Token Overview
Overveiw of Tokenomics for Arcade Colony
COLONY Token
The Arcade Colony Governance Token, known as COLONY, will serve as the staking, reward, and governance token within the Arcade Colony Governance (ACG) ecosystem. All games that are listed on the Arcade Colony directory will need to accept COLONY tokens as a form of payment.
COLONY Utility
The COLONY token will have several primary uses within the Arcade Colony ecosystem:
Distribution as rewards in games
Earning staking rewards
Maximizing game rewards
Reducing network fees
Upgrading various player owned aspects of the game
Participating in platform governance
Minting new SCRIPT tokens (designed to stay worth approximately $1) through burning of COLONY – more about SCRIPT in the following section
SCRIPT Token
The SCRIPT token will be pegged to product in Arcade Colony and be acquired by burning COLONY tokens for a set amount of SCRIPT tokens based on market conditions. 1 SCRIPT token will be accepted as $1 USD of product in the Arcade Colony ecosystem.
SCRIPT Utility
The SCRIPT token will have several primary uses within the AC ecosystem:
Buy and sell assets from in-game shops
Buy, sell, and rent NFTs on the Arcade Colony Marketplace
Use cases will be built into each game
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