[For beginners] What is the unique currency "$END" of the popular game "Treeverse"? A thorough explanation of how to use it and how it works!
Hello, I'm John, a GameFi expert writer here to bring you the latest news in an easy-to-understand format!
Recently, a new game called "Treeverse" has been attracting a lot of attention among game lovers. The game has a beautiful fantasy world view, and the other day, detailed information about the special currency "$END token" used in the game was announced.
If you're thinking, "Tokens?" or "That sounds complicated...", don't worry! In this article, I'll explain Treeverse and its heart, the $END token, from the ground up in an easy-to-understand way, so that even those who are new to GameFi and blockchain can understand.
First of all, what kind of game is Treeverse?
First, let me give you a brief introduction to Treeverse. This game is an MMORPG.(An online role-playing game in which many people can participate at the same time)This genre is currently being developed so that it can be easily played on smartphones.
Players can explore a vast fantasy world, fight monsters, collect items, and cooperate with other players. So far, it's the same as a normal online game, but the biggest feature of Treeverse is"Blockchain games"The point is that it is.
This means that the items and characters you obtain in the game are not just game data,Become your own "asset"It is a new type of game with great potential. And at the heart of its economy is the "$END token," which I will introduce next.
The heart of the Treeverse! A thorough analysis of the "$END Token"
"$END Token" is like a special "money" used in the world of Treeverse. However, it is not just an in-game currency. It has two main important roles.
- Utility Tokens:A convenient token that can be used for various things within the game.
- Governance Tokens:A token that gives players stock-like rights to vote in deciding the game's management policy.
By having this token, you're not just a player; you'll become a part of helping shape the future of the world known as Treeverse!
Specific uses of "$END tokens"
So what exactly can you do with the $END token? Here are some of the main uses:
- Vote to decide the future of gaming:You can use $END tokens to vote for suggestions from developers, such as "What features would you like to see added in the next update?" Your opinion may be reflected in the game!
- Get rewards by staking:By depositing $END tokens with the operator, you will receive additional tokens as a reward.(It's similar to depositing money in a bank and receiving interest.).
- Purchase exclusive items:You can purchase special cosmetic items that can only be obtained with $END tokens.
- Character Breeding:It is used to create new characters by combining special characters called "Timeless" that appear in the game.
The distribution plan for the intriguing $END token (Tokenomics)
This time, the management announced "Tokenomics"(The economic design and distribution plan of tokens)Details of the $END tokens to be issued (10 billion in total!) were shown, along with how much they will be distributed to whom. This is very important for seeing the health of the project.
The main breakdown is as follows:
- Community Rewards (25%):It will be used to reward players who play the game and contribute to it. It's great that a quarter of the total is for players!
- Ecosystem Fund (22%):The funds will be used for development costs and event expenses to make the game world even more interesting.
- Development team and advisors (20%):This is a thank you to the developers and collaborators who made the game.
- Strategic investors (18%):This is an allocation to investors who have supported the project from the beginning.
- Foundation funding (10%):This is a reserve fund that the operating organization sets aside for future use.
- General sales (3%):These will be sold to people who want to buy tokens from now on.
- Ensuring liquidity (2%):This is a reserve that makes it easier to buy and sell tokens at any time.
The fact that the distribution plan is so clearly disclosed is proof that the management values transparency.
A must-see for early players! Season 1 rewards will be distributed soon
Great news! Rewards will soon be distributed to players who participated in Season 1, the initial test play period for Treeverse.
This is a way of saying "thank you" to the fans who supported the game from an early stage. If you are eligible, don't miss the announcement on the official website! You will need to apply to receive the reward, so be sure to check the official announcements frequently.
A comment from the author, John
The $END token system announced this time seemed very detailed and transparent. In particular, the fact that 25% of the rewards are allocated to the player community shows how much the management cares about the players. I'm even more excited to see how this beautiful MMORPG will grow with the $END token!
This article is based on the following original articles and is summarized from the author's perspective:
Treeverse Shares $END Tokenomics, Season Rewards Coming Soon