Tokenomics
Last updated
Last updated
Welcome to the tokenomics of THEWASTE, a utility token built on the Immutable blockchain to power our gaming ecosystem. This document provides an overview of the token's distribution, total supply, and essential functionalities that enhance player engagement and ecosystem growth.
Token Name: THE WASTE BUCK'S
Token Symbol: WASTE
Token Type: Immutable X (IMX)
Token Purpose: In-game currency, rewards for achievements, ecosystem development, and community governance.
Telegram Mini App Integration
Seamlessly integrated with Telegram Mini Apps for Web3 functionality, enabling easy token management and engagement directly within the platform.
Activity Reward System
Earn tokens by participating in community events, social media interactions, and completing in-game tasks.
Token Staking
Stake WASTE tokens to earn passive rewards, including additional tokens or exclusive in-game items.
Tokenized Assets (NFTs)
Mint and trade NFTs on the Immutable X marketplace, featuring unique skins, weapon upgrades, and in-game perks, enhancing gameplay and digital ownership.
Voting and Governance
Empower players with decentralized governance. Token holders can vote on game updates, new features, and event decisions, shaping the game's future.
Advertising Platform
Use tokens to place in-game advertisements or sponsor events within the THEWASTE ecosystem.
Gamified Events and Tournaments
Participate in exclusive events and tournaments by paying entry fees in tokens, competing for valuable rewards and leaderboard positions.
Customization and Upgrades
Customize characters, purchase exclusive skins, and enhance gear using tokens, adding a personal touch to gameplay.
Partnership Programs
Earn tokens through referral programs and strategic collaborations, driving community growth and engagement.
Lotteries and Raffles
Enter lotteries and raffles using tokens for a chance to win rare items, exclusive NFTs, or other in-game rewards.
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.
Token Burning: A small percentage (e.g., 1%) of transactions will be burned to reduce supply, creating scarcity and increasing token value.
Event-Based Burning: Special events and exclusive purchases will trigger token burns, enhancing deflationary mechanics.
Loyalty Bonuses: Reward long-term players and highly engaged users with exclusive tokens and NFTs.
Achievement System: Tokens are awarded for completing challenging tasks and reaching high in-game ranks.
Promotional Events: Special promotions to encourage user engagement and community participation.
Smart Contract Audits: Regular audits for security and vulnerability prevention.
Transparency: Open access to information about token distribution, usage, and spending reports.
Initial Phase: Token launch, Immutable X integration, and activating the reward system.
Mid-Term Phase: New feature development, expanded token utility, and partnership growth.
Long-Term Phase: Continuous game improvements, ecosystem expansion, and maintaining player engagement.
Building on Immutable X provides several key advantages:
Gas-Free Transactions: Enjoy gas-free minting and trading of NFTs, making it affordable for players.
High Scalability: Scalable Layer-2 solution for Ethereum, ensuring seamless transactions without congestion.
Security and Ownership: Players retain true digital ownership of in-game assets, secured by Ethereum's robust infrastructure.
THEWASTE tokenomics, powered by Immutable X, revolutionizes the gaming experience by combining play-to-earn mechanics, NFT ownership, and community governance. Get ready to loot, fight, and earn in the most immersive gaming ecosystem yet!
