Pteria announces the PTERIA token for gaming

Today the Pteria DAO is happy to announce the launch of the PTERIA token. For the first time, PTERIA will be used by the game called Wallem, but in the future, it will be implemented in other projects as well.

The Pteria DAO

PTERIA token is a governance token within a DAO, managed through the Aragon protocol™. Users can control the development of the DAO and take an active part in the team decision-making process by voting or making proposals.

The DAO was born as an independent entity from Wallem™ or other games, but, through a vote, the DAO decided to allocate part of its tokens (2.5 million to be precise) to Krakatoa™ (Wallem’s parent company).

The Pteria DAO, in fact, was created precisely for this: to reward interesting and deserving projects, giving them tokens to implement on their platforms, encouraging the use of the blockchain in the games sector.

PTERIA on Wallem

The player who installs Wallem can purchase PTERIA tokens easily and immediately, simply by using in-app purchases through their favourite payment methods such as credit cards or PayPal™.

This way, the PTERIA tokens bought by the player will arrive on his/her wallet inside the game app. Here they can be used to play, participate in events or change skins. The PTERIA token, in fact, is also a utility token that has its own value and use within the game: for example, it will be used to participate in events and buy skins.

PTERIA in and out of the Wallem app

As mentioned, there are two ways to buy PTERIA tokens: from the Wallem app or from private individuals. Another way to get PTERIA is by playing since there is a permanent Pteria event that allows to “hunt” for tokens on the map.

However, there is a difference between buying tokens inside or outside the Wallem app. In fact, if the PTERIA are bought by private individuals, the user can move them at will, resell them, give them away, move them to other wallets and they will not be blocked in any way.

Instead, if they are purchased in-app, the PTERIA will stay inside the app and you can use them only as tokens to play games, complete missions, change skins and so on.

The staking

Another way to increase PTERIA tokens is to stake them. These rewards are achieved by users after they have staked their tokens and have also participated in the voting.

By doing so, users will receive a 25% reward in PTERIA tokens. There will be votes every 15 days (era). If the user does not vote, the reward will not be unlocked for that vote.

Users who stake not only get 25% of these rewards in PTE, but also Ethereum, Bitcoin or other tokens related to crypto events that take place in the app. In fact, the DAO marginalizes gains, which are shared among those who have the tokens in staking.

These gains are the income, for example of the NFT (the chapter dedicated to the NFT will follow later on) and therefore they can also be Ethereum (ETH) or another crypto in the case of other events organized by third party companies.

How to profit with NFTs

As we were saying earlier, Pteria’s DAO marginalizes earnings, which are shared among those who have tokens in staking.

These earnings are the income for example from the sale of NFTs (Non-fungible tokens). In the case of Pteria, the DAO has created these NFTs which represent nothing more than the skins of the game.

By visiting Rarible™, in the Pteria’s store users will be able to find different NFTs that represent the skins of the game. A user can buy one or more NFTs at a time, using the Ethereum cryptocurrency (ETH) as payment method.

Users who will buy these tokens will get 10% of all PTERIA or other crypto and tokens collected in-app on Wallem for the corresponding skin. The DAO will always keep at least 20% of each NFT and therefore of the related earnings.

Until someone buys the NFT, revenues from the PTERIA sale of the skins on the Wallem app will go into the DAO for 100%. In some cases, depending on the skin a user has, events on Wallem will cost less or even be free.

Token distribution

• 2.5 million entrusted to Wallem;
• 1.25 million for development;
• 1 million for marketing;
• 750 thousand for advisor;
• 2.75 million as a reserve for other projects;
• 1.95 million for the 6 founders;
• 1 million for legal assistance;
• 4.2 million for the annual interest reserve;
• 3 million for the farming of Pteria;
• 1 million for Technical Support;
• 1.55 million early investors.

Of these, 12,250,000 PTERIA are locked, while 7,200,000 are unlocked.

To partecipate, join us on on Telegram & Discord, follow our updates on Twitter, and express your voice in the Pteria Forum.