Unlocking the Potential: Guide to the Tokenized Game Economy in Immersys and the Five Tokens that Power it
In Immersys, a 3D MMORG on the WAX Blockchain, players can collect and use NFTs (non-fungible tokens) to craft new items and unlock new features in the game. NFTs provide players with ownership and control over their in-game assets, and their value is based on their utility within the game. However, as NFTs can be difficult to transact with, the game also offers Tokenized NFTs which are 1 NFT to 1 token equivalent. Tokenized NFTs allow for easy trading and exchange.
FATE is another token in Immersys that can be used to purchase items in the game’s shop and craft system. FATE can only be earned by burning items, staking crafted NFTs, or adding WAX/FATE to the liquidity pool on Alcor.exchange. The value of FATE is determined by its utility and purchasing power within the game. To allow for even easier trading, Immersys also has FATEWAX, a liquidity pool token created by pairing FATE and WAX. This token allows for easy swapping between the two tokens and is rewarded for providing liquidity to the market.
In addition, Immersys also has the Item Exchange which is a decentralized exchange (DEX) that allows players to buy, trade, and sell Tokenized NFTs items. However, low liquidity can lead to high price impacts on high-value items. To solve this, Immersys created IREWARD, a token that players can buy with other tokens on the DEX. By buying IREWARD, players increase the liquidity on the DEX and improve the overall gaming experience for all players by reducing price impact on item trades. IREWARD is a competitive token to obtain and has a fixed max supply, it is deflationary through buy-back-burns using DEX fees, and will receive future reward which help increase liquidity and the token’s value over time.
