Currency for Transactions
All tradeable or purchasable items in the game are denominated in CRT. This goes for the resources and products (fungible tokens) like oil, coal, gold, plastic, circuit boards, and so on. This also applies to the NFTs: title deeds, blueprints, loyalty cards, and ships, to name a few.
Some quests that are successfully completed will reward you with CRT.
When you stake your tokens in a staking facility, you get voting rights. These voting rights are proportional to the amount of tokens staked. The more you stake, the more power your vote has. Read more about voting in Cryptopia here.
Distribution of total supply
The largest part is reserved for the game:
40% (4 billion CRT) is locked in the game, waiting to be claimed by players.
Another 10% (1 billion CRT) is reserved for liquidity.
25% (2.5 billion CRT) is being sold to investors. There is a private sale for 23% and a public sale for 2%.
5% (0.5 billion CRT) is designated for partnerships: consider them as reserved for promotions and airdrops in other communities.
20% (2 billion CRT) is reserved for company treasury.
The circulating supply is difficult to predict. The tokens held by investors and the team are subject to a vesting scheme of 24 months. If and when these tokens will be available is yet to be seen.
Another factor for the size of the circulating supply is the rate by which the 40% in-game rewards are earned and held. We of course believe that Cryptopia offers plenty of game-play and fun. This is why we have confidence in a healthy in-game economy and fitting circulating supply.
Use of funds
The proceeds of the private and public sale will further fuel the development of Cryptopia. Prior to the sales, the team self-funded the development for more than two years.
Start-up + HR