RUNx Token Economy

How the RUNx Token Works

RUNx value from game economy

• Buy-backs - 40% of value earned from in-app fees are used to market buy, helping price for our community members

• Burns - governance can vote to burn up to 35% of bought back tokens

• Staking Rewards - up to 50% of market bought tokens are distributed to stakers

• Locks - Staked tokens require a 14-day cooldown for exiting, and bypassing this cooldown carries a 10% fee on the principal stake

• Liquidity Incentives - LP tokens get a 50% higher weight in staking rewards

RUNx value from DApp

• Staking - staking tokens and LP tokens unlocks certain RUNNER and Avatar skins. Avatars are visible on the leader board, to friends, and on the public map

• Discounts - 3.25% royalty fee is charged on the trades of game NFTs, i.e. skins. This fee is discounted to 2.25% if the player is staking a minimum amount of game tokens

• Buy-backs - 40% of NFT trading fees are bought back on the market, which the DAO may vote to burn

• Staking Yield - Up to 50% of NFT trading fees are available as staking rewards

Burning Mechanics

• Burn RUNx to level up your KICKs

• Burn RUNx to upgrade Gemstones to Epic or above.

• Burn RUNx to re-distribute Attribute points

• Burn RUNx to permanently increase STEPx daily income potential

• Burn RUNx to permanently improve success rate of ALL Gemstone upgrade

• Burn RUNx to permanently improve the chance to receive higher quality KICKs from opening Loot Boxes

• Burn RUNx to permanently improve the chance to receive TWO KICKs from Shoe-Minting