Tokenomics
Victory Gem (VTG)
The native cryptographically-secure transferrable token of Olympic Games Jam, Victory Gems (ticker symbol $VTG) has certain utility functions within Olympic Games Jam, and which is designed to be used solely as an interoperable utility token thereon. $VTG issued as BEP-20 compatible tokens on the Binance Smart Chain, with the goal of providing incentives to the players to participate and compete in the game in new and exciting ways. The rewards mechanism have three main goals:
To reward players to participate, compete, and perform in the premium matches of the game where it requires tickets to participate.
To provide incentive for players to hold on to the Olympic NFT pins. The pins when equipped in the game outputs tickets that allow players to participate in the premium matches.
To allow players to participate in the ownership of Olympic NFT pins. Players are able to use Victory Gems to obtain NFT pins that will provide opportunity for the players to participate in bigger premium matches, and also gain access to various skins and items that make the game more enjoyable.
We want Olympic Games Jam to be one of the first P2E games to be backed by a major, global IP, that is easily accessible (mobile, PC, no external wallet required), and enjoyed by both casual players and community of NFT pin owners. Victory Gems will be used on both Olympic Games Jam: Beijing 2022, and the upcoming Olympic Games Jam: Paris 2024 which will be a separate game designed around mini-games that represent the summer Olympic Games. Victory Gem tokens will also be used on other games that nWay develop in the future.
Treasury
The main revenue stream for Olympic Games Jam comes from the primary box sales of the NFT pins and the 5% marketplace fee for all NFT pins sold in secondary transactions that occur in the nWayPlay marketplace. Once the treasury goes live, we will have X% (TBD) of the revenue go to the treasury. The treasury will eventually be governed by the contributing members of the community in a decentralized manner to be determined later.
VTG
1,000,000,000
Treasury
250,000,000
25%
No lock-up
Team
100,000,000
10%
1 year lock-up + 3 years vesting
Rewards
500,000,000
50%
Gradual issuance; no lock-up; claimable at listing launch
IDO / Liquidity
150,000,000
15%
No lock-up; releases first 12 months
Owning NFT pins create tickets
Use tickets to enter the games in various tiers (Paid I, II, III)
Earn gVTG from playing the game sessions.
Use gVTG to purchase more NFT pins
Claim (trade) VTG from gVTGs
Use VTG to purchase more NFT pins from the marketplace
Swap / trade VTGs on various exchanges (i.e. pancakeswap)
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