🪙︱$PLAY Token
Last updated
Last updated
This deflationary token is designed to secure casino liquidity for all games, empowering users to stake on specific GAME NFTs for increased yields. At its core, it features a built-in growth mechanism directly tied to our . Each bet contributes 10% of its profit towards the enhancement of pool size, ensuring its stability and growth potential.
Moreover, the PLAY token incorporates a Daily Burn Event, where 10% of the casino's profits are used to purchase and burn tokens from the market, reducing the overall supply and increasing token value over time.
$PLAY serves multiple key roles within the PlayLand environment:
Liquidity Provisions: $PLAY is crucial for ensuring liquidity across all games developed on the PlayLand platform. It is used to create liquidity pools paired with stablecoins such as USDT. These pools are essential for handling wagers within the casino, ensuring smooth financial transactions and gameplay.
Revenue Reinvestment: To enhance the platform's stability and the token's value, 10% of the profits from each wager are redirected back into the liquidity pools. This reinvestment strategy deepens the pools' financial depth, increasing the overall robustness and enabling larger bets and payouts.
In-Platform Currency: The token is also used as a currency within the PlayLand ecosystem. Players use $PLAY to purchase GAME NFTs, which are necessary for participating in and creating games in the Play Zone. Additionally, $PLAY is utilized for acquiring various premium features and promotions within the platform, adding an extra layer of engagement and exclusivity.
Stability and Security: By pairing $PLAY with stablecoins, PlayLand ensures that the ecosystem operates with reduced volatility, typical of digital currencies, thereby providing a stable and predictable environment for users.
Enhanced Player Engagement: The use of $PLAY as an in-platform currency not only facilitates transactions but also enhances player engagement by integrating them more deeply into the ecosystem through financial and strategic activities.
Ecosystem Growth: Reinvesting a portion of profits into liquidity pools encourages sustainable growth and token appreciation, benefiting all stakeholders in the long term.
