Revolutionizing Gaming with THX Network’s New Vote Escrowed Tokenomics
TLDR; Stake and lock your $THX to get $veTHX and earn your share of 70% of fees through staking or quest completion. Early stakers might find themselves rewarded — check out the tutorial to start staking your $THX now.
In the evolving landscape of blockchain and gaming, THX Network has made a significant leap with its recent update to the voted escrow tokenomics model.
This enhancement is designed to align the interests of reward campaign owners, participants, THX token holders, and THX Network BV, ensuring a more integrated and rewarding experience for all involved.
By aligning the interests of gamers, game studios, and token holders, THX Network sets a new standard for rewards and interaction in the digital space, promising a revolutionized gaming experience.
Simplicity and Accessibility
At the heart of this update is the innovative 8020 liquidity pool, a central hub for protocol fees and liquidity incentives. Built on the robust Balancer protocol, yet soon adorned with a THX Network-branded interface and wallet integration, it simplifies participation while making the system accessible to a broader audience.
Key enhancements to the 8020 liquidity pool include:
- Governance Token: Stakers in the 8020 pool receive ‘veTHX’, the new governance token, granting them voting rights and a say in the network’s future directions.
- Protocol Fee Collection: Funds collected as protocol fees are auto-compounded and claimable by stakers in the 8020 pool, proportional to their staked amount, ensuring a fair distribution of rewards.
- $BAL Liquidity Rewards: Rewards from providing liquidity are routed to the 8020 pool in the form of $BAL, which is the native token of the Balancer ecosystem, further incentivizing participation.
This strategic pivot not only enhances user experience but also solidifies the network’s infrastructure, making it a one-stop solution for rewards and engagement in the gaming community.
We extend our heartfelt thanks to the Balancer Labs team for developing the technology that underpins our ecosystem. Special gratitude goes to the Balancer DAO for their generous grant, which enabled the development of the ve8020 launchpad, an important building block for our protocol. You can explore more about this initiative at ve8020.xyz and Balancer Grants.
Last but not least, we also want to acknowledge ProtoFire.io for their expertise in developing the launchpad’s smart contracts and user interface, which have been instrumental in enhancing the platform’s functionality.
Fee Structures Unveiled
The Campaign Manager Fee is ingeniously structured, comprising a Subscription Fee and a Protocol Fee. And all while technically these are separate fees, paid in batched but separate transactions, in order to keep it understandable for campaign owners these can be accurately expressed as a percentage of a total fee to be paid. Specifically, the Subscription Fee constitutes 30% of the total, directly supporting THX Network’s innovation and front-end by being allocated to THX Network BV’s own wallet, known as the Company Safe.
Next to that 70% is designated as the Protocol Fee, divided among THX token stakers (80%) and campaign participants (20%), promoting a community of shared success.
This detailed allocation ensures a transparent and equitable distribution of costs and rewards, facilitated by essential contracts like the Company Safe, Campaign Manager Wallet, and Reward Distributor.
A New Era for Gamers
For gamers, this tokenomics overhaul isn’t just a technical update; it’s an invitation to deeper engagement within the THX Network ecosystem. With 70% of the fees being redirected back to the open ecosystem of token holders and campaign participants, also known as gamers, THX Network fosters a supportive environment where contributions are rewarded.
Among the exciting opportunities available, gamers can participate in campaigns from well-known platforms and games such as Gala Games, The Dustland and Forest Knight. Each offers unique rewards and experiences, enriching the gaming landscape and providing diverse ways to earn and engage within the THX Network.
Get ready to level up
With a focus on community, new tokenomics and business models, and a sneak peek at the thrilling Campaign Discovery platform and THX Memberships, the network is set to redefine what it means to play and earn in the digital age.
Early stakers might find themselves rewarded for their pioneering spirit, as THX Network values the early adopters who contribute to the network’s growth.
How to Start:
- Acquire THX Tokens: Begin by purchasing THX tokens (address: 0x2934b36ca9A4B31E633C5BE670C8C8b28b6aA015) on Balancer or Quickswap, a the first step to entering the THX ecosystem.
- Join by getting a membership: With your THX tokens in hand, join using the dashboard and start your journey in the network.
A THX Network branded interface for power users offers a streamlined DeFi-like staking experience and is available through THX Network’s official Earn dashboard.
Let’s meet in our communities
Discord 👾
X 🦤
Telegram ✈️
YouTube 📺
Get the $THX token
Balancer (Polygon) ⚖️
1Inch (Polygon) 🐉
Other resources
Developer and campaign manager docs 📋
Code on Github 🛠️
Audit report 🕵️
