Core Game Loop
- Mint Your Champion: Acquire one of the 8,192 unique Champion NFTs.
- Stake for $EXP: Stake your Champion to start earning the essential $EXP utility token daily.
- Enter the Duels: Use $EXP to pay the entry fee for each tournament round.
- Battle & Win: Engage in RNG-determined duels. Victory levels up your Champion and advances you to the next round. Defeat means elimination for the season.
- Claim Glory & Prizes: Survive 13 rounds to potentially reach the final prize pool!
Rules & Fair Play (Season 1)
Core Principles
- Team Participation: The core development team is ineligible to win any prizes from the tournament prize pool.
- Team NFT Holding: Team-held NFTs are solely for promotional purposes (prizes, auctions, raffles, supporting community events) and will not compete in the main tournament bracket for prizes.
- Combat Determination: To ensure fairness and prevent predictability, duel outcomes are determined off-chain using a secure Random Number Generator (RNG).
- Staking Commencement: $EXP staking rewards will begin accumulating 24 hours after the public mint concludes.
Tournament Schedule
- Round 1 Start: Duels commence 2 weeks after staking begins.
- Round Cadence: Subsequent rounds (up to Round 10) will also commence every 2 weeks.
- Final Rounds: The concluding rounds (11-13) will occur at an accelerated pace to create an exciting finale to the season. Specific timing will be announced closer to the date.
Prize Pool Staking
- The SOL allocated to the prize pool (70% of mint revenue, e.g., 5734 SOL based on a 1 SOL mint) will be staked in a Liquid Staking Token (LST) protocol (initially planned with Pesky Penguins validator) on Solana.
- Staking rewards accrued by the prize pool principal may potentially enhance the final prize payouts further.
- Prize funds will remain staked until the scheduled distribution dates for each prize tier.
Detailed tokenomics information, including the $EXP staking rates, duel costs, supply details, and Lord bonuses will be added here shortly.
$EXP Token Utility & Supply
- $EXP is the core utility token within the Gauntlets & Greatswords ecosystem.
- Earn $EXP daily by staking your Champion NFTs (see table below for rates).
- Use $EXP to pay entry fees for tournament rounds.
- Optionally, use $EXP to strategically \'Buy a Bye\' in early rounds (1-4), tripling the standard duel entry cost for that round.
- $EXP will be available for trading on Solana Decentralized Exchanges (DEXes).
Supply Management & Longevity
- The total supply of $EXP is fixed at 10,000,000 tokens.
- Only 10% of the total supply (1,000,000 $EXP) is designated as the initial circulating supply for Season 1.
- The remaining supply will be released gradually (~10% per season) to ensure project longevity and reward future players.
- Full token circulation is anticipated around Season 10.
- A percentage of the circulating supply will have locked liquidity provided on DEXes.
Lord Class $EXP Bonus
NFTs with the Lord class receive a bonus to base $EXP staking earnings, decreasing each level:
- Level 1: 1.50x
- Level 2: 1.45x
- Level 3: 1.40x
- ...decreasing by 0.05x per level until Level 11.
- Level 11+: 1.00x (no bonus)
Projected Tokenomics (Season 1)
Level | NFTs | Stake/Day (Non-Lord) | Stake/Day (Lord) | $EXP Cost / Duel | Total $EXP Cost / Round | $EXP Cost / Bye (3x) |
---|---|---|---|---|---|---|
1 | 8,192 | 1 | 1.5 | 14 | 114,688 | 344,064 |
2 | 4,096 | 3 | 4.35 | 40 | 163,840 | 491,520 |
3 | 2,048 | 5 | 7 | 65 | 133,120 | 399,360 |
4 | 1,024 | 7 | 9.45 | 90 | 92,160 | 276,480 |
5 | 512 | 9 | 11.7 | 120 | 61,440 | 184,320 |
6 | 256 | 11 | 13.75 | 150 | 38,400 | 115,200 |
7 | 128 | 13 | 15.6 | 180 | 23,040 | 69,120 |
8 | 64 | 15 | 17.25 | 205 | 13,120 | 39,360 |
9 | 32 | 17 | 18.7 | 230 | 7,360 | N/A |
10 | 16 | 19 | 19.95 | 260 | 4,160 | N/A |
11 | 8 | 21 | 21 | 290 | 2,320 | N/A |
12 | 4 | 23 | 23 | 320 | 1,280 | N/A |
13 | 2 | 25 | 25 | 350 | 700 | N/A |
Season 1 Initial Circulating Supply: | 1,000,000 |
Note: Buy a Bye option only available for rounds 1-4. Staking earnings are per NFT per day. Total costs assume all NFTs in the level enter the duel.
$EXP Tokenomics
Detailed tokenomics information, including the $EXP staking rates, duel costs, supply details, and Lord bonuses will be added here shortly.