WYVERN Token
About Wyvern Token
Last updated
About Wyvern Token
Last updated
The BEP-20 utility token is called WYVERN. Transactions on the Wyvern L2 scaling protocol are based on the token. Wyvern will be made available to a small group of node operators, game developers, and other ecosystem players in order to foster a user-to-user circular economy and hasten the expansion of the ecosystem.
We firmly believe that community token ownership contributes to the alignment of incentives amongst developers, node operators, content providers, and other ecosystem players in Wyvern. The value of the token increases as a result of token holders being encouraged to support the expansion of the gaming ecosystem.
The Wyvern token has the following utility:
PROTOCOL FEE
Every Wyvern transaction will have a percentage of its protocol fees paid in WYVERN tokens.
WYVERN NODE PURCHASE
Only Wyvern tokens may be used to buy Wyvern nodes.
STAKING
Protocol fees will be implemented, and rewards for staking will be added. Rewards from a special staking reward pool will be made available to individuals who fulfill the conditions for staking WYVERN tokens.
GOVERNANCE
You have the power to choose Wyvern's future course as a bearer of WYVERN. The introduction of governance will allow holders of WYVERN tokens to cast votes on matters like as the distribution of ecosystem funds, upcoming projects, and the ecosystem's overall strategy.
EXCLUSIVE NFT PURCHASE
Exclusive NFT collections under Wyvern Studios can be purchased using the WYVERN token.
