Tokenomics & Distribution
An overview of the currently proposed tokenomics for $XXX.

⚜️ Overview

Total supply: will be announced
Decimals: will be announced
⚜️ We've developed the initial proposal for $XXX token distribution with the following goals in mind.
⚜️ Heavy incentives for players to join and play in the The Rainbowland Metaverse ecosystem through play-to-earn rewards.
⚜️ Access to $XXX for the The Rainbowland Metaverse team to be able to host in-game promotions, lead growth oriented competitions in worlds, sponsor build & game creation competitions and more.
⚜️ An initial distribution of $XXX to world owners through a claim process. $XXX will not only be used in game, but also for world specific services, management, utilizing build services from any of our dozens of professional build teams to develop your Lands & Estates, and more in the future.
⚜️ Staking to give Lands & Estates owners the ability to earn $XXX over time. This gives current and future Lands & Estates owners access to an additional way to earn $XXX so they can access land-owner specific functionality and services within the The Rainbowland Metaverse ecosystem.

⚜️ Play To Earn Rewards

Play to earn rewards give players access to $XXX through completing quests, challenges, winning competitions and more across the The Rainbowland Metaverse ecosystem.
A total of 10,500,000 (50%) $XXX will be distributed to players thgrough in-game play to earn mechanics over a target timline of 5 years.

⚜️ Claim

A total of XXXXXXXXX (10%) $XXX will be claimable over 2 different claimable periods. Each period airdropping XXXXXXXX $XX.
Both claims will be distributed to wallet addresses holding The Rainbowland Metaverse Lands & Estates at the time of their corresponding snapshots.
The first snapshot will be on September 1, 2022 - The official block height has not been announced yet.
The second claim will be in June 1, 2023 - A date has not been announced yet.

⚜️ Staking

XXXXXXXXX (35%) total $XXX will be locked up and distributed over a 5 year target timeline to The Rainbowland Metaverse Lands & Estates owners that stake their NFTs.

⚜️ Team Reserves

XXXXXXXXX (5%) total $XXX will be locked up in The Rainbowland Metaverse team's treasury. This $XXX will be used for in-game promotions, new builder partner incentives, in-game events and much more.

⚜️ Gasless In-Game Transactions

The $XXX token uses Ethereum network. The primary network being Ethereum blockchain and the secondary network where in-game transactions occur Ethereum network too.