NFT Panda
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Tokenomics
The game is under development so all contents are subject to change.
Specification
The name of the token: Bamboo.
Token’s symbol: BAM.
Network: WAX Blockchain.
BAM Maximum supply: 10 000 000 000 (for the NFT Panda universe in a WAX Blockchain).
Circulating Supply: The treasury of Bamboo is replenished as the BAM supply dries.
There is the system of the seasons that exists. 1 season = 1 month. Each month a Council of Elders takes a decision about economic balancing. (The start date of the seasons has not yet been set).
The token is created for players to reward through the Play-to-Earn mechanism in coordination with different mechanics of NFT Panda: World of Fantasy game. It is being achieved due to token farming via sending your Pandas characters into adventures. You can increase the reward by improving a character’s rank, but for doing this, it is necessary to add BAM tokens in a stake, that prevents early sale to players and encourages them to accumulate and use it in a game, for example for buying slots and other items.
We established the economy in such a way that provides more usage for tokens, wherein exist not only inflation mechanisms, but deflation as well, that in the end can increase the token’s value. Game tokens gain their value over time. The most important thing is that we put the players at the center of the economy, as we consider that exactly the users bring to the project the main value. 100% of Users’ BAM expenses on in-game purchases will be returned to the economy for distribution. 90% to Play-to-Earn mechanism and 10% will replenish the prize pool for tournaments and events.
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The first emission of tokens for the team will be locked for 6 months, and for advisors for 3 months.
UPD: We have decided to extend lock up period for 3 months to support the value of the token. Further, unlock will be 1 year linear.
Token Usage
1. Slots
The player will have 1 free slot for the adventures, also there is an opportunity to increase slots’ number to 20, to increase slots it is necessary to pay with BAM tokens. 30 BAM in an arithmetic progression for each slot with a step of 30 BAM. The maximum slots’ number at present. In the following updates may be increasing of the quantity of the slots.
Number of slots
Cost
Slot #1
FREE
Slot #2
30 BAM
Slot #3
60 BAM
Slot #4
90 BAM
Slot #5
120 BAM
Slot #6
150 BAM
Slot #7
180 BAM
Slot #8
210 BAM
Slot #9
240 BAM
Slot #10
270 BAM
Slot #11
300 BAM
Slot #12
330 BAM
Slot #13
360 BAM
Slot #14
390 BAM
Slot #15
420 BAM
Slot #16
450 BAM
Slot #17
480 BAM
Slot #18
510 BAM
Slot #19
540 BAM
It should be noted that 100% of the proceeds from the slots are returning to the economy. It is not a profit of NFT Panda team.
2. Rank’s increasing
To achieve mastery an apprentice needs to comprehend a lot of truths as well as pandas are needed to be educated to improve their skills. To avoid hyper improvements, there are the maximal numbers of levels for increasing the panda’s rank.
What is required to increase the rank?
Experience (the quantity of finished adventures) + BAM token’s stake.
How many finished adventures are required to increase a rank?
To increase a rank panda needs to commit a certain number of adventures. During the calculation the Fibonacci’s formula is used:
- 1.Officer Cadet - 8
- 2.Second Lieutenant - 13
- 3.Lieutenant - 21
- 4.Captain - 34
- 5.Major - 55
- 6.Lieutenant-Colonel - 89
- 7.Colonel - 144
- 8.Brigadier - 233
- 9.Major-General - 377
- 10.Lieutenant-General - 610
- 11.General - 987
- 12.Legend - 1597
*In the future ranks will be needed as access to new locations.
3. Staking
To improve each panda’s level it is necessary to add BAM tokens in a stake, the required number of tokens depends on the panda’s rank and rarity. The table shows the required number of stake from one rank to the next.
Note that panda's withdrawal from Elgard's world leads to rank's annulment (withdrawal NFT from a game to a wallet).
4. Craft
Crafting and upgrading weapons allows you to launch the second stage of the game, in which players can produce valuable NFTs. This facilitates deflationary mechanisms that increase the value of BAM tokens. In addition, thanks to crafting, part of the BAM is returned back to the reward pool for players to earn in order to balance the economy.
Last modified 1mo ago