🪙$PLAYS

The ecosystem operates on the $PLAYS utility token and $GEMS stablecoin, which serve as the primary medium of exchange within the DAPPs and the native tokens for the Plays Blockchain. In this section, We will describe how each class of users will interact with the $PLAYS utility token, $GEMS stablecoin, and the ecosystem generally.

Players

Players can use the tokens to purchase in-game assets, unlock features, participate in various activities, and earn rewards.

🤑 Earn Rewards: Players earn $PLAYS and $GEMS tokens as rewards for participating in gameplay (play to earn), completing tasks, achieving milestones, opening lootboxes, and contributing to the ecosystem's growth. These rewards incentivize active engagement and skillful gameplay.

🏭 Economy: The $GEMS token facilitates an economy where players can buy, sell, and trade gaming digital assets, including virtual items, characters, NFTs, and later land.

🗳️ Community Governance: PlayersNFT holders participate in community governance, where they can vote on launchpad projects, and propose changes to the ecosystem, including protocol upgrades, feature enhancements, and allocation of ecosystem funds.

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Developers

Developers can receive grants, receive a play-to-earn developer reward chest, stake-for-gas on the Plays Blockchain, integrate $PLAYS and $GEMS into their projects, and receive technical support.

💸 Developer Grants: Grants can be applied to create gaming experiences and products on the Plays Blockchain. The community will be able to evaluate and vote on which applicants a grant should be allocated.

🪙 In-Game Currency: The $PLAYS utility token and $GEMS stablecoin can serve as the primary currency within the games our community developers create. Players use these tokens to purchase in-game items, such as weapons, skins, accessories, or upgrades, enhancing their gameplay experience.

💱 Marketplace Fees: A portion of the fees generated from transactions on the PlaysRare NFT Marketplace is collected as revenue. These fees may be used for various purposes, including platform development, marketing, and community incentives.

💵 Staking for Gas Fees: Developers have the option to stake their $PLAYS tokens to get gas fee recompense to run smart contracts gasless for their Dapps/Games on the Plays Blockchain. By staking, they receive gas fees to run their games in a blazing-fast blockchain thus making the player experience completely gas-free.

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Investors

We believe investors are just as important to the successful growth of our ecosystem. Investors can provide liquidity, earn staking rewards, fund developer grants, run nodes, and vote on proposals.

💰 Liquidity Provider: Having a healthy Liquidity Pool is essential for any project. Investors who provide liquidity on Decentralized Exchanges will be able to earn additional rewards in addition to the LP fees.

📈 Staking: Players have the option to stake their $PLAYS tokens in the ecosystem. By staking, they can earn $GEMS emissions, which in turn can be used to make purchases in any games or services within the ecosystem or simply sold on the open market later.

🔥 Token Burning: To manage token supply and increase scarcity, a portion of transaction fees or ecosystem revenue may be allocated to token-burning mechanisms. Token burning reduces circulating supply over time, potentially increasing token value for holders.

🏦 Fund grants: Investors can bootstrap projects on the Plays Blockchain by voting to grant funds to promising ecosystem developers.

🗳️ Voting/Governance: The PlayersNFT collection will act as the voting layer for the ecosystem. Investors who wish to make their voices heard can do so.