PLAY

Flow Account address: 0x123cb47fe122f6e3; Identifier: PlayToken

Although PLAY is created using the token smart contract standard from a technical perspective, PLAY serves as an on-chain record to measure the COLLECTIVE activeness of the Moxyan community.

PLAY is a shared achievement for everyone in the Moxy community; therefore, it cannot be bought, sold, or traded.

PLAY increases through the following mechanism:

• $MOXY burned into the “Proof of Play” pool. For every 2 $MOXY burned, PLAY will increase by 1 point

The relationship between new $MOXY minted and PLAY is described as follows:

As of Aug 2023, there is around 350m PLAY, therefore daily new $MOXY minted = (350,000,000 x 1%)/365 = 9,589 $MOXY

The PLAY mechanism is created to address the problem of decreasing rewards to the “Play-to-Earn” players commonly observed in other GameFi projects. As the Moxy Ecosystem expands, the number of newly minted $MOXY rewarded to the community will also increase under the PLAY mechanism to ensure there is a sustainable incentive for Moxyan to keep contributing to the ecosystem.

Inflation is currrently 0.1% until we reach 1 million registered Moxyans in Moxy Club.

Moxy can adjust the inflation rate to match the velocity of the ecosystem and to meet the demands of players.

Ex: 0.1% APY per million players to the stated maximum of 1% above.