Tokenomics
Utility and Asset Appreciation
The GACT token acts as the cornerstone of our gaming ecosystem. It serves as multiple roles from a medium of exchange to a store of value within the gaming and blockchain environments. It is designed to enable transactions, facilitate asset conversions, and reward players and investors within the Legendx platform.
Main Chain:
Ethereum Chain
Quantity:
1,000,000,000
Utility of GACT Token
Represents Effort:
The GACT token validates a player's hard work and investments (time, tools, in-game purchases) within a specific game. It offers tangible recognition for their dedication.
Conversion Facilitator:
GACT acts as the bridge for converting in-game assets (Web2) into a tradeable format (Web3). A transaction fee in GACT accompanies this process.
100% Value Backing:
A value pool ensures GACT tokens support the worth of in-game assets. Regardless of whether it is used as a pool to facilitate unlocking the value of in-game assets or as a form of rewards, all GACT tokens are backed by real value. This creates stability and trust within the ecosystem.
Revenue Streams
Transaction Fees: GACT tokens are used to pay for the conversion process of in-game assets, directly generating revenue that strengthens the ecosystem.
Reward Distribution: GACT tokens are earned by players through activities such as in-game purchases, referrals, or staking. This incentivizes participation and drives value back into the community.
EXAMPLE
A player earns 1000 in-game points. The game developer has set a value of $0.10 per point. The player converts these points to 1000 GACT tokens (with a transaction fee paid in GACT). They can now trade these GACT tokens or use them within other games in the ecosystem, unlocking their value beyond the original game.
How our tokenomics drives asset appreciation
PROFIT-FUELED BUYBACKS
Net profits are directly used to buy back and burn GACT tokens.
SCARCITY DRIVES VALUE
Reducing token supply creates scarcity, supporting GACT token price increases.
GROWTH = MORE BUYBACKS
Increased user base and game partnerships lead to greater token buybacks and burns.
ECOSYSTEM DEMAND
New games joining the ecosystem require GACT tokens to facilitate asset conversion, boosting demand.