Tokenomics - X to Earn
IC1101 boasts a powerful tokenomics model fueled by two core tokens: the IC1101 Explorer Coin ($IEC) and the IC1101 World Token ($IWT). These aren't just any digital assets; they're the foundation for a dynamic ecosystem teeming with diverse applications and immersive experiences.
Token Generation and Consumption
Last updated: 2024/06/08
Currency
| Currency | Type | Supply |
|---|---|---|
IC1101 Explore Coin ($IEC) | In-game soft currency, non-transferable | Unlimited |
IC1101 World Token ($IWT) | In-game utility and governance token | 10,000,000,000 |
Boosters
In-game Boosters that provide $IEC and $IWT production bonuses to users:
IEC Booster: Increases $IEC production
IWT Booster: Increases $IWT production
Boosters can be either permanent or temporary:
Permanent Boosters: These boosters are attached to an item and will provide a permanent bonus to that item's production.
Temporary Boosters: These boosters are obtained through a lottery or other means and will provide a bonus for a limited time, such as 30 minutes.
Digital Assets
Item
| Item Type | FT Item | NFT Item |
|---|---|---|
Supply | Unlimited | Limited |
Acquisition |
|
|
Purchase | $IEC | $IWT |
Upgrade | $IEC | $IEC / $IWT |
Reward | $IEC / $IEC Booster | $IEC / $IEC Booster / $IWT *Dependent on the NFT Item type. *An NFT Item cannot generate both $IEC and $IWT. |
ItemNFT Rarity Design
| NFT Type | General ItemNFT | Rare ItemNFT (Epic, Legendary) |
|---|---|---|
Source |
|
|
Supply | Limited | Limited |
Reward | $IEC Booster | $IWT $IEC Booster |
Space
| Space Type | FT Space | NFT Space |
|---|---|---|
Supply | Unlimited | Limited |
Acquisition |
*The first in-game purchase is Free |
|
Space Purchase | $IEC | $IWT |
Space Upgrade | $IEC | $IEC / $IWT |
Space Prosperity | $IEC | $IEC / $IWT |
Reward | $IEC Booster / $IWT / Item *TBC, random drop, probability related to player level | $IWT *Each level upgrade has a fixed reward |
SpaceNFT Rarity Design
| NFT Type | Source | Supply | Reward |
|---|---|---|---|
Small SpaceNFT |
| Limited | $IWT |
Medium SpaceNFT |
| Limited | $IWT |
Large SpaceNFT |
| Limited | $IWT |
Rare SpaceNFT |
| Limited | $IWT *Comes with special items to boost $IWT production |
All SpaceNFTs are limited supply and obtainable through:
Space Upgrade (x%) - Consume $IEC to upgrade Space(x% chance).
IC1101 Sale (y%) - Purchase a Space through an IC1101 Marketplace sale(y% chance).
Random Drop (remainder) - Remaining SpaceNFTs (1-x%-y%) drop randomly in-game.
Example:
30% Large SpaceNFTs: Direct purchase from Marketplace
60% Large SpaceNFTs: Consume $IEC to upgrade (60% chance)
10% Large SpaceNFTs: Randomly drop from event rewards
SpaceNFT storage is limited to 5 per user(TBC)
Merging SpaceNFTs
Merging SpaceNFTs can increase their size and boost $IWT production.
X Small SpaceNFTs + X $IWT = 1 Medium SpaceNFT
X Medium SpaceNFTs + X $IWT = 1 Large SpaceNFT
Additional Notes
The specific ratios for merging are yet to be determined.
In certain special events, users can participate in raffles by merging SpaceNFTs. These raffles offer a chance to win exclusive and rare SpaceNFTs. These unique spaces will contain limited-edition items that provide either gameplay-enhancing benefits or decorative elements.
Space-based Reward System
Acquire ($IEC): Purchase ItemFTs and SpaceFTs.
Upgrade ($IEC): Level up FTs for increasing low-value asset yield.
Convert ($IWT): Transform high-level FTs into limited-edition NFTs.
Upgrade ($IEC): Level up NFTs for increasing high-value asset yield.
Space Prosperity($IEC/$IWT): Ensure space prosperity level for continuous production.
Earning Paths
Item Flip: Upgrade FTs, convert to NFTs, sell for profit ($IWT).
Space NFT Farming: Upgrade/buy Space NFTs, earn $IWT, sell for profit.
Free-to-Play Exploration: Earn $IEC, find tradable assets (NFTs, $IWT) in-game, sell for profit.
Space Shares Investment: Invest in Space Shares for revenue share.
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