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.