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UTC
  • Ultimate Trading Competition
  • Game
    • ⚡Introducing UTC
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      • 👩‍🏫Points and Values: Core Elements of the UTC Ecosystem
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  • UTC Token - $UTC
    • Token Generation Strategy
    • Use Cases
      • Use $UTC in-game to get Discounts
      • Stake $UTC to participate in Governance and receive rewards
      • Get Access to Special Events and Tournaments
      • Purchase and Rent out Trading Rooms through NFTs
    • Allocation
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        • UTCx - Placeholder Token
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  • Virtual $UTC - $VUTC
    • Token Overview
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  1. UTC Token - $UTC
  2. Use Cases

Purchase and Rent out Trading Rooms through NFTs

PreviousGet Access to Special Events and TournamentsNextAllocation

In this use case, purchasing NFTs representing trading rooms is not just an investment in digital real estate within the game's ecosystem; it's the primary method for engaging with and profiting from the special tournaments hosted on the platform. NFT holders are required to stake their NFTs in a Vault smart contract to activate their trading rooms for tournament use. This staking action is the mechanism through which tournaments are hosted in the rooms represented by the NFTs. Through this process, NFT holders generate passive income from the fees collected from these tournaments.

Use Case Overview

  1. NFT Acquisition: Users purchase NFTs representing trading rooms using UTC tokens.

  2. Mandatory Staking: To activate the trading room for tournament hosting, NFT holders must stake their NFTs in a Vault smart contract.

  3. Tournament Hosting: Once staked, the trading rooms become active venues for hosting special tournaments.

  4. Passive Income Generation: Fees collected from tournament participation are distributed, with a portion going to the NFT holder as passive income.

  5. Revenue Distribution and Token Burn: The platform distributes the remaining income, allocating a portion to burn UTC tokens, thereby supporting the token's value.

This staking-driven model ensures active participation from NFT holders in the game's competitive scene, directly linking the success of tournaments to the financial rewards of NFT ownership.