Tokenomics

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

The $IDVT is the top layer and for details, please refer to the IDV white paper, 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 (literally) because it is not listed in any centralized or decentralized exchanges, so no demand or supply will affect it. The only time the price may actually be different is when it is on a discount. Despite being part of the reward system in the game, it is not a P2E token.

The major function of $DIAM includes:

• Gacha

• Upgrade character (Character Growth System)

• Upgrade buildings

• Purchase resources

• Purchase Gears

It is not hard to realize $DIAM alone has a complete in-game usage scenario, it exemplifies traditional gamers can totally immerse in HOTA without any involvement in the P2E model, yet such involvement has virtually no cost of adaptation.

The revenues from $DIAM have several uses. Buyback is a major part of it (please refer to IDV’s White Paper). 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.

$FEC usage

In contrast to $DIAM where it facilitated the most basic but also core functions of the game, $FEC on the other hand brought user experiences to the next level by not just game rewards, but also the netizen's nowadays most pursuable collectible - NFT.

Usage examples:

- Purchase NFT Blind Boxes

- Upgrade NFT

- Replenish NFT

- Rent NFT from other users

- Stake as application fees for certain in-game events

$FEC Mining Mechanism

As a reward token, the mining of $FEC is fulfilled by Play2Earn. The “Earn” part is obvious, and the “Play” part is through participating in different game modes and activities. Includes but is not limited to Daily Quests, PvE, GvG, resources exploiting and more.

NFT Stake Mining

Stake Mining yield $FEC to the miner. The actual ROI is to be confirmed after the DAO discussion and voting.

There are two principles for Stake Mining:

- The ROI is stable but always lower than P2E, as P2E required a much higher time devotion

- The higher the staked lump sum, the higher the ROI

- The payout of Stake Mining rewards comes from the $FEC incomes that allocated to the DAO

treasury.