Economy
Token Overview
Our game's economy revolves around two tokens, $ST (the governance token) and $STS (the in-game currency), with a unique twist: the only liquidity pairing for $STS is tied directly to $ST. This semi-single-token system simplifies the token economy, directing all liquidity and trading volume through the $ST token while maintaining the utility of the $STS token.
$ST Token (Governance Token)
The $ST token serves as the governance token, allowing holders to participate in decision-making, earn rewards, and facilitate exchanges with the $STS token.
Key Features:
- Holder rewards: $ST token holders receive passive income instantly in the native $ST token rewards mechanism.
- Governance: $ST token holders can participate in the decision-making process for the game's development and direction.
- Exchange facilitator: The $ST token serves as the only liquidity pairing for the $STS token.
$STS Token (In-Game Currency)
The $STS token is the primary in-game currency used for purchasing items, participating in events, and accessing premium content. The token is designed to be deflationary, with a burn mechanism for in-game transactions and a fixed supply, introducing the first truly deflationary P2E Economy.
Key Features:
- In-game utility: $STS tokens can be used to purchase items, access events, and unlock exclusive content.
- Deflationary mechanism: A 25% burn rate is applied to in-game transactions, reducing the overall token supply.
- Paired with $ST: Players can only buy or sell $STS tokens using the $ST token, creating a semi-single-token system.
Sustainable Economy Design
Sacred Tails implements several mechanisms to create a balanced and sustainable game economy, differentiating it from other P2E projects:
- 1.Semi-single-token system: The $STS token is only paired with the $ST token, simplifying the economy and directing all liquidity and trading volume through the $ST token.
- 2.1:1 swap rate: The $ST and $STS tokens have a 1:1 swap rate, minus the associated fees and taxes, making it easy for players and investors to exchange tokens.
- 3.Deflationary $STS token: A 25% burn rate for in-game transactions helps maintain the $STS token's value by reducing its supply.
- 4.Matching token supply: Both the $ST and $STS tokens have a total supply of 1 billion each, ensuring parity between the tokens.
- 5.Revenue generation: The game generates revenue through bridge fees, in-game transactions, secondary NFT trading, in-game advertisements, in-game sponsorships and service fees on Sit and Go knockout tournaments/wagered minigames ensuring its long-term sustainability.
- 6.In-game sinks and token utility: A variety of in-game sinks and continuous development of new features and content help maintain the demand for $STS tokens.
- 7.Continuous monitoring and adjustments: The game's economy is closely monitored, with adjustments made based on market conditions, player feedback, and overall game ecosystem performance.
- 8.Indirect $ST token burn: The 1:1 pairing and the 25% burn on $STS used in purchases indirectly affect the $ST token, as the increased scarcity of $STS tokens may lead to higher demand and value for the $ST token. This connection between the tokens further strengthens the semi-single-token economy design.
- 9.Gamified Staking, Tiers and Battle Pass System: To enhance user engagement and promote long-term investment in the game, Sacred Tails offers a unique staking mechanism that functions as a Tiered loyalty ranking and a quarterly Battle Pass. By staking $ST tokens, players can unlock exclusive in-game items, bonuses, and rewards, further enriching their gaming experience. This innovative approach to staking not only incentivizes players to hold and stake their tokens but also adds an extra layer of excitement to the game. Players can either stake a set amount of tokens or purchase a battle pass separately adding a further revenue stream similar to a subscription based service.
Conclusion
Sacred Tails is committed to providing a sustainable and engaging P2E experience by implementing a well-designed semi-single-token economy. Our innovative approach addresses the common issues faced by P2E projects, ensuring a stable and secure investment opportunity for our players and investors alike. Join us as we reshape the P2E landscape and create a gaming experience that stands the test of time.