Inwarium Online
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Tokenomics
Blockchain Technology
$IWR (Inwarium Token) and #WP (WarPoint) are standard tokens based on the BEP20 protocol, which will operate solely on the Binance Smart Chain (BNB) network. BSC is designed for low gas costs and fast transaction times, making it an ideal gaming environment. At the same time, the characters, weapons, equipment and lands(Military Bases) in the game will be released as NFT assets based on the ERC721 protocol. Players have full ownership of NFT assets and can trade them freely in the marketplace.
With $IWR and #WP, our goal is to use them as economic incentives to entice users to take part in ecosystem activities.The mechanisms described here serve two purposes:
β€’ To incentivize players to use tokens for transactions while rewarding them for interacting with InwariumOnline, in order to produce an internal circulating economy.
β€’ To decentralize InwariumOnline's ownership and governance.
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Why dual token model?
β€’ To ensure the sustainability & scalability of the ecosystem.
Burning Tokens With the #IWR Burn, InwariumOnline hopes to achieve a more balanced tokenomics, resulting in greater benefits for token holders and investors. Token burning is the process of permanently removing a portion of a crypto project's tokens from circulation, thereby reducing the total number of tokens available. The tokens in question are technically transferred to a burn address, which serves only to receive tokens and doesn't have other functions. The tokens will become unrecoverable once they are sent to the burn address.
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Inwarium Online $IWR Burn
Purchasing $IWR with collected money from NFT sales ( X%) and burning it completely. A smaller portion of the total collected funds, as well as future funds, will be used to purchase and burn $IWR
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