Legends of Elysium Token Treasury Demystifying the ‘Legends of Elysium’ Token Treasury
Greetings, game enthusiasts! Today, let’s delve into the intriguing world of ‘Legends of Elysium’ (LoE), an online card game that has captured the hearts of many players across the globe. The buzzword on everyone’s lips right now is the ‘Legends of Elysium Token Treasury.’ If you’re scratching your head wondering what it all means, stick around because I’m here to break it down.
In ‘Legends of Elysium,’ you can earn money just by playing the game. I know, it sounds too good to be true, but stick with me. This feature is known as ‘play and earn,’ allowing players to reward their game time with real-world gains. For every treasure you find, enemy you defeat, or quest you complete, you will earn £LoE tokens, the virtual currency of the world of Elysium.
Now, you’re probably wondering what the benefits of having these tokens are. In a nutshell, you can use them within the game to boost the abilities of your hero or trade them externally for other assets on various exchanges. Ambitious players who successfully complete daily and weekly quests, top the weekly league competition, win tournaments among other exploits, are liable to acquire such tokens.
The token treasury of LoE initially held about 30% of all the £LoE tokens ever created. But far from being released all at once, these tokens are gradually unlocked for players to earn over their gaming lifespan. Thus, the quantity of tokens you earn depends on several factors, such as quest completion, eSport tournament wins, or owning a game Board.
Confused about game Boards? Let’s simplify. Owning a level 1 or 2 game Board also generates tokens. These Boards, along with other in-game purchases like swords for your hero or entry fees to different battlefields, stimulate growth in the treasury pool via a beautifully designed delayed gratification system. It essentially means that a percentage of tokens used for in-game purchases revert to the treasury, thus developing an ecosystem that self-sustains in the long run.
To help you understand this further, consider an example where the treasury gains 100,000 tokens daily. Of these, 30,000 tokens are rewarded to hero-leveling players, 20,000 tokens go to Board owners, 15,000 tokens serve the NFT stake, and another set of 15,000 tokens develop a weekly prize allotment. The remainder caters to a monthly tournament prize pool and a treasury reserve fund.
Intriguingly, there’s a separate pool where 1% of all game transaction tokens are redirected before reaching the treasury. Controlled by democratic vote among the game’s participants, these tokens could be ‘burned’ to induce a deflation process in £LoE circulation. This side pool gets filled by a 1% cut from all token transactions in-game, including Board and Pack purchases, Card production, Tournament tickets, and Adventure purchases.
Feeling enlightened about the ‘Legends of Elysium Token Treasury’ yet? This self-sustaining ecosystem model is definitely a cutting-edge way to ensure the gaming community grows and thrives cohesively. Until next time, keep wielding your swords and accumulating those £LoE tokens!