Things have come full circle, and http://FTX.comโs first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for http://FTX.com (pending DD etc.).
๐ Emission
$DEGEN is minted by playing DegenReborn life rounds. ๐ฎ
Reward formula --
Reward=(Base+Ranking)โCPI
What is CPI ๐ง
Determined by price of $DEGEN, as read from DEX in the deployed chain (e.g. Pancake).
For example, when $DEGEN price goes up by 50%, CPI will go down by 50%, vice versa.
Your Percentile
Base Reward
< 1%
18
1% ~ 10%
8
10% ~ 30%
3
30% ~ 50%
2
50% ~ 100%
1
Your Ranking
Ranking Reward
1
8888
2 ~ 10
888
11 ~ 100
88
๐ฏ Utility
The key utility for $DEGEN is to win Airdrop + Jackpot rewards, which grant both $DEGEN tokens and native tokens like NATIVE TOKEN. ๐ค
$DEGEN will be used for future game modes of DegenReborn, too. ๐
๐ฅ Burn
Tributing $DEGEN tokens will cause it to be staked & burned from circulating supply. โป๏ธ
It can still be moved across different incarnations anytime. ๐ป
Since the leaderboard is refreshed when a new season starts, new incarnations and new $DEGEN need to be created to compete in the new season. ๐ฃ
