Crypto Tanks: A dive into the $TANK token
What is a play-to-earn game without its token? Just a game. That of course, would not give power to the players which is what we do here with our Defi and NFT ecosystem. Here is a full guide to the game’s most vital feature.
For starters, $TANK token will be an ERC-20 token, as the game itself will be on the Ethereum network. Worry not though, you will not have to wait for ETH 2.0 to not transact with sky-high gas prices, as the settlement layer will be on a Layer-2 solution and the fees are going to be minimal.
Use Cases
What are the uses of it? $TANK token can be used in the following five ways:
· Buying a Crypto Tank and enjoying the game itself of course, whether it’s your first one or just expanding your collection! The variations are so many, we are certain you are going to want more than one to play with. Remember different Tanks, different battle stats and abilities, different gameplays!
· Purchasing the upgrades, you unlock with the combat experience gained from the various battle types. This way your Tank can be upgraded to its most powerful form, so you can explode your enemies with ease.
· Stake your $TANK tokens in-game or in liquidity pools on DEXs/CEXs. Earn either more $TANK tokens or LP tokens earned from the liquidity you add to the TANK/ETH pool on DEXs. If you are not new to crypto you already know how staking works. A big part of the already scheduled allocation is for the staking rewards. We will keep you updated on which exchanges are going to have $TANK. We are working towards a listing on all of them of course.
· As with any on-chain token, you will have the ability to also trade $TANK tokens in DEXs/CEXs. We are certain the BUY button for $TANK is going to be of great use to you.
· Rent a Crypto Tank so you can test drive it if you are not too sure about buying it first, so you can find the perfect one for you! You can of course rent out your own collection of Tanks and receive passive income for the extra Tanks you don’t use. A percentage, you personally select, from the game rewards of the player that rents your tank, will be accounted to you. The combat experience gained to level up a Tank will also remain to your Tanks!
The Total Token supply is fixed at 100 million and its future distribution is already carefully planned. For better understanding let’s see the following token graphic:
Token Allocation
As we can see the biggest allocation goes to game rewards, meaning to the players! With the token appreciation after release, those rewards will account to millions of dollars. Also, the 10% for liquidity and staking will ensure the short- and long-term sustainability of the token model. It’s important to highlight that for every Tank NFT sale there will be a 3% burn rate of the transaction, so the token doesn’t actually have a fixed supply, but a deflationary one! There is going to be another feature that adds to the deflation. Players will be able to change the names of their Tanks in exchange for $TANK tokens. The cost of that change will be 100% completely burned! Along with the burn rate there is a going to be also a small percentage from the transactions which is going to be used on the development of the game and game rewards.
The future DAO
The $TANK token also has a function that does not have financial barring, but it empowers the players who will, quite literally, own the game. $TANK is going to be used as a voting method in the future DAO that will assume control of the game after its release. That way, players will have the ability to shape the game by voting to their liking. Future updates, new features, and all other things that are game-related will go through a player voting
Now each of these categories has its own conditions and vesting periods. Let’s see one more table for briefness:
As you can see all conditions are logical and carefully planned to ensure the longevity of the game. The Team has the most long-term vesting period, and that showcases their commitment to the game. Next, follow the advisors of the project who are basically part of the Team. Also, the public sale is the least restrictive with a minimum amount of lockups and the biggest percentage of instantly unlocked tokens. Follow us on Twitter, discord, and telegram to be notified of our IDO date!
