The QuizTon Economy
Last updated
Last updated
QuizTon has built a robust in-game economy model with our native token at its heart, allowing sustainable liquidity as we scale to millions of daily players, users and prize winners.
Free to play game rewards are backed by power-up sales and sponsored questions, while cash or prize games are backed up through entry fees.
This ensures a game liquidity pool that is constantly replenished through ticket sales, power-up sales, NFT Sales & sponsorships.
The total platform economy works with a mixture of points earned from completing Free to Play Games and fees paid to enter cash / prize games. The basic point earning system is as follows:
5 Question Quizzes - 1 point per correct answer, 1 point for completing, 2 points for perfection.
10 Question Quizzes - 1 point per correct answer, 2 points for completing, 3 points for perfection.
15 Questions Quizzes - 1 point per correct answer, 5 points for completing, 10 points for perfection.
5-Question Quiz - 8 points
2. 10-Question Quiz - 15 points
3. 15-Question Quiz - 30 points
Points to token conversion will be dynamic, and depend on the current value of QUIZ token once launched. See below for two example scenarios.
Scenario 1: Token Value at $0.50
10 Tickets - $5 or 10 tokens
Boosters - $1 each or 2 tokens
Scenario 2: Token Value at $0.01
10 Tickets - $5 or 500 tokens
Boosters - $1 each or 100 tokens
This will be addressed and mechanics finalized following our upcoming QUIZ token drop.
1. Entry Tickets
Cost - $0.50 per ticket (sold in bundles of at least 10 tickets)
Purchase Options - Buy tickets using FIAT or tokens converted from points.
In-app items
Boosters/Avatars - Can be bought using FIAT or tokens.
Boosters - $1.00 each or 2 tokens
Avatars - $5.00 each or 10 tokens
