Croatia (Hrvatska), 23rd Mar 2023 – Before going any further, I am not here to give financial advice, and anything in this article is only my opinion. It is not financial advice, nor should any part be construed as such. Please, as always, do your own research and consider your positions before investing in any project.
However, after listening to the AMA with Antonio, I believe that dotlab.app has been built with honesty, trust, and the bigger picture in mind. This is surely a project that will make waves in the crypto world as we know it today! A project with their product launching in advance, rather than the token launch and then the product development, is rare these days, but that is precisely what this team has done.
The project is based on the Arbitrum Chain, a layer 2 solution with many improvements over its layer 1 (L1) predecessor Ethereum whilst retaining many of the numerous benefits it offers. Scalability, speed, and substantially lower fees will ensure substantial growth of this chain and, in turn, allow Dotlab to be there from the start of many user’s journeys into the chain with their ecosystem of products that can only help with the world of crypto becoming safer to both the world of crypto and new users who will enter the crypto sphere directly as a result of the benefits mentioned previously.
Many Web3 users are more than aware of the Ethereum Name Service or ENS domains, with high renewal costs and the possibility of losing your domain if you do not renew in time. However, the team has rectified these issues for the end user with their Arbitrum Name Service or ANS. Once the name is bought, there are no renewal fees, so if the name you want is taken already, it will never be available to buy again from the ANS. The only options available are to buy it from the owner or wait for it to be put onto the Dotlab marketplace in the future, which has a 1% transaction fee from all sales and purchases on the secondary market.
The team has already released their ERC20 token $DTL, which hit roughly 4x just before the AMA on Sunday, with a total supply of 1 million tokens that function in a way that mimics traditional shares and dividend payments to the holders of the token from profits of the self-sustaining ecosystem that has been cleverly implemented.
Announced during the AMA was a gigantic bonus for holders of $DTL that the team, only earlier that day, had decided that rather than the 50% of ANS profits mentioned in the White Paper that they would be putting a massive 80% of ANS profits into the staking pool for rewards for users who decide to stake their $DTL tokens to earn a passive income in $ETH.
The 4th part of the ecosystem is the Dotlab profile, a place to establish your online profile, personal or professional, it’s all up to you with your domain. You can even use it to follow the trades of other wallets, see whether a caller truly has made the X’s they say they have, or if they are just being paid to promote the project they claim to have made so much from.
One of the things that I admired most of all was Antonio’s honest responses, he made no false promises on price action or timelines. I believe he will achieve goals with development, marketing, and partnerships faster than many would believe possible, but he is sensible not to be dragged into making promises that only put pressure onto the team that is not needed. He confirmed that in the short-term roadmap, the community should expect to see CMC & CG, which have already been applied for, UI upgrade & once the staking contracts are ready for all 5 contracts relating to Dotlabs being sent for auditing.
To summarise the above, I believe this project to be a future gem. The way it has been built, and grown, combined with the plans they have in place for the future, including integrations into other dApps and projects, has me super bullish on both $DTL and Dotlabs overall.
Contact Person: Antonio
Country: Croatia (Hrvatska)
Release Id: 2303232811
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Economy Extra journalist was involved in the writing and production of this article.