🛡️Token Utility

Disclaimer: This litepapper should be considered a work in progress and can be updated without further notice

Overview

Nortonium NRT is a utility token used in the Nortonium game.

The main purpose of coins is to serve as an in-game currency that players must spend whenever they want to create a new asset for the blockchain, make an initial purchase, or vote on important game decisions.

Where Token is Used

In-game Actions:

• Building upgrades

• Crafting Items

• Fight betting

• Increasing the overall level by gaining enough experience

• Construction of protective structures

• Buying special items such as weapons, defenders in towers.

• Resource storage extension

• Creation of a guild

• And so on

When spending precious coins on any operations, 50% of them are burned, 50% are returned to the reward pool. The value of precious coins for minting a particular NFT will increase with each minted NFT, which will encourage earlier use of precious coins and serve as a mechanism to regulate asset supply and prevent flood scenarios.

5% of the commission received by the developer from secondary sales between players is directed to the token liquidity pool.

Decentralized Token Management: Token holders will be able to vote on proposals related to tokens through decentralized governance. The proposals will include topics such as distribution of the token reserve, activation of daily rewards, and changes in the supply of tokens. Other categories of proposals can be added through appropriate decentralized governance processes. Our goal is to constantly improve the utility and decentralization of the token through user voting.

Submission of proposals: In order to submit a proposal for voting, a person must have a certain threshold of tokens, which will be determined later. The Foundation has the right to propose for voting issues that are considered positive for the ecosystem as a whole and will be implemented if enough votes are cast for them.

This in-game economy is designed to strike a balance between the supply of assets, player actions, and community participation in decision making through the use of a token and decentralized governance. This allows you to make the gameplay more fun and dynamic for the players.

Methods of obtaining token

• Selling: resources on the in-game market

• Global Events: High positions in the standings give excellent bonuses in the form of coins.

• Selling: Sell NFTs you created in the game.

• Completing daily and weekly quests:

• This type of activity also rewards the player.

Methods of Token Burning:

• Burning for City/General level up 5/10/15/25/30

• Burning to upgrade items

• Burning to create unique items

• Burning to buy unique items

And so on. Many actions in the game lead to the burning of tokens, which in turn leads to a reduction in their circulating supply.