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.
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.
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.
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.
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.
Our mission is to onboard millions of players to web3 with a fun and easy-to-use blockchain gaming platform. The $VY token will be the medium of exchange for the platform and for governing the Vy Worlds DAO.
Kick start the creator and player flywheel by guaranteeing tokens to creators who make fun games and players who engage and grow the network via social sharing.
Based on the utility behind the token and platform engagement, we want to list on Coinbase, FTX, Binance, etc in the next 12 months.
Our mission is to onboard millions of people to web3. This entails the project minting millions of NFT including characters, game building blocks, UGC games, stickers weapons, and more. Having a token allows us to scale up how many people the platform can support.
The expected issuance of $VY tokens for Play-to-Earn is expected to be slightly lower than the unlock schedule, as not all players will complete 100% of their challenges to unlock tokens. The team will likely save some tokens to allocate to future hires, also resulting in a slightly slower unlock schedule than what is predicted above.
Category | Allocation | Unlock Schedule |
---|---|---|
Play-to-Earn
20%
0 month lockup, 60 month vest
Create-to-Earn
15%
0 month lockup, 60 month vest
Seed sale
5%
12 month lockup, 48 month vest
Private sale
15%
12 month lockup, 48 month vest
Team
16%
12 month lockup, 48 month vest
Staking and Market Making
14%
Initial staking
Ecosystem fund
15%
Allocated from treasury based on quality of project submissions