$MONSTER Tokenomics
Last updated
Last updated
The Chainmonster token (ticker symbol MONSTER) is a multi-chain utility token and is fundamental to the Chainmonsters ecosystem, serving as a central element in both the gameplay and governance aspects.
$MONSTER tokens will originally be minted on the Ethereum blockchain with a fixed supply of 1 billion. However, Layer 2 bridges will be used to enable simple, fast, and cheap usage and transactions of $MONSTER for users.
The $MONSTER token in Chainmonsters is designed to offer true in-game utility and is therefore deeply integrated into all game systems, enriching and supporting the full game experience.
Utility: The $MONSTER token enhances all aspects of the game and provides access to exclusive rewards and in-game benefits through conversion to Chards.
Value Accrual: The tokenomics of $MONSTER are structured to reward active contributors and players, encouraging long-term engagement and investment in the ecosystem.
Earning $MONSTER:
Players accumulate $MONSTER tokens, the primary token of Chainmonsters as rewards for actively engaging in the game, participating in events, and competitive play. This integrates the token into the core gaming experience. $MONSTER will be rewarded to those most actively engaging and showcasing their in-depth knowledge about the game and its mechanics.
Usage of $MONSTER:
Staking or Exchanging for Shards: Players have the option to either stake or spend their $MONSTER tokens to gain Shards within the game.
Purchasing In-Game Items: Once a player has acquired Shards, players can strategically spend them on various in-game assets and boosts, such as resource packs, exclusive limited-edition cosmetics, and time acceleration boosts. This not only enhances the gaming experience but also adds a layer of strategy to resource management.
Dual Role in Gameplay and Governance:
Beyond in-game advantages, $MONSTER grants further access to utility outside of the game including governance and actively participating in the continued game development. We want to integrate the community, and $MONSTER stakeholders as tightly into the overall processes as we can, enabling players to have a say in the overall process.
$MONSTER will be usable for validation and for major treasury usage voting.
$MONSTER is deeply integrated into both the gameplay mechanics and the governance system of Chainmonsters making it a vital aspect of the whole experience. Allowing users to influence the game's development and economy provides a level of inclusion enhancing the whole ecosystem.
There are multiple currencies that are important for players throughout the Chainmonsters Ecosystem.
$MONSTER: The primary token of the Chainmonsters Ecosystem
SHARDS: A currency to enhance and boost certain aspects of the game as well as accessing exclusive rewards.
GOLD: Most commonly available free-to-play in-game currency.
Embracing the true cross-game spirit, $MONSTER will have utility in the Tapmonsters mobile spin-off upon TGE as seasonal gameplay rewards, Governance driver, and the pre-conditional means of obtaining in-game boosts and advantages.
