šŖGamofi Token
Gamofi Token (GAMO) is an essential part of The Gamofi platform and we are working on establishing key mechanics that makes it intrinsically tied to The Gamofi platform and its value. GAMO is an ERC-20 utility token built on the Ethereum blockchain that serves as the basis for transactions within The Gamofi, and has the following uses: ā Access The Gamofi platform: Players spend GAMO in order to build games, buy equipment, or customize their Avatar character.
ā Governance: GAMO is a governance token that allows holders to participate in Governance decisions of the platform, using a DAO structure. They can exercise voting rights on key elements such as Foundation grant attributions to content and game creators and feature prioritisation on the platform Roadmap. GAMO owners can vote themselves or delegate voting rights to other players of their choice.
ā Staking: GAMO allows for staking, which allows for passive revenues: you get more GAMO by staking it. This is also the only way to get valuable Gems and Catalysts, needed for ASSET creation
ā Fee Capture model = 5% of all transaction volume carried out in GAMO tokens (Transaction Fees) shall be allocated with 50% to the Staking Pool as rewards for token holders that Stake GAMO tokens and 50% to the ''Foundation.''
ā Foundation: The role of the Foundation is to support the ecosystem of The Gamofi, offering grants to incentivize high quality content & game production on the platform.
Last updated