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PPP - ERC20 - Deflationary
The main currency of the PlayPoseidon game is PPP (Play Poseidon Pearl). This token is a Deflationary token follow ERC-20/BEP-20 standard with the total supply is capped at 100,000,000 token.
Deflationary: Deflationary tokens are tokens fashioned to reduce in supply over time. This is due to a burn mechanism is executed when ever a transaction happen. This mechanism improving the value of the token over time.
ERC-20: This is a standard for Fungible Tokens represent on Ethereum compatible blockchain (ex: ETH, BSC, Polygon,..)
Initial Unlocked Supply after IDO: 3,145,000 PPP (3.145%) Initial Market Cap: 3145000 x 0.068 = $213860 USD
0.125% (Seed Sale) + 1.56% (Private Sale) + 0.66% (IDO Public Sale) + 0.6% (FairLaunch) + 0.2% (AirDrop) = 3.145%
PPP Distribution Schedule
PPP Token is a Deflationary token, it has a transaction fee of 5% whenever a transfer is made between holders' addresses. With a whitelist exception below:
- 1.Transfer from/to Game Contract address (In-Game Treasury):
- Purchase NFT Hero, NFT Pet, NFT Items In-Game
- Claim reward from In-Game Treasury to player wallet
- Used for In-Game features: Upgrade Hero, etc…
- 2.Transfer from/to All Vesting-Wallets (Time-Lock contract) such as:
- Team Vesting-Wallet
- Investor Vesting-Wallet
- Game Treasury Vesting-Wallet
- Marketing Fund Vesting-Wallet
- Liquidity Pool Vesting-Wallet
- Staking & Farming Vesting-Wallet
- 3.Transfer from/to Staking Contract, Farming Contract of Partner such as:
- Pancake Swap Staking
- Autofarm Finance
- Alpaca Finance
Out of 5% in the Transaction fee, 3% will be burned. And the remaining 2% will be transferred to the Game contract address (In-Game Treasury). This is to support people whom actually playing the game and prevent token price from being manipulated.
And when the total supply of PPP becomes less than or equal 50,000,000 (50% of capped supply) all 5% fee will be transferred to In-Game Treasury.