🪙Tokenomics
"Need 4 Street" has chosen to integrate Solana (SOL) as the underlying blockchain for its in-game economy. Solana is a high-performance blockchain known for its fast transaction speeds and low costs, making it an ideal choice for our gaming ecosystem.
In-Game Currency: N4SOKENS
"Need 4 Street" introduces an in-game currency called "N4SOKENS." N4SOKENS are designed to provide players with a seamless and intuitive way to engage with the game's economy. However, N4SOKENS are not a separate token or a convertible currency. Instead, they serve as a representation of a player's SOL balance within the game.
When players connect their Solana wallet to "Need 4 Street," their SOL balance will be displayed as N4SOKENS in-game. This means that players can use their SOL directly for in-game transactions without the need for a separate conversion process.
In-Game Transactions and Fees
N4SOKENS will be used for purchasing in-game consumables, such as power-ups, boosters, and other items that enhance the gaming experience. These consumables will have their prices denominated in N4SOKENS, providing players with a clear understanding of the cost.
Real-Time Price Updates and Transparency
To ensure transparency and keep players informed about the real-world value of in-game consumables, "Need 4 Street" will implement a real-time price updating system. Alongside the N4SOKENS price, players will see the equivalent value in USD ($) for each consumable.
The prices will be regularly updated based on the current exchange rate between SOL and USD. This transparency allows players to make informed decisions and understand the real-world value of their in-game purchases.
Rewards and Incentives
"Need 4 Street" is committed to creating a rewarding and socially responsible gaming ecosystem. To achieve this, a 20% house fee will be applied to all in-game transactions, except for the purchase of consumables. This fee will be distributed in the following manner:
Game Development and Maintenance: 10% of the house fees (in SOL) will be allocated to power the ongoing development and maintenance of "Need 4 Street." This ensures that the game remains up-to-date, secure, and continuously evolving to provide the best possible gaming experience for our players.
Player Rewards: 5% of the house fees (in SOL) will be distributed to active players on a weekly basis. These rewards will be based on players' participation, achievements, and contributions to the game. By actively engaging with "Need 4 Street," players have the opportunity to earn a share of the house fees, recognizing their dedication and skill.
Charitable Contributions: 5% of the house fees (in SOL) will be donated to charitable causes. "Need 4 Street" believes in the power of gaming to make a positive impact on the world. By playing the game, players are not only enjoying an exhilarating racing experience but also contributing to making a difference in the lives of others. The community will have the opportunity to vote on the charitable organizations that will receive these contributions, fostering a sense of unity and social responsibility among our players.
We believe that this distribution of house fees creates a virtuous cycle that benefits all stakeholders in the "Need 4 Street" ecosystem. Players are rewarded for their engagement and skill, the game continues to grow and improve, and together, we make a positive impact on society through charitable contributions.
Conclusion
By leveraging the Solana blockchain and introducing N4SOKENS as an in-game representation of players' SOL balances, "Need 4 Street" aims to create a seamless and transparent gaming economy. Players can use their SOL directly for in-game purchases of consumables, while the real-time price updates ensure clarity on the real-world value of these items.
Through a combination of rewards and contributions "Need 4 Street" seeks to foster a vibrant and engaged community that actively participates in the game's ecosystem and its future development.
Join us in the exhilarating world of "Need 4 Street" and experience the future of gaming powered by Solana..
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