PR Newswire
29 Dec 2022, 00:39 GMT+10
SINGAPORE, Dec. 28, 2022 /PRNewswire/ -- Coinstore.com has listed Spider Tanks native token-SILK on 01 November 12:00, 2022 (SGT). Spider Tanks is a P2E gaming ecosystem. Trading SILK/USDT on Coinstore.com.
What are Spider Tanks and what role does SILK token play?
Spider Tanks is a Play2Earn ecological network of NFT holders, players, and game developers. Players can earn Victory Points by playing Spider Tanks matches, buying and selling game equipment NFTs, and exchanging Victory Points from the game for SILK REWARDS. This PVP brawler game allows players to enjoy multiple levels of ownership, including Tanks and Weapons, Battlefield Maps, or even Factories and Planets.
SILK is the game's official reward token. SILK is an ERC-20 token from Gala Games and GAMEDIA's new tank battle esports Spider Tanks. It can be earned by participating and winning Spider Tank games, as well as becoming a Node and taking part in other products within the project's ecosystem. The distribution of SILK will be divided into two parts, one part will be distributed to NFT players and F2P players. The other part is distributed to planetary node operators, map owners, Gala and GAMEDIA members, and founder nodes. These two parts have different proportions. For more details, check out Spider Tanks whitepaper.
SILK Token Overviews:
Token Name: SILK
Total Supply: 4,419,812.76666353 SILK
Coinstore.com Listed SILK
Trading Pair: SILK/USDT
Trade Time: 01 November 12:00, 2022 (SGT)
Withdrawal Time: 01 November 12:00, 2022 (SGT)
What are the ways to swap VICTORY POINTS with SILK REWARDS?
SILK will always be the only token in the Spider Tank ecosystem, and the total amount of SILK tokens within the system is fixed. SILK is distributed through a daily settlement system. Distribution depends on the ratio of victory points to SILK for the day. The ratio is determined by the current cumulative mint and total burn of the day. The long-term relationship of the Victory Point-to-SILK ratio and circulating supply is shown in the graph below:
NFT Player Victory Point-to-SILK: Owners and Captains' Victory Point allocation occurs with each win throughout the day based on replacement allowances and is calculated independently based on the attributes of each Weapon or Body.
Planetary Node Operator Point-to-SILK: The planetary nodes will be the backbone of the Spider Tank. They will make sure the system server is up and running for various matches. Therefore, the rewards for planetary node operators will come from the SILK non-replacement allowance, which is determined based on the number of games held on the day and the size of the total workload.
Map Owners Victory Point-to-SILK: The SILK distribution of Maps will depend on the number of games hosted by Maps. Map rewards will depend on the size of daily non-replacement allowance and the total number of Victory Points issued that day.
What are the utilities of SILK REWARDS?
Increased Victory Point Potential: SILK held is not used up in any way and can continue to power the player's rewards-generating ability as long as they continue to hold it.
Improve Your NFTs: SILK can be used to buy Components and Arachnium needed to upgrade your Tank Parts. Upgraded Tank Part NFTs are more powerful and can earn more VP from each win.
Maximum Available Victory Points: There is no limit to the possibility of earning Victory Points in a day. However, certain factors will affect the difficulty of accumulating Victory Points. For details, please refer to the project white paper.
Spider Tanks (SILK) Official Media
Website | Twitter (@Spider Tanks) | Discord Only
About Coinstore.com
Founded in 2020 by well-experienced Fintech professionals from some of the most renowned crypto exchanges, Coinstore.com has amassed over 180 employees worldwide, serving more than 1.8M registered users in 175 countries. Coinstore.com provides global users with speedy, smooth, and secure cryptocurrency trading services, derivative business, OTC services, and NFT services.
As a leading global provider of financial infrastructure and technology in the field of crypto economy, Coinstore.com aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.
Coinstore.com Social Media
Website | Twitter | Discord | Telegram Discussion Group
Instagram | Youtube | TikTok | Facebook | Medium
Get a daily dose of Sydney Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sydney Sun.
More InformationNEW YORK: This week, the Wall Street Journal (WSJ) reported that U.S. electric vehicle (EV) maker Tesla and Saudi Arabia ...
NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...
STOCKHOLM, Sweden: Days before the Riksbank, Sweden's central bank, is expected to again raise interest rates, the Swedish krona hit ...
NEW ORLEANS, Louisiana: As Midwest farmers prepare to harvest crops and send tons of grain downriver to the Gulf of ...
JAKARTA, INDONESIA: Government data released this week showed that as imports, such as raw materials and capital goods, declined more ...
NEW YORK, New York - U.S. investors fretted Tuesday while the U.S. central bank deliberated on whether to hike interest ...
WARSAW, Poland: As part of European Union (EU) sanctions imposed against Russia over its invasion of Ukraine, Poland banned all ...
MONTGOMERY, Alabama: Last week, Alabama's school chief, Superintendent Eric Mackey, said that under new reading benchmarks to move to fourth ...
WASHINGTON D.C.: Last week, the Federal Reserve said its losses surpassed the US$100 billion mark and will likely continue to ...
ARLINGTON, Virginia: This week, the U.S. State Department approved the potential sale of drone-related munitions and other systems to Canada ...
BETHESDA, Maryland: This week, the US National Institutes of Health (NIH) said that it started early-stage human trials on FluMos-v2, ...
MAUI, Hawaii: Hawaii Governor Josh Green has announced that the death toll from last month's deadly fire on Maui has ...