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.

--

--

--

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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

GOeureka X Instaraise

ETHpimp Platform: Designing The Future

ETHpimp

Bermuda’s Blockchain Strategy Goes Beyond Just Winning New Business

THE BIRTH OF BITCOIN

Getting Started With Cryptocurrencies

Having Your Own Fun via Indigo’s Partnership With OWN

The Risks & Rewards of the London hard fork

Blockchain ≠ Cryptocurrencies

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
AGOV

AGOV

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

More from Medium

BurgerDAO — The Decentralized Burger Community!

Bridging blockchain solutions

Many Worlds token x AMB Crypto

FIWA Will Be Listed On LBank Exchange On 24th November

Axelar Newsletter — Mainnet Launch Announcement