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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 ($PTC) Token
    • Product Access
    • Staking
    • Leaderboard, Tournament and Rewards
    • Governance
  • Future Plans
    • Book Series
    • Animated Web Series
    • Mobile Game
    • Metaverse
  • Closing Remarks
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  1. PATIC ($PTC) Token

Governance

The governance utility is where the dual token comes into the picture, $PATIC will be used for users to convert their $PATIC into $GCV, the governance token of Polyverse

To convert users will be able to swap 1 $PATIC into 1 $GCV, however when swapping $PATIC to $GCV the platform will take a 10% fee that will be sent to the company treasury.

The $PATIC will be kept in the swap pool for when users want to convert back their tokens.

Once the user has $GCV they will be able to participate in DAO Proposals and votes.

The DAO will provide 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. However it will be strictly, product and ecosystem based allowing the users and token holders to fully decide on what they are interacting with to maximize the benefit of the DAO to the successful growth of Polyverse.

When a user has had enough time for governance and wants to convert their tokens back into $PATIC they can do so with no fee included. The purpose of the 10% initial swap fee is to keep governance with a small entry barrier as to prevent all holders participating in an inappropriate way and to add more success with dao participants.

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Last updated 1 year ago