2.1 Tokenomics
Basic Economics
Players have to pay by in-app-purchase or crypto currencies to buy ticket to join in tournament competition. Based on Proof of Frame-Sync, the smart contract send token reward to the winners. For free players, they can achieve better leaderboard rankings to receive incentives also.
All the crypto games in this Faith Autonomous World use the same main token $ACP (Arena Competitive Point). Get token reward from being a winner, validator or investor for an eSports event. Burn $ACP to mint game assets NFTs in different games, mint eSports Inscriptions, join in eSports event, and other rights-related actions.
Token Generate Event
Before TGE(Token Generate Event) we use a point system to incentivize players to participate in our ecosystem.
The point is called FP(Faith Point). FP can be used to redeem $ACP after TGE.
P.S. For players who have previously received ACP incentives, we will retain your records and exchange relevant tokens after the TGE. For players who get Diamonds before, we will transfer your Diamonds to Faith Point. Which is the main point before TGE.
Players can get FP(Faith Point) from the following before TGE
Join in the Cup Match or big Tournaments to win lots of FP rewards.
Win the first few matches every day.
Get FP rewards at the leaderboard weekly for individuals and monthly for teams.
Get FP after win from a prediction on website.
Join in Community activities, finish quests.
Players will get $ACP Token from the following after TGE
Join in the Cup Match or big Tournaments.
Get Hero Card NFTs and use them in-game to mine $ACP.
Sell your game assets NFTs in our secondary market.
FP will continue to exist as RANK points after the TGE, and at the end of each season, the ACP rewards incentives from the Leaderboard, will be distributed proportionally based on the FP points held by each player.
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