Token Utilities
The $COH token is a versatile utility token within the Crypts of Horus (CoH) universe, designed to enhance the gaming experience through various use cases. Here’s a detailed breakdown of its functionalities and benefits:
Overview
Utility Token: The $COH token is central to the CoH ecosystem, with its primary emission through leaderboard rewards and competitive or collaborative game modes.
Continuous Improvement: The CoH team, in partnership with Crypts of Horus PTY LTD, aims to continually enhance the token’s utilities to benefit the game and its players.
Minting Gaming NFTs
Core Component: $COH is essential for creating blockchain assets in CoH.
Access: Players primarily use $COH to mint gaming NFTs, with special events allowing token spending for minting.
Free-to-Play: Players can earn limited access to minting through in-game activities and leaderboard competitions.
Economy Balance: Holding rewards and minting rates will be managed to maintain a sustainable and enjoyable game economy.
Required for Crypt Transactions
Promotional Events: The Crypt will host events to rebalance NFT supply with exciting rewards and offers.
Activation: $COH tokens are necessary to activate the Crypt, with tokens accruing to the CoH team and 20% allocated for Active Staking rewards.
Buying and Selling Assets
Secondary Sales: Players can list and trade blockchain assets in $COH, with transactions requiring $COH.
Marketplace Fees: 20% of the marketplace fee must be paid in $COH and sent to a rewards pool.
Future Sales: $COH may also be used for future NFT primary sales.
User Experience: To simplify transactions, purchases can be completed in a single transaction, with $COH bought on the open market and transferred to the rewards pool on the buyer’s behalf.
Active Staking Rewards
Distribution: $COH tokens will be distributed to players as Active Staking rewards by Crypts of Horus PTY LTD.
Funding Sources:
In-App Purchases: 20% of net revenue from in-app purchases will be used to buy $COH for rewards.
Fees: 20% of royalty fees will be swapped for $COH for rewards.
Crypt: 20% of $COH used in the Crypt will go to rewards.
Participation: Players must stake their $COH tokens and actively participate in the game to earn rewards.
Program Details: Further details on the Active Staking rewards program will be announced later.
Governance and Voting
Future Plans: $COH token holders may be able to vote on token-related proposals via decentralised governance.
Proposal Topics: Topics may include token reserve allocation, developer grants, daily rewards, and token supply changes.
Proposal Requirements: A threshold of tokens will be needed to submit a proposal, as determined by the Foundation.
Foundation Role: The Foundation will facilitate the curation of proposals and propose items beneficial to the ecosystem for voting.
The $COH token not only serves as a currency for transactions and rewards but also fosters community engagement and future participation in the governance of the CoH ecosystem.
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