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UTC
  • Ultimate Trading Competition
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    • ⚡Introducing UTC
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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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      • Pre-minting
        • UTCx - Placeholder Token
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  • Virtual $UTC - $VUTC
    • Token Overview
    • Use Cases
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  1. UTC Token - $UTC
  2. Use Cases

Stake $UTC to participate in Governance and receive rewards

PreviousUse $UTC in-game to get DiscountsNextGet Access to Special Events and Tournaments

Last updated 6 months ago

Players can stake their $UTC tokens in a smart contract to receive rewards, effectively increasing their $UTC holdings over time. This staking mechanism incentivizes long-term investment in the game's economy and rewards players with additional tokens based on their participation in staking and voting on community-submitted proposals.

Staking Mechanism Overview:

  1. Decision to Stake: Players choose an amount of $UTC for staking.

  2. Lock in Smart Contract: The chosen $UTC is secured in a smart contract.

  3. Decision to vote: Players vote on community submissions and earn rewards

  4. Unlocking Rewards: Players can withdraw their original stake plus $UTC earned, benefiting from the growth facilitated by the staking process.

It's important to note that the inflation of $UTC is governed by the Token Allocation and Unlocking Schedule sections of the white paper. For detailed insights into how ecosystem rewards are allocated and how they influence the $UTC supply, refer to the data contained in the rows of the tables regarding ecosystem rewards. This ensures a transparent and predictable expansion of the $UTC supply, aligning with the game's long-term economic stability and growth.