Dual Token System
The tokenomics of is empowered by a dual token flow system.
Tokenomics - Bounty Temple Token ($TYT)
Name: Bounty Temple Token
Symbol: TYT
Supply: 48,000,000
Blockchain: Polygon
Standard: ERC-20
Decimals: 18
The governance token is the first pillar of the Bounty Temple platform and will represent the overall value of the project. Apart from having utility within the game, it will give users certain control over how the whole platform functions, including voting on major changes to the ecosystem.
The liquidity and tradability of the governance token will depend solely on the market and will be available for open trade both within the game and public crypto exchanges, and will be of fixed supply. Users can trade and provide liquidity on DEXs and earn income outside of the platform as well.
The entire ecosystem works on the Polygon Blockchain, which is a Layer 2 scalability protocol for Ethereum. The governance token will also be on the same blockchain. We decided to go with a layer 2 rather than Solana because of the ease of use and technological support that is easily available in the EVM community. Users are not required to use any specialized software to access the Bounty Master platform, they can easily use their existing Metamask, Trust Wallet, SafePal, or any wallet that supports the polygon network to access the game through the web application.
Utility
Governance
One of the major pain points of current GameFi platforms is that although the users have ownership of certain assets in the game, they do not have any sort of control over where the game will go in the future.
Bounty Temple looks to solve this problem by giving users direct control and authority over what happens inside the game. While the ownership of the token does not guarantee a user the ownership of the entire game, they are looped into the decision-making process through regular votes. All major changes to the platform will go through the voting system and users have a direct say in where a change must be amended or rejected.
Slot Machine Crafting
Possessors of the Genesis BTMs can “craft” new BTMs to continue playing the game. Since each slot machine has a cap on how many times it can be used, a player has to craft new BTMs if they want to continue to play and earn. One of the requirements for crafting a BTM is that the player has to use their TYT tokens as crafting material.
Staking
Bounty Temple is all about providing unique opportunities to its players through various channels. Stability and growth are a big part of a platform’s native token. In the past, GameFi platforms have largely failed to maintain the stability and growth of their tokens as the platform scales up and experiences higher volumes.
To maintain this stability, it is imperative that the users are encouraged to use the token within the platform and that they are incentivized for holding it in the long term. TYT tokens are limited in supply and, therefore, scarce. Users can claim additional rewards through the Bounty Temple Fixed Staking system, where they will deposit their tokens over a period of time in locked staking, and earn a substantial yield.
The staking terms are Fixed at 3 Months, 6 Months, and 1 Year where early unstaking is not allowed and users can only claim their reward once the tenure of the deposit expires. The staking platform will have diminishing APYs, meaning that the yield generated for each user will reduce over time. Users can keep their APYs up by buying and depositing new TYT tokens or by referring other users to the platform.
Tokenomics - Energia ($GIA)
Name: Energia
Symbol: GIA
Supply: ∞
Blockchain: Polygon
Standard: ERC-20
Decimals: 18
The GIA token, being the second pillar of the Bounty Temple platform, has an unlimited supply and can be minted inside the game. Players get rewards in the form of the GIA token and can only earn them through in-game activities.
The major purpose of the GIA token is pricification and allows the players to monetize their gaming skills to earn an asset that has real value. Since the token is of unlimited supply, the rewards can always function. However, with unlimited supply tokens, inflation is always a concern. But since the GIA token only functions and trades within the Bounty Temple platform, the system controls its circulation and supply through something called the weather effect.
Utility
Rewards
The major purpose of the GIA token is to facilitate the reward/earning system of the Bounty Temple platform. Players can earn/mint GIA tokens only through in-game activities and can then exchange the tokens for other currencies right inside the platform.
Additionally, players can make various in-game purchases using the GIA token. The token will be the currency of choice inside the native NFT marketplace where users can buy, sell, and rent various in-game items such as tools, skins, collectibles, etc.
Mini-Games & Events
The Bounty Temple platform has various mini-games and events that players can participate in alongside the regular slot machine games. The players can participate in these games only by purchasing the entry using GIA tokens.
Slot Machine Crafting
Crafting is another big utility of the GIA token, right alongside the governance token TYT. Players need at least 2 BTMs + GIA & TYT to craft new BTMs if they want to keep playing the game.
Academy
Bounty Temple is more than just gaming ecosystem, it is a complete community platform. Going forward, users will be able to offer their tutoring services on the Academy module. However, the academy is not limited to gaming. We're a progressive project that believes in collaboration. This means that users can host courses related to any sector in the Academy.
Charity
The GIA tokenomics is designed in a way that a portion of the gaming transactions is allocated to charities around the world.
E-Shop
GIA tokens are used for pricification inside the Bounty Temple ecosystem and can be used to buy various merchandise inside the E-Shop.
Purchase of Consumable Items
GIA Allocations: 40% Burn, 40% to community Prize Pool, 20% to Developers.
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