$SHRAP is an Avalanche-based token which serves as a cryptocurrency in Shrapnel, a competitive shooter game for PC (Windows). $SHRAP serves as a medium of exchange for NFT assets traded on the internal marketplace, as a DAO governance token providing increasing levels of decision-making and control over the product to the player-base and other token holders, and as a reward token for players and community promotors. Maximum issuance of $SHRAP tokens is 3,000,000,000.
The price of this token is subject to high volatility.
How are $SHRAP tokens allocated?
| Market Making & Liquidity | 3% | Tokens rewarded to various airdrop events. |
| Public Distribution | 1.5% | Tokens used for Foundation activities and DAO operations. |
| Strategic Token Holders | 7% | Tokens sold through rounds of private sales. |
| Seed Token Holders | 20% | Reserve of tokens to be allocated subject to future needs. |
| Eco-System Fund | 8.5% | Tokens distributed to eligible partners and advisors. |
| Team & Advisors | 27% | Tokens rewarded to players in-game. |
| Community Rewards | 33% | Tokens allocated through De-Fi instruments. |
What are $SHRAP tokens used for?
- $SHRAP is the default currency used to purchase NFT assets and consumables on the Shrapnel marketplace.
- $SHRAP tokens may be used to pay minting fees for player-created-content (e.g. maps, prefabs, skins and vanities).
- $SHRAP tokens are required to take part in DAO and sub-DAO votes / platform governance.
- $SHRAP tokens are required to vote on player-created content.
- $SHRAP tokens are used as a means of payment to network validators / node owners.
How to acquire $SHRAP tokens?
- $SHRAP tokens may be earned at regular intervals in Shrapnel as a reward for completing goal-oriented missions.
- $SHRAP tokens may be earned by players who sell NFT gear they earn or create in Shrapnel.
- $SHRAP tokens may be earned by users as a reward for creating or participating in the promotion of successful playable maps in Shrapnel.
- $SHRAP 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.