Token Economy

Token Utility and use-cases

$COPI is the core utility token of the Cornucopias ecosystem. The token will be structured with a max supply.
The COPI Token facilitates the purchase of goods and services on the platform, grants access to governance through single-token staking, unlocks in-game rewards, and provides incentives for liquidity providers, node operators, and token stakers.

Furthermore, the Cornucopias platform, where users can trade NFTs (including those created by the game), accepts $COPI as the exclusive currency for game assets and game related items. Payments can be made directly by the user or through a third-party app like MoonPay to accommodate fiat users.

One of the many features offered by $COPI is its staking mechanism, enabling token stakeholders to participate in governance based on their commitment (token allocation). But that's not all; staking $COPI introduces stakeholders to various utilities and rewards. Let's dive into it.

$COPI Utility

$COPI is the utility token that powers the gaming ecosystem of Cornucopias.
Listed below are some of the utilities.
Note: As our game and ecosystem evolve, so will our token utility.

Official Marketplace Currency: $COPI

• $COPI is the primary currency used within the game marketplace for acquiring assets and in-game items, including:

  • Outfits
  • Tools
  • Weapons
  • Vehicles
  • Properties
  • Tournament passes
  • Other exclusive items

• Sales for items such as node licenses or advertisement space may be available for purchase in currencies other than $COPI.

• While $COPI remains the foundation of our marketplace, select partner tokens (e.g., $SUPER) may be accepted for specific items or special promotions.

Governance

• Community feedback proposals on rewards, gameplay, features, development, and events.
• Voting is exclusively for $COPI stakers (directly or via LP tokens).
• Each token represents one vote.

Rewards

• Achievement-based in-game rewards.
• Rewards for node operators.
• Staking rewards.

Advertising

Advertise in the Cornucopias Game Ad Network.
A B2B subscription service that allows businesses, guilds, and brands to purchase exposure.
Preferential discounts are applied for payments made in $COPI.

$COPI Staking

Staking allows holders to yield $COPI. Incentives are governed by governance proposals, with APY paid from the reward pool.

Three methods of staking:

1. Stake for NFTs - lock $COPI to earn exclusive NFTs (Soulbound Tokens - SBTs).
2. Stake for $COPI - earn additional $COPI depending on amount staked.
3. Stake for Discounts - earn discounts in Marketplace purchases.

Discount Levels

Above discounts are illustrative and subject to change.

Buy Back and Liquidity Provision (BB & LP)

The Buyback and LP strategy merges the key advantages of buyback/burn with liquidity strengthening.
Instead of burning tokens outright, a portion is allocated to liquidity pools.

Example flow:

1. User buys a Cornucopias node license for $300.
2. 10% ($30) is allocated to BB & LP, while $270 funds operations.
3. $15 is used to buy $COPI at market price.
4. $15 is converted to USDC.
5. Both are added to the $COPI/USDC liquidity pool.

Governance

Cornucopias aims to gradually become more decentralized.
Currently, token stakers can vote on governance matters.

• Voting eligibility:

  • Staked $COPI
  • Staked LP tokens
  • (Excludes: unclaimed rewards, vesting tokens, non-staked tokens)

• Voting process:

  • Proposals created on Snapshot → https://snapshot.org/#/
  • Can be Yes/No or Multiple choice.
  • Each vote is non-binding, but helps guide project direction.

Ecosystem Flowchart

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