sGENE In-Game

A key component of our staking architecture is the ability to withdraw locked GENE Token rewards as sGENE to use in-game. Synthetic GENE, or sGENE, is for the sole purpose of in-game use, and cannot be swapped for GENE or listed on exchanges. After sGENE is used, it is burned. It doesn’t affect the total supply of GENE and can’t be swapped back for GENE after a staker chooses to withdraw it as a reward for staking.
We believe this is critical to consider in all GameFi projects in order to simultaneously reward staking while maintaining the clear utility of governance tokens being used in the game.
Last modified 6mo ago