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Everstone
Everstone – is the secondary token with an unlimited supply. The abbreviation is $ES. It is used for operations in the ecosystem both on-chain and off-chain.
$ES utilities are as follows:
- 1.Using as fees for Building Challenge
- 2.Using as fees for Synthesis
- 3.Using as Tournament and Event fees
Earning of $ES can be done by 2 main methods :
- 1.Loot box. (Play-and-Earn, Free-to-Earn)
- 2.Trading in DEX.
There are 5 types and methods to receive the Loot Box which are described on the Loot box Topic. Keep in mind that the Loot Box will randomly generate rewards for players.
Some $ES that has been used as a utility will store on the Token Buyback Pool for supporting the price, funding for tournaments and events, and for burning supply to decrease the inflation rate.
Everstone has the burning mechanism to maintain the value and generate income for players. If too many $ES are released to the market, the value of the tokens may not be conformed with the real value and result in inflation and devaluation of the token. As a result, the $ES in treasury derived from utility fees will be used for burning.
$ES has the burning methods as follows:
- 1.Building Challenge
- 2.Synthesis
- 3.Tournament and Event fees.
Last modified 18d ago