What is the token economics model of Gods Unchained (GODS)?

GODS serves as the utility token within the Gods Unchained ecosystem, enabling in-game purchases, rewards, governance participation, and value appreciation through its fixed supply, token burning mechanisms, and staking program.

Dec 24, 2024 at 05:07 pm

Key Points:

• Gods Unchained (GODS) is a play-to-earn trading card game built on the Ethereum blockchain.
• GODS is the native utility token used within the Gods Unchained ecosystem, including for in-game purchases, rewards, and governance.
• The GODS tokenomics model includes a fixed supply, token burning mechanisms, and a staking program.

Token Economics Model of Gods Unchained (GODS)

The token economics model of Gods Unchained (GODS) is based on four key components:

1. Fixed Supply

• GODS has a fixed maximum supply of 500 million tokens, which means that no new tokens can be created after the initial supply is distributed.
• This fixed supply creates scarcity and limits inflation, which helps to maintain the token's value over time.

2. Token Burning Mechanisms

• Gods Unchained employs several token burning mechanisms to reduce the circulating supply of GODS and increase its scarcity:

  • Card and Pack Opening: A portion of GODS is burned every time a card pack or meteorite is opened.
  • Forge Fees: A small fee in GODS is burned whenever a player fuses two cards to create a more powerful one.
  • Governance Voting: GODS are burned when players participate in governance votes, giving them a say in the future development of the game.

3. Staking Program

• Players can stake their GODS tokens to earn additional GODS and other rewards.
• The staking program encourages long-term holding of the token, reduces circulating supply, and rewards active community members.
• Staked GODS are locked for a period of time, with longer staking periods earning higher rewards.

4. Utility for In-Game Purchases and Rewards

• GODS is used as the primary currency within the Gods Unchained ecosystem, allowing players to:

  • Purchase card packs, avatars, and other in-game items from the marketplace.
  • Enter tournaments and other competitive events for a chance to win GODS and other prizes.
  • Earn GODS rewards for completing daily quests, winning matches, and achieving milestones.

FAQs

Q: How to buy GODS tokens?

• GODS tokens can be purchased on various cryptocurrency exchanges, such as Binance, Coinbase, and Uniswap.

Q: How to earn GODS tokens in-game?

• Players can earn GODS tokens by completing daily quests, winning matches, and participating in tournaments.

Q: What is the purpose of staking GODS tokens?

• Staking GODS tokens allows players to earn additional GODS and other rewards, while also supporting the governance and development of the Gods Unchained ecosystem.

Q: What is the future of GODS tokens?

• The future value of GODS tokens is dependent on the growth and adoption of the Gods Unchained game, the implementation of new features and utility, and overall market sentiment for cryptocurrency assets.