BUGSY World Society Economy
Last updated
Last updated
BUGSY World is a Metaverse with 77.777 Digital Lots, grouped in 347 neighborhoods allocated to 6 regions. In the seventh region, House of Overland – the world largest Private Club, having 777.777 Digital Spaces. Both BUGSY Digital Lots and Spaces, can be merged / split based on ownership rights, but never will be more units than the maximum mentioned. Each region and member neighborhood will have a predetermined theme, and implicitly a limited number of dedicated NFTs will be available for trading in specified areas.
BUGSY World is the home of maximum 77.777 Digital Experience Traders (Metaverse Businesses) that are part of the same economy, where the only currency available is $BWS, in a limited supply of 7.777.777.777 Tokens. As a true DAO, with a certain pace BUGSY World evolution will be carefully supervised and decided by our community, in order to ensure predictability and transparence. The entire ecosystem economics is structured based on the maximum potential business volume (MPBV).
With an innovative approach, which does not require token burning in order to generate a better demand/offer ratio, BUGSY World Rules ensure healthy economy with positive evolution sustainable mechanisms.
Offer pressure focused mechanism:
■ Token Governance Correlation Formula (TGCF), which will ensure that the number of Tokens available for sale (that have been released from vesting contracts or have been naturally purchased) are proportional with number of Digital Lots and Spaces available for sale (that have been released from BUGSY World Society ownership or are listed for sale). The TGCF can be smartly enforced, because BUGSY Treasury will always accumulate tokens via EGMs rentals, Enterprise Services and shared revenues from Game Fees and Bets and core NFTs trading
Demand pressure focused mechanisms:
■ Liquidity Mining based Rewarding Warranties (LMRW), which will ensure that all promoted rewards are backed by real and existing funds. These funds can be provided by Digital Experience Traders (Metaverse Business owners) or by community, which can provide the required liquidity in exchange for different rewarding models (all opportunities will equally visible to entire community in Liquidity Mining Marketplace)
■ NFT Trading, enforces all transactions inside BUGSY World will be executed exclusively based on $BWS Token. All Digital Lands, Digital Lots, 3D buildings, decorations, avatar items, Electronic Gaming and Gambling devices, are in fact NFTs minted on Solana, and the ownership information (and related transactions) is stored on-chain.
■ Game Fees and Bets paid effectively using BUGSY Chips having different base currencies to ensure regulatory compliance of live games. BUGSY Chips are available to be purchased using $BWS Tokens too.
■ Enterprise In-Game Services available for Digital Experience Traders / Creators, like Metaverse Advertising, Metaverse Analytics, will be rendered and made available via BUGSY World Enterprise Services Network
■ Community, Team and Network (Referral) Rewarding Programs are based exclusively on $BWS tokens, which are available for distribution to community and/or team members, exclusively when specific conditions are met and released in a precise timed manner (based on type, volume and frequency)
This approach with so many continuous demand pressure mechanisms and a tight TGCF create the perfect framework for healthy growth of demand/offer ratio.
This is how BUGSY World Society brings another innovation into Blockchain world, empowering enthusiast community with more opportunities to earn tokens while playing and exploring the Metaverse.