Launching $3k to $10k tournaments. Important updates

Hey WAM fam!

We’ve got some exciting updates to share that will enhance your online gaming experience, making it more social and rewarding! Our new play-and-earn elements are designed to make gaming more fun and competitive. Here’s what you can expect:

Diamond level tournaments

• Prize pool: up to $10,000 in $WAM
• Entrance fee: $5 in $WAM
• Max players: 2,500
• 1 monthly tournament per game (1-month duration)

Gold level tournaments

• Prize pool: up to $7,000 in $WAM
• Entrance fee: $3,5 in $WAM
• Max players: 2,500
• 1 bi-weekly tournament per game (2-week duration)

Silver level tournaments

• Prize pool up to $3,000 in $WAM
• Entrance fee of $1,5 in $WAM
• Max players: 2,500
• 1 weekly tournament per game (1-week duration)

Bronze level tournaments

• Prize pool: 500 $WAM — symbolic
• Free entrance
• Max players: 2,500

🥚 Others:

• Free levels: all users have the chance to play any tournament at any level
• Joined tournaments will be visible in the tournaments list from the Dashboard, besides in the “My active tournaments” section
• “My active tournaments” section will display extra info of tournaments like number of players and prize pool
• The most filled tournaments will have priority at visibility than the less filled ones, and once a tournament goes full it will disappear from the Dashboard

🥚 Please note that these updates will roll out throughout the coming days, and new tournaments will appear as the old ones end. This rollout procedure allows for a more gradual and controlled implementation, in order to identify any potential issue and address it in a timely manner.

Impact on the $WAM token economy

• The new WAM economy is designed to offer higher competitive incentives, thereby increasing the purchasing power of users within the app
• The amount to be burned will undergo a significant boost, further improving the token’s deflationary mechanism
• The TVL (Total Value Locked) within the app is expected to increase significantly, reflecting the impact of the new economic model
• Our existing user base of over 600,000 will be able to enjoy many more benefits as a result of the latest changes
• Starting today, the app will no longer generate any inflation, leading to a more stable economic environment

About WAM

WAM is the ultimate social gaming app where you can compete against real people worldwide in competitive tournaments to earn NFTs, crypto, status, and collectibles backed by blockchain tech.