The unknown cryptocurrencies are often left undiscovered for a long time by general investors while suffering from pre-mining and whale accumulation by the founding teams.

Utility tokens created by the web3 gaming communities are no different. GOLD ($GLD) aims to solve both problems through a fair launch.

What makes GOLD ($GLD)unique?

Simplicity - GOLD ($GLD)is based on the ERC20 token standard with a minimum amount of code. There are no, hidden doors, back door deals nor whale accounts.

Any Scavengers OG holder can earn GOLD ($GLD) by “Hibernating”.

There is a fixed cap on the supply (1 billion tokens).

GOLD ($GLD) is immutable, and can not be changed or stopped by anyone. With its open source code it is truly trustless through consensus and belongs to the community.

GOLD ($GLD)is neither a proof of stake or proof of work token, however it is a Proof of Participation (PoP) token. Whoever participates in Scavengers creation has full rights of ownership through self custody.

GOLD ($GLD) smart contract uses a fair system of new token distribution. All participants are subject to the same immutable rules secured by Blockchain.

Why will GOLD ($GLD) appreciate in value?

GOLD ($GLD) token’s value is pegged to the difference between world’s inflation vs built-in distribution of the tokens.

In short, the value of GOLD ($GLD) is linked to its difficulty to be generated, which is very similar to Bitcoin through proof of work.

Ultimately, the value is created by the market forces of all participating parties. As more market participants get involved in generating GOLD ($GLD), the total amount of generated GOLD ($GLD)drops (disinflation) and is distributed between participants making GOLD ($GLD) more scarce and valuable.

The only way to accrue more GOLD ($GLD) in the future, will be by extending the time one has to wait to receive the claim.

How do I get GOLD ($GLD)?

There are two way you can get GOLD ($GLD):

- 30 to 34 $GLD / Day per Scavenger that is in hibernation

- You can also trade $GLD with other players or web3 partners.

What can I spend GOLD ($GLD)on?

ScavengersWTF re-rolls
Play2 Own rewards
Auctions
Web3 Game Ad Network
AMM Fees
Scavengers Bodega

Will GOLD ($GLD)be listed on DEX?

Yes

Is there a limited supply of GOLD ($GLD)?

Yes, the total supply is fixed GOLD ($GLD) is 1 billion tokens. Scavengers devs or contract CANNOT mint /create anymore GOLD ($GLD) token.

Is there a Buy / Sell Tax?

There will be 0 buy or sell tax during pre-sale. Our goal is to get GOLD ($GLD) in as many users' hands as possible.

When public, there will be a 7% buy/sell tax until the GOLD ($GLD) holder count crosses 3250 wallets.

Liquid 4%
Holder reflection 1.5%
Marketing 1.5%

Then buy/sale tax will be reduced to 3.5% until GOLD ($GLD) holder count reach 10,000 wallets

Liquid 3%
Marketing 0.025%
Reflection 0.025%

When we reach 10,000 holders, the buy/sell tax will be reduced to 1%. This will be added as liquidity by the treasury to the uniswap pool.

What are the GOLD ($GLD)Token Metrics?

GOLD ($GLD) tokenomics are designed with long term value creation in mind. We believe that great things and innovation takes time to build properly and that success will require long term commitment from the team and community.

This is reflected in the tokenomics below:

Total Supply: 1,000,000,000 $GLD

How is the GOLD ($GLD) Token Distributed?

Scavengers NFT holders: 15%

Liquidity Providers: 14%

Scavengers Valley Lab + The Battery Foundation: 16%

Scavengers creators: 8%

How long is the lock out period?

In line with the standard Web3 practice, a portion of the tokens for contributors to the project will be initially locked. Locked tokens will be unlocked over a period of 48 months, in accordance with the predetermined unlock schedule in the chart below, starting on launch day, TBD.

What is the Utility of the GOLD ($GLD) Token?

You can use the GOLD ( $GLD) token to pay for any fees on our platform. And every quarter, we will use 20% of our profits to buy back $GLD for treasury reserves.
Mint future eco system and partner NFT and in game assets.
Staking rewards Scavengers - ETH Garden
Discounted Merch and community swag
Buy, sell, trade, settle Scavengers NFT products with gold

Where does all the spent GOLD ($GLD) go?

All tokens earned via fees will go to Scavengers Treasury to maintain a healthy supply of circulating GOLD ($GLD) and liquid for Scavengers ecosystem growth, economy and utility development.

Can interested parties buy/ sell GOLD ($GLD) Tokens?

Anyone can buy GOLD ($GLD)tokens by using any number of popular distributed exchanges (DEXes), such as Uniswap or Sushiswap.

Selling or trading GOLD tokens will be possible on the same exchanges. You may also use GOLD ($GLD) to purchase in game digital assets (NFT) within the Scavengers & participants game ecosystems.

Last updated 2 years ago