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$Smithy Gold Coins ($SGC)



Overview​

$Smithy Gold Coins ($SGC), utilizing the ERC-20 token standard, will serve as the primary currency within the world of Smithonia. This enhances the interactive environment and ensures interoperability with the broader blockchain ecosystem. It also facilitates a secure and dynamic in-game economy that can be explored and expanded in a variety of ways.

Where to use Tokens

  • Marketplace Transactions: Players can use $SGC to buy and sell equipment, resources, collectibles, NFTs, and other virtual goods in the game’s marketplace, creating a vibrant player-driven economy.
  • NPC Interactions: tems essential for gameplay, like potions and special gear, can be purchased from NPCs using $SGC, enriching the narrative and gameplay.
  • Yield Farming: The smithy bank (Smithonia’s DEX) enables players to stake $Smithy Gold Coins ($SGC), earning rewards and introducing financial strategies into gameplay.

Acquisition of Tokens​

Players can earn $Smithy Gold Coins in a multitude of engaging and adventurous ways across the Smithonia universe. From the Retrieved Lands and the depths of Hollow Mountain to the Leaderboard of The Training Grounds, $SGC can be earned, scavenged, and awarded anywhere in the world.

  • MOBA Rewards: Performance in Multiplayer Online Battle Arena matches within The Training Grounds rewards players with $SGC as they test their skills against others.

  • Battle Pass Progression: $SGC is part of the loot earned by advancing through the Battle Pass, rewarding players’ skill, commitment, and determination.

  • Daily Rewards: The Well of Coins provides daily $SGC, encouraging consistent engagement and rewarding active players.

  • Commerce Players can sell resources, collectibles, and other items in the store, providing a powerful potential revenue of $SGC.

  • Loot Boxes: $SGC, resources, and other rare items can be found by opening Loot Boxes, introducing exciting and randomized rewards to the world.

  • Staking Quests and Puzzles: $SGC can be earned through participating in the quests and events that progress the game’s narrative and further the players’ advancement in Smithonia.

Reward Distribution Mechanics​

  • Initial Liquidity Pool: During the initial mint of $SGC, a large portion of the currency will be directed into a liquidity pool. This supply will be earmarked for future MOBA player rewards.

  • Monthly Reward Allocation: Every month, 1/10th of the earmarked liquidity pool will be distributed as rewards amongst players. The reward rate will be calculated based on active players and leaderboard standing, promoting competition, and continuous game engagement.

  • **MOBA players will be rewarded from the monthly allocation fund based on their leaderboard standing, rank, and win rate. Higher-ranking players will earn more, rewarding skill and dedication to the world of Smithonia.

  • Winning Conditions: Finally, $SGC is rewarded for winning MOBA matches in The Training Grounds. Not only does this encourage a competitive spirit, but it rewards all players equally for winning, no matter their leader-board standing: rewarding them for their success.