Ideaverse Games Studio
  • Ideaverse Games Studio
    • About Ideaverse Games Studio
    • Operation Philosophy
      • Community Driven
      • Financing Fairness
    • Concept and Balance
    • Behind the Scenes
  • DAO Community and Governance
    • Utilities of $IDVT
    • Supply and Distribution
    • Governance Mechanism
    • Community Development and Incentives
  • IDV Club Pass
    • Planning
    • Rights and Interests
  • Products Showcase
  • Metora Planet Metaverse Land
  • Horde of the Apocalypse
    • Brief of Tokenomics
    • Play and Earn
  • Fortune Heroes
    • Games Mode
    • Seasons and Leaderboards
    • Tokenomics
  • NFT Trade and Lease
  • Income
    • Details
  • Liquidity Mining
  • Innovative Integrated Revenue Model
  • Making Digital Assets Value-Backed
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  • $DIAM
  • $FEC (Fiery Ember Crystal)
  1. Horde of the Apocalypse

Brief of Tokenomics

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Last updated 2 years ago

Trio-cryptocurrency is employed. Not issuing for the issuing sakes, this trio model balanced the function in a meticulous fashion.

The is the top layer, it is a studio-wide governance token. For each GameFi project under Ideaverse Game Studio though, there will be at least two additional in-game cryptocurrencies, and for instance in HOTA:

Diamond ($DIAM)

Currency of circulation

Fiery Ember Crystal ($FEC)

Game rewards

$DIAM

Just like most conventional games, “diamond” of a sort is an in-game currency, sometimes being referred to “dias” by gamers, “diamond” very often is the direct result of top-up in games. $DIAM is the fancy version of “diamond” in HOTA.

$DIAM is a pure in-game currency, cryptocurrency.

It is not on the blockchain nor circulates outside the game, the price is always stable. The revenues from $DIAM have several uses. Buyback is a major part of it (please refer to here). Besides, OPEX, marketing expenses, R&D and profit sharing for stakeholders would take up the rest.

$FEC (Fiery Ember Crystal)

$FEC is a fungible token, acts as a reward in the game, in another word, the P2E cryptocurrency. Unlike $DIAM, $FEC does circulate, but investors won’t find it associated with any IXO, instead, it is only obtainable through in-game activities. $FEC is a play-reward token to its letter.

$FEC has a complete mining model and buyback mechanism, which ensures the balance between production and consumption. IDV will mint a maximum of one hundred million units of $FEC token on-demand, which is equivalent to 1.25% of the eight billion total $FEC quantity, and will list on the DEX as a cryptocurrency trading pair FEC/BNB, looking to provide liquidity.

$IDVT