🪙Tokenomics
Last updated
Last updated
Cozy World Coin or CWC, in short, is a utility token that powers the Play-to-Earn (P2E) in the Cozy World Metaverse game universe.
The $CWC token is endemically inflationary, and can only be minted organically in the game, but the project team will proactively step in to exercise monetary policies to stabilize the price actions through carefully adjusting sinks & faucets in the economy.
We anticipate that the CWC token to be a stable currency underpinned by attractive in-game utilities that is stable and non-speculative to ensure decent earnings for those who want to earn.
Its primary utility case, among potentially many others, will be as a fundamental resource needed to breed and hatch a Dodo's egg, upgrade Dodo's lair, stake to train / upgrade Dodo, and unlock access to various mini-games.
#BNBCHAIN #ETHCHAIN: By supporting both BNBCHAIN (BSC) on the Binance Smart Chain and ETHCHAIN on Ethereum, Cozy World Metaverse has expanded its accessibility and reach to a broader audience. Users can choose the blockchain that aligns with their preferences and enjoy the game’s features with ease.
$CWC is a digital token that you can earn while playing Cozy World Metaverse, and it can be used to access valuable in-game utilities. Here are some key points to know about $CWC:
Utility: CWC offers users various in-game utilities that are valuable and attractive.
Mobility: CWC is a blockchain-based tradable token that you can store in your wallet
Scarcity: CWC will NOT be sold in the game, and can only be earned via content, event, and quests in the Cozy World Metaverse game. Additionally, the company or foundation will NOT provide additional liquidity.
Sustainability: the issuance logic will be made public transparently, but the logic may be subject to adjustment depending on changes in game-economic conditions and potential council (DAO) decisions.
The utility token's network externality may potentially be created as the Cozy World Metaverse franchise expands with growing users and communities. But they will be neither developed nor managed by the game developer.
Additionally, various strict anti-bot efforts will be enforced to protect the integrity and equity of the game participants aiming to earn the token.
There are two major components of the new governance system:
The Cozy World Metaverse Council will consist of nominees who are voted in by the $CWC token holders, enabling the influence of community representatives who are able to debate and distill technical changes while also not directly providing large $CWC holders a disproportionate voting weight in the outcome of proposals.
Cozy World Metaverse (changes in the protocol via ICCPs and IIPs) which are submitted to the IIP’s Github repository and will be posted on the Cozy World Metaverse Proposal space. Proposals must reach a supermajority agreement to be enacted.
