How to Spend $SBC
Competitive Spinroyale battles require $SBC as an entry fee. All entry fees are collected in the prize pool to be distributed. A maximum of 5 Competitive Spinroyale battles can be played per Spinblade per day. Each battle consumes one Ticket. Each Ticket regenerates every 3 hours. Players who don't want to wait can regenerate their Tickets by using $SBC+$BOLT tokens. (Max: 5 Tickets)
All Spinblade NFTs listed on the marketplace can be bought with the $SBC token. However, the prices may vary depending on the stats that NFT has, its rarity, and the average market prices.
Similar to token staking, $SBC tokens staked by $SBC holders are collected in a Reward Pool. All $SBC stakers who qualify as active stakers will get staking rewards. The Staking Rewards Pool will be used to distribute these rewards.
All stakers that qualify can claim rewards at regular 7-day intervals, and they will get an amount of $SBC equivalent to the lowest amount in their Polygon account. The lowest quantity of tokens a user has in their account during the provided reward interval period is used to calculate the number of tokens staked.
To be considered 'actively staking,' a user must have voted on a proposal during the last 30 days and held $SBC within Polygon for the whole 7-day period. If an empty wallet receives $SBC in the middle of a staking rewards interval, it will not be considered a qualified active staker until the next interval where the wallet has held the token for a full 7 days.
As Spinblade parts are obtainable, with the forging system in the game, players can forge the parts they have and create a brand new Spinblade.
To forge a new Spinblade, it is required to have all three parts (Power Ring, Metal Disc, Tip). To start the forging process, players must pay 1,500 $SBC + 15,000 $BOLT and wait 3 days for the process to complete.
As mentioned, Arenas are also ERC-721 type NFTs so they can be bought on the marketplace as well as they can be sold. Just like Spinblades, the prices of arenas in the marketplace vary according to their rarity, players’ choice, and the average market prices.
For players who have a certain amount of $SBC tokens but do not own a Spinblade NFT or want to continue participating in battles with an extra Spinblade, renting is a viable option. Spinblades listed by Spinblade owners can have two different revenue models as mentioned (Revenue-sharing Model and Fixed-Price Model). Renters may choose the most suitable Spinblade for themselves and pay a certain amount of $SBC according to the revenue model of that Spinblade.
Joining public NFT drops is another way of using (spending) $SBC tokens. Players, NFT collectors, or investors will be able to participate in these public NFT drops to own a Spinblade (ERC-721) or Parts (ERC-1155).
As planned in the official Roadmap, there will be three public NFT drops during the stated timeline. The first and second public NFT drops for ERC-721 type NFTs (Spinblades) will take place in Q4 2022. Additionally, the first public NFT drop for ERC-1155 type NFTs (Parts) will take place in Q1 2023.
All $SBC token holders will be able to vote on token-related proposals via decentralized governance. Proposals will include topics such as:
- How to allocate token reserves
- Community & Ecosystem fund distribution
- Changes in $SBC token supply
- Sponsorship or grant recipients
Additional proposal categories can be added using the proper decentralized governance mechanisms. To submit a proposal for voting, a person must own a particular amount of $SBC tokens, which will be determined at a later date. The Foundation has the authority to offer things for voting that are deemed beneficial to the ecosystem as a whole and will act as a facilitator in the curation of suggestions that will be voted on by all $SBC token holders. All successful votes will be carried out as quickly as possible, taking into account commercial and technological implementation constraints. Polygon is used for governance, and wallet balances are obtained throughout the Polygon network.