At the heart of the Stadium Heroes economy is the $SHCOIN, which is used for all transactions within the game. It can initially be used for NFT purchases, incentivization and utility in the game enhancements. Stadium Heroes will have several more use cases that will expand over time.
Players can earn $SHCOIN by participating in competitions, trading NFTs, and completing other in-game activities. $SHCOIN can then be used to purchase new coaches, players, and items, participate in competitions, and more.
- $SHCOIN is the only internal utility currency supported on Stadium Heroes. Its primary use is to acquire internal items sold by other players or to buy specific items that enhance the game experience. Another pivotal use of $SHCOIN is to mint NFT assets won in competitions. These assets, once won, are not instantly minted on the blockchain. To mint these digital assets, a certain amount of $SHCOIN will be required, functioning as a "burning mechanism". This action will trigger the minting process, and the resulting NFT asset will be directed straight to your linked wallet. Once an asset is minted, it becomes tradable on the secondary market or can be sold on various external marketplaces of user choice.
"Proof of Play": The only way to "mint" $SHCOIN tokens is to play in game competitions.
At the end of a competition, the TOP x% of players will be rewarded with $SHCOIN tokens. The number of tokens shared will depend on the competition.
Burn mechanisms are in place to regulate the token economy. Whenever a user makes a purchase on the marketplace using tokens, 10% of the tokens used in the transaction are automatically burnt. Mint items and coaches also will require the use of tokens, which are similarly subjected to burn mechanisms upon use. Furthermore, during duels game mode, 10% of the stake is also burnt, adding another layer of burn mechanisms to the game.
These burn mechanisms serve to manage the token supply and ensure that the token economy remains stable and sustainable over time.