Economy
Empowering the Community, Enhancing Gaming, and Fueling B2B Solutions
Last updated
Empowering the Community, Enhancing Gaming, and Fueling B2B Solutions
Last updated
QORPO was minted as an OFT token standard, currently on Ethereum and Binance. During the Token Generation Event (TGE), a total supply of 750 million QORPO tokens was generated, and there are no plans to create or mint any additional tradable tokens in the future. The total token supply will only decrease over time via various burning and deflationary mechanisms tied to the token economy.
Token holders will have access to a range of exclusive benefits and incentives within the expansive framework. The team has meticulously crafted every aspect of the ecosystem to provide exceptional utilities to token holders, ecosystem users, and players.
The entire gaming ecosystem is powered by a single token. However, the foundation of the QORPO ecosystem is linked with various external entities and audiences. We are focusing on two economies: the Web3 and Web2 traditional game economies. Each of these economies has distinct inputs, approaches, and connections to the $QORPO Token.
WEB3 Economy
The success of the games and products will positively impact our QORPO token holders and NFT holders. We have prepared multiple strategies to first onboard the community into the web3 economy, encouraging participation in holding our QORPO token or NFT. We also worked on a strategy to provide incentives to stay in the community and be rewarded in a sustainable way.
$QORPO Token Holders
Compared to other GameFi projects, the token is designed to fuel all games from our studio and not just a single game token. This reduces potential risk for investors and provides multiple incentives in the long term. The staking program is one incentive to hold and stay in the ecosystem, offering sustainable rewards and gaming assets. It also removes friction for potential user onboarding, as they don't have to deal with multiple tokens, just one. QORPO holders who stake tokens in our staking program, QORPO POWER, will earn extra loyalty points called DIAMONDs. These points will be added to a special rewards leaderboard to provide long-term incentives and rewards, supporting our potential for scaling into a gaming blockchain.
NFT Strategy
Our NFTs are divided into two main categories: Genesis NFTs and Gaming NFTs.
Genesis - Every game from our ecosystem will have its own Genesis 0 collection, which is one of the main incentives to reward early players with the most valuable assets from a game. It has a limited amount and provides soft staking rewards where you hold these assets in a wallet and receive tokens as rewards according to the token metrics. More importantly, the success of these games will increase rewards as part of the minting fees from virtual assets to NFTs from the game. A portion of these fees accumulates as rewards for Genesis holders. Gaming NFT
Every single asset can be minted as an NFT from virtual assets, similar to the assets traditional gamers have in Web2 games. Every single gaming collection has a limited amount, which will enhance the collectible aspect. We also add loyalty points for minting and holding these assets, called DIAMOND points, specific to each collection and rarity. These points will be a key factor in rewarding players in the long term by providing them with airdrops, access to tournaments, and entry to exclusive projects.
Web2 Economy
Building games for gamers without bothering them with blockchain fees was our main motto. Our games have an off-chain currency token used on platforms like Steam and Epic, where you can use a credit card to buy assets, and battle passes, etc., completely as you are used to in traditional gaming. And now the best part: every revenue the company generates will be used to buy our studio token, increasing our treasury based on our token metrics. Active players engaged in our games form the backbone of the user base and drive the interactive element of the ecosystem.