World War Tez Update: Launch Date and new $GUTS Tokenomics

It has certainly been a ride since $GUTS launched not long ago, as the token faced multiple hurdles such as the Quipuswap ‘0 decimal exploit’ attack. To those of you that have stuck around through it all, thank you!

We are happy to say that we are nearing the time for a public beta launch of World War Tez, which will also include some exciting new tokenomics to breathe some life into $GUTS. Without further ado:

New $GUTS Tokenomics via World War Tez

• Players can purchase equipment with Tez, which gives them special power bonuses when fighting in specific territories. This will give you an edge if you want to focus on your favorite territory. 100% of Tez from these purchases will automatically be sent from within the same operation to the $GUTS liquidity pool on Quipuswap, which is distributed automatically to $GUTS liquidity providers as rewards. You can see an example of this in action here: BetterCallDev
• Players can buy/sell/trade avatars with each other that will represent their character in-game. If you don’t own one, you’ll be displayed as the same generic image as everyone else. Only one of each avatar will ever exist. The minimum sale price is 100 Tez (but you can sell for any higher price), and 50 Tez from each sale will automatically be sent from within the same operation to the $GUTS liquidity pool on Quipuswap, which is distributed automatically to $GUTS liquidity providers as rewards. The remainder will go to the seller. You can see an example of this in action here: BetterCallDev
• A player’s balance of $GUTS liquidity pool tokens will add bonuses towards their character’s strength. The more liquidity pool tokens you hold, the more powerful you will become! For those who don’t know, any time you add liquidity to a DEX pool, you are actually holding liquidity pool tokens in the background. You can see an example of this in action here: BetterCallDev

We think this is an exciting way to rewards both $GUTS holders and liquidity providers at the same time, without making people choose between providing liquidity or supplementing their character for the game. It is quite unique to stake a ‘third-party’ token and receive the native token (in this case, $XTZ) as the reward!

Beta Launch Date: July 9th

We have tried our best to launch World War Tez in Q2 as we forecasted. Although we have something we could launch now, we decided to push it back just 9 days, as we have recently made the above changes, have a few small things to adjust on the front-end, and want a little more time for testing on the final feature-locked product.

This beta release will only be the first stage of the World War Tez launch. Over time, we will continue to update the application to add features, make it more pleasing to the eye, and to make it animated in true ‘video game’ fashion. The initial release is more an interactive dApp, while we will work towards releasing a more immersive play style.

Read more about World War Tez on XTZ News:

https://xtz.news/games/world-war-tez-where-it-takes-guts-to-win/

Current testnet contract:

https://better-call.dev/florencenet/KT1GwRctefkw1ak57NZ3EMLkq1uHj2uVbSpa/code

Buy $GUTS:

https://quipuswap.com/swap?from=tez&to=KT1Nbc9cmx19qFrYYFpkiDoojVYL8UZJYVcj_0

Token Burn Update

300,000 $GUTS have been burned thus far by being sent to the following burn contract: https://tzkt.io/KT1JJ5LeEuXLPzN3oyD7jn3b3APpyYpNJjs4/tokens

This brings the new max supply to 700,000, with only around 100,000 of that currently circulating. We are evaluating future distributions via airdrops for in-game activity, farms/staking, and more, as well as future burns.

Call for Talent!

If there are any experienced ReactJS developers, UX or game designers, or animators in the Tezos/GUTS community that are interested in contributing to future World War Tez development, contact us!