🐧Token Economy
The BIG5 platform ecosystem forms a token economy mediated by the Big Five Token (BIG5), which serves as the key currency within the platform ecosystem, and Wild Points, which are paid as rewards for users' activities that occur within the platform. BIG5 and Wild Points are used within the platform as a means of exchanging value, as a payment method for purchasing goods, and paying rewards.
1. Big Five Token(BIG5)
The Big Five Token (hereinafter referred to as BIG5 token) is issued based on the ERC-20 token standard, which is the token standard of the Ethereum network. The BIG5 token is the key currency of the platform and is used as the basic payment method when purchasing products and using services within the platform. BIG5 tokens can be purchased through a number of listed global exchanges, and can be mined (acquired) through games after the launch of game services.
BIG5 tokens can be stored and transferred using a number of external wallet services that use the Ethereum network. BIG5 tokens held in the wallet can be exchanged for cash and withdrawn, or exchanged for other virtual assets and used as investment assets.
If you stake a set amount of BIG5 tokens according to the internal operation policy of the BIG5 platform ecosystem, you can use it as a governance token that can participate in the DAO, the decision-making body of the platform ecosystem. The right to vote on the agenda proposed by the DAO is also granted on a sliding scale according to the number of BIG5 tokens held.
The BIG5 token becomes a medium that connects products (services) and assets of the platform ecosystem, users to products, users to users, and even platforms and users, and enables the platform to create and maintain a virtuous cycle structure as a means of maintaining and sustaining the platform ecosystem. In addition, the BIG5 token will be an essential element for the platform to expand its business area and service scale to the global market.
2. Wild Point
Wild Point is a medium that organically connects the platform ecosystem with the BIG5 token, which is the platform's key currency. Wild Points are used as a basic payment and payment method for consumption activities that occur when users use various services provided by the platform.
Wild Points can be purchased with cash or cards after joining the platform, or they can be obtained through rewards according to the internal operation policy. Wild Points purchased or obtained can be exchanged for BIG5 tokens through the platform's exchange system and used for digital asset transactions.
Users on the platform are rewarded with wild points according to their contribution to revitalizing the platform, such as trading performance, commenting, and product recommendations. Wild Points obtained as rewards can be exchanged for BIG5 tokens according to the exchange rate set by the internal operation policy. The exchange ratio between Wild Point and BIG5 tokens is 10,000:1.
※ For more information about Wild Points, please check the 'Platform > Reward System'.
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