🪙Tokenomics

Tokenomics Document

Introduction

Welcome to the tokenomics of THEWASTE, a utility token designed to add value to our ecosystem. This document will provide a comprehensive overview of the token's distribution, total supply, and other essential details.

Overview

Token Name: THEWASTE Token Symbol: WASTE Token Type: TON Token Purpose: In-game use, reward for achievements, ecosystem support, and development.

Token Usage

• Telegram Mini App

  Using Telegram Mini Apps for WEB3 token integration is a great idea, providing a convenient platform with extensive possibilities for user interaction.

• Activity Reward System

  Users can earn tokens for participating in communities, forums, or social networks.

• Token Staking

  Users can stake their tokens to earn passive income in the form of additional tokens or other rewards.

• Tokenized Assets (NFTs)

  The ability to tokenize in-game items or other virtual assets that can be bought, sold, and exchanged for tokens.

• Voting and Governance

  Use tokens for a decentralized governance system where token holders can vote on game changes, new features, or events.

• Advertising Platform

  Our users will be able to use tokens for placing advertisements or sponsoring within the game or on related platforms.

• Gamified Events and Tournaments

  Organize special events and tournaments where users can participate by paying an entry fee in tokens and receive prizes in tokens.

• Customization and Upgrades

  Users can use tokens to enhance their characters, purchase unique skins, or other cosmetic upgrades.

• Partnership Programs

  Partnership programs where users can earn tokens for attracting new players or collaborating with the project.

• Lotteries and Raffles

  Lotteries and raffles where users can spend tokens to buy tickets and win various prizes.

Token Distribution

• In-Game Rewards: 50% - Tokens distributed among players for victories, achievements, and event participation.

• Development and Support: 20% - Tokens allocated to the development team, support, and game maintenance.

• Community: 30% - Tokens for marketing campaigns, advertising, and partnership programs.

• User Incentives: 5% - Tokens for promotions, contests, and giveaways to attract and retain players.

• Public Sale: 5% - Tokens available for purchase during the initial offering (ICO/IDO) or private investment rounds.

Burning and Deflation Mechanism

• Token Burning: A certain percentage (e.g., 1%) of each transaction or purchase may be burned to create scarcity and increase token value.

• Event-Based Burning: Tokens burned for specific actions, such as purchasing exclusive items or participating in special events.

User Incentives and Retention

• Loyalty Bonuses: Additional tokens for long-term players and those actively engaged in the game.

• Achievement System: Rewarding tokens for completing challenging tasks and achieving high results in the game.

• Promotional Events: Special promotions and events where players can earn or win tokens.

Security and Transparency

• Smart Contract Audits: Regular audits to ensure security and prevent potential vulnerabilities.

• Transparency: Open information about token distribution, usage, and spending reports.

Development Plan

• Initial Phase: Token launch and integration into the game, creating an initial user pool, and activating rewards.

• Mid-Term Phase: Development of new features, expanding token functionality, and active partnership development.

• Long-Term Phase: Continuous game improvement, addition of new features, ecosystem expansion, and maintaining player interest.