On Tribeland’s Tokenomics and Upcoming Sales.
Dear Community,
First of all, the Tribeland team would like to express our heartfelt thanks to everyone for supporting Tribeland to become such a strong community as it is today.
Starting from a young game studio with experience and enthusiasm in gaming and Web3, Tribeland has become a large community, with more than 50,000 Telegram members, 32,000 Twitter followers, and many partnerships.
Our game will be accessible in Beta in late December and early January 2022, immediately following our opening sales event, which will take place from 10th December to 17th December.
In order to clarify and avoid confusion from users, this article will discuss Tribeland’s Tokenomics along with the vision and future of tokens.
I. Tokenomics Overview
Tribeland's token and economic system is particularly designed to support long-term scalability as well as short-term player’s benefit.
Tribeland's tokenomy has been thoroughly researched and will be further improved as the project progresses. Tribeland's economy consists of a broad range of activities, aiming to simulate a real economy as closely as possible. Economic activities in the game are based on 3 main factors: Territory development, Character development and DeFi activities.
There are 4 types of assets that will contribute to the in-game Economy of Tribeland:
Monetary Assets. (Fungible SPL Token). These Monetary assets include $SHELL (Inflationary) and $TRBL (Deflationary)
Territories (NFT)
In-game Resources (Fungible SPL Token)
In-game Items and Companions such as Heroes, Beasts, Buildings, Blueprints, Armor, Weapons (NFT)
There are two main currencies that help operate Tribeland’s world, namely $SHELL and $TRBL.
$TRBL: This is the governance token of Tribeland, also the token used in the crowd-funding rounds of Tribeland. $TRBL is used to vote in the game's T-DAO, as well as participate in the game's DeFi activities. $TRBL has a limited total supply, with a future deflation mechanism.
$SHELL is a token used to pay for in-game activities in Tribeland, such as resource mining, forging items, improving territories, and upgrading buildings. $SHELL can be exchanged from $TRBL, and is charged inflationary. The total supply of $SHELL will increase based on the development of the Tribeland ecosystem. The purpose of the $SHELL token is to create a stable monetary base for Tribeland without affecting the governing operations of the entire system.
The primary and most crucial token that we are talking about is $TRBL. This will be the token that we used in our Public Auction Offering.
II. $TRBL Tokenomics
$TRBL can be considered a type of digital asset as it shares the same characteristics with other types of valuable digital assets. $TRBL has many use cases, which help it retain a certain intrinsic value associated with the development of Tribeland. Tribeland's Tokenomics is designed to preserve Decentralization, thereby ensuring no single party can fully control Tribeland's system.
There will be no pre-sale/Private Sale of $TRBL, but instead, $TRBL can only be acquired through the following operations:
Public Offering: Public sale of $TRBL.
DEXes and CEXs.
DeFi activities: Staking, Lending, Borrowing.
In-game Rewards.
Participate in system governance activities
Use cases of $TRBL:
Buy and own Territories in the game.
Increase voting power in T-DAO decisions
Reduce fees on the Marketplace and Auction House.
Redeem $SHELL to use as an in-game currency.
Incentives for Liquidity Providers of $TRBL on Raydium.
$TRBL stakeholders will receive a part of the revenue of the entire Ecosystem, based on the amount of $TRBL they are holding.
The token metrics of $TRBL will be as follow:
III. Token Metrics explanation.
We designed Tribeland’s Token metrics with 3 things in mind:
To create a fully functioning Metaverse and combine a unique gaming experience with the revolutionary mechanism of Blockchain technology.
Transfer ownership of in-game digital assets from the hands of corporations to the hands of the people.
To create a complete in-game Tokenomy that stimulates a real-world economy, with activities that help maintain the instinct value of the in-game asset and generate value for players.
You might notice a few things about our token metrics:
We don’t have a private sale or seed sale.
A large part of our token supply goes into Ecosystem and Gaming Incentives.
Large amount of Public Sale, with no vesting.
As the interest in Tribeland has grown during the last few weeks, so has the interest in our Token metrics, especially the large amount of Public Sale with no vesting.
Why do that? How should anti-dumping policies be implemented after IDO?
When we were designing our token metrics, we had a couple of thoughts.
The first thing is to provide fair access to all players and investors. Secondly, flexibility according to overall demand. And finally, we need to avoid the false scarcity and artificial pump due to only having an extremely tiny amount of the total supply circulating once listed on exchanges.
This “false pumping” effect is the most common difficulty that most Blockchain Gaming projects have been suffering. To create an illusion of “we have a 10x pumping price from IDO”, most gaming projects nowadays only release a minimal amount of total supply on TGE.
Consequently, their token price will increase considerably in the first few days and then get REKT terribly in the weeks after due to dumping from private investors and flippers. We all agree that it is hard to stay diamond hand when you get a 10x return from your investment.
In the end, the token price will dump, no one will stay and enjoy the game, and the ones who suffer the most are the loyal supporters who have stayed with the project since the beginning.
For that reason, we decided to avoid the traditional metrics. We don’t have private rounds to avoid selling pressure from private investors. All of our early investors signed deals to take Territories and Equities in exchange for their investments.
We also issue a large amount of $TRBL (30% of our total supply) to Public buyers. Why?
We firmly believe that our project's real supporters are public buyers, who will try out our game immediately when it’s available. Having a large amount of tokens for public buyers will ensure that they will get the tokens needed to enjoy our game without paying high “entry fees”.
What about the price dumping? The initial market cap is too big; hence there is no doubt that it will dump.
Hopefully, this will not be our case. After consulting with major data and statistic sites, we have concluded that price dumping does not usually come from public buyers. It doesn’t make sense to buy from an IDO just to dump it right after that to make a small profit. In contrast, the price dumping often comes from private investors (which is not our case), artificial pumps, and false demand (also not our case).
Let’s look at the situation this way. 30% of total supply will be unlocked on TGE, but no more after that. The supply will not be inflated too much in the first year, giving us space to develop our project. Our project's FDV (Fully Diluted Valuation) is only $10M, a small number compared to other Blockchain Gaming projects.
Until this point, if you are still worried about the token price, please take note that:
The Beta version of our game will be available for public buyers for testing at the end of December/early January. Token Staking will also be available after the Public Round.
We committed to spending 30% of our total raise on adding liquidity to the project gradually over the first 3 months. This equals $300,000 per month in liquidity, so weak hands can exit as they want to.
Furthermore, 50% of the revenue from Tribeland's Beasts Minting event will be used to buyback and burn $TRBL over the course of 3 months
We understand that there are supporters (who want to support us by helping Tribeland grow our project day-by-day), and there are flippers (who just want to make quick cash). While the short-term token price is not our concern, we are confident about the long-term growth of our project. And our token metrics were explicitly designed for that.
Hopefully, at this point, you will have a better understanding of our project and tokenomics.
The last thing that we want to say is, our Launching event will start from this week (8th of December) with our Beasts NFTs minting event. Please stay tuned and wait for our upcoming good news.
Sincerely,
Tribeland Team.
Follow our social for latest updates
✅Website: https://tribeland.io
✅Litepaper: https://litepaper.tribeland.io
✅Discord: https://discord.gg/aDRcNH7gnS
✅Chat: https://t.me/tribe_land
✅Announcement: https://t.me/Tribelandann
✅Twitter: https://twitter.com/tribe_land
✅Whitepaper: https://docs.tribeland.io/
✅Youtube: https://www.youtube.com/channel/UCynh-DYVM1Pw3naCXSxb-Jg
✅Substack:
