Tokenomics
Tokenomics Overview
Ultimately, our goal is to enter the expansion stage and become a complete ecosystem. We undertake all these use cases and applications with the ultimate goal of refining our infrastructure and services. Once these infrastructures mature, our next step is to translate all achievements into open standards and make them available to all developers.
Specifically:
Open Standards: Turn our technology and services into open standards for developers to use. This way, more developers can utilize our infrastructure to build products in M-World.
Building an Ecosystem: Through an open platform, we hope to build an ecosystem that incentivizes content creators who develop successful applications and attract more users.
Collaboration and Win-Win: Through an open platform and standards, we encourage more developers and content creators to join us in jointly building and enriching the world.
Our vision is to create a thriving ecosystem that attracts various innovations and high-quality content, allowing all participants to benefit and grow in this world.
Overview of WORLD3 Tokens
The WORLD3 ecosystem is powered by a dual-token system designed to enhance user engagement and provide robust utility across the platform. These tokens, $W3C (on-chain) and Lumens (off-chain), play distinct yet complementary roles in driving the WORLD3 economy.
$W3C Token: The On-Chain Powerhouse
WORLD3 Coin ($W3C) is the official on-chain token of WORLD3, serving as the primary medium of exchange and governance within the ecosystem. As an on-chain asset, $W3C offers the following utilities:
Participation in Exclusive Partner QUESTS: Join special missions on the QUEST platform to earn valuable rewards.
Incentivized Gaming: Play the Crystal Cave game using $W3C.
Purchasing In-Game Items: Buy avatar outfits, lands, and ad spaces within the WORLD3 ecosystem.
Enhancing SOUL Dragons: Unlock custom features like outfits, voice packs, and emote animations for SOUL Dragons.
Staking for Rewards: Stake $W3C to earn Lumens (off-chain rewards) and other benefits.
On-Chain Voting: Participate in governance by voting on ecosystem-related proposals.
Access to Special Missions: Unlock and engage in exclusive missions within the WORLD3 QUEST platform.
The launch of $W3C is planned for Q4 2024, with more details to be released soon.
Lumens: The Versatile Off-Chain Utility Token
Lumens are the off-chain utility tokens within the WORLD3 ecosystem, playing a crucial role in enhancing user experiences and enabling various platform functionalities. Lumens can be converted into on-chain tokens during the $W3C Airdrop, adding versatility to their use across the platform. These tokens are earned through in-game achievements, staking, and other platform-related tasks.
Key uses of Lumens include:
WORLD3 QUEST: Complete tasks or challenges on the QUEST platform to earn Lumens as rewards.
AI Chat with SOUL Dragons: Participate in incentivized AI chat sessions with SOUL Dragons to unlock additional Lumen rewards.
WORLD3 dApps (P2E Games: Crystal Cave Mining Game): Participate in WORLD3βs first fully on-chain mining adventure game and earn Lumens by mining blocks.
Staking: Earn Lumens through staking activities. There are two staking phases:
Phase 1: Pre-Airdrop period.
Phase 2: Post-Airdrop period.
Lumens are released on a controlled schedule to manage supply and demand, ensuring a stable and sustainable in-game economy.
The Synergy of $W3C and Lumens
Together, $W3C and Lumens create a dynamic and balanced ecosystem where players can seamlessly interact with both on-chain and off-chain elements. Whether you're a gamer looking to earn and spend Lumens, or a token holder interested in governance and staking, WORLD3 offers a comprehensive platform that integrates both tokens to enhance your overall experience.
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