Whitepaper
  • Overview
    • Introduction
    • Rewarding All Skills
    • Getting Started
    • Why Web3
    • Marketplace Economy
    • Unique Tech
    • Roadmap
  • Gameplay Pillars
    • 1v1 Challenge System
    • Ambassador Challenge
    • GM Mode
    • Scout Mode
  • Mechanics
    • Tap-To-Record
    • Video creation
    • Initiating challenge
    • Challenge system
    • NFT Minting
    • Level System & Rewards
    • GM Mode Challenge
    • Leaderboard
    • Teams/Leagues
  • Tokenomics
    • SKILL Token
    • VOTE Token Stablecoin
    • SKILL Tokenomics
    • Governance & Sustainability
Powered by GitBook
On this page
  1. Tokenomics

VOTE Token Stablecoin

What is a stablecoin?

  • Stablecoins are cryptocurrencies that attempt to maintain a stable market value.

  • Stablecoins may be pegged to a currency like the Canadian dollar or to the price of a commodity such as gold and pursue price stability by maintaining reserve assets as collateral (Canadian dollar in our case).

  • Stablecoins are more useful than more volatile cryptocurrencies as a medium of exchange.

Why use a stablecoin and not fiat or regular cryptocurrency?

  • Guaranteed stable value.

  • Easy to cash out.

  • Easy to use with little to no fees.

  • Fees from traditional payment services like PayPal, Visa, etc, are cost-prohibitive when it comes to micro-transactions.

VOTE tokens can be earned by:

  • Winning 1v1 challenges

  • Winning GM Mode challenges

  • Watching sponsored content

VOTE tokens can be used for:

  • Voting on 1v1 challenges to earn SKILL

  • Voting on GM Mode challenges to earn SKILL

  • Trading in for equivalent CAD at any time.

PreviousSKILL TokenNextSKILL Tokenomics

Last updated 2 years ago