Tokenomics of Walken: Allocation, Use Case & Potential of The Walken Token ($WLKN)
What is $WLKN?
$WLKN is a SPL-Token that is based on Solana Smart Contract. It is secured according to Solana hybrid protocol of proof-of-stake (PoS) and a concept Solana calls proof-of-history (PoH). $WLKN is a key Walken token that drives the in-game economy ensuring its stability while allowing players to monetize their activity and play to earn.
$WLKN Information
- Blockchain network: Solana Smart Contract
- Total Supply: 2 000 000 000
- Token Sale
- Private sale 22,6%, 1-year lock-up then linearly 12–18 months;
- Strategic investment 1,4%: 10% TGE, 6 months lock-up, then linearly 18 months;
- Public sale 1,35%: 100% available at TGE;
2. Token Allocation
- Token Sale — 25.35%; Unlocked as per token release schedule
- PTE Rwrds/Ecosystem/Staking/Airdrop — 38.65%; 1% at TGE then linearly for 36 months
- Team & Advisors — 17.00%; 18 month Cliff, then linear vesting over 25 months
- Treasury & Marketing — 15.00%; 6% at TGE, then linear vesting over 32 months
- Liquidity (DEX and CEX) — 4.0%; Strategic release as per market demand
3. Token use case
- For staking;
- Payment unit on Marketplace;
- For leveling up CAThletes;
- For minting CAThletes;
- For providing liquidity on exchanges.
How to earn $WLKN?
$WLKN token can be earned in Walken as a reward for winning competitions. Defeating others in races ensures a player a certain amount of tokens. The higher the League a player participates in, the larger is the prize pool and the more tokens they can win. Another way to earn $WLKN is selling items and CAThletes on Marketplace.
Developing CAThletes and taking them to a higher level also requires a certain amount of $WLKN, but each new level reached boosts player’s chances to win more tokens as they become able to join higher Leagues with a stronger and faster CAThlete. Such mechanics are a good incentive to use the token in the game, which in turn contributes to stable tokenomics.
To sum it up, $WLKN is a promising token offering a range of possibilities that should not be overlooked. Do not forget to follow our official channels on Twitter and Telegram to stay up to date on the latest and greatest news from The Walken team!
