$PRIME is an Ethereum-based, ERC20 token which serves as a cryptocurrency in Parallel, a collectible card game for PC (Windows) and the Echelon gaming ecosystem. $PRIME serves as a medium of exchange for collectible and utility NFTs on the Parallel shop, as a player reward token distributed in-game, and as a DAO governance token, providing holders a share of voting rights on proposals shaping the Echelon ecosystem. The launch price of $PRIME was 0.048 USD. Maximum issuance of $PRIME Tokens is 111,111,111.
How are $PRIME tokens allocated?
| Gameplay Pool | 31.7% | Tokens rewarded to players who are successful in ranked games with NFTs equipped. |
| Parallel Studios Reserve | 19.7% | Tokens used for game development. |
| Parallel Studios Investors | 16.2% | Tokens used to reward early investors. |
| Caching | 14.1% | Tokens rewarded per NFT assets cached. |
| Echelon Foundation | 11.2% | Reserve for the operations and development of the Echelon Foundation |
| Prime Events | 7.1% | Tokens distributed to collectors of Parallel cards across 5 snapshots |
What are $PRIME tokens used for?
- $PRIME tokens are used in Parallel to upgrade Parallel Alpha cards to “Artigraphed”, a rarer version of the card that is digitally autographed by the artist that designed it.
- $PRIME tokens are used in Parallel to purchase Payloads (loot boxes), which contain randomized card packs.
- $PRIME tokens can be used to purchase Parallel ‘s in-game currency Glints, used for non-NFT microtransactions.
- $PRIME tokens are used to replicate a Parallel NFT card owned into an Echo version.
- $PRIME tokens can be used to submit and vote on governance proposals.
How to acquire $PRIME tokens?
- $PRIME can be earned by winning ranked games while fulfilling one or several conditions such as having an NFT card or item equipped.
- $PRIME may be earned as a reward by completing and caching collections of Parallel cards named Parasets.
- $PRIME may be purchased on a cryptocurrency exchange, and imported into the game through a player’s crypto wallet.
⚠ 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.