Utilities
Last updated
Last updated
PBUX serves as the governing token of Playbux, offering versatile utility within the Playbux ecosystem, including its website and games. With the upcoming launch of the alpha version following listing, PBUX's significance will be further highlighted. Its utility spans across various applications and events, which can be categorized into four key aspects.
Following its launch, PBUX will serve as the central token within the ecosystem. Users will earn PBUX as rewards for utilizing services such as Shop to Earn or Watch to Earn. Subsequently, they can leverage PBUX across various services, including playing games, purchasing in-game assets and NFTs, or compounding them. This circulation of PBUX within the ecosystem aligns with the concept of "With real income, no inflation," ensuring a sustainable economic model.
Many earlier platforms' "Play to Earn" business models simply minted tokens out of thin air, distributed them to users, and attempted to burn them through gameplay. This model is inherently fragile and susceptible to failure without new spending users, ultimately succumbing to inflation. For Playbux, our approach is unique. Before distributing our native cryptocurrency, we prioritize generating revenue.
For instance, in Shop to Earn, users obtain PBUX from cashback received from merchants, which we then distribute among users. Technically, we utilize this revenue to purchase tokens and distribute them to users, ensuring that token prices simply return to the original if sold instantly.
We also generate revenue through various channels such as advertising, affiliate marketing, package sales, zero-sum games, among others. Some services we provide do not directly generate revenue, and in such cases, we reward users with BRK. BRK serves as in-game currency that cannot be exchanged, thereby mitigating inflation concerns.
PBUX can be used to make purchases within the Playbux ecosystem, including game contents, lotto tickets, or NFTs. During the period from the alpha to the open beta phases, the hierarchy of Playbux currency will comprise:
Pebble: The easiest currency to obtain, earned through playing games or participating in in-game events.
Brick or BRK: This is the premium currency, acquired through purchasing packages, granting access to exclusive game content. BRK is a one-way purchase and cannot be converted back into real money.
PBUX: The highest-tier currency, offering users the opportunity to purchase assets with the highest bonuses.
Certain packages or contents may only be purchasable using USD or credit card. However, users can also buy them using PBUX at a discounted rate. In summary, PBUX emerges as the most valuable currency within the ecosystem, providing users with enhanced purchasing power and benefits.
PBUX will serve as the currency for participation in exclusive game contents based on the zero-sum concept. Participants will be required to use PBUX as payment before playing, with all spending PBUX being aggregated into a sizable reward pool. Upon conclusion of the game, after deducting a fee, all accumulated PBUX will be distributed among players according to their rank. This mechanic will also extend to PBUX lotto pools, where users use PBUX as lotto tickets, with the fortunate winners receiving a portion of the pool.
The inaugural PBUX game, "Conquer to Earn," is slated to launch alongside the alpha phase. This strategic war game pits countries against each other, with the top-performing country earning a larger share of PBUX from the pool. Stay tuned for further updates on "Conquer to Earn" and other exciting developments within the PBUX ecosystem.
After the alpha launch, users will have the option to play the game through both the client and website interfaces. When conducting transactions on the website, users will need to pay the usual gas fees through their wallet extensions. However, for transactions within the client, such as claiming NFTs or assets, PBUX must be deposited into the account to serve as gas fees for Web 2.0 transactions. This streamlined process ensures smooth and efficient transactions within the Playbux ecosystem.