$TANK Token
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!
Last modified 5mo ago