Value loop
Token economy powered by $LOKA
🔗 Tokenomics
The $LOKA Token economy will be built on a robust game-economic foundation with community-centered token metrics.
Especially, it will be established on a market-tested game platform with a 200,000+ strong active gamer community, which will render fundamental product strength to be defendable against and unphased by the crypto market cycle.
At least more than 43% of the total token supply is earmarked to be distributed to the community through game contest rewards (ex. CvC bounties), platform productivity rewards (i.e. staking rewards), the land rewards, and more.
The majority of the values generated across the game platform will be captured and funneled back into the council vault which will be controlled and driven by the community members in the future when the protocol becomes fully open-sourced with LOKA DAO.
The council is all about community-driven governance, and the Council vault refers to blockchain addresses that effectively capture and accrue values across the game, that will be eventually controlled by the LOKA token holders.
💎VALUE CAPTURES
NFT upgrading/ breeding/ developing fees in LOKA
Native NFT / Treasury Land sale revenue
Treasury Land issuance (Temporal)
In-app purchase revenue (on-chain purchases**)
1~5% of NFT marketplace royalties (depending on each marketplace policy)
** Fiat purchases are potentially discouraged over time and will be channeled into on-chain as much as commercially reasonable through on-ramp terminals for more transparent accountability.
ℹ️ A certain percentage (20%) of the monthly value accrued into the vault will be used to fund the dev team's Operating Expenditures (OPEX). This OPEX take ratio will potentially be determined by the community-owned DAO after the successful transition into DAO.
➕Additional Value creation
Pertaining to any additional value streams beyond the abovementioned items, they shall be captured by the council vault. Also, the council may vote to buy back LOKA tokens from the market and burn or permanently lock up the supply in order to better optimize token holder value.
Based on the token issuance schedule, the council will execute token emissions as 1) platform productivity rewards for those who locked up their LOKA tokens for the long term, 2) Land rewards for Landowners, and 3) Play-to-Earn bounties for the avid gamers who have effectively demonstrated their skills and merits in the game content.
In addition to the scheduled new token unlock/issuances, the council may potentially decide to top up with the other values captured from treasury Land rewards, the LOKA portion of the NFT breeding fee, marketplace NFT transaction fees, and in-app revenue (Certain restrictions apply for the off-chain revenue streams due to involvement of web2/off-chain intermediaries)
The goal of this value loop is 1) to establish a sustainable value flow, underpinning the token economy, 2) enhance the long-term value creation & productivity within the game platform, 3) to share & align the incentives among key stakeholders/contributors (ie. gamers & developers) to the betterment of the platform, 4) ensure protocol sustainability & defensibility. (against potential forks or vampire attacks, for example), 5) to encourage any other non-exhaustive list of value additive activities for the platform.
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