Value Accrual Mechanisms
Token Burn Mechanisms
To sustain the value of LOOKA tokens and ensure long-term scarcity, several burn mechanisms will be implemented:
Breeding: A percentage of tokens used for breeding new Lookalikes will be permanently burned, reducing the overall supply and contributing to token scarcity.
Access Fees: Tokens spent to unlock gated content, such as special quests or PvP arenas, will also be burned, further decreasing the circulating supply.
NFT Fees: Fees from the resale of NFTs will be used to repurchase tokens from the market and burn them.
Staking
The Lookalikes offers a staking mechanism where players can lock their tokens in staking pools to earn rewards. Staking not only reduces the circulating supply but also provides participants with additional benefits, such as governance voting rights, access to exclusive events, and improved in-game experience for their Lookalikes.
Continuous Demand Drivers
To maintain a steady demand for LOOKA tokens, the game design incorporates several continuous demand drivers:
Breeding: As players seek to breed rare and powerful Lookalikes, the demand for tokens will remain high.
Premium Content: Access to exclusive in-game content and events will require tokens, driving ongoing token usage.
NFT transaction flow: Continuous trading of game assets will result in trading fees buying back a large amount of tokens from the market, which will then be burned
Earning Opportunities
The Lookalikes provide multiple avenues for players to earn tokens, enhancing the appeal of the game:
P2E: Players earn tokens by engaging in various in-game activities, like completing levels and achieving high scores.
PvE: Players are earning tokens through beating previously set challenges on available LvLs and maps.
PvP Battles: Players earn tokens through winning battles with other players.
Staking: Players lock tokens to earn tokens through staking rewards.
Seasonal Campaigns: Special events offer unique rewards, including rare items and tokens, to incentivize participation.
Community Engagement: Active community members can earn tokens through participation in governance, staking, and promotional events.
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