Tokenomics
Introduction
Continuum World aims to provide an exceptional opportunity for players across the globe thanks to its "Play-2-Earn" system which features a balanced and robust economy and is supported by both in-game and blockchain mechanics.
The $UM Token
The $UM Token is Continuum World's native Token that serves as a multifunctional utility as well as a payment Token.
The $UM token serves as the native in-game currency within the ecosystem as well as the governance and staking resource.
Token demand will be driven by in-game utility. Players will initially leverage $UM tokens to acquire digital assets such as tools, land, avatar customizations, crafts, buildings, and equipment.
Players will be incentivized to earn $UM tokens which they can use to gain passive benefits, participate in the ecosystem governance by voting, upgrade their NFT assets, gain access to additional content, participate in special challenges, token staking, and much more.
The economy is created in such a way that allows Free-2-Play users to achieve the same goals with enough dedication. However, power users who purchase tokens are expected to progress faster — by buying lands, setting up buildings and equipment, selling game items, etc.
Just as in most games, we expect that the majority of our revenue will come from power users and spenders.
Community Treasury
Continuum’s team is firmly committed to supporting a fully decentralized protocol with the $UM Token serving as a backbone of our economy. With that in mind, the team will assign 100% of all Net Revenues to the Treasury:
- 1.Staking/Farming Yield: Net revenues from NFT asset sales and marketplace will be contributed to the staking pool and distributed amongst the stakers. This will create monetary incentives for the most committed and motivated players.
- 2.Play-2-earn Rewards: When the initial pool is depleted, rewards will be sent out from the Treasury.
Token Distribution
The planned token distribution is the following:
Total Token Supply | 1,000,000,000 | |
| | |
Category | Allocation | % |
Community- Play to Earn/Staking | 300,000,000 | 30% |
Marketing & Partnerships | 100,000,000 | 10% |
Reserve | 110,000,000 | 11% |
Initial Liquidity | 20,000,000 | 2% |
Public Sale | 20,000,000 | 2% |
Private Sale | 175,000,000 | 17.5% |
Advisors | 20,000,000 | 2% |
Team & Development | 250,000,000 | 25% |
Total $UM | 1,000,000,000 | 100% |
.png?alt=media&token=464f13c9-cfe1-4312-a7e2-d12d60b4826e)
Responsible Vesting is incorporated into different categories:
Community: Released in yield farming, strategic incentives, ranking rewards, etc; 5% released monthly for 20 months after month 6.
Marketing: Used in activities like grants, strategic campaigns, etc; 2.5% released monthly for 40 months after month 1.
Reserve: For future fundraising or acquisitions 2.5% released monthly for 40 months after month 9.
Liquidity: For DEX Listings. Available on TGE Day.
IDO/Public Sale: 50% unlocked at TGE, Cliff 30 days followed by unlocking another 50%.
Pre-Sale: 15% TGE; 30 days cliff and block linear vesting thereafter (fully unlocked in 12 months).
Advisors, Team & Development: 0% unlocked at TGE; 6 months cliff then block linear vesting thereafter (fully unlocked in 24 months).
LAND
LANDs are ERC-721 NFT tokens, that represent parcels within the Continuum World. LAND will be available in limited supplies which makes it a rare commodity. Users who own these portions of the metaverse will be able to utilize various other assets such as power generators, fish farms, windmills, and solar panels. These will be a crucial part of the gameplay experience and will be available in the Marketplace.
Those other assets will be necessary for the in-game mechanics, and they will be available at the Marketplace. Some examples are power generators, fish farms, windmills, or solar panels.
LAND will be available in different sizes and qualities which will affect their price and farming potential.
LAND sales will take place at various auctions which will be announced at a later date.
Marketplace
The Marketplace is a feature where users can buy and sell their LAND, UMIs, and other assets.
The marketplace will further financially incentivize players to purchase and enhance their NFTs.
Players will use the $UM token as the main currency and a fee will be applied to every transaction.
Last modified 3mo ago