5.1 Components of Tokenomics

START Token

START Token is the primary utility token of the START LANDS Metaverse. It operates as an ERC-20 token on the Ethereum Network. It can be swapped or exchanged for other similar type tokens, such as other cryptocurrencies and fiat (physical) currencies.
START Token functions as the primary utility token within the START LANDS Metaverse ecosystem, facilitating transactions and interactions. It serves as a transactional medium, enabling the creation of a digital economy within START LANDS Metaverse to the advantage of creators, players, and holders of different non-fungible tokens (NFTs) designed for use in this space. NFTs, which encompass LANDS, ASSETS, AVATARS and more, can be purchased, sold, or exchanged.

START Token serves multiple purposes within START LANDS Metaverse ecosystem, including transactions for real-world goods/services, virtual goods/services, purchasing LANDS, ASSETS, AVATARS, asset trading and staking.
START Token also provides access to premium features, governance voting rights, and participation in decentralized autonomous organization (DAO) processes.

START Token can be acquired through various means, such as buying, selling, or swapping on exchange platforms.

Users can earn START Token through rewards, staking mechanisms, and other activities within the START LANDS Metaverse.
START Token can be used to reward users for their contributions & achievements to the platform, such as creating and selling assets or participating in community events.

The staking mechanism allows users to stake their START Tokens for various purposes, potentially earning rewards or gaining access to certain features.

STARTGP represents in-game points within the START LANDS Metaverse.
STARTGP is primarily used for in-game activities, rewards, and purchases within START LANDS Metaverse

In-game currency facilitating microtransactions, gaming rewards, and virtual asset customization.
Primarily used for purchasing virtual goods/services, virtual items, skins, accessories, or customizations for LANDS, AVATARS and ASSETS, accessing exclusive content, limited time events and participating in gaming activities.

STARTGP can be acquired through various means, such as conversion from START Token or direct purchase using various payment methods.

Users can earn STARTGP through gaming rewards, completing daily or weekly quests, by participating in community challenges or by achieving certain milestones within the metaverse and through a system like cashback when purchasing items from the marketplace.

STARTGP is convertible to START Token, ensuring seamless interaction between the two economies.
STARTGP is tied to the rewards pool of START Token, ensuring a sustainable flow of rewards to active users in START LANDS Metaverse.

Last updated 1 year ago