rewards paid for Staking Program.
Rewards paid for Social Sharing Program.
Rewards paid for Consumer Attention and Engagement.
The Vault Wallet is a secured wallet where we store a majority of tokens for the following wallets:
Since the above wallets are accessible via our MyDoorWallet.com application, we only store a small balance in each of these wallets and replenish from the Vault Wallet manually and securely. All movement from Vault should only be to Internal Wallets to replenish supply.
The staking wallet is where Founders staked their tokens starting July 2021 to July 2022. These tokens are locked and not available for sale on the open market. As we approach July 2022, the Founders have committed to a plan to convert to a long-term ladder stake which will allow for limited liquidity and protect the value of DOOR. All plans will be communicated to token holders as we approach July 2022.
Note: If you want to monitor Founder Wallets - you just need to see all the FROM Addresses who deposited into the Staking Wallet. This makes it easy to locate Founder Wallets.
The reserves wallet is set aside for specific use-cases to support growth of DOOR. Since DOOR is a business with true utility it will require future capital to grow, improve liquidity and ensure the business can scale. Here are use cases that may require Reserves:
The Operations Wallet is used to operate the day-to-day operations of DOOR. Since DOOR operates like a business there are many transactions that require the ability to deposit and withdraw. Here are the different types of income and expenses to expect in the Operations wallet.
All DOOR purchases via the MyDoorWallet.com app are deposited into the Operations Wallet as USDC and then put into the open market via Uniswap.
All DOOR expenses to vendors that accept crypto are paid from the DOOR Ops Wallet.
All expenses related to the gap in token price between Uniswap and MyDoorWallet purchases. Due to the rapid movement of Uniswap, we set price higher via MyDoorWallet to ensure minimum loss.