TOKENOMICS FLOW
Welcome back rebels! Today we’re going to try to explain how tokenomics flows work even to those who don’t know much about metaverse and cryptocurrencies.
First of all, tokens are in short cryptovalutes, basically money. HIREX: Chronicles will use three different kinds:
- MATIC: Polygon
- BYTZ: in game token
- HIREX governance token
Since HIREX: Chronicles is built in the polygon blockchain, MATIC will be the gateway to access HIREX governance tokens.
HIREX Governance tokens will give you the possibility to enter in the HIREX: Chronicles ecosystem.
Lastly BYTZ will be our in-game currency, here(https://whitepaper.hirex-game.io/tokenomics/bytz) we explain shortly its functions
HIREX: Chronicles will have an ecosystem where all these tokens will interact and work together in what we call tokenomics flow.
At game launch, it will be possible to interact with the ecosystem through HIREX/MATIC pool’s and HIREX: Chronicles marketplace, with HIREX governance tokens.
Having HIREX governance token allows for revenue and benefit from all perks explained in “Governance token: $HIREX” (https://hirex-game.medium.com/governance-token-hirex-5db28d0d974d) or trade them for BYTZ!
Conversion value(BYTZ/HIREX governance token) will depend on the market’s request, BYTZ value will be fixed, but the HIREX governance token value will change as the game grows.
Inside the game, every mission, dungeon, or enemy will have a chance to drop both NFTs(weapons, armors, and items) and BYTZ, the way to earn tokens built within the game!
Now that we’ve explained how tokens work inside HIREX: Chronicles, we can distinguish two ways to work with it, either as player or non-player.
Players will take an active part in the playable side of this game: explore, farm, level up and complete missions acquiring value through drops.
NON PLAYER
Non players will be those people only interested in HIREX: Chronicles’s ecosystem, this can be achieved with HIREX governance tokens. Furthermore, even non players will have access to the marketplace and NFTs, buy/sell/trade and act just like a merchant would do.
Last of all, even lands and planets in HIREX:Chronicles’s galaxy can be purchased, owning your personal space will ensure you part of the income when players find drops in your property.
So there are many potential ways you can build your revenue inside this game, which one you prefer only depends on you.
Hope this article was useful and we’ll see you soon with the next article!
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