!Testnet · Robinhood Chain · Balances are test USDG with no real value

I Dare You
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The IDY token

IDY is the token designed to capture value from activity on the platform. This page explains what it is and how it is intended to work. Most of the utility below is planned, not yet live.

Forward-looking - please read

This page describes design intent and roadmap, not live features or a promise. Nothing here is an offer to sell or buy any token or security, a solicitation, a valuation, or financial advice. The mechanics described are planned and may change.

Three different tokens

It is worth being precise, because three separate tokens show up in I Dare You and they do different jobs:

  • ▸The funding token - what dares are pledged and paid out in. USDG, a dollar stablecoin (test USDG on this testnet app).
  • ▸The gas token - what pays network fees. ETH on Robinhood Chain (testnet ETH here).
  • ▸IDY - the platform's protocol and value-accrual token. This is the one this page is about. You do not need IDY to post, back, or claim a dare.

What IDY is

IDY is a fixed-supply token deployed on Robinhood Chain. It is the platform's value-accrual and rewards token, and it is separate from the stablecoin you fund dares with.

  • ▸Total supply: 1,000,000,000 IDY, fixed. There is no inflation and no mechanism to mint more.
  • ▸The token contract is immutable, with no admin mint or supply controls.
  • ▸Denominated and traded on Robinhood Chain.

How IDY is designed to accrue value

The design ties IDY to real platform activity rather than to emissions. The intended mechanism is to use a share of platform revenue to buy back IDY on the open market, so demand for the token tracks usage of the product:

  • ▸A share of the 2.5% platform fee on settled dares (see Fees).
  • ▸A share of brand and sponsor-dare revenue.
  • ▸Later, a share of any prediction-market fees.

Because buybacks scale with settled dare volume, the design is intended to avoid the reflexive trap that has undone previous activity-linked tokens, where price depends on volume and volume depends on price. This is design intent and is not yet active.

Creator rewards

A creator prize pool is planned to seed and match dares in the first communities, to solve the two-sided cold start. It is designed to emit only as verified dare volume grows, so token supply cannot get ahead of real usage.

  • ▸Rewards are earned against real, verified activity rather than paid up front.

Design principles

  • ▸Utility-first: value is designed to come from activity, not from emissions or speculation.
  • ▸No supply ahead of usage: rewards emit against verified dare volume.
  • ▸Fixed, transparent supply: no inflation, an immutable contract, onchain and inspectable.

Not financial advice

Everything above is a description of design and roadmap, provided for information only. It is not an offer, a solicitation, a valuation, or financial, legal, or tax advice, and it is not a commitment to build or ship any of it on any timeline. Do your own research.