AI-powered web3 platform DAR Open Network (DON), the home of Mines of Dalarnia, has officially launched the Migration Portal, giving holders of $DAR tokens 1 year to migrate over to the $D token.

$DAR to $D Token Migration Details

If you’re a $DAR holder, you can now head over to the official migration page linked in the announcement to transition over to the new token. This applies to holders using self-custodial wallets such as MetaMask. The supported networks on the portal are Ethereum and the BNB Smart Chain, and you will have to pay the gas fee. You will be given $D tokens at a 1:1 ratio, with the migration burning your submitted $DAR tokens in the process. That being said, you might want to keep some $DAR tokens for the time being, as Mines of Dalarnia continues to use $DAR until the new token is fully integrated.

The December 20th launch of the portal was accompanied by an “early bird batch” of the $D token. The rest of the supply should become available on January 2nd, 2025, so if you can't migrate your tokens now, then you can come back later once a new batch is up and ready for distribution. If you get a message saying that the migration has ended, then you may want to head to the platform’s official Discord server and create a ticket to report the issue, and then the team should be able to help you out.

If you have $DAR on a centralized exchange, then this migration might automatically happen for you. The team is working with supported centralized exchanges to automate this process, so if you’re holding tokens on a CEX that supports this migration, you won’t have to do anything, as your tokens will be automatically migrated for you. There will be a full list of centralized exchanges that support this rebranding in the future. From what I’ve seen so far, Binance is supporting the migration, while Coinbase has not made any announcement so far. If your exchange doesn’t support this transition, you’ll have to move your tokens over to a self-custodial wallet and migrate them yourself through the official portal.

Users staking $DAR on the ecosystem’s official staking platform will have their tokens auto-converted to $D on January 6th, 2025, concluding staking support for $DAR. You don’t need to do anything if you want to continue staking. All staking functions will pause on January 2nd, 2025, in order to complete the automatic swap.

If you’re staking on the Gudchain platform, you will need to unstake your tokens and withdraw them to your self-custodial wallet, using the portal to migrate over to the new token.

The Migration Portal will officially close on December 20th, 2025, so you have about a year to migrate your $DAR tokens in order gain access to new features.

Why Is $DAR Being Rebranded to the $D Token?

The rebrand from $DAR to $D comes as a result of the studio’s expansion from Mines of Dalarnia to the DAR Open Network. While the focus was previously on their adventurous 2D mining game, this year developers have been expanding and creating an entire web3 gaming platform. To properly mark this start to a new era calls for a rebrand, and thus a change in token in order to adequately support the chain-agnostic ecosystem.

What Is the $D Token?

The $D token is the core utility token powering the DAR Open Network. Its use cases include governance, staking, and providing ecosystem support.

Holders of $D tokens will be able to influence the future of the ecosystem by voting and making proposals through the D DAO. To participate in governance, users will need to stake $D tokens, which is also said to secure the platform and help in its long-term growth. By staking, you’re not only contributing to the network, but you’re also unlocking a variety of exclusive rewards and benefits, including perks for various applications alongside premium ecosystem features.

This token will also be used to support the growth of the ecosystem by using it to encourage and incentivize creators, projects, and the web3 community to join the platform and contribute to it in various ways. This means that the token could be used to reward contributors, fund new projects, and more.

In terms of tokenomics, not much has changed. The supply is still 800 million, and the official Medium post also states that there is no change in circulating supply, and that the token release plan “will follow the same structure as the original DAR Token with no modifications.” What is now different is the distribution ratio between the 2 supported networks, Ethereum and BNB Smart Chain. Thanks to the community’s voting on a recent proposal, it was decided that the ratio should be 50:50. If any other networks are integrated in the future, the allocation ratio will be adjusted dynamically depending on chain requirements and demand.

This token rebrand is also thanks to the community’s approval, as a governance vote did take place to ensure both the team and its community are on the same page. Next to the new token name and ticker, there are of course new smart contracts, the links to which can also be found in the Medium announcement, where you can learn more about the ecosystem’s own features. Some of them include the ability to create AI agents, to use a social platform with NFT integration, and offer developers plug-and-play modules for easier dApp development.

Among the web3 games that have joined this growing ecosystem include Apeiron, Anichess, World of Dypians, Mighty Action Heroes, and more.