$LFG Tokens
Proof of Play Currency on the OWN Platform.
Last updated
Proof of Play Currency on the OWN Platform.
Last updated
Life Gem ($LFG) token will be the “proof of play” currency within One World Nation. It is an ERC-20 token with an infinite supply and a fixed burning mechanism.
Utility of $LFG Token
Breeding a cryptonite cost breeding fees and some $LFG tokens depending on how many times the cryptonite have been bred already. New utilities of the token will be released over time.
Burning Mechanism
$LFG token paid by users in each breeding event will be immediately burnt and put outside circulation. The burning mechanism would be central to the Tokenomics of $LFG, and it would be improved time over time.
How to get $LFG Token
Users on the platform will be able to earn $LFG tokens in raffle rewards. Raffle Tickets can be earned by being active on the platform. Read more about Raffle System here.
In case someday you are not lucky enough to earn the $LFG tokens through raffle rewards, the tokens can also be bought from the platform for 15USDC per token. The platform will sell $LFG tokens in limited quantity daily.
Buy $LFG Token
To buy $LFG tokens from the platform, head to the "My Wallet" section. My wallet can be accessed by clicking on the profile icon on the top right of the navigation bar.
2. With the NFT assets, and other cryptocurrencies, you will be able to see the Game assets in your wallet. $LFG token being a game asset will be shown in the same section.
3. You can choose to perform various actions about the $LFG tokens from the My wallet section.
Check the $LFG balance in your wallet
$LFG balance will be shown in the "Game Assets" Category in your wallet.
Withdraw $LFG in your central wallet
$LFG can be withdrawn from the OWN wallet to your connected central wallet (e.g. Metamask, Trust Wallet). To withdraw the tokens, click on the withdraw button and input the number of $LFG you wish to transfer to the connected wallet. Once you confirm the transfer, $LFG will be moved from the OWN wallet to the connected wallet.
Buy more $LFG in the wallet.
There will be a limited sale of $LFG tokens on the platform at 00.00 UTC every day. $LFG tokens will be sold on a first-come, first basis in the sale. Only 20 Tokens can be bought from 1 OWN wallet every day.
