What is RoOLZ (GODL): Its Utility and Tokenomics
2024-11-04
Bittime - What is RoOLZ (GODL)? Discover a full explanation of the GODL token, its utility, governance, staking, and tokenomics that make up RoOLZ's unique ecosystem.
What is RoOLZ? RoOLZ is a digital ecosystem that utilizes blockchain technology with its utility token, $GODL, to create interactive experiences for fans of anime and digital content.
The GODL token ($GODL) plays an important role in this ecosystem, as it is not only used as a digital currency but also as a means to influence decisions and the future development direction of the RoOLZ platform.
GODL Token Utility
The GODL token is the heart of the RoOLZ ecosystem, offering various utilities to its holders. Here are some of the key benefits to be gained by owning $GODL:
1. Premium Service Access
GODL token holders gain access to exclusive services on RoOLZ, including premium animated content and special NFT drops. By using this token, players can enjoy features and services that are not available to general users, providing added value to token holders.
2. Ecosystem Governance
Holders of $GODL have voting rights in decisions that affect the direction of the RoOLZ ecosystem. By using GODL tokens, holders can participate in voting related to new features, platform upgrades, and anime content to be produced. This gives the community control to determine the future of the platform they support.
3. Staking for Rewards
RoOLZ also supports a staking mechanism that allows token holders to stake their GODL tokens and earn rewards as incentives. Staking not only provides benefits in the form of token rewards but also opens up opportunities to be featured in RoOLZ's animated content or apps, providing more engagement in the ecosystem.
4. In-Game Utility
In the Telegram app and future games developed by RoOLZ, GODL can be used as in-game currency to purchase special items, access premium features, or participate in certain events. This gives the token additional functionality beyond the main platform, allowing for broader interactions.
Also read: What is a Token Generation Event (TGE)? Definition and Benefits
Tokenomics of $GODL
The tokenomics of $GODL is designed to ensure a balanced distribution and support long-term growth. Here are some of the key points in the GODL token distribution:
Total Supply: 800 million GODL tokens
Community Sale: 12% of the total supply at $0.01 per token at the time of TGE (Token Generation Event).
Airdrop Distribution: 13% of the total supply immediately available to NFT holders and other participants at TGE.
Ecosystem and Liquidity: The Ecosystem Fund is allocated 25% to support long-term development, with initial liquidity of 10% upon listing on CEX and DEX exchanges.
Each distribution category follows a different vesting schedule to promote long-term stability of the token. Institutional investors, contributors, and strategic partners also have specific vesting schedules to ensure long-term dedication to the RoOLZ project.
Conclusion
The GODL token ($GODL) is more than just a utility token; it offers the community control over the direction of the RoOLZ platform and various exclusive features such as staking, governance, and premium service access.
With solid tokenomics and strong community support, $GODL is designed to support the growth of RoOLZ and provide extensive participation opportunities for its holders.
If you are interested in getting more involved in the world of RoOLZ, owning GODL can be the right step to gain a unique experience in this dynamic digital ecosystem.
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