Token Utility

Utility for $VY Tokens

A major goal of the Vy Worlds community is to continually create new ways to unlock utility for the $VY token via new features, NFT types, partnerships, and governance use-cases.

Utility #1: $VY tokens are needed to buy assets in primary and secondary sales.

After the $VY token is launched, the project will transition from supporting ETH and $VY, and move towards more sales being done in $VY tokens.

This includes the purchase of:

• Vy NFT

• Weapon NFT

• Vy Sticker NFT

• Game Block NFT

• Game World NFT (minted by other players)

• Weapon NFT

The community has plans to launch NFT vehicles, music (for game creators), and more depending on new game types supported.

Utility #2: $VY are needed to mint NFT on the platform.

When creators want to mint NFT to sell on the platform, they need $VY tokens to mint. This includes when players want to mint their games as NFT.

When the project transitions to become a DAO, mint new Vy NFT will become permissionless based on a smart contract that anyone can interact with to mint.

Utility #3: $VY tokens are distributed back to players via Active Staking rewards.

A portion of $VY tokens spent to mint, buy, or trade assets will be sent to the staking rewards pool.

Long-term plan: stakers can pick games for featuring and stake tokens towards that game. This way a staker’s effort enhances the value of the whole network.

Utility #4: Governance for Active Staking

By staking $VY, players will be able to vote on proposals and influence decisions around game features, game economy, content releases, and more.

To be considered an Active Staker, the token holder will need to stake games on the platform or actively play the game.