Arcade Galaxy Tokenomics
Dear Galaxy Fam,
Today, we are happy to share an overview and breakdown of Arcade Galaxy’s tokenomics. In this document, you will be able to find information about $RCADE, our governance token, and $LFG, our in-game utility token, as well as the economics behind it. We will also be discussing our token supply, distribution, and vesting schedules.
This document will be integrated into our whitepaper update, which will be published in the coming weeks along with the date and details of our upcoming IDO.
We’re grateful that you’re here to join us in this journey into the galaxy…
TABLE OF CONTENTS
- Basic Tokenomics
- $RCADE
- $LFG
- $RCADE Token Supply + Vesting Schedule
1. BASIC TOKENOMICS
a) In Arcade Galaxy, we want to reward those helping us shape the community — those players elevating our game to new heights through self-expression and designing playable content that is both unique and engaging. However, we also do not want to restrict normal players from earning through play. Looking back at online gaming’s history, play-to-earn by way of selling in-game items has been around ever since the first MMORPGs (ex. Ultima Online). When issuing utility tokens for Arcade Galaxy, we adopted proven models from the most successful Web2 games by designing an economy that incentivizes players to earn by selling rare or high-leveled in-game items (NFTs) on the secondary market, instead of selling the token directly. At the outset, our focus is on rewarding the creator base that supports Arcade Galaxy with imaginative contributions to our platform. With the power of blockchain, creators can now enjoy profit sharing made possible by DeFi, having the ability to vote and say on the game’s operation. With this model, we can democratize content delivery without sacrificing the fun factor of Arcade Galaxy.
We believe that strong tokenomics should include these qualities:
1. Secure players’ ownership and control of their digital assets.
2. Ensure players are able to profit off of their digital assets.
3. Create income generating incentives for gamers in the ecosystem.
4. Support real-time transactions within the game.
5. Fairly rewards players who contribute and play in the game.
Arcade Galaxy is built around the two currencies — $RCADE and $LFG.
$RCADE is an ARC-20 token with a 500,000,000 cap. It is our governance token and confers voting rights on the holder in proportion to the number of tokens held. $RCADE owners can choose to stake the token in different pools for different kinds of rewards, including: $RCADE, $LFG, tickets, in-game NFTs, better chance on upgrading NFTs, etc. A longer staking period means better rewards. Players earn $RCADE by winning games, with the prize money shared between the winner, the planet owner, and the Arcade Galaxy platform.
2. $RCADE
$RCADE is an ARC-20 token with a 500,000,000 cap and Arcade Galaxy’s governance token.
a) Acquisition Channels
I. Planet Owners would receive $RCADE from AG treasury based on DAO’s voting and ticket collected as a reward for helping us build the community.
II. $RCADE could also be purchased from the secondary market.
b) Staking
I. $RCADE could be staked in different pools for different kinds of rewards, including: $RCADE, $LFG, tickets, legendary in-game NFTs, greatly improve one’s chance on upgrading NFTs, etc. A longer staking period means better rewards.
c) Usage
I. Tournaments require $RCADE to participate, the pool would be split between Planet Owner (7%), Level Designer (if applicable, percentage varies), Winners (split 90%), and AG (3%).
II. $RCADE holders would be able to vote on Planet owners’ reward allocation and AG’s general direction.
d) Vesting
I. $RCADE received by Planet Owners would have a 30 days linear vesting period.
3. $LFG
$LFG is a ARC-20 token with no cap and is Arcade Galaxy’s utility token. AG would manually adjust $LFG release rate based off of total supply in circulation
a) Acquisition Channels
I. $LFG could be acquired by playing the game and staking $RCADE.
II. Planet Owners would also receive $LFG as part of the token rewards.
b) Staking
I. Staking $LFG would increase one’s chance of winning cubs, equipment, and cosmetic NFTs.
II. Staking $LFG would slightly increase one’s chance of upgrading equipment NFTs.
III. Staking $LFG would receive rare in-game cubs, equipment, and cosmetic NFTs.
IV. Staking $LFG would receive tickets for participating games.
c) Usage
I. $LFG can be used for purchasing in-game items (equipment, cosmetics, etc.).
II. $LFG can be used for purchasing builder’s items $LFG can be used for buying tickets.
III. $LFG could be used for upgrading equipment.
d) Vesting
I. All $LFG would have a 14-day vesting period before they can be traded in the secondary market, a withdrawal fee would also be applied if they choose to sell. There are no limits with in-game purchases and staking.
e) Details are subject to change.
4. $RCADE TOKEN SUPPLY + VESTING SCHEDULE
Capital from our partners helped us establish Arcade Galaxy. With the funding that we received from our partners, we were able to build out our team of developers, designers, game developers, content writers, community managers, and marketing team to bring this project to life.
For more information, follow Arcade Galaxy…
