🪙Tokenomics
Pikes Arena leverages the Tezos blockchain and its native cryptocurrency, $XTZ. Our tokenomics model is designed to ensure fair play, incentivize participation, and provide substantial rewards for competitive players.
Overview of $XTZ Token
$XTZ is the native cryptocurrency of the Tezos blockchain, known for its low transaction fees, strong security features, and decentralized nature. In Pikes Arena, $XTZ plays a crucial role in the Battle Royale Mode, serving as the entry fee and prize pool currency.
Use Cases of $XTZ
Entry Fees
To participate in the Battle Royale Mode, players must pay an entry fee of 1 $XTZ. This fee is staked in the game’s smart contract and contributes to the overall prize pool for the match. The entry fee system ensures that players have a vested interest in the outcome of the game, and creates the prize pool that will be distributed in the end of the game.
Prize Pools
The prize pool in each Battle Royale match is composed of the entry fees paid by all participants. The last player standing wins the entire prize pool.
House Cut
The House Cut is currently set to %10.
A small percentage of the prize pool is taken as a house cut to fund the game’s operations and development. This cut is automatically deducted by the smart contract when the prize pool is distributed. The house cut ensures the sustainability of Pikes Arena, allowing us to maintain and improve the game continually.
Economic Model
Token Flow
Players pay the 1 $XTZ entry fee to join a Battle Royale match. These fees are collected and held in the smart contract’s storage.
The collected entry fees form the prize pool for the match. The more players that join, the larger the prize pool.
At the end of the match, the smart contract distributes the prize pool to the winner’s wallet address, after deducting the house cut.
Incentives for You
The primary incentive for players is the chance to win the entire prize pool in Battle Royale Mode.
The use of blockchain technology ensures that all transactions are transparent and tamper-proof, giving you a confidence in the fairness of the game.
By participating in Battle Royale matches and engaging with the game’s ecosystem, you contribute to and benefit from a vibrant, competitive community — and you might get access to lots of surprises! ;)
Transparency and Security
The integration of $XTZ and smart contracts ensures that all financial transactions in Pikes Arena are secure and transparent. The smart contracts governing the game’s operations are designed to be tamper-proof, automatically executing transactions based on predefined rules.
Long-Term Vision
Our long-term vision for Pikes Arena includes expanding the use of $XTZ and blockchain technology to offer even more exciting features and opportunities for players. Potential future developments include:
NFT-Based Skins: In the future, we plan to itroduce non-fungible tokens (NFTs) for unique in-game items and skins with benefits to maximize earning potential.
Decentralized Tournaments: Organizing large-scale tournaments with decentralized prize pools, giving you even more ways to compete and earn rewards.
Enhanced Community Features: Building a robust ecosystem with leaderboards, player profiles, and social interactions.
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