The token unlock schedule is somewhat aligned with development milestones, such as the staking launch and playtests, but lacks comprehensive details on specific future dates and amounts, which limits its transparency.
The supply management strategy includes a cap on NTx tokens and mechanisms to scale rewards based on player activity, indicating a focus on controlled inflation and long-term sustainability.
Community engagement is emphasized, with token distribution tied to activities like Discord participation and surveys. However, the governance mechanisms for future token unlock schedules are unclear, reducing the level of community governance.
The project shows effort in balancing token distribution through staking and community rewards, but more transparency and detailed governance mechanisms are needed to fully assess its adaptability and competitiveness.
The tokenomics model appears structured but falls short in providing complete transparency and community involvement in governance, which are critical for long-term success in the Web3 gaming ecosystem.
Introduction
Tokenomics and supply management are critical components of any Web3 game, influencing its economic stability, player engagement, and long-term sustainability.
XOCIETY, a hybrid third-person shooter and MMORPG, has implemented a token system that includes staking, rewards, and governance mechanisms.
This report will cover:
The token unlock schedule and its alignment with development milestones.
The mechanisms for supply management and their impact on token value.
Community engagement and governance in token distribution.
Token Unlock Schedule and Development Milestones
XOCIETY's token unlock schedule appears to be closely tied to its development milestones, with specific events such as staking launches and playtests driving token distribution.
[1a][2a]However, the sources do not provide a comprehensive overview of the entire token unlock schedule, including specific dates and amounts for future unlocks.
The staking system, launched on June 3rd, 2024, allows players to earn NTx tokens weekly, with a promotional period offering double rewards from June 9th to June 22nd.
[1a][3a]
Playtests and community engagement activities, such as Discord participation, are also integral to token distribution, with rewards allocated based on player performance and engagement.
[2a][2c]
Supply Management and Token Value
XOCIETY has implemented a cap on the total supply of NTx tokens, with 15 million NTx allocated to various events, holder activities, and staking rewards.
[4a]This cap ensures controlled inflation, but the long-term impact on token value will depend on the game's ability to scale its ecosystem and maintain player engagement.
The NTx tokens are distributed through staking, playtests, and community engagement, with mechanisms in place to scale rewards based on player activity.
[4b][2d]
The conversion of NTx to the game’s native token, $MCT, is set at a fixed percentage, which may help stabilize the token’s value as the game grows.
[4c]
Community Engagement and Governance
XOCIETY emphasizes community involvement in its token distribution, with governance mechanisms allowing players to influence the game’s economic model.
[5a]However, the extent of community influence over future token unlock schedules remains unclear, as detailed governance mechanisms are not explicitly outlined.
Community members can earn Engage Points through participation in Discord activities, which convert into NTx and XCS tokens.
[2d]
The game also encourages player feedback through surveys and community events, suggesting a commitment to incorporating community input into its economic model.
[6a]
Conclusion
XOCIETY's token unlock schedule and supply management strategy demonstrate a structured approach to token distribution, with clear mechanisms for staking, playtests, and community engagement.
However, the lack of detailed information on the overall token unlock schedule and governance mechanisms limits the ability to fully assess the project's transparency and adaptability.
Future developments will be crucial in determining the long-term sustainability and competitiveness of XOCIETY's tokenomics within the Web3 gaming ecosystem.
The staking system and community-driven reward mechanisms are well-planned, but more transparency is needed regarding future token unlocks and governance.
The game's commitment to scaling rewards based on player activity suggests a focus on long-term sustainability, but the impact on token value remains to be seen.
Further details on token supply management and community governance would provide a more comprehensive understanding of XOCIETY's economic model.
