🧊$MPC Token Utilities
The primary purpose of the $MPC token is to serve as an in-game currency that players can earn and spend for participating in the metaverse park ecosystem. We have built a fullfledged economy around the $MPC token, some of the use-cases are described below:
Buying NFTs and in-game assets The $MPC token is the currency of the Metaverse park ecosystem and will be used to buy land, assets, and other in-game items that are required by the players to build passive income, participate in the games and to upgrade their level.
Participation fee to play games The Metaverse Park will host a variety of games that will provide the players an opportunity to play-and-earn. Some of the games will be free-to-all whereas some of them would incur a participation fee. The participation fee would be charged in $MPC token and all the collected fees will be collected in a pool that would be used to refill the P2E reward pool, pay royalties to asset owners and to incentivize community in other ways.
Rewards for playing games The players who will participate in the Metaverse Park games will earn rewards in form of $MPC tokens for participating and/or winning the game(s). The rewards would be paid out from the P2E reward pool. The participation rewards will vary based on the type of games as well as the level of player. However, the general rule is – the more you play, the more you earn.
Royalty for owning in-game assets The Metaverse park provides a lucrative opportunity to earn passive income in $MPC tokens by owning land, assets, and items in the Metaverse park ecosystem. The land, assets, and items in the Metaverse park are all NFTs and the owners get complete digital rights over the NFTs. The NFT owners get compensated every time their assets are used by the players in the games. The Metaverse park ecosystem provides various ways in which the NFT owners can monetize their assets and earn more income in form of $MPC tokens.
Tax on secondary sales of NFTs There will be a tax on the sale of NFTs (land, assets, and other in-game items) on the open marketplace. The tax will be deducted/converted into $MPC tokens and would be used to incentivize the community.
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