Space Guild
Space GuildGamesTelegram
  • 🔱Space Guild
    • 👋Welcome
    • ⚜️Space Guild Details
      • The Space Guild Platform
        • Game Overview
        • Need for Decentralized Gaming
        • Vision
      • Market Opportunities
        • Web 3 Potential
        • Blockchain Market Potential
        • GameFi
          • Space Guild in GameFi
      • Space Guild Services
        • Marketing Tasks
      • Space Guild's Business Overview
        • Space Guild Business Model
        • Key Advantages of Decentralization
      • Road Map
      • Conclusion
      • Official Links
    • 🔴Latest News
      • 💥Quarter 3 Update
      • Token Launch and Alpha Testing Season
  • 🤑P2E Games
    • 🔥WarSindia
      • 💪What is WarSindia?
        • Why Play WarSindia?
        • When Can I Play?
        • Website
        • Buy Army Boxes
        • Login
        • SignUp
      • 📘Sindia Prequels
        • The Legend of Sindia
        • Devil's War
        • Crazy Girl
        • Wordy Mage
      • 📔Sindia NFT Novels
        • Omens of War
        • Rebellion of the Six Kings
          • Chapter One
          • Chapter Two
        • Era of Carnage
        • Coming Soon
      • 🕹️Game Details
        • Game Characters
          • Crusader Army
          • Revolutionary Army
          • Neutral Heroes
        • Game Characters 3D Update
          • Crusader Army 3D
          • Revolutionary Army 3D
          • Neutral Army 3D
        • Army Box
          • What's in the Army Box?
          • When Can I Open the Army Box?
          • How Much is an Army Box?
          • Player's Hand
        • Amber Hammer
        • Ancient Artifact
        • Game Guild System
        • Float Crystal
          • What Can I Do With Float Crystal?
          • What is an Alpha Float Crystal?
          • How Can I Retrieve My Army Box?
        • Resource System
          • How to Get Rewards
          • What is a Card Pool?
          • What is the Card's Rarity?
          • Will Card Change?
        • Economy
          • How Can I Sell My In-Game Items?
          • Is the Game Pay to Win?
          • Are There Tokens or Land for Sale?
        • Map Editor
        • Game Play
        • Road Map
      • ⚡Support
        • Password and Login
        • Where to Buy Boxes
        • Buy from the Website
        • Wallet
        • What is Blockchain?
        • What is a Non-Fungible Token (NFT)?
        • Notes For Army Box Safe Transaction?
        • Tutorials
          • English Tutorials
          • Tutoriales en Español
            • Como Comprar Cajas de Armas con MetaMask
      • 💥About Us
        • Responsibility
        • The Team
        • Contact Us
      • ☄️Official Links
        • Website
        • Telegram Channel
        • Main Telegram Group
        • Chinese Telegram Group
        • Twitter
        • Youtube
        • Discord
        • Instagram
        • Medium
    • 💀Eternal Brawl
      • 🕹️Game Details
        • Game Background Story
        • Competitive Advantage
        • Play Role Summary
        • Heroes (Game Characters)
        • Summoning Stone
        • Hero Status
        • Unique Pet NFT
        • Official Links
    • 💥Bomb Park
      • What is Bomb Park?
      • How to Play Bomb Park?
      • Game Currency
      • Space Tickets
      • Mobile Bombs
      • Elemental Lords
      • Special Point Coupon
      • Open For Download
      • Pre-Sale
      • Whitelist Rules
      • Epic Box Benefits
  • 🪙Token
    • 🌗Tokenomics
    • 🐨The $Funny Coin FUC
      • 🐨GET FUC TODAY!
      • Vision
      • Target
      • The Current State
      • Token Empowerment
      • Token Supply Details
      • Token Consumption
      • Token burning and destruction mechanism
    • 🌑The $UGT Token
    • 💎Diamond Token DNT
    • 💸Project Advantages
      • Why Ethereum
      • Conclusion
  • ⚜️Space Guild Team
    • 🔥About Us
    • 💪Team Introduction
    • ☄️Official Links
    • ⚡Support
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On this page
  • Sink and Faucet
  • $UGT - DNT
  1. Token

The $UGT Token

Universal Game Token

The $UGT is the Space Token platform’s game token and is used to spice up various gaming activities by incentivizing them. This token has an elastic supply, meaning, it has unlimited supply without any capping. It is specifically meant for in-game purposes and is independent of the governance token.

Although the two tokens coexist within the same ecosystem, their utilities are very different and so is their supply and distribution pattern. On this platform, players receive rewards through ordinary level interactive game activities including mining, Guild quests, PVE battle, PVP battle, monthly events, etc. Also, players get rewards by buying items or trading on exchanges.

Since its supply is elastic, this is kept separate from the utilities of the governance token which as mentioned earlier is capped at 1 billion. This is to maintain the equilibrium of this gaming microeconomy and to accommodate the growth rate of players as the platform gains traction. The governance token holders would have voting rights which gives them a say in its game token utility planning and other governance decisions.

Sink and Faucet

The sink and faucet methodology is used to define the flow of $UGT in and out of the contract. It is important to understand that smart contracts work based on certain predefined conditions also known as events. So, depending on which event is triggered, the inflow or outflow of the game token would take place. These are two sets of activities and while one brings rewards in the form of additional $UGT tokens, the other reduces it. So, the sink and faucet methodology basically refers to a mechanism deployed to add or deduct game tokens from a particular wallet based on the holder’s actions and its outcome.

In the case a faucet is triggered, such players would be rewarded with $UGT being distributed to them. However, in case a sink activity is triggered, a certain number of $UGT is deducted from the holder’s account. Although there’s an unlimited supply of $UGT, a balance between the two is essential to retain the platform’s spirit and to ensure a sustainable ecosystem. Thus, pools are created and the $UGT distributed upon the triggering of faucets is replenished by the sinks that take place within the game.

This is done to maintain the equilibrium and prevent hyperinflation which has been the case in many virtual economies. As hyperinflation and liquidity issues can kill an ecosystem, the platform would periodically implement time-tested strategies based on its current situation. If it needs liquidity, high APYs would be offered or vice versa.

In the future, this decision would also be made after a vote because the platform believes in leveraging the collective intelligence of the community. For instance, community-based burn mechanisms and soft forks as the ecosystem become more advanced. Although certain sinks and faucets would initially be introduced, more activities would be decided by the community through a voting mechanism.

$UGT - DNT

Currently, UGT is defined as an honor value generated through the game and can be exchanged with DNT for cash withdrawal.

Last updated 1 year ago

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