The Ninja Warriors ecosystem is fueled by two tokens, namely $NWT and $DBUSD. Both tokens serve specific functions within the game and ensure that economic stability and profitability are maintained in the long term.
The Ninja Warriors Token ($NWT)
The Ninja Warriors Token ($NWT) is at the heart of the Ninja Warriors ecosystem and offers the following utilities:
NFTs: The Ninja Warriors NFTs will be traded exclusively in $NWT.
Level-up: To level up a Ninja Warrior NFT, players will have to spend $NWT.
Re-charge: If a Ninja’s vitality depletes, users can either wait for it to regenerate naturally or speed up the process with $NWT.
Micro-transactions: Purchasing weapons and apparel for Ninjas will be carried out in $NWT.
Trading: Anyone looking to gain exposure to the project without playing the game will hold $NWT.
Although the use cases for $NWT are already extensive, we expect more to emerge as the ecosystem expands and the community members bring forward their own proposals.
Distribution Plans
$NWT total supply is capped at nine million tokens to prevent over-issuing leading to inflation. Due to the array utility created by the token and supply cap, $NWT is set to find itself on the profitable side of the supply-demand dynamic. Our distribution plans have been carefully curated with the supply-demand curve in mind.
Pre-ICO
The initial distribution of tokens as part of the Pre-ICO phase will see two Pre-Sale auctions where 5% and then 8% of $NWT is sold, along with a private auction where a further 5% of tokens will be sold. The Ninja Warriors team will receive 22% of the token supply, while advisors will be handed 4%. Once completed, the vesting phase will account for 44% of the total token supply.
Initial Coin Offering (ICO)
The public sale, also known as the ICO, will see 7% of the tokens sold to the open market. This will leave 49% of tokens available, which leaves plenty of space for the project to expand through various distribution mechanisms.
The total lock-up period for private sale/ICO/Presale tokens will be six months, with 5% release every month for 20 months.
Lock-up periods are necessary to guarantee the stability of the $NWT token, as releasing such a large supply onto the market too early on in the project’s lifeline could lead to extreme volatility.
Long-Term Distribution
Following the ICO, public sale, and team member allocation, 49% of tokens will remain available, which will be used to fund and grow the project. Tokens will be used for the P2E and M2E rewards, marketing campaigns, AirDrops, liquidity, staking rewards, advisors, and the CEX reserve.
$DBUSD: The Ninja Warriors Stable Token
Dragon Ball USD ($DBUSD) is a stable token that will always hold its value in relation to USD; having a stable token within the Ninja Warriors ecosystem will make it easier for players, traders, and investors to move funds into NFTs, upgrades, and $NWT. The $DBUSD offers several advantages to Ninja Warriors that wouldn’t be possible without adding a stable token.
Consistent Rewards
By paying P2E rewards in a stable token, we avoid creating a P2E system where players grind for hours only to be rewarded with a worthless token. As market forces will determine the value of $NWT, paying P2E and M2E rewards with a more stable alternative makes sense. Players will always know how much their rewards will be worth and won’t need to try and ‘time’ the market when thinking about selling rewards or putting in hours to earn them.
$DBUSD Bridge
Holding cryptocurrency during periods of volatility isn’t for everyone, and it’s likely to discourage people who previously have had no experience with blockchain gaming. As Ninja Warriors is expected to attract a flood of users who have previously never interacted with cryptocurrencies offering a stable medium of exchange will improve user retention.
Furthermore, the $NWT / $DBUSD pair will allow users to move funds between the two tokens seamlessly and encourage users to store funds in $DBUSD instead of selling $NWT for fiat or other tokens outside of the Ninja Warriors ecosystem.
Crypto-Collateralized
The token will be backed by a reserve of major cryptocurrencies through a similar system to the one used by Dai ($DAI). The total supply is not fixed, as the token will be issued when a player earns $DBUSD by completing a challenge or winning a PvP fight. After a player earns the token a three-month cliff period will begin, and once it's completed, the reward will be sent to their wallet.
As the supply of $DBUSD grows due to demand from players, our crypto reserves will be adjusted. The tokens held as collateral are yet to be confirmed, but they will be major cryptocurrencies with a track record of holding their value in the long term.
