HOW JOKER CHIP COINS ARE DISTRIBUTED ?
The Joker chip coin tokens or JKRC tokens are the native utility tokens. They can be used across the Joker Metaverse platform for gaming, fabrication of various components especially the NFT cards (Joker Cards), name changing NFT cards, etc. They will be listed on Decentralized Exchange, that is, the users can exchange the coins without any legal compliance or third party interference. This will attribute to enhanced liquidity which means, there will be no hindrance or latency while transacting the coins and providing the users with robust and efficient experience and utility. They can be used seamlessly on the platform to enable purchases. Users can buy digital assets that can include clothing, creating avatars or even buying a real estate or land. Thus, the winning amount they will receive upon playing the game is also in the form of JKRCs. Thus, these utility tokens will enhance the experience of the users and will even make it better.
Thus, the winning pool distribution will depend completely on which card the user currently holds. The prize distribution is listed below:
- Joker Face cards will get 0.5% of the market place rewards, along with 0.5 % of the total game earning of that deck card.
- The winning deck will get 90% of the winning pool where the winner gets 85% share and NFT card holders get 5% share.
- The remaining 10% pool will be acquired by the platform and will be distributed to different panels, i.e. operational (30%), Academy (30%), Joker face card (10%), Brand Ambassador (2%) and development (25%).
- The coins will be exchanged via decentralized exchange so that they are robust and efficient for the users.
- About 40% of the total JKRCs will be utilized by the players on the platform and total number of the tokens produced will be 1 billion in all.
The Joker chip coin tokens can be purchased by the users. There is a minimum offset and maximum value. The minimum and maximum purchase rates are classified as Soft Cap and Hard Cap respectively. The price of the tokens belonging to each of the categories is classified under.
Soft Cap = 10 million USD
Hard Cap = 40 million USD
Million Total Tokens = 1,000 Million
THE JOKER TOKENOMICS AND ITS STATISTICS
The Joker Metaverse Tokenomics, which will demonstrate the distribution of the Joker chip coin tokens or the JKRCs, will function as the following. The JKRC share is distributed to various categories for different purposes, i.e. those which will mutually benefit the user as well as the team and the platform. The expenses in JKRCs belong to certain percentage and are divided into various categories.
- Seed sale is a form of security offering in which an investor invests capital in a start-up company in exchange for an equity stake. Thus, this category involves the 3% of share of JKRCs.
- The private and public sale category includes 4% and 5% of the JKRC share. Thus, these will be utilized in expansion purposes of the platform.
- The community building via online and offline means includes the 9% share of JKRCs.
- Mining funnel rewards pool will incorporate 40% of the JKRC share.
- Other shares such as product development, strategic partners and team building will include respective JKRC shares of 12%, 15% and 12% respectively.
If you want more information about JOKER METAVERSE you can go through these links.
For more visit: https://jokerverse.io/
Telegram community: https://t.me/jokermetaversecommunity
Discord: https://discord.gg/3xJqg4pfe2
Twitter: https://twitter.com/JOKER_METAVERSE
