ClubRare Metaverse: EMPT Token Introduction

  • It can be used for Staking, Liquidity mining, and other activities. The allocations will be used when expanding to various mainnets in the future.
  • The allocation is for F2E (Favorite to Earn) based reward, a reward for activity within the Metaverse service. The Closed Alpha version of the Metaverse service is aiming to be released in 2022, and the official version is to be released in 2023. The allocation can be partially used as a reward for activity in ClubRare, but most of the allocations will be used at the Metaverse service. After using all of the allocations on the Metaverse platform, additional EMPTs will be automatically issued through Smart Contract, according to the Metaverse service being used. However, EMPT aims for an F2E economic model that can burn more tokens when the activities within the service increase.
  • DEV FUND is up to 15% of the total issued quantity (10 billion). There will be no additional DEV FUND allocation for the additional EMPTs issued after the official release.
  • 10 billion EMPTs are pre-minted, and the burning and issuance of the coin will be decided automatically according to the Metaverse service being used. The coins are burned through usage rate and item purchases and are issued as rewards for participating in activities. In other words, all EMPTs issued after the official release will have the automatic structure of burned through usage rate and item purchases and issued through participating in activities.

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AGOV, ClubRare Governance Token is the foundation of the economic system of ClubRare Universe.

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AGOV

AGOV

AGOV, ClubRare Governance Token is the foundation of the economic system of ClubRare Universe.

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