$AAG Token Utility (subject to change).
The AAG Token will have an array of different utilities, which will bolster demand for the token.
As the play-to-earn space grows, more games and tokens will be released. Because players in the Play-To-Earn space may not be crypto-savvy, managing many assets across different exchanges can be very complicated. The learning curve is steep, and player can face problems such as:
- Losing funds due to mismanagement of wallets or scams
- Difficulties in learning how to trade or cash out cryptocurrencies on centralized and decentralized exchanges
We aim to solve these problems by providing:
- 2.An option to automatically convert in-game tokens to AAG tokens. This will allow users to only have to deal with a single currency.
- 3.A functionality to exchange to another crypto asset within the AAG wallet
- 4.The ability to cash out to the desired fiat currency
We believe that for play-to-earn to become mainstream, the friction caused by the management of cryptocurrencies must be reduced. Not everyone is interested in dealing with cryptocurrencies, but many will want to have a chance to earn while playing their favorite games.
We will provide access to our pool of scholars by allowing anyone to deploy NFT assets via our smart contracts. This means that anyone can choose to build a guild without having to ever interact with a scholar.
We believe that we have the expertise in recruiting and coaching scholars, and we would like to extend it to anyone without the complexity of managing a team of scholars. The split will look like the following:
- Scholar: 60%
- NFT Owner: 35%
We may adjust these percentages based on market conditions.
The owner of the NFT has an option to determine the length of lock-up.
The initial cost is a significant factor when investing in NFTs for play-to-earn. For example, you need a minimum of $1,000 to purchase Axie NFTs to play the game and a piece of land in Axie Infinity costs a minimum of $10,000. These costs are unaffordable for many people, even in a developed country like the USA.
We believe that investment in these assets should be available to everyone and extend this opportunity by providing fractional ownership of any NFTs.
This is how it will work:
- 1.AAG discovers an NFT that we think is worth investing in and purchases the NFT
- 2.AAG offers a 50% ownership share using a smart contract
- 3.Anyone in the AAG ecosystem can invest by sending AAG tokens to the smart contract
- 4.AAG deploys the NFT into a game to start generating yield
- 5.AAG distributes earned yield monthly, proportional to percentage ownership
- 6.If AAG decides to sell the NFT, the proceeds will be distributed based on the ownership percentage
As a result, anyone interested can invest for as low as $1.
AAG token holders will have the right to vote for certain operations within AAG. We will launch many initiatives and allow all token holders to be part of the decision-making process.
AAG Ventures will have DAO Governance that represents its various components: Play-To-Earn Platform, AAG Guild, and the Nonprofit Foundation. The AAG token will carry voting rights in any of these DAOs. For example, voting rights in the Play-To-Earn Platform DAO will allow AAG token holders to influence the Play-To-Earn Platform roadmap. The voting power of an entity will be proportional to the number of tokens staked as well as their level of participation in the DAO.