Binance Labs-backed developer Xterio officially unveiled the utility and tokenomics of the upcoming $AOD token that will power the ecosystem of web3 strategy game Age of Dino.
What Is the $AOD Token?
The $AOD token is the core token and the only tradable currency of the Age of Dino ecosystem that will be used for in-game transactions and various blockchain-related features such as governance, staking, player-to-player trading, in-game purchases, and more. Based on the roadmap from the official website, the $AOD token is set to launch by the end of 2024.
How to Play to Airdrop $AOD
Once TGE takes place, $AOD will replace the ROAR token, which you can currently earn in the pre-TGE ROAR Phase. By accumulating ROAR tokens, you can look forward to getting airdropped $AOD tokens once the transition post-TGE takes place. You can collect ROAR tokens through in-game activities such as Intel Missions and Bounty Missions while participating in limited time special events like this one. By playing PvP battles, mining resources, and taking part in special events, you get to collect X Crates which contain ROAR tokens. These crates come in different rarities, and you can get rarer ones by doing tougher activities to get more ROAR tokens. ROAR tokens actually come in limited supply to prevent inflation, and collecting them could give you a head start over other players once your holdings are converted to $AOD as the developer’s way of expressing gratitude to early players who supported the game throughout its development.
You can start playing right now by downloading the blockchain game on iOS through the App Store, or by downloading it for Windows or Android through the game’s official website. Getting the most out of your play to earn experience will require owning a Dinosty NFT, which unlocks Bounty Missions and a mining feature to let you earn more ROAR tokens, with $AOD replacing it in the future. This NFT also lets you open rare X Crates while giving you a combat power boost in PvP and PvE battles. X Crates, Bounty Missions, and the mining feature also let you earn $DB, which is the game’s non-tradable in-game premium currency used only for non-blockchain in-game activities such as for buying heroes, resources, and more in-game items while upgrading equipment and dinosaurs, and taking part in various missions and special events. As such, $DB can be bought with fiat money as well as with stablecoins or BNB, and you can earn it by trading valuable in-game assets at the Trading Hub.
Alternatively, you can also jump in the free Telegram game, Dino Museum, for more opportunities in earning ROAR tokens.
What Is the Utility of the $AOD Token in Age of Dino?
The $AOD token will replace the ROAR token as the central currency of the game’s blockchain-powered economy. It will also be the only fully tradable token both within and outside the game, and will continue to expand with new utility over the long haul.
With this key currency, you’ll be able to participate in premium in-game events, gain access to high-level content, and buy various exclusive items that can include rare NFTs. As it replaces the ROAR token, $AOD also becomes the key currency for gameplay progression, using it to upgrade your dinosaurs, refine Skin NFTs, make various transactions and in-game purchases, and more.
As a governance token, $AOD holders will be able to vote on new community initiatives such as tournaments, events, and community-driven content, while also voting on proposals related to game updates, such as new mechanics, features, or content. When it comes to staking, holders will be able to lock up their tokens to earn various rewards such as in-game items while gaining access to the voting mechanism. The more tokens you stake, the stronger your voting power.
A couple of deflationary mechanisms will be implemented to ensure a sustainable long-term game economy by burning $AOD tokens to lower supply.
To do this, the developers will burn a certain small percentage of $AOD tokens that are spent on in-game purchases. Alongside this transaction-based token burning, another burning mechanism will require players to burn tokens in order to take part in exclusive high-reward events: Elite PvP and PvE Tournaments, and Exclusive Missions. Participating in these tournaments and missions by paying entry fees in $AOD could give you a chance to earn various rare items. Crafting exclusive rare NFTs such as legendary Skin NFTs and making large upgrades to buildings, assets, and dinosaurs could also require burning tokens. Last but not least, the team will host large-scale periodic burn events divided into Revenue-Based Burns and Community-Driven Burns. The former could involve allocating transaction fees or game revenue, while the latter will allow players to vote on burn events to determine when they happen and how they work.
Supply & Token Distribution
The total supply of $AOD will be 200,000,000 tokens, according to the official Medium post. This 200 million token supply is allocated across the following 7 categories:
- Investors & Team (25%)
- Game Rewards (40%)
- Early Airdrop (10%)
- Marketing (10%)
- Dinosty NFT Holder (6%)
- Liquidity (6%)
- Advisors (3%)
Early investors and the team will get 25% (50 million tokens) of the supply to encourage developers to continue improving the game for a quality web3 gaming experience while rewarding early investors for their support in kickstarting the project. Both investors and the team have a vesting schedule that consists of a 6-month cliff after TGE, and once that period is over, their allocated tokens will start gradually unlocking every month throughout a 24-month linear period.
80 million tokens, or 40% of the total supply is reserved for play to earn rewards, rewarding players for staking and for their playtime spent in doing in-game activities such as events, PvP, and PvE battles. Tokens from this category unlock gradually over a 48-month period using a linear release schedule to ensure a sustainable long-term reward pool while limiting or preventing inflation.
If you take part in the ongoing airdrop period, you stand a chance of getting a share of the 10% (20 million tokens) reserved for the Early Airdrop. These tokens are both for early supporters of Age of Dino, as well as for those play their Telegram mini-game. No vesting schedule here, so all tokens allocated for the airdrop will unlock at TGE. Players who play the main game during this period while holding Dinosty NFTs can get even more tokens as 6% of the total supply, or 12 million tokens have been reserved for Dinosty NFT holders, with 50% of the allocation unlocking at TGE, while the rest undergo linear vesting over a 12-month period.
More details on $AOD tokenomics, utility, and everything involving the token and Age of Dino’s player-driven economy such as use cases for Skin NFTs can be found in this detailed Medium post.
