Token Utilities and Initiatives

The Despoke token (DSPK) is the native token for Despoke, a fashion label built on the Ethereum blockchain. DSPK serves several key functions and utilities within the Despoke ecosystem:

1. Voting Rights: Holders of the DSPK token are granted the opportunity to influence the future of garment production. By possessing the DSPK token, users will have the ability to vote on which garments they would like to be developed into actual products. For voting eligibility, holders will have to hold 50 000 $DSPK Tokens.

2. Revenue Share: Investors and holders of the DSPK token will receive a share of the company’s revenue. This will be implemented in buybacks/burns in the development stages of the business for legal reasons revolving around revenue share. Future business goals is to implement revenue share directly to holders in ETH.

3. Product Discounts: Token holders will be able to link their wallets and provide proof of token ownership on our website through Echoconnect. Echoconnect is a connectionless wallet verifier. Meaning token holders will not give away rights to their wallets. Making our connection system safe and secure. Upon confirmation of their token holdings, a percentage discount will be applied to each item of clothing bought. The discount on products will be proportional to the amount held. Meaning the more $DSPK Tokens you hold, the more discounts you receive. Eligibility for product discounts requires holding a minimum number of tokens 50 000 $DSPK Tokens.