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  • 📋CORNUCOPIAS
  • 🎮GAMEPLAY
    • About the game
      • Artwork
      • Cornucopias Game World
      • Cornucopias Land
      • Play-and-Earn
      • Build-and-Earn
      • Learn-and-Earn
      • Stake-and-Earn
        • Stake-and-Earn - Token Staking
        • Stake-and-Earn - Properties
        • NFT Staking
      • Host-and-Earn
      • $COPI Tokenomics
        • Token Economy
          • Reward Distribution
            • In-game Rewards
        • Token Metrics
        • Business Model
      • 🛣️Road Map
    • Gameplay - PC
      • The Origin Story
      • User Interface
        • Avatar Creator
        • Avatar Needs System
        • Crafting
        • Inventory
        • Saving Location
      • Clothing
      • Cloud Gates
      • Custom Domes
        • Custom Dome - Standard Templates
          • Custom Dome Template - Project/Company HQ
          • Custom Dome Template - Nightclub Experience
          • Custom Dome Template - Theatre/Stage - Live Audience Experience
          • Custom Dome Template - Festival Experience
          • Custom Dome Template - NFT Art Gallery Experience
          • Custom Dome Template - Global Expo Events
          • Custom Dome Template - Business Meetings
          • Custom Dome Template - Educational Centers
        • Custom Dome - Game Templates - PVP
          • Racing - Bubblejett & Javelin
        • Custom Dome - Building Kits & Gameplay Kits
        • Custom Dome - Community Built Asset Marketplace
        • Custom Dome - Motion Capture/Custom Avatars
        • Custom Dome - Rent out your Space
        • Custom Dome - Size your Event
        • Custom Dome - Tickets and Merchandise
        • Custom Dome - Green Screen
        • Mega Domes
      • Equipment
        • Armor
        • Melee Weapons
        • Ranged Weapons
        • Swords
        • Tools
      • Friends List
      • Guilds
      • Quest and challenges
      • Resources
        • Wood
        • Metal
        • Rock
        • Plants
        • Crops
        • Livestock
        • Fish
      • Seasons
    • Non-Player Characters
      • NPC - Abigale Nelson
      • NPC - Alfonso "Carl" Rosso
      • NPC - Clyde the Horse
      • NPC - Farmer Joe
      • NPC - The Old Guard (OG)
    • Themed Zones
      • Sectors
        • Zone 1 - Solace
        • Zone 2 - Esperanza
        • Zone 3 - Fortune
        • Land Sector - Districts
          • District - Land Plots
            • Land Plot - Influence Sphere
            • Land Plot - Property Rentals
              • Property Rentals - Farmhouse
              • Property Rentals - Hotels
            • Land Plot - Utility
              • Buildings, Utility & Vehicles
                • Building Maintenance
              • Land Plot - Farming
                • Farming - Animals
                • Farming - Crops
          • District - Leagues and Leader board
          • District - Merchants
          • District - Season Evolution
          • District - Town Hall
          • District - Workshops
            • Tailors
            • Blacksmith
            • Carpenter
            • Brickworks
            • Kitchen
            • Metalworks
            • Tannery
      • Transport
        • Flying Vehicles
          • Flying Vehicle - Fuel
          • Flying Vehicle - Renting
        • Public Transport
    • Mega Dome - Calido Valley
      • Calido Valley Resort
        • Calido Valley Pavilion
        • Calido Valley Raceway
      • Calido City
    • Gameplay - eSports Cornucopias Racing League
    • Gameplay - Mobile
    • Game Launcher
    • City - Life
    • Community
      • Blog
      • COPICafe
        • COPICafe - Latest Episodes
        • COPICafe - Episodes 110 - 119
        • COPICafe - Episode 100 - 109
        • COPICafe - Episodes 90 - 99
        • COPICafe - Episodes 80 - 89
        • COPICafe - Episodes 70 - 79
        • COPICafe - Episodes 60 - 69
        • COPICafe - Episodes 50 - 59
        • COPICafe - Episodes 40 - 49
        • COPICafe - Episodes 30 - 39
        • COPICafe - Episodes 20 - 29
        • COPICafe - Episodes 10 - 19
        • COPICafe - Episodes 1 - 9
        • Cornucopias Universe
          • Short Recap of COPICafe Latest Episodes
          • Short Recap of COPICafe Episodes 110 - 119
          • Short Recap of COPICafe Episodes 100 - 109
          • Short Recap of COPICafe 90 - 99
          • Short Recap of COPICafe 80 - 89
          • Short Recap of COPICafe 70 - 79
          • Short Recap of COPICafe 60 - 68
          • Short Recap of COPICafe 50 - 56
        • COPICafe Video to Text Summaries
          • Episode 126 - Huge Miner Update
          • Episode 125 - Rift Awakening
          • Episode 124 -Dig. Decorate. Dominate
          • Episode 123 -Welcome to the Gun Show
          • Episode 122 -Pet Friendly
          • Episode 121 -Alpha Drop
          • Episode 120 -A Night at the Museum
          • Episode 119 -Crafting Gameplay
          • Episode 118 - Guns N' Ammo
          • Episode 117 - Unreal 5.5.1 Upgrade
          • Episode 116 - Happy New Year
          • Episode 115 - Aero Trails
          • Episode 114 - Copiboar
          • Episode 113 - Happy Thanksgiving
          • Episode 112 - Super Nodes
          • Episode 111 - Size Matters
          • Episode 110 - Rocket Man
          • Episode 109 - A Glimpse of Fear
          • Episode 108 - Quantum Jen
          • Episode 107 - The Game Economist
          • Episode 106 - Limited Edition
          • Episode 105 - Scrapyard Special
          • Episode 104 - Creative Fast Track
          • Episode 103 - Retail is Coming
          • Episode 102 - Enter the Multiverse
          • Episode 101 - Wingman
          • Episode 100 - RareEvo Centenary Special
          • Episode 99 - Next Stop... Solace!
          • Episode 98 - DEcentralized GAming
          • Episode 97 - Ready Player Corn
          • Episode 96 - Quantum Leak!
          • Episode 95 - Sink Holes!
          • Episode 94 - Live Nodes!
          • Episode 93 - Consensus 2024 Special
          • Episode 92 - Taking the Lead
          • Episode 91 - Solace Revealed
          • Episode 90 - Node Mastermind
      • COPI Q-Wiki
      • COPILeaks
      • COPIShop
      • COPIWatch
      • COPIWiki
      • Discord
        • Corn Points
      • Dev Shorts
      • Social Media
      • Video Specials
        • Live Streams
      • Status Updates
        • Status Updates - 2024
          • January 2024
        • Status Updates - 2023
          • December 2023
          • November 2023
          • October 2023
          • September 2023
          • August 2023
          • July 2023
          • June 2023
          • May 2023
          • April 2023
          • March 2023
          • February 2023
          • January 2023
        • Status Updates - 2022
          • December 2022
          • November 2022
            • Cardano Summit 2022
            • Crypto A.M. Summit and Awards 2022
          • October 2022
            • cNFTCon 2022
            • RareBloom 2022
            • Web3Expo 2022
          • September 2022
          • August 2022
          • July 2022
          • June 2022
            • Consensus 2022
            • Manchester Workshops 2022
          • May 2022
          • April 2022
          • March 2022
  • 🌐BLOCKCHAIN
    • Blockchain Wallet
    • Cardano World
    • COPI Stake Pool
    • COPIC Stake Pool
    • Cornucopias Token - $COPI
      • Cryptocurrency Exchanges
        • CEX - Centralized Exchange
          • Gate.io
        • DEX - Decentralized Exchange
          • Minswap
          • PancakeSwap
          • TokensFarm
          • VyFinance
          • Uniswap
    • Marketplace
      • Cross Chain NFTs
    • NFTs
      • NFT - Apparel
        • Cheeky Racer Suit
        • Quantum Jack Helmet
        • Burger Barn Deluxe #1 Hat
      • NFT - Bobblehead Series
      • NFT - Custom Domes
      • NFT - File Node Access Key
      • NFT - Flying Vehicles
        • Atmos
          • Atmos Juggernaut 2024
        • Bubblejett
          • Bubblejett Bonanza OG Custom 2023
          • Bubblejett Sprinter 2022
          • Bubblejett Sprinter OG Custom 2022
          • Bubblejett Super Phantom 2024
        • Core Dynamics
          • Core Dynamics Astro IV
        • Genesis
        • GTi
          • GTi Javelin 2022
          • $1m NFT Giveaway
        • Spirra
        • Valkyrie
          • Valkyrie F9-R
        • Valley Raceworx
          • Valley Raceworx T1
          • Valley Raceworx T3
        • Rando's Metalworks - Vehicles
          • Rando's Metalworks Sunset Speeder 2024
      • NFT - NFT2Tree Series
        • NFT2Tree Series 1
        • NFT2Tree Series 2
        • NFT2Tree Series 3
      • NFT - Packs
        • Blackhorn
          • Blackhorn - Tactical Outlander Desert Backpack
          • Blackhorn - Tactical Outlander Woodland Backpack
          • Blackhorn - Tactical Overlander Backpack
          • Luna Di Lusso - Selene Backpack
        • Corn Cutties
          • Corn Cutties - Grizzly Brown Brawler Backpack
          • Corn Cutties - Grizzly Purple Fury Backpack
          • Corn Cutties - Orange Prowler Backpack
        • Kargo Outfitters
          • Kargo Outfitters - Titan XL Backpack
        • Zero G
          • Zero G - Stratos Jetpack
          • Zero G - Stratos Solace Explorer Special Edition Jetpack
        • Rando's Metalworks - Jetpacks
          • Rando's Metalworks - Junkerjet Jetpack
        • GTi - Jetpacks
          • GTi - Rampage 2XS OG Custom Jetpack
      • NFT - Themed Zones 1-3
        • NFT - Seasonal Tenant Key
      • NFT - Weapons
        • Rando's Metalworks - Weapons
          • Rando's Metalworks - Meat Grinder
  • 🧑‍🤝‍🧑THE COMPANY
    • COMPLIANCE
      • LEGALS
      • COPIWiki - Language and Dictionaries
      • Players Safety
    • Founders
    • Governance
    • Partners
      • Partner Network
      • Partners - Blockchain
        • Blockchain Wallets
          • GeroWallet
        • Dega
        • DripDropz
        • Grow Your Stake
        • Influencers
          • Cardano Chats
          • Cheeky Crypto
          • Crypto Crow
        • Launchpads
      • Partners - Learn-and-Earn
        • European Business University (EBU)
      • Partners - Metaverse
        • Netwrk
        • Veritree
      • Partners - Strategic / Technology
        • ChainPort
        • Cudos
        • Derp Birds
        • Singularity
        • Tingo
    • Technology
      • Agile Methodology
      • APIs
      • COPI Nodes
        • COPI File Node
        • COPI Game Node
        • COPI Data Node
      • Cross Chain Technology
        • BASE Chain
        • Cardano Blockchain
      • Game Devices
        • PC Desktop
          • Public Testing
        • Mobile Phone Devices
        • Mobile Tablet Devices
        • Games Consoles
        • Smart TV
      • Microsoft .Net Framework
      • Unreal Engine 5 (UE5)
    • Visions and Values
  • 📖Documentation
    • Nodes
      • Guide: How to Set Up a File Node Pool
        • Introduction
        • Pool Server Setup
        • Updating and Verifying Pool Server
        • Managing Pool Server
        • Node Rewards
        • Public Pools
      • Public Pools Dashboard
  • 🔗LINKS
    • Cornucopias Link Tree
    • Cornucopias Website
Powered by GitBook
On this page
  • $COPI Utility
  • $COPI staking
  • Buy Back and Liquidity Provision (BB & LP)
  • Governance
  • Ecosystem Flowchart
  1. GAMEPLAY
  2. About the game
  3. $COPI Tokenomics

Token Economy

Token Utility and use-cases

$COPI is the core utility token of the Cornucopias ecosystem. The token will be structured with a max supply. The COPI Token facilitates the purchase of goods and services on the platform, grants access to governance through single-token staking, unlocks in-game rewards, and provides incentives for liquidity providers, node operators, and token stakers. Furthermore, the Cornucopias platform, where users can trade NFTs (including those created by the game), accepts $COPI as the exclusive currency for game assets and game related items. Payments can be made directly by the user or through a third-party app like MoonPay to accommodate fiat users.

One of the many features offered by $COPI is its staking mechanism, enabling token stakeholders to participate in governance based on their commitment (token allocation). But that's not all; staking $COPI introduces stakeholders to various utilities and rewards. Let's dive into it.

$COPI Utility

$COPI is the utility token that powers the gaming ecosystem of Cornucopias. Listed below are some of the utilities. It should be noted that as our game and ecosystem evolve, so will our token utility.

  1. Official Marketplace Currency: $COPI

    • $COPI is the primary currency used within the game marketplace for acquiring game assets and in-game items, including:

      • Outfits

      • Tools

      • Weapons

      • Vehicles

      • Properties

      • Tournament passes

      • Other exclusive game items

    • Sales for items such as node licenses or advertisement space may be available for purchase in currencies other than $COPI

    • While $COPI remains the foundation of our marketplace, select partner tokens (e.g. $SUPER) may be accepted for specific items or special promotions. Over time, these payments will be integrated into a broader system designed to reinforce $COPI’s role within the ecosystem.

  2. Governance

    • Various feedback proposals will be shared with the community on topics such as rewards, gameplay, features, development, events, and much more.

    • Voting is exclusively for $COPI stakers (directly or via LP token), where each token represents one vote. These contributions are crucial for steering the project's direction and fulfilling the long-term vision at Cornucopias.

  3. Rewards

    • Achievement based rewards for players in-game

    • Node operators

    • Staking

  4. Advertise in the Cornucopias Game Ad Network

    • This is a B2B subscription service that allows businesses, guilds, and in-game brands to leverage our network for advertising exposure.

    • Ads can be acquired on a seasonal basis, and we offer a preferential discount for payments made in $COPI, enhancing value for our partners who choose to use this currency.

$COPI staking

Staking is a popular distribution mechanism that allows holders to yield $COPI. All incentives will be influenced through governance, with the Annual Percentage Yield (APY) achieved through interest on the stake paid out in $COPI distributed from the dedicated reward pool.

The platform will provide three staking methods:

  1. Staking for NFTs entails locking up a designated amount of $COPI tokens for a specific period to earn exclusive NFTs. These NFTs are non-tradable (Soulbound Tokens - SBTs) on the Marketplace and can solely be acquired through staking. The exact staking criteria, such as the quantity and duration, will be customized for each event and decided on a case-by-case basis.

  2. Players have the option to Stake for $COPI and yield $COPI depending on the amount staked. Earnings are distributed from the Rewards pool.

  3. Stake for discounts when purchasing items available for sale on the Marketplace. Staking the $COPI token for a set period (e.g., 1 month) is necessary, and unstaking is not permitted during this time. The discount percentage is based on the amount of $COPI tokens staked, as shown in the example below:

Level
Minimum tokens to stake
Discount at purchase

1

19,200+

5%

2

96,000+

10%

3

384,000+

15%

4

1,152,000+

20%

*Above discounts are for illustrative purposes only, and are subject to change

Buy Back and Liquidity Provision (BB & LP)

The Buyback and LP strategy merges the key advantages of both buyback and burn methods with the enhanced value of increased liquidity through buyback and liquidity provision. Rather than burning tokens, they are initially used to provide liquidity for the token on one of its primary pools ($COPI/USDC used for example). This approach combines the benefits of reducing the token supply with enhancing liquidity for the token.

Here is how this works in practice (example):

  1. User A joins the platform, where players buy a license to operate a public Cornucopias node for $300.

  2. 10% of the license fee ($30) is allocated for buyback and liquidity provision (BB & LP), while the remaining $270 goes towards funding the platform's operations.

  3. Out of the $30, $15 is used to purchase $COPI at market price. The remaining $15 is used to acquire $USDC as the second token in the LP pair.

  4. The tokens bought back and 15 $USDC are then added back as liquidity in the pool, increasing the availability of $COPI tokens for buyers and USDC for sellers.

  5. As liquidity is provided, the $COPI-USDC LP tokens generated are included in the treasury.

Up to 10% of nodes fees will be allocated to funds for buyback and liquidity pool, following the mechanic mentioned above

Governance

Cornucopias aims at becoming more and more decentralized over time, but for the time being, it wants to give its users the possibility to participate in the direction of the platform in certain aspects. Token stakers will have the option to vote on several topics, to be updated in the near future.

All votes cast are suggestive and non-binding for the project (e.g., the project might choose to disregard them completely if they do not fit into the long-term strategy of the project).

Voting eligibility

Voting will be open to users that stake $COPI or LP Tokens and voting will be based on the number of tokens that the person has staked, 1 token = 1 vote (applies to your share of the liquidity pool in terms of $COPI staked). Eligible tokens for voting include:

  • Staked tokens

  • Staked LP tokens (representative share of $COPI in pool)

Tokens which are not included in the voting process are:

  • Tokens from not yet claimed rewards

  • Tokens which are vesting

  • Tokens which are not staked

Voting process

A project representative creates a forum poll (on both the internal forum and snapshot) describing the subject being voted on. Each poll can be a:

  • Yes/No poll

  • Multiple choice poll

The poll includes:

  • Snapshot date - the date and time when the tokens were counted for the purpose of voting. The users do not vote with their current token balance, instead they vote with the token balance as of the time of the snapshot (this is done in order to avoid situations where a user acquires a huge number of tokens only for a particular vote).

  • A link to a discussion thread where the topic can be discussed.

  • Description of the voting options and the rationale behind them.

  • The end date and time for voting.

The vote ends either when:

  • The end date for voting comes OR

  • The project representative decides to end the voting process early (for example, because during the discussion process new and better alternatives were uncovered)

After the vote has ended, the vote results are tallied on the internal forum. Those results are non-binding.

Ecosystem Flowchart

Previous$COPI TokenomicsNextReward Distribution

Last updated 3 months ago

The voting will be done via the snapshot tool - (or similar tool)

🎮
https://snapshot.org/#/
Link to Image