Utility

Overview of Token Utility

$TMG Token is a utility token that is used in the Top Manager game. The primary purpose of the Token is to serve as an in-game currency that players need to spend whenever they want to trade NFT assets or mint a new asset to the blockchain.

Utility #1:

Tokens are needed to mint gaming NFTs. Creating a blockchain asset in Top Manager is a premium action that requires Tokens. Examples of in-game activities which involve minting new blockchain assets include:

Whenever Tokens are used, a specific % will be moved into a Rewards Pool to be distributed back to managers that play the game.

The Token cost of minting a particular NFT will increase with each NFT minted, which will encourage the early use of Tokens and serve as a mechanism to regulate the supply of assets and avoid the scenario of the market being flooded with items.

Utility #2:

Tokens are needed to buy assets in a primary sale or as a fee in secondary sales.

Whenever a player purchases assets in a primary sale (from the Developer or the Creator Hub), a specific % of the sale value must be paid in Tokens and sent to a rewards pool.

Whenever a player trades assets in a secondary sale (peer to peer), 50% of the marketplace fee that the Developer charges must be paid in Tokens and sent to a rewards pool.

To simplify the user experience, we will allow all purchases to occur in a single transaction and automatically purchase Tokens from a DEX and transfer those Tokens to the rewards pool on the buyer's behalf.

Utility #3:

Tokens are distributed back to players via Active Staking rewards. Tokens in the rewards pool will be given away via active staking, where players must stake and actively participate in the game to receive rewards. There will be two stages of active staking based on implementation timelines and development.

Active Staking Stage 1: Vote + Stake Tokens in the reward pool are distributed to everyone who votes on meaningful game decisions. The development Team will decide what decisions get put to the vote. Examples of topics include awarding development grants or changing the reward weighting for player rewards. Any vote will be considered binding if it passes the prescribed minimum requirements, for example, 80% acceptance. Token holders must both stake and vote to earn rewards, with rewards being proportional to their staked amount. Tokens may be subject to transfer restrictions.

Active Staking Stage 2: Play + Stake In the long-term, we plan to distribute Tokens in the reward pool to everyone who "plays the game" instead of everyone who votes. This structure will be designed to grow and enhance the overall game and economy for all participants. Token holders must also stake to receive rewards, with total rewards proportional to the Tokens they stake. Tokens rewards may be subject to transfer restrictions. The definition of play the game is intended to require active participation, and for example, may include in-game achievements that require 30 minutes of playtime per week. To build a more cooperative community, Token holders will be able to delegate their "play the game" work to other players in exchange for sharing a percentage of their Token rewards. Implementing this change may require passing a community vote and will be subject to development timelines.

Utility #4:

Used for Governance and Voting. Token holders will be able to vote on token-related proposals via decentralized governance. Proposals will include topics such as how to allocate token reserves, voting on developer grants, activating daily rewards and changes in token supply. Other proposal categories may be added via the appropriate decentralized governance processes. Our goal is to continuously add to the utility and decentralization of the Token through user voting. In order to submit a proposal for voting, an individual needs to own a certain threshold of tokens, which will be determined at a later date.The Foundation has the right to propose items to be put to vote that are seen as positive for the ecosystem as a whole, and will perform a facilitation role in the curation of proposals that will be voted on by all Token holders. All votes that successfully pass will be executed accordingly and as soon as feasible given consideration of commercial and technological implementation limitations. Protocol governance is performed on L1, with wallet balances sourced across both L1 and L2. The more tokens a user holds, the greater their voting power.