$LOOT Tokenomics
Last updated
Last updated
The economic design of the Loot ecosystem is one of the cornerstones of its game play. It revolves around a fixed supply of 33,841,561,000 $LOOT tokens. This creates a unique economic model where each token holds significant value, and its usage is crucial to the game's overall progression and development.
The tokens are distributed across a million-pixel grid, each tile containing a minimum of 10,000 $LOOT, with increments of 1,000 tokens until reaching the rare maximum of 100,000. The use of a randomization code ensures the rarity of tiles close to the maximum $LOOT, making each find an exciting event. In this way, the allocation of $LOOT tokens is not only fair but also introduces a layer of exploration and discovery.
In the Loot ecosystem, whenever $LOOT tokens are used in games, the Vault, on Loot Boxes, or other activities, they are permanently burned. This deflationary mechanism adds further weight to each decision made within the game, ensuring the value and importance of every $LOOT token. This creates a self-sustaining, player-driven economy that is constantly evolving and adapting.
The $LOOT tokens serve a multitude of purposes, from an entry fee to a redeemable prize. For a low entry cost of 0.005, users can purchase as many or as few tokens as they desire. Not only do these tokens grant access to various games and competitions, but they also offer loot holders certain perks, such as early access to new features and updates.
Apart from serving as the competition's entry fee and prize in ETH, $LOOT tokens offer opportunities to compete in games for NFT or ETH prizes. They can also be burned to redeem NFTs or other rewards, adding another layer of strategy and complexity to the game.
It's worth noting that there will be no further issuance or distribution of $LOOT tokens beyond the initial grid allocation. This makes the original grid the only chance for users to access and join the Loot ecosystem, emphasizing the value of each interaction and decision made within the game.
We are continuously working on enhancing the $LOOT ecosystem and expanding its functionalities. As the ecosystem evolves, users can expect an ever-growing array of experiences and opportunities, all powered by the unique tokenomics of the $LOOT token.
Stay tuned for further updates on the Loot ecosystem and its mechanics. We are excited to see how this unique and engaging economic model unfolds, driven by the choices and creativity of our players.
