[GAME] THE KING OF FIGHTERS ARENA Introduction Part3 — Tokenomics
Dear MARBLERS,
We welcome you to our third game in the MBX ecosystem, THE KING OF FIGHTERS ARENA! This time, we prepared KOF ARENA’s Tokenomics. Hope you enjoy it!
🟪 Fighters’ Club Token
FCT Introduction
The FCT (Fighters’ Club Token) is The King of Fighters ARENA’s utility token that is used on the MARBLEX platform. Users can exchange FM (Fight Money) obtained from The King of Fighters ARENA to FCT and freely use the FCT outside of the game (save, trade, sell, and purchase).
How to Get Fight Money
FM can be earned by playing KOF ARENA with a Controller NFT connected or by owning a Fighter Card NFT. Players can then convert FM to FCT.
Issue & Use Plans
There will be an initial issuance of 1,000,000,000 FCT. If the KOF ARENA’s economy needs to be expanded in scope, then additional FCT may be issued as needed to grow KOF ARENA’s economy.
FCT use plans can be broadly broken up into 4 categories: in-game distribution, marketing, operations, and platform fees. Their amounts and distribution can be seen in the table below.
Exchange
The in-game currency FM can be earned by playing the game with a Controller NFT equipped or by receiving a payout for owning a Fighter Card NFT, and can be exchanged for FCT.
The exchange rate for the conversion of FM to FCT is calculated based off of the number of active Controller NFTs.
The actual exchange rate is an average of the past 7 day’s daily exchange rate and each daily exchange rate used in that calculation is also an average, providing a buffer against exchange rate volatility.
The actual exchange rate will switch over to the average of 7 days once daily exchange rates for 3 days have been recorded.
Exchange Limit
Daily limits on FCT converted from FM may be applied to in-game accounts.
🟪 Token Characteristics
Acquisition Proportional to Skill
FCT is built for players who actively play KOF ARENA. Players who constantly strive to reach higher leagues will earn substantially more than players who play just to “mine” FCT.
Reasonable Value
The algorithm for the FM to FCT exchange rate is built to adjust to FCT production and with a finite service duration in mind to set reasonable values per token.
Value Conservation
KOF ARENA implements FM sinks in the form of Controller NFT repairs and enhancements, new Controller NFT minting and more to combat the effects of token inflation.
Additionally, players that aspire to be tournament champions and players looking to maximize their in-game earning by climbing the leagues will be incentivized to spend FM via the Mastery system, which preserves the value of FCT even further.
Reliable Investment Asset
FCT will only be used for in-game exchange, marketing, and platform fees to cover the cost of operation and development, and we will not directly sell tokens to any entity.
🟪 NFT
NFT Product
If you own an NFT product, then you can earn additional profit. Products like the Controller where it allows players to earn additional currency and Fighter Cards that allow players to earn dividends without playing the game exist. Not only that, there are products that allow for higher mining efficiency and products that change the stats of fighters as well.
NFT products are carefully managed in terms of circulation as they can have a large impact on the game. Therefore, a fee policy will be applied for maintenance such as game development and reward production for environment stabilization.
Controller NFT Issuance
The Controller is a very valuable NFT in The King of Fighters ARENA that adds value to gameplay and allows for a better gaming experience.
※ Check for more information about Controllers and their role.
Due to its importance, the amount of Controllers in circulation must be regulated. For this reason, we will issue 100,000 amounts for the initial Genesis Controllers.
Please refer to the guide below for the initial distribution amount. The value of the Genesis Controller is set as $160.
The King of Fighters ARENA NFT Fee
NFT holders can trade NFTs from the Marketplace provided by MARBLEX. Fees may be incurred for trades made in the Marketplace.
When making transactions using the Marketplace, a fee of 5% of the total transaction value will be charged in MBX token.
The Marketplace transaction fees are allocated as follows:
Fighter Card Issuance
Fighter cards exist for each fighter type and are NFTs that allow you to own a dividend stake in FM generated through a given fighter.
A total of 64 NFTs will be issued per fighter, and the number of NFTs issued according to the Fighter Card grade and the reward share distribution ratio per NFT are as follows.
Ex) When mining a total of 10,000,000 FM with Iori fighter in the game, the profit that can be obtained from one Limited grade Fighter Card is 20,000 FM (Dividends are distributed in FCT).
When a new fighter enters the King of Fighters ARENA, the fighters’ Fighters Card is also newly minted and provided to players.
Hope you like this content and stay tuned for more!
Thank you.
MBX Team.
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