Expansion of NIGHT CROWS' Tokenomics
- The Age of Expansion -
NIGHT CROWS has established multi-utility tokenomics based on added values generated through gameplay. The game economy and the blockchain economy interconnect and circulate through a total of 7 utility tokens, which include the key token, CROW. The two economies have been expanding as a larger blockchain ecosystem through the blockchain gaming platform, WEMIX PLAY.
Last August, we introduced the CROW Shop to enhance the value and activity surrounding CROW. We also added the NFT Offer feature to address the issue of discontinued gameplay caused by NFT transactions. Following these developments, we plan to review the current NIGHT CROWS tokenomics, addressing any imbalances and adding balance where needed. We aim to invigorate both the game and the blockchain economy by introducing a new utility token aligned with the game's growth. Furthermore, through proactive collaboration with WEMIX PLAY, we will establish a more robust and expanded tokenomics system and blockchain ecosystem. To achieve these goals, we will implement the following update.
Advance Notice System for CROW Minting (Scheduled for October 22)
Currently, CROW can only be minted when the average market price is at least $0.75 to maintain a stable market price. However, there has been an imbalance of opportunities for the minting of CROW due to the volatile market price and short minting time frames, as the average price was not maintained at $0.75 long enough. To provide more users with the opportunity to mint CROW, we are adding an advance notice function for CROW minting.
Starting from the coming update on October 22, when the market price of CROW reaches $0.75, the minting period will be delayed by 1 hour, and this will be announced through advance notice. Once this hour passes, you will be able to mint CROW. We expect this function will offer more users the chance to mint CROW.
PNIX DEX Trading Fee Percentage Increase (Scheduled for October 22)
DEX is a trading channel where major in-game items are converted into utility tokens and traded. At the moment, the fee for trading through DEX has a lower fee percentage than that in the in-game Exchange. Such a difference has become the leading cause of the imbalance between the in-game and the out-of-game economies. Therefore,the trading fee percentage in DEX will be increased to 10% to restore the balance between both economies. This adjustment to the DEX trading fee percentage will decrease the supply of CROW in the market, leading to increased value. The additionally secured CROW will be used as a resource to invigorate NIGHT CROWS' tokenomics through various kinds of events in the future.
In-Game Linking to WEMIX PLAY App (Scheduled for October 22)
WEMIX PLAY released the WEMIX PLAY app to replace existing wallets. Therefore, WEMIX PLAY's services are only available through the WEMIX PLAY app at the moment. In line with this trend, you will now be able to use the new WEMIX PLAY app along with the existing wallets in NIGHT CROWS.
As announced through WEMIX PLAY(Link), the wallets you have been using will no longer be serviced by the end of this year. Please transfer your wallets by referring to the "Transfer to WEMIX PLAY App" guide in the announcement to enjoy various services supported by NIGHT CROWS' tokenomics and WEMIX PLAY with enhanced stability.
PLAY TOKEN Web Shop Open (October)
PLAY TOKEN was released as part of WEMIX PAY, a new payment method being prepared by WEMIX PLAY. In October, we will be opening a web shop where you can usePLAY Token(Link). The PLAY Token Web Shop will carry various items that help your growth in NIGHT CROWS and will only be available through the WEMIX PLAY app.
Addition of New Utility Token (November)
In addition to the existing 6 utility tokens, a new token will be added. The new token will be minted through a crucial item in the in-game economy, much like the existing 6 items. The addition of a new token will further expand NIGHT CROWS' tokenomics. More details about the addition of a new token will be available in future notices.
As explained above, NIGHT CROWS' tokenomics will continue to evolve and improve at an unstoppable rate. Through such processes, NIGHT CROWS' tokenomics will become even more robust and stable, expanding into a larger blockchain ecosystem together with WEMIX PLAY. We ask for your continued support for the upcoming changes in NIGHT CROWS' tokenomics.
Lastly, we are preparing a CROW Airdrop event for the invigoration of NIGHT CROWS' blockchain economy. We will release further details through a future notice.