Technical Token features
Token setup
TIMS is the core utility token of the TimeShufle platform. The token will be structured as a fixed supply token. The core functions of the token are:
Purchase of NFTs and other items on the platform
Staking
Rewards distribution for:
Token stakers
Liquidity providers
Governance participants
Governance
Core business model
TimeShuffle is a Play-to-Earn web-based RPG game set in a multidimensional time-traveling universe. Focused on multiplayer and PvP engagement, TimeShuffle offers a unique approach to creating NFTs, allowing players to battle and win each other's most valuable characters without buying them and steers the game’s dynamic towards the winning side (faction). Moreover, players can breed and merge characters creating unpredictable heroes. Players can sell them as NFTs on TimeShufle’s marketplace.
The platform will collect fees for all purchases.
Token sale
The token sale will be structured as an IGO (Initial Game Offering) aimed at the Private Investors at different price rates with the following stages:
Seed sale
Private sale
Public sale
Payments
$TIMS
The native TIMS token can be used as a payment method on the platform in order to purchase NFTs.TIMS is the core method of purchasing NFTs on the platform.
$GOLD
The secondary token of the platform is used as the in-game currency - rewards given after completing a battle/mission. Players will be able to purchase some NFTs (on occasional rare events) and items with $GOLD on the Marketplace. In addition, it can also be utilized for: Upgrade hero, DNAshuffle (breed fee), Unlock Mystery NFT.
NFTs
NFTs are an essential part of the TimeShuffle platform. Every main asset in the game is a unique NFT that evolves as players progress in the game. There are different types of NFTs like Hero Camps, Hero characters, items and Collectibles, DNAshuffler Unit (a device which breeds the Heroes and makes one supercharged hero from two same Heroes), Mystery NFT.
Marketplace
Platform’s marketplace will enable players to:
Buy & Sell TIMS token for Crypto
Buy & Sell NFT for TIMS, Swap NFT & NFT Lending
Ability to purchase some NFTs and items with $GOLD
Staking
There will be two types of staking on the platform: Stake to fight and Stake to earn.
--> Stake to fight. Staking is required for participation in different modes of battles on the platform. Different types ( TIMS, $GOLD, or NFT) and number of tokens could be staked depending on the battle type the player wants to take part in.
In order to gain access to different types of battles, a user needs to stake certain assets in the form of tokens or NFTs:
Friendly - no staking required
Casual - $GOLD tokens have to be staked, winner takes all the staked tokens after the protocol takes a cut.
Heroic - TIMS tokens have to be staked, winner takes all the staked tokens after the protocol takes a cut + $GOLD tokens as a reward for both players.
Level God/Ultra Heroic - The NFTs have to be staked. The winner takes his opponent’s NFT + TIMS and $GOLD tokens as a reward for both players.
Stake to earn. Players will be able to lock up their tokens to receive variable yields based on the staked amount.
Rewards
The platform will distribute rewards to users who perform the following actions:
Stake the TIMS token
Provide liquidity for the TIMS/USDC pair on AMM and stake the resulting LP tokens
Participate in system governance
The rewards will be distributed from a fixed supply reward pool. The rewards will be distributed daily and based on the pool’s outstanding tokens. For example, 0.10% of the outstanding tokens in the pool would be distributed on a daily basis between all groups of people eligible for rewards (the exact percentage allocation, to be determined later).
The above setup means that:
The reward pool can never be depleted since the rewards are always distributed as a percentage of the outstanding tokens in the pool.
The rewards get less and less over time (Bitcoin style), but the net USD value of the rewards might increase in case the price of the TIMS token increases.
This rewards mechanism provides capped inflation and is compatible with fixed supply tokens (as opposed to perpetual inflation)
The rewards distribution will look like this (as cumulative % of all tokens in the reward pool):
Buyback & Burn
Buyback and burn have been a very successful and popular mechanic in the crypto space, which has historically helped token price appreciation and kept the tokens scarce. The platform will dedicate 10% of all fees collected to a burn program. This means that the TIMS token will have a constantly decreasing supply, with the rate of decrease being proportional to 10% of the platform’s revenue.
Governance
The platform governance will be facilitated by staking the TIMS token in the governance contract of the platform. Staking for longer duration yields more voting power. Voting power will be determined by the formula:
Where:
VP is voting power
TS is the number of staked tokens
M is a multiplier based on staking duration
The multiplier M is to be determined during the complete tokenomics modeling, but its general form will look like this (based on stake duration in weeks):
The platforms governance will have three distinct stages:
Early days - during this period, the team is in complete control of the project, and no voting is done. This is because there will be bugs and events which require immediate hotfixes, and this cannot be done democratically.
Semi-decentralisation - during this period, the team is still in complete control of the project and can deploy hotfixes same as above, but for the non-urgent decision, it can take community input via a forum or even via off-chain voting like a snapshot - https://snapshot.page/#/
Complete decentralization - during this stage, the project is fully decentralized, and all decisions are made via a strict procedure, and all voting is done on-chain. The process is detailed below:
During Stage 3, the platform’s governance rules will be based on state-of-the-art governance systems such as UniSwap or Compound.
Profit & Loss
TBA
Token Valuation
The token valuation will be performed using the Quantity Theory of Money and the Equation of Exchange, which is generally used for currency-like assets which are not productive.
--> To be explained further
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