SMV will be the utility token that powers the StarCard Metaverse.
The token will be used for various metaverse related activities, including purchasing from businesses around the metaverse, buying cosmetic items, and training your character in the gym, to staking to earn more tokens. SMV will also be the reward token for the play-to-earn aspect of the games within the metaverse.
The largest section of the supply (over 50%) has been allocated to incentives. These include game rewards for the play-to-earn games, staking rewards, and giveaways.
The tokenomics have been designed with vesting schedules that will spread out the increases in circulating supply to avoid large amounts entering the supply over a short time and to aid in the long term success of the project.
The total circulating supply on dex launch will be 12.3% and will still only be 18.3% after 12 months.
There will be periodic token buybacks using royalties received from secondary NFT sales.
Cliffs have been added to all seed and contributor token holders, with the longest being for the team. All cliffs are tied to any dex launch that takes place and will ensure at the time of the dex launch. There will be almost no circulating supply for 4 months, other than tokens purchased as part of any IDO that takes place shortly before the launch and the call options NFTs won during the initial marketing campaign.
