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Utility of WOMBAT
WOMBAT Utility
The Wombat App will allow its users to pay for the Wombat Prime subscription fee, i.e. for any and all existing or future services provided by such app, by using WOMBAT.
If paid with WOMBAT, token holders will be eligible for a 20% discount on any Wombat App fees paid.
Alternatively, WOMBAT holders will be allowed to stake WOMBAT to receive the same benefits as Wombat Prime subscribers (see Wombat App today) as well as many additional benefits. Staked WOMBAT tokens will be released 7 days after getting unstaked.
Womplay (Game Rewards Program) will offer an elaborate VIP model based upon WOMBAT token payments or staking, with multiple VIP tiers to offer tailored benefits to all its user groups. WOMBAT holders will be able to pay a “monthly pass” subscription fee in WOMBAT to reach a particular VIP tier, or they will be allowed to stake an amount of WOMBAT that roughly equals 5x the anticipated yearly subscription fee for each tier.
The following table depicts the VIP tiers, their initial WOMBAT staking requirements and shows some of the benefits included in those VIP tiers upon launch of the VIP program:
VIP Tier | Staking requirement | Wombucks boost | "Wombat Prime" features | Dungeon Master Season Pass* | Free Dungeon Master VIP packs each season | Dungeon Master material boost | Access to Dungeon Master VIP Drop |
|---|---|---|---|---|---|---|---|
1 | 1000 WOMBAT | 10% | No | No | 0 | 2% | No |
2 | 5000 WOMBAT | 25% | Yes | No | 0 | 5% | Yes |
3 | 15000 WOMBAT | 50% | Yes | No | 1 | 10% | Yes |
4 | 50000 WOMBAT | 100% | Yes | No | 2 | 15% | Yes |
5 | 200000 WOMBAT | 150% | Yes | Yes | 4 | 20% | Yes |
*Based upon availabilty of the feature in Dungeon Master.Later benefits for VIPs will include:
- Discounts for products like NFT modifiers paid in Wombucks or WOMBAT
- Exclusive VIP lootboxes
- First-in-line for new games, NFTs, and features
- Access to exclusive VIP challenges and missions
- Free, exclusive, platform cosmetics
- Exclusive NFT drops
- Exclusive shop items
- A visible display of the user’s VIP status in the Wombat app and Wombat Dungeon Master
- NFT Blend recipes available
- Cashback for token swaps or crypto purchases via credit card in the Wombat app
- Cashback for Wombat NFT Marketplace purchases
WOMBAT tokens will allow holders to decide upon certain parameters of the Wombat NFT Marketplace:
- The percentage value of the Wombat Marketplace fee
In addition, WOMBAT holders will be able to vote for certain other development decisions within the Wombat ecosystem, e.g.:
- Which public blockchain networks to integrate with
- Which games to highlight
- Community game rankings
The weights used for the calculation of user-based rankings will generally depend on the number of tokens staked by the respective user.
All of the Marketplace Fees generated by the Company on the Wombat NFT Marketplace (but not the Collection Fees) less taxes and third party participations, if any, will be allocated to the so-called Community Pool.
Proposals on what should be done with the proceeds of the Community Pool can be submitted by the community, and WOMBAT holders will be entitled to vote on which proposals should receive funding.