Utility of WOMBAT
Last updated
Last updated
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.
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:
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
What should happen with the fees that have been collected in the community pools
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.
