The native cryptographically-secured fungible protocol token of Wrath of Conquerors: Hegemony (ticker symbol WCH) is a transferable representation of attributed governance and utility functions specified in the protocol/code of Wrath of Conquerors: Hegemony, and which is designed to be used solely as an interoperable utility token thereon.
WCH is a functional multi-utility token which will be used as the medium of exchange between participants on Wrath of Conquerors: Hegemony in a decentralised manner. The goal of introducing WCH is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Wrath of Conquerors: Hegemony without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. WCH does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will WCH entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. WCH may only be utilised on Wrath of Conquerors: Hegemony, and ownership of WCH carries no rights, express or implied, other than the right to use WCH as a means to enable usage of and interaction within Wrath of Conquerors: Hegemony. The secondary market pricing of WCH is not dependent on the effort of the WCH team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
Further, WCH provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Wrath of Conquerors: Hegemony, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. WCH is an integral and indispensable part of Wrath of Conquerors: Hegemony, because without WCH, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Wrath of Conquerors: Hegemony. Given that additional WCH will be awarded to a user based only on its actual usage, activity and efforts made on Wrath of Conquerors: Hegemony and/or proportionate to the frequency and volume of transactions, users of Wrath of Conquerors: Hegemony and/or holders of WCH which did not actively participate will not receive any WCH incentives.
Total supply: 500,000,000,000
Initial liquidity: 8%
Seed round: 5%
Institutional Round: 7.5%
Team and development: 15%
Marketing purpose: 10%
Ecosystem and Incentives: 53.5%
As the governance token of Wrath of Conquerors: Hegemony, WCH would allow holders to propose and vote on governance proposals to determine future features and/or parameters of Wrath of Conquerors: Hegemony (for example, development direction and game features). The right to vote is restricted solely to voting on features of Wrath of Conquerors: Hegemony; it does not entitle WCH holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, nor does WCH constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership.
As the native platform currency, WCH tokens will be required to perform certain key operations in the game, such as, initiate a battle, mint scarce equipment, purchase NFT treasury chests or NFTs in the marketplace, and create top-level copies of NFTs.
Users may also earn WCH token incentives by playing the game (i.e. play to earn) and participating in events organised by the official platform.
Further, as a network effect, users may keep their WCH in their wallet and utilise it for spending with any third party, merchant or service provider un-related to the platform that is willing to accept these WCH as the settlement currency for the transaction.
Part of the WCH paid by the players to purchase NFT treasury chests from the official platform will be locked up, and/or set aside for ecosystem construction of the game.
Out of the 5% transaction fee in the NFT market, 3% will be locked up in the pool for ecosystem construction of the game.
Along with the booming metaverse ecosystem, there will be more utilities for WCH, where WCH will need to be staked by players in order to obtain access to certain exclusive game