$TANK Token
Last updated
Last updated
What is a play-to-earn game without its token? Just a game. Here is a full guide to the game’s most vital feature.
For starters, the $TANK token will be a BEP-20 token, as the game itself will be on the Binance Smart Chain network.
What are the uses of it? $TANK token can be used in the following ways:
The TANK token is a governance token, meaning, it's holders will have voting power on the DAO that will shape the future of the game!
The TANK token is also used as an additional reward for players, for example as a reward for winning positions in the leaderboard.
Stake your $TANK tokens in-game or in liquidity pools on DEXs. Earn either more $TANK tokens or LP tokens earned from the liquidity you add to the TANK/BUSD pool on DEXs.
The Total Token supply is fixed at 100 million and its future distribution is already carefully planned. For a better understanding let’s see the following token graphic:
It’s important to highlight that for every Tank NFT sale there will be a 3% burn rate of the transaction, so the token doesn’t actually have a fixed supply, but a deflationary one! Now each of these categories has its own conditions and vesting periods. Let’s see one more table for briefness:
Token Distribution
Conditions
Seed Sale
20% Unlocked at TGE; 20% Released every 3 Months after that (4, 8, 12, 16).
Private Sale
20% Unlocked at TGE; 20% Released every 3 Months after that (4, 8, 12, 16).
Public Sale
25% Unlocked at TGE; Linear vesting of 25% after that (2, 3, 4).
Team
12 Month Lock Up. 20% Released every 3 Month after that. Month(13, 17, 21, 26, 30).
Marketing, Acquisitions & Licenses
10% Unlocked at TGE and 5% Monthly Unlock
Staking, Liquidity & Incentives
30% Unlocked at the TGE and 5% Monthly unlock
Development
5% Unlocked at Month 2,3,7 & 10. Then 20% every 3 Months after that. Month(13, 16, 19, 22)
Game Incentives and Rewards
10% Unlocked at Month 2; 5% every month after that until Month 13, then 2.5% until Month 26.
Advisors & Partners
6 Month Lock Up. 5% Linear Vesting.
TGE: Token Generation Event
As you can see all conditions are logical. The Team has the most long-term vesting period, and that showcases their commitment to the game. Also, the public sale is the least restrictive with a minimum amount of lockups and the biggest percentage of instantly unlocked tokens. Follow us on Twitter, discord, and telegram to be notified of our IDO date!
