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Polyverse - Token Economy Whitepaper
  • Table of Contents
  • Initial Outline and purpose of document
    • General Information
  • Executive Summary
    • NFT Ecosystem
    • Utility Token
    • Product and Game Mechanisms
  • Tokenomics Breakdown
    • Tokenomics Glossary
    • Token Distributions / Unlock Schedules
    • Token Category Definitions and Information
  • NFT Economy
    • Character NFTs
    • In-Game NFTs
    • NFT Features
    • Bridging and Swapping
  • PATIC ($PTC) Token
    • Product Access
    • Staking
    • Leaderboard, Tournament and Rewards
    • Governance
  • Future Plans
    • Book Series
    • Animated Web Series
    • Mobile Game
    • Metaverse
  • Closing Remarks
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  1. Executive Summary

Utility Token

$PATIC serves as the essential utility token within Polyverse, facilitating all in-game transactions. It is the currency required for various actions such as minting NFTs, purchasing items, and participating in the in-game economy.

Users will need to lock 10,000 $PATIC tokens to obtain a character and start playing the game and leveling up. If a user decides to mint the NFT into their wallet to sell, the locked $PATIC will be spent.

Governance Token

Separate from the utility token, there exists a governance token called $GCV. Holders can convert their $PATIC tokens into $GCV, which gives players a voice in decision-making processes and the management of sub-DAOs that could oversee different aspects of the game's ecosystem or in-game factions such as clans.

Rewards

Players will be able to stake their tokens to collect staking rewards. This not only provides an incentive for players to hold onto their tokens—thereby potentially increasing token value and stability—but also engages them further in the Polyverse economy.

Additionally, along with staking rewards, users can also earn in-game rewards from loot boxes and activities.

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Last updated 6 months ago