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Token WLGOLD

WLGOLD is an index token of the game. It was created on the Waves blockchain (asset id: 7E26JWe8XYXf4jNxH7CDAdFUjTg5fCTChHoCuZmfUoy1).
The token is designed around the principle of protection against excessive market volatility. This is achieved through the following terms:
- The token is a liquidity index of the game and is based on the assets of the game's investment fund. The index price of the token is calculated according to the formula:
Token Price = Game Assets / Number of issued tokens
- The arbitrage service allows trading directly with a token contract ±20% of the current index price (see formula). Only users with staked NFT lands and ACRES have access to arbitrage, which gives additional income to land owners on arbitrage of the market price.
- WLGOLD tokens can be additionally issued and burned as part of the arbitrage.
- Initial issue: 1 million WLGOLD tokens.
- 10% - DAO investors (outright)
- 10% - market making and pool creation (outright)
- 10% - marketing (within 1 year)
- 20% - team (within 3 years)
- 10% - game activities (within 3 years)
- 40% - staked lands (within 3 years)
The index price of the token is influenced by:
- The number of acres of land sold. A total of 1,000,000 acres of land are available.

Last modified 2mo ago