Ecosystem & Power Tokens
When DeFi Kingdoms: Serendale launched on Harmony, the JEWEL token launched alongside it. Unlike the average crypto token, JEWEL acts as the main token of value in a metaverse game, giving it utility above and beyond that of a regular coin.
With recent changes to the DeFi Kingdoms tokenomics, JEWEL is now the Ecosystem token that is used across realms. In addition to being the native gas token on DFK Chain, JEWEL is used for liquidity pooling in the Gardens, and staking at the Jeweler for governance rights, fee distribution opportunities, and in-game Power-Ups.
With the expansion of DeFi Kingdoms: Crystalvale onto the DFK Chain, each realm now also has its own dedicated Power Token, which is used for all game transactions, such as purchasing Hero and Pet NFTs, summoning new Heroes and hatching Pets, leveling Heroes, and more. Power Tokens can be swapped in the DEX for other tokens and in-game items, pooled for liquidity, and are emitted by the Gardens in each realm.
Unless otherwise specified throughout these documents, the Power Token fees from every in-game transaction, as applicable, are apportioned to the respective wallets for each realm as follows:
These percentages were last adjusted on November 4, 2022, increasing the amounts allocated to token burn and Jeweler Rewards/fee distribution.
- 5% - Burned
- 50% - Development Fund
CRYSTAL and JADE are the lifeblood of our project and have features that provide players the opportunity to earn while playing rather than buying games and subscriptions with no potential to recoup costs spent. In DeFi Kingdoms, good gameplay decisions and a little luck have the potential to reward players with actual crypto tokens while they play a game they enjoy.
Since both CRYSTAL and JADE share much of the same utility (for example, they can both be used to mint new NFTs), the value of the tokens is linked. This provides exciting arbitrage opportunities across blockchains and ensures that cross-chain expansion does not lead to a loss of value for older tokens. Future expansions are expected to follow the same strategy.
Additionally, JEWEL is used for gas fees on the DFK Chain, where the gameplay transactions for Crystalvale take place.
Specific information about each token can be found on the JEWEL Token, CRYSTAL Token, and JADE Token pages and issuance schedules for each can be found on the Ice Gardens and JADE Gardens pages.
Last modified 1mo ago