$PLAYER

PLAYER is the governance token of the CryptoSteam platform and is the bearer of the value of the entire platform. PLAYER Token is used throughout the economic model of every game on the platform.

Each $PLAYER token is backed by a basket of assets (e.g. USDC) in the CryptoSteam Treasury, giving it an intrinsic value that it cannot fall below. CryptoSteam also introduces unique economic and game-theoretic dynamics into the market through staking and bonding.

Ways to participate in platform construction

Staking, Bonding, Play to Earn, three main ways to participate in CryptoSteam construction. Stakers stake their PLAYER tokens and NFTs in return for more Player tokens, while bonders provide LP or USDC tokens in exchange for discounted Player tokens after a fixed vesting period.

How can I benefit from Staking and Bonding?

The main benefit for stakers comes from supply growth. The protocol mints new $PLAYER tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit. Also, stakers can also get dividend income from various games.

The main benefit for bonders comes from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in PLAYER Token and thus the bonder's profit would depend on PLAYER Token price when the bond matures. Bonders benefit from a rising or static PLAYER Token price.

$PLAYER Tokenomics

Ticker: PLAYER

Contract: 0xbb648df4E3d69CF5203e3D161f5CD2Cc9cfD4350

Chain: Avalanche C-Chain Max Supply: 1,000,000,000 PLAYER

Distribution

The total supply of PLAYER is fixed to 1,000,000,000.

80% Additional Issuance via Staking

8% Early Investors:

80 million PLAYER, release 10% when CryptoSteam launches and followed by a 24-month linear release (3.75% per month) from the 3rd month after launch.

2% Public Sale:

20 million PLAYER, no vesting.

10% Team:

100 million PLAYER, locked for 6 months and followed by a 60-month linear release.

Utility

Stake

Stake $PLAYER to make a profit from auto-compounding balances.

Dividend Income

$PLAYER can enjoy the game token revenue from various games.

Payment

$PLAYER will be used as the common currency of the platform in each game and enjoy a certain discount, as well as the payment for CryptoSteam Launchpad.

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