Paydirt Gold
Tokenomics page is out of date and reflects an earlier plan and roadmap. We are creating new tokenomics that reflect our current Roadmap. We will be crowdfunding and launching the Paydirt token (Ticker: $PAYD) on PSYOP Launchpad. We'll update this page soon with the new tokenomics.
About
Paydirt Gold is the token which powers the economy of the Paydirt game series.
Key Metrics
Token Standard: ERC-20 Ticker Symbol: GOLD Initial Supply: 20 million (see Historical Data) Supply Type: Variable (see Growth & Sustainability)
Utility
Paydirt Gold is both a store of value and a medium of exchange in Paydirt. It is required to mint and infused within Gold Coins and Gold Bars which function as Virtual Currency that can be used to purchase goods and services as well as high-value in-game property.
In Paydirt, one (1) whole Paydirt Gold token represents one (1) troy ounce of pure gold. The in-game value of one (1) Paydirt Gold is fixed at $20.67 Paydirt Dollars. See In-game Value for more details.
Allocations
Overview
Initial
The initial allocations will be used to jumpstart the project and fund ongoing operations for the foreseeable future.
Initial Liquidity
400,000
2%
Company & Team
5,000,000
25%
Treasury & Ecosystem Fund
2,600,000
13%
Advisory & Partnerships
2,000,000
10%
In-game Rewards
10,000,000
50%
Ongoing
Ongoing allocations take effect after the token generation event (TGE). All token revenues will be split according to the following allocations:
Liquidity
5%
Company & Team
25%
Treasury & Ecosystem
15%
In-game Rewards
50%
The Paydirt Decentralized Autonomous Organization (DAO) may also propose and vote to alter the ongoing allocations.
Initial Liquidity
The amount allocated to initial liquidity will be used to deploy a liquidity pool on a Decentralized Exchange (DEX) to create the initial liquidity for the token.
Company & Team
Tokens allocated to company & team are used to secure the best talent and fund ongoing operations to develop the project. Moongate Games is the owner of the Paydirt IP and the company bootstrapping and actively developing the project, but additional studios or individuals may also get involved through partnerships or Paydirt Decentralized Autonomous Organization (DAO) initiatives.
Treasury & Ecosystem Fund
The treasury and ecosystem fund will be under the control of the Paydirt Decentralized Autonomous Organization (DAO). It is intended to be used for initiatives that benefit the project and community.
Advisory & Partnerships
The amount allocated to advisory & partnerships will be used to formulate partnerships with external entities or individuals to further the goals of the project.
In-game Rewards
In-game rewards are backed by and convertible into Paydirt Gold token by minting or melting.
Unlock Schedule
Initial Liquidity tokens unlock immediately after the token generation event (TGE).
Company & Team tokens from the initial allocation vest over a period of 4 years.
Treasury & Ecosystem Fund tokens vest over a period of 4 years.
Advisory & Partnership tokens vest over a period of 4 years.
In-game Rewards tokens are locked in land and must be earned through gameplay such as mining.
Presale
Public Sale
Historical Data
The United States produced 307 million ounces of gold from 1799 through 1965, over 1/3rd of which came from California.
During the heyday of the California Gold Rush, which is generally considered to have lasted from 1848 to 1855, California produced about 20 million ounces of gold.
Growth & Sustainability
To match the vision of Paydirt becoming a long-lived episodic game series, its economic system is designed to be sustainable for an indefinite period of time. As everyone who plays multiplayer games knows, the player base of any one game will naturally ebb and flow over the course of the game's life. This fluctuation is due to a variety of factors, and the development team can do its best to influence the underlying causes over time, but it is not entirely in their hands, and it is not possible to predict years in advance. This unpredictable element is usually the biggest factor influencing a game's economy and its overall success. Rather than try to pre-plan the token economics for the entire lifetime of Paydirt, which is folly, we decided to design a dynamic and responsive economic system which is able to adapt to changing circumstances. Thus, we adopted a variable token supply. That is to say, the token supply can grow or shrink over time. How it works is quite simple and intuitive. Creation of new gold tokens is tied to the creation of land. The creation of new land is tied to analytics tracking a variety of metrics including the size and growth of the userbase and the market price of the token. All newly minted tokens are essentially locked in the land and must be mined and then minted to be released into circulation. The system seeks to maintain a healthy target ratio of acres to users, and gold to acres, both of which can be adjusted as the game and community evolve over time. The system is automated through the use of a smart contract and oracle. The smart contract is configurable with settings to adjust its behavior. Management and oversight will be in the hands of Moongate Games initially but will transition to the Paydirt DAO as soon as practically possible. Tokens may also be burned to reduce supply, if needed, though this is a manual process any holder of the token may engage in.
In-game Value
One (1) Paydirt Gold is worth $20.67 Paydirt Dollars in-game. The price of goods and services may fluctuate but the value of gold in Paydirt Dollars will remain fixed.
The Coinage Act of 1834 established the U.S. statutory price of gold at $20.67 per troy ounce and it remained at that price until 1933.
While the value of gold was set by law historically in order to facilitate its use as currency, the prices for goods and services fluctuated due to supply and demand.
Token Generation Event (TGE)
The Paydirt Gold Token Generation Event (TGE) is planned for the first half of 2023. It will follow the release of Paydirt Pioneers NFT collection and will coincide with the the pre-alpha of Paydirt: The Discovery.
Blockchain Network
Tokens will be generated on the Ethereum network but will be bridgeable to Polygon and vice-versa to take advantage of lower gas fees.
Decentralized Exchange (DEX)
Following the release of Paydirt Pioneers, the Initial Liquidity fund will be deployed along with a sizable amount of USDC into a liquidity pool on Uniswap to create the initial liquidity and a market maker for the token. The initial price is TBD. A portion of the Advisory & Partnerships fund may be used to engage the services of a launchpad to support an Initial DEX Offering (IDO).
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