# Introduction

In 2021, Knights of Degen (“KOD”) launched with an initial NFT collection of 8,888 collectible Knights, establishing a highly engaged community of sports fans.

Over time, the KOD ecosystem expanded beyond collectibles into fantasy contests, sports team ownership, Degen DAO, and much more. While early infrastructure and leadership did not ultimately persist, the community, culture, and assets endured. The Knights remained – and with them, the foundation of something stronger.

With renewed leadership and broad community support, the Knights were resurrected and DGEN DAO emerged.&#x20;

**DGEN DAO** represents the next phase in decentralized fantasy sports — a revolutionary community-driven ecosystem where competition, ownership, and on-chain rewards converge. DGEN DAO has introduced the **DGEN** token on the Base blockchain, a unified token economy, and a new generation of fantasy via a governance framework designed for long-term sustainability.

Our mission is to create a frictionless fantasy sports network that is **transparent, deflationary, and rewarding**, all tied together by the DGEN token.

This whitepaper is guided by five core objectives:

* **Fair and Transparent** — Launch a new DGEN token with a verifiable supply, treasury-controlled reserves, and equitable distribution.
* **Decentralized Governance** — Empower token holders to shape the future of the DGEN ecosystem through transparent proposals, votes, and treasury management.
* **Lower Gas, Better UX** — Leverage Base’s scalability for efficient on-chain execution while supporting Web2-style onboarding to reduce friction for new users.
* **Utility** — Integrate existing products like PropStreak, CoverQuest, and The DGEN Tavern, while continuing to develop innovative new products to expand our fantasy sports footprint.
* **Deflationary Design** — Implement crafting, burns, treasury-backed events, and royalties to continually remove tokens from circulation while rewarding active participants.
