- Blockchain: Ethereum
- Game(s): Sipher Odyssey
- Whitepaper:
$SIPHER is a governance token that plays a central role in the ecosystem of Sipher Odyssey, a free-to-play looter action RPG for mobile, developed by Ather Labs. The SIPHER token offers both in-game and real-world applications, and is due to migrate to the ATHER token in order to provide utility in other games and applications.
SIPHER is a fungible, Ethereum-based ERC-20 token limited to a total original supply of 1,000,000,000.
The price of this token is subject to high volatility.
What are $SIPHER tokens used for?
- In-Game Rewards: $SIPHER is used to reward players based on in-game achievements during special events (e.g. airdrops).
- Staking: Players can stake (lock) $SIPHER to earn rewards in the form of $SIPHER interests. This incentivizes long-term token holding for stability, but entails a risk of loss for the staker as token value may decrease during lock period.
- Governance: $SIPHER may be required to participate in the planned decentralized governance of the SIPHER ecosystem.
How to acquire $SIPHER tokens?
- Play-to-Earn Rewards: Players may earn $SIPHER based on various in-game achievements during dedicated events (e.g. airdrops).
- Staking: $SIPHER holders can stake their tokens to earn staking rewards in the form of additional $SIPHER. This also entails a risk of loss for the staker as token value may decrease during lock period.
- Crypto Exchanges: $SIPHER 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.