Tokenomics
Take a look at all the exciting things $IP3 can be used for.
$IP3 can be used for several exciting things.
Medium of exchange
$IP3 is the medium of exchange in the CRIPCO ecosystem. It will be necessary for making purchases from the CRIPCO marketplace. It will be required to purchase:
NFT
Real Goods
Raffle Tickets
Utility Payments
Governance
$IP3 serves as both the utility and governance token, streamlining the ecosystem's functionality.
IP3 can be used to submit Treasury governance decisions to the DAO in conjunction with DAO wallet support.
Staking
Service launch expected in 2024
$IP3 tokens can be used for CRIPCO staking platform. In return, stakers will earn various benefits such as participation in DAO governance, whitelist, NFT airdrop, etc.
$IP3 tokens can also be staked into a liquidity pool for passive rewards.
Do I need $IP3 to purchase CRIPCO's NFT?
Yes, you will need $IP3 to make any purchases from CRIPCO's ecosystem. That includes NFTs.
How much $IP3 will be circulating in total?
The total circulating supply of $IP3 is 300,000,000.
Is $IP3 a stablecoin?
No, $IP3 is not designed to be a stablecoin. The valuation of $IP3 can change based on the supply and demand for it as well as other market factors.
Who are the existing $IP3 Backers and Partners?
Some of the $IP3 investors are Solana Ventures, Neowiz, Playdapp, Vestigium. You can learn more about CRIPCO's investors and partners on our official website, here:
Do you plan on burning any $IP3?
We are planning to implement a token burning model for the IP3 token, which involves burning a portion of the IP3 tokens that are generated or acquired by the project in order to decrease the supply of tokens in circulation.
Is $IP3 a governance token?
Yes. $IP3 token is a governance token that allows holders to participate in governance decisions on the platform using a DAO structure. $IP3 holders can exercise voting rights on key elements such as marketplace, utility fees, and DAO proposals or listing proposals. $IP3 token holders can also vote on event participation fees and the initial launch and sequential transactions of limited NFTs that are tied to physical goods. $IP3 holders can vote themselves or delegate voting rights to other users of their choice.
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