Tokens are digital assets that typically represent some form of value, and are often backed by tangible or intangible assets to provide security and stability for token holders. doublejack’s token is backed by a percentage of the company’s total revenue earned each calendar month. This revenue is derived from various sources, such as their 360-gaming platform, token sales, and future projects undertaken by doublejack.
More specifically, the asset price of doublejack’s token is determined by 1% of their total monthly revenue. As the company’s revenue streams grow, the value of the asset backing the token also increases, which may result in a higher token price.
It is important to note that the value of the asset backing the token may fluctuate based on market conditions and doublejack’s revenue performance. Nonetheless, the backing of a tangible asset provides a level of stability and security for investors interested in cryptocurrency.