Ecosystem and Utility Tokens
Last updated
Last updated
Zombie Turtle Island will launch a token called zTURT, short for Zombie Turtle Token, as the main token of value for governance and shareholding for the platform and organization. This token will have a limited supply and will be extremely hard to earn as the games/development progresses.
It can be staked on the platform or sold to the liquidity provider. Eventually, we will list this on major Centralized Exchanges to drive more users and value to the ecosystem.
Staking the token, will give you a shareholder status. That being said, all income earned through sales transactions of the game, merchandises sold, and fees for minting NFT Heroes will funnel through to provide some very generous rewards for our shareholders. All Stakes will be locked for 30 days before it can be withdrawn.
Before launching the NFT Hero minting feature, we plan to reward our shareholders by airdropping Generation Zero Heroes with unique skills/abilities to 1000 lucky holders. These Heroes are Non Fungible Tokens that will have a store of value when the game launches. Every 5,000 zTURT that you own will add additional entries and give you a higher chance to own one of these Heroes. The Founder Wallets will be excluded.
When the team launches the game/metaverse, ztCOIN, short for Zombie Turtle Island Coin, will be the in-game currency. ztCOIN will power game play in the metaverse and will also act as the major contributing factor for Play-to-earn. The only way to earn ztCOIN is by playing the game.
An advantage that ztCOIN offers over zTURT is that it allows players to mint NFT items and resources, which can be listed and sold in the player-to-player Free Market Place for the chain's native token, ie ETH.
There will not be an official DEX pair for ztCOIN. Any pairs listed will likely be created by players or users and my not have sufficient liquidity, so trade with caution.
When the game launches, the game will only provide a swap tool called the zTURT Mint Protocol for players to swap their ztCOIN for zTURT, and vice-versa. The ratio will start at 1,000,000 ztCOIN to 1 zTURT, and will use the same formula as Uniswap.
Max Supply: 100,000,000 zTURT
Initial Supply At Launch: 50,000,000 zTURT
48.5% or 48,500,000 zTURT allocated for Liquidity pool on a DEX.
11% or 11,000,000 zTURT is allocated to the founders and development. 1,000,000 zTURT will be minted at initial launch to reward founders for providing funding and designing the project. 10,000,000 zTURT will be locked up until the game is ready. This portion can only be minted when players start earning.
5.5% or 5,500,000 zTURT is allocated for airdrops and marketing. 500,000 zTURT will minted at launch to provide initial marketing and airdrop incentives. 5,000,000 zTURT will be locked up until the game is ready. This portion can only be minted when players start earning.
35% or 35,000,000 zTURT is allocated for in-game play-to-earn. Players will earn ztCOIN first, then they can swap to mint zTURT.
At Game launch: the 35,000,000 zTURT that were locked up from in-game allocation along with 35,000,000,000,000 ztCOIN will be allocated to the zTURT Mint Protocol contract to provide liquidity for this swap feature. Although, it is considered a swapping mechanism, we will refer to it as, "minting," for sanity sake.
How zTURT Gets Minted:
zTURT can only be minted when players earn the in-game ztCOIN tokens and swaps it for zTURT on the zTURT Mint Protocol. This uses a swap contract that is similar to Uniswap but without fees.
For every 1 zTURT that is "minted" on the protocol, 0.10 zTURT is also minted from the founders' escrow to reward the founders, and another 0.05 zTURT will be minted to cover development and marketing. This portion will be minted from the market/airdrop escrow.
Utility:
Provides Governance and voting points for stakeholders to steer the direction of the game and project.
Activates stakeholder status by staking to earn platform revenue.
Can be converted to in-game curency ztCOIN at any point after game launches.
Max Supply: Unlimited
Initial Supply At Game Launch: Only 35,000,000,000,000 ztCOIN will be pre-minted and added to the zTURT Mint Protocol so that if users wish to swap their zTURT to ztCOIN they can do so.
How to attain ztCOIN:
Just simply play the game and you will earn ztCOIN at a fair and gradual pace.
You can also attain ztCOIN at launch when the zTURT Mint protocol is ready. The protocol allows you to swap from zTURT to ztCOIN .
The difficulty of earning ztCOIN will increase as circulation supply increases.
For every 1,000,000,000 ztCOIN in circulation supply, the difficulty increases by 10%. This excludes the initial value that was put into the zTURT Mint Protocol.
Utility:
In-game currency
Mint Items and resources
Upgrade and leveling up Heroes
Mints zTURT by swapping
