In our previous piece, we discussed the SWANKY project in general and what the platform is all about. The utility and tokenomics of the SWANKY token will be discussed in this essay.
UTILITIES
The main purpose of the SWANKY token is to provide a currency for users to utilize on the platform to place bets on the network's games.
Users can boost their chances of earning additional SWANKY tokens through winning games, airdrops, and loyalty benefits by purchasing and using the SWANKY token.
The SWANKY token will be used in a variety of games and gaming markets, including casino games like blackjack, roulette, and poker, as well as sports betting markets like football, basketball, and baseball, and eventually e-sports.
TOKENOMICS
The overall token supply will be limited to 1,000,000,000,000 tokens.
Half of the total supply will be used in the game for awards, trade, and bonuses.
After the first launch of the gaming platform, 10% of the token will be airdropped to token holders.
20% of the token would be used for marketing purposes.
10% of the cryptocurrency would be distributed to the team in the form of development fees and wages.
The remaining 10% of the token would be burned.
HOW THE LOYALTY BONUSES WORK ON THE PLATFORM
After the platform is released, token holders will be able to receive additional prizes in addition to the profits from the games they play. The quantity of tokens won as a loyalty bonus will be determined by the amount of tokens the user holds and how much they engage with the platform.
The distribution ratio of the loyalty benefits will be 10:1, where 10 indicates the number of games played by the user and 1 represents the loyalty bonus. Simply put, for every ten games played by a user, they will receive a bonus equal to 10% of the total amount they have spent on the previous ten games.
Watch out for more updates.
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