Crypto not (yet) listed
- Blockchain: Ethereum
- Game(s): SkateNation XL
- Whitepaper:
$FGT is an upcoming cryptocurrency set to launch in 2025 Q3 for use within the Fusion Games ecosystem, which comprises games like SkateNation XL, an upcoming skateboarding arcade game for PC and console. The coin serves as a medium of exchange for items traded in the marketplace, as a reward token for specific in-game and community achievements, and as a governance token, allowing direct community participation.
It is a fungible, Ethereum-based ERC-20 token limited to a total original supply of 10,000,000,000.
The price of this token is subject to high volatility.
What are $FGT tokens used for?
- In-Game Currency: $FGT functions as the primary currency for Fusion Games, allowing players to purchase items, upgrades, and premium features. Players can earn tokens by completing challenges and engaging with gameplay, fostering motivation and enhancing the overall gaming experience.
- Trading and Ownership: Players can trade in-game assets as Non-Fungible Tokens (NFTs) on the Fusion Games marketplace using $FGT. This capability supports asset portability and progress transfer across different games within the Fusion Games portfolio.
- Governance and Voting: $FGT holders can actively influence platform development by proposing and voting on new features. Governance is token-weighted, with staked tokens determining voting power. Participants in governance are rewarded with additional tokens for their contributions.
- Staking and Rewards: Players can stake $FGT to earn rewards such as exclusive in-game content and additional tokens. This mechanism is designed to strengthen the token economy and promote sustained player engagement.
- Competitive Gaming: The token supports eSports tournaments by facilitating entry fees and distributing rewards. This enhances the competitive aspect of Fusion Games titles and fosters a vibrant gaming community.
- Partner Collaborations and Liquidity: Through collaborations with gaming and cryptocurrency platforms, $FGT utility is expanded, offering joint events and rewards. Liquidity providers on decentralized exchanges are also incentivized, ensuring token stability and availability.
How to acquire $FGT tokens?
- Play-to-Earn Rewards: Players may earn $FGT based on in-game achievements within the Fusion Games ecosystem (e.g. leaderboard and tournaments).
- Marketplace Trading: $FGT can be earned by selling NFTs (such as skins or items) within the game’s marketplace.
- Airdrops: $FGT may also be distributed as rewards during special in-game events, promotions, or community initiatives organized by the development team or partners.
- Staking: $FGT holders can stake their tokens to earn staking rewards in the form of additional $FGT (at risk of net loss if fall in token value > staking rewards)
- Community Initiatives: In some cases, $FGT can be earned by contributing to user-generated content initiatives or creating valuable content that enhances the community.
- Crypto Exchanges: Players can acquire $FGT by purchasing it directly from external cryptocurrency exchanges.
⚠ Disclaimer: The above information has been gathered from the coin's whitepaper and other official sources, such as social media channels. Some features may be planned but may never be implemented. Web3gamer doesn't recommend buying cryptocurrencies except for gaming purposes and within your usual gaming budget.