Let’s Talk Tokenomics, Token Utility, and More

As described clearly in our vision and mission section, we aim for the long-term development of Drifto and the stable, solid ecosystem we are building. Hence, there should always be the focus and extensive thought put into the tokenomics and the utilities that our token offers.

As a matter of fact, we will issue up to 10.000.000.000 $GRC tokens for the seed round. And we will have 1.500.000.000 tokens planned for the public sale round. 18% of the total tokens will be allocated to the Team and Advisors to align our interests with those of the community. 10% of the total tokens will be held by Drifto as a token reserve for liquidity pools. So, let’s take a look at our fund allocation plan below, it will help you have a clearer view of how we will handle tokens distribution in more detail.

Participants in the Seed and Public stages will get their tokens once the Initial Token Offering has been completed as a means of lock-up.

Token Allocation

* 42% Foundation Reserve

* 20% Seed Round

* 15% Team

* 10% Liquidity

* 6% Marketing

* 3% Public Round

* 3% Advisor

* 1% Airdrop

And as far as we know, the utility and value creation of a token is the heart of an ecosystem. It can simply encapsulate what is necessary for a successful economic model that helps drive the project’s missions. To get more of an insight, you can read more about our token’s utilities here.

Token Utility

Staking:

Holders can stake $GRC to receive lottery tickets (which can be converted to money) or other special rewards based on TVL (Total value lock).

Or when holders stake a certain amount of $GRC for a specified number of days, they will receive a license to create a crew.

Buyback and burn mechanism:

The revenue from the game will be published as a financial report monthly. We’re using 10% of revenue to buy back GRC tokens from the market.

Staking to start and join the crew:

Players need to stake an amount of GRC token to receive a license to create their Crew. It’s the same for a player who wants to join the crew or stakes to receive a joining ticket.

* License: Staking 100,000 GRC token

* Ticket: Staking 20,000 GRC token

Voting:

Drifto will be developed under the DAO system model, so $GRC holders have the right to vote to change the system or game functions in their favor.

About Drifto

Drifto was created with two goals in mind. The initial stage is to create a 3D automobile NFT that can be improved, altered, and used throughout the blockchain in a variety of games and scenarios. The second aim is to create a fully working 3D racing game that pays players for their time spent in the game and allows them to utilize their rewards to unlock new vehicle modifications, compete in races, and battle other players for a variety of prizes. We designed Drifto in such a manner that gamers may have fun playing our game while also earning a lot of money.

LEARN MORE ABOUT Drifto:

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