The base token of Avaxtars is $AVXT and its hard cap is one million (1,000,000 $AVXT). Only 200,000 $AVXT have been minted so far and the rest will be minted as needed / produced by the game players.
There has been no seed, private or public sale of $AVXT and no portion of the supply has been reserved for the team.
Initially $AVXT has been distributed / airdropped to early AVAXTARS NFT holders and some through social media airdrop. Currently the only way to earn $AVXT is by using PAGM (Personal Avaxtar Generation Machine) devices. Players place 2 Generation 1 (Gen1) Avaxtars into a PAGM for Avaxtar Farming process to generate Generation 2 (Gen2) Avaxtar. The success rate and duration depends on the rarity of the Gen1 Avaxtars. If a PAGM device achieves a successful result by using two Gen1s, it generates a new Gen2 Avaxtar with some $AVXT tokens as a bonus. Players may currently also open Gen 1 Avaxtars’ boxes to receive $AVXT (varying from 4 to 10 $AVXT), but majority of the boxes have already been claimed and opened. Only 41,532 $AVXT remains to be earned from unclaimed / unopened boxes.
Currently $AVXT can be spent on acquiring a PAGM device and speeding up PAGM processes. In addition, boxes obtained with the BoxDrop feature within the game as well as Gen2 Avaxtars created by PAGMs can be bought and sold with $AVXT in our marketplace.
All the $AVXTs spent in-game and 5 percent of $AVXTs spent in the marketplace go back to the game reward pool to be earned by the players in the future.
Approximately 190 $AVXT is distributed to game wallets per day on average as a result of PAGM processes and 45 $AVXT is returned to the game pool from players’ consumption. Therefore $AVXT circulating supply increases about 190 Daily or by 0,15%. We have the power to control the $AVXT reward distribution so we can manage the $AVXT supply making sure that max supply is reached over a long period of time.
In summary, current circulating supply of $AVXT is 94,000. Snowtrace shows the total supply as 200,000 as a total of 200,000 has initially been minted. The first wallet (~105,000) is the token contract which is the game pool / wallet. This includes the reward pool waiting to be distributed to players over time (~75,000) plus $AVXT held in the players’ ingame wallets (~30,000). The second wallet (~18,000) belongs to MEXC as $AVXT is listed there. The third wallet (~8,500) is the contract for the Pangolin AVAX-AVXT pool.
For other tokens and their utilities, please check “Avaxtars Tokens Explained” in Medium.
About Avaxtars
Avaxtars is a browser-based blockchain game which is using NFTs as game assets and has its own Tokenomics. Avaxtars, was launched on March 31, 2021 and continues to grow by creating a large community.
