$KING
Last updated
Last updated
The Kingdom’s on-chain utility token, $KING, is an integral part of the circular economy that connects its ecosystem. With a wide range of in-game and ecosystem-wide utility, $KING is designed to capture the benefits of having a tokenized game economy in a sustainable and scalable fashion.
As Tales of Aesor and WarFronts are still under development, the exact details of $KING's utility will continue to evolve. However, each system of the games is being designed with the sustainability and scalability of the broader ecosystem in mind.
Here is a glimpse at the planned utility for $KING:
Governance: $KING holders can vote on decisions within the ecosystem, such as the outcome of in-world/in-game events on Aesor or the direction The Kingdom's team takes with a particular product or part of the game. Tying $KING directly into the story and narrative direction of Aesor The Kingdom unlocks a new dimension of storytelling potential.
In-Game Benefits: $KING can be used for in-game experience-enhancing purchases such as cosmetics or non-game-breaking boosts. It is important to note that these advantages are unnecessary to enjoy or progress through any of our gameplay systems and will not unfairly affect any PvP elements.
Gear: $KING will be needed for crafting and gear-related activities such as minting gear on-chain. Tying the token into gear—one of the most integral parts of the game and economy—creates a constant demand for $KING among players.
Ecosystem Rewards: $KING will be used to foster an engaging atmosphere for players within The Kingdom's ecosystem. These rewards include benefits to holders, such as the Avatar airdrop, and seasonal incentives for community growth and competitions.
Total Supply: 1,000,000,000 (1 billion)
30% of The Kingdom's tokens will be gradually granted to participants in The Kingdom's ecosystem, including the Avatar token airdrop, NFT land emissions in WarFronts, and community-wide events and competitions.
10% of The Kingdom's tokens will be reserved for liquidity to help maintain the health of the project and token.
The Kingdom wouldn't be possible without the help of core contributors, from developers to artists to writers and designers, to gamers and content creators, so 27.5% of the token supply will be granted to them. Of this allocation, 20% is given to the core team and 7.5% to strategic advisors.
Treasury and market makers make up 14.5% of the total supply of $KING.
The Kingdom has set aside 18% of its tokens for token-related fundraising rounds.
Gen 0 Avatar holders are the roots of The Kingdom's community, and their support has made and continues to make The Kingdom possible. To thank them, a percentage of the $KING token will be airdropped per Avatar to all Gen 0 holders at TGE.
Stay tuned for further news about the exact amount Gen 0 will be airdropped and for information about future generations.
In the months leading up to TGE, there will be a sub-section of our regular Community Rewards Quest Series where users can win token allocations in addition to the normal Series Rewards.
Stay tuned for more information about when these unique token leaderboards will start!
