Doont Buy Token (DBUY) is a rebase token.) that governs the Doont Buy Token project, a platform whereby musicians can sell their exclusive releases directly to their fans in the form of NFTs. According to its whitepaper, rebase token refers to the cryptocurrencies designed so that such token automatically adjusts the token supply according to the price fluctuations. The platform aims to enable the fans to enjoy first-hand interactions with their favorite musicians and artists and own their NFTs exclusively. Doont Buy Token aims to enable the fans to resell such limited-edition releases to generate income.
The whitepaper of Doont Buy Token states that dedicated fans of musicians are the primary purchasers of the albums, merch, vinyls, CDs and cassette tapes. However, they do not get the opportunity to purchase such items directly from their favorite artists. The Doont Buy Token platform aims to provide such fans an opportunity to purchase exclusive releases directly from the artists in NFTs. Therefore, the platform seeks to bridge the gap between artists and their fans.
DBUY is a decentralized governance token of the Doont Buy Token platform, which can be utilized for participating in the Decentralized Autonomous Organization (DAO). DBUY is also utilized as a currency of the platform for purchasing NFTs.
The team of DBUY aims to host a platform for musicians to distribute their works and merchandise to their fans easily in the absence of third parties through NFTs. This is aimed to help the musicians avoid unnecessary fees by adopting a user-friendly platform and increasing their income. Doont Buy also aims to provide the fans with a feeling of association with their favorite artists and resell their items at their desired price. The DBUY Token platform offers a financial system for benefitting the musicians and their fans.
