$RAID Token (ON-CHAIN)
The glorious ‘Raids’ are the greatest impact of Viking Warriors throughout history.
RAID Token(ticker symbol $RAID) is a digital fungible token with ERC-20 standard on 0xPolygon network, possessing utility functions and attributed governance ability in the ValhallaVerse ecosystem. Therefore, $RAID is a utility token with governance applications that will provide increasing decision-making ability over the ecosystem and the products. $RAID is designed to be used as an interoperable utility token that will enable distributing control to players, asset owners, and other stakeholders of the ValhallaVerse ecosystem.
$RAID does not represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise, or undertaking, other than the right to use $RAID as a means to increase the interaction within ValhallaVerse and usage of it.
$RAID will also be providing economic incentives which will be distributed to encourage players and holders to contribute and participate in the ValhallaVerse ecosystem, thereby creating a mutually beneficial system. $RAID is going to be an indispensable part of ValhallaVerse because, without $RAID, there would be no incentive for players to expend resources to participate in activities or game modes for the benefit of the entire ecosystem. Considering that $RAID will be awarded to players based on the ranking/leaderboard outcome on a seasonal basis, members of ValhallaVerse and/or holders of $RAID who don’t actively participate will not receive $RAID incentives.
EARN
Stake & Pool Rewards.
Participating in seasonal leagues and achieving a certain ranking on the leaderboard will allow users to earn $RAID.
There will be special events like ‘Grand Tournaments’ or exclusive physical events organized by ValhallaVerse which allows $RAID to be earned by the participants.
UTILITY
Users would receive $RAID rewards by joining staking pools for a certain period of time.
$RAID holders will be eligible to join raffles for a chance to win a whitelist spot of ValhallaVerse’s upcoming NFT collections.
Renting King NFTs for instant boosts or for being eligible for real Play-and-Earn features.
Getting entry pass to Grand Tournaments.
Purchasing blueprints of Ship NFTs.
To create decentralized on-chain governance and to vote on proposals to determine future features and/or parameters of ValhallaVerse.
Note: The right to vote is restricted on specific features of ValhallaVerse; $RAID holders are not entitled to vote on the operation and management of the Company or its affiliates, and the arrangement of governance does not constitute any equity interest in any form of joint venture or partnership.
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