Utility token halving
if you are reading correctly, Peaky World is the first play-to-earn game to implement a unique economic system based on halving and mining.
You might have heard the word Halving in relation to Bitcoin, right? Well, now you'll also hear about it in Peaky World. The utility token has a supply of 21,000,000 tokens. The supply is not available from the first day, which means it will need to be mined for there to be tokens in the reward pool, allowing players to obtain their tokens.
Who mines the utility tokens?
-The 10,000 land owners are the ones who mine the token, 95% of the token they mine goes to the reward pool, and the remaining 5% is distributed among them.
How often does the halving occur?
-The Halving occurs every 6 months, which means that, in each of these periods, the lands mining the utility token will reduce their output to 10% of the remaining tokens to be mined. Thus, as the number of tokens in circulation decreases, the economic outlook for the token improves, since this reduction in supply can positively influence its value.
Here you can see the table of how the mining and halving of the token will be.
Total supply 21.000.000
Mining
2.100.000
1.890.000
1.701.000
1.530.900
1.377.810
1.240.029
1.116.026
1.004.423
903.981
813.583
732.225
659.002
593.102
533.792
480.413
432.371
389.134
It remains to be mined
18.900.000
17.010.000
15.309.000
13.778.100
12.400.290
11.160.261
10.044.235
9.039.811
8.135.830
7.322.247
6.590.023
5.931.020
5.337.918
4.804.126
4.323.714
3.891.342
3.502.208
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