Utility of CRAFTI Token

The CRAFTI Token is the bloodstream of the Craftiverse ecosystem, driving transactions, staking, rewards, and governance. It seamlessly integrates the platform's diverse stakeholders—Cluster Owners, Creators, and Players—while fostering a dynamic, decentralized metaverse economy.

Platform Transactions

CRAFTI enables all platform interactions, including:

  • In-game Asset Purchases: Use CRAFTI to buy and trade in-game items, characters, and environments, as well as Virtualized Resource Clusters (VRCs).

  • Tournaments and Events: Unlock access to competitive events and virtual experiences.

Staking Mechanism

The Stake-to-Earn model empowers Owners and Players to prioritize games and earn rewards:

  • VRC Staking: Owners stake VRCs to power games, boosting visibility and resources. Owners earn 40% of game profits, aligning incentives with game success.

  • Winning NFT Staking: Players stake Winning NFTs, achieved through leaderboard performance, to amplify their influence and rewards in prioritized games.

  • Token Staking: Token holders earn passive income through staking while contributing to the ecosystem's stability.

Community Participation and Rewards

CRAFTI rewards active community engagement through:

  • Airdrops: Tokens are distributed for valuable contributions like feedback and participation in events.

  • In-Game Rewards: Players earn tokens for achievements in tournaments and competitions.

Governance and Voting Rights

CRAFTI empowers its community through decentralized governance:

  • Voting Rights: Token holders influence platform decisions, from feature rollouts to strategic partnerships.

  • DAO Evolution: As Craftiverse transitions to a Decentralized Autonomous Organization (DAO), governance will ensure a community-driven trajectory.

Sustainability and Stability

CRAFTI incorporates advanced economic mechanisms:

  • 5% Transaction Fee: Supports ecosystem growth, staking rewards, and platform sustainability.

  • Buyback and Burn: Reduces token supply periodically, fostering scarcity and long-term value.

By integrating VRC and Winning NFT staking, personalized rewards, governance rights, and sustainability strategies, the CRAFTI Token creates a thriving, community-driven ecosystem. It ensures equitable participation, incentivizes innovation, and positions Craftiverse as a leader in the metaverse economy.

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