Need for Turbo Tokenomics
Introduction
After the introduction of play-2-earn games into crytptocurrency and the world at large, it got widespread adoption because it is the most accessible, and engaging for users especially those within the young age bracket. Gaming platforms have experienced a notable growth rate ever since the launch of the play-to-earn technology that allows gamers to earn money as they play games. Need for Turbo is one of these games, that reward users with money in form of Non-fungible tokens; valuable tokenized and unique assets that are irreplaceable. The game; Need for Turbo is a racing game also on the Metaverse space. Recently, there has been lots of talks about the metaverse being the next virtual space where people can experience the digital space. Major tech companies, other establishments and even governments are entering the metaverse since Non-fungible tokens will enhance ownership whike blockchain technology enforces transparency and decentralization. On this gaming platform, the blockchain networks it is supported by includes the Binance SmartChain and Ethereum networks.
Tokenomics; Building Phase of Need for Turbo
A cryptocurrency Tokenomics is basically the economics of the token. It involves the how, when and why of everything pertaining the token.
The building phase is the first step of Tokenomics in Need for Turbo.
A charge of 10% is allocated for every transaction carried out on Pancakeswap and Uniswap exchanges.
40% is likewise given to Need for Turbo token holders and the process is known as Auto reflection. This allows larger amounts of tokens to be gotten as incentives hence attracting more investors into the system.
An automatic 30% is burnt which leads to increase in liquidity and cost.
Marketing is a broad aspect that deals with; listings, campaigns, airdrops, etc., which takes about 20%
10% is the remaining balance allocated for the system's development such as server fees, auditing cost and employee benefits.
Conclusion
Need for Turbo is a recent game that hits the trend with its metaverse feature and Non-fungible token assets. Play-to-earn games have become bigger and better so you can fully maximize their benefits. Car race lovers and newbies are both welcome to the platform.
Projects Information
Website: https://needforturbo.com
Whitepaper: https://needforturbo.com/white-paper.pdf
Telegram: https://t.me/NeedForTurbo
Twitter: https://twitter.com/NeedForTurbo
Medium: https://medium.com/@NeedForTurbo
YouTube: https://www.youtube.com/channel/UCt6X_ukFQ9o_9OBT6gDSIRg
Github: https://github.com/NeedForTurbo
Writers Information
Bitcointalk Username: Pinkcorn
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2768206