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To help our community better understand the Incentives Mechanism, we’ve prepared a series of explainers to explain each part of the incentives system

About $Gold Points ($GP)

About Debt Obligation

About Taxation Mechanism

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Exploring the Multifaceted Universe of $Gold Points ($GP) in Zypher

Zypher melds the thrilling realms of blockchain gaming and economic stability with its distinctive token: $Gold Points ($GP). $GP, the financial linchpin of Zypher's comprehensive gaming platform, intertwines diverse functionalities to foster a lively, unified, and sturdy economic environment. Journey with us through the detailed and multifaceted universe of $GP.

Crystallizing the Essence of $GP

Weaving an Interconnected Gaming Economy

$GP interlaces through Zypher’s gaming titles, forging a unified currency that enables scoring, staking, and rewards. Rooted in transparent blockchain operations, $GP percolates through varied economic activities, dynamically intertwining with diverse assets.

Engaging Gameplay Across Boundaries

By ensuring a standardized, enriched gaming experience, the universal application of $GP across myriad Zypher games augments its intrinsic value, perpetuating a consistently engaging gameplay narrative.

GP’s Core features include:

• Unit of Account: $GP serves as the standard currency for scoring, ranking, and staking activities on the Zypher platform.
• Universal Utilization: Designed for cross-game applications, $GP enables players to use the token effortlessly across a wide array of Zypher’s game titles, such as zBingo, z2048, zTCG, and Candy Crush. This guarantees a homogeneous gaming experience and standardized rewards.
• Backed by ETH: $GP is backed by Ethereum ($ETH) reserves, maintained at a fixed ratio of 1 ETH to 2,000,000 $GP (we later extended support to $BNB tokens at a ratio of 1 $BNB to 250,000 $GP). The minting of new $GP is highly regulated; no external entities or smart contracts can arbitrarily create more $GP without the requisite backing in $ETH reserves and debt obligations.
• SBT Equivalent: $GPs are non-transferrable, soul-bound tokens (SBTs) that will recognize each player’s in-game achievements and experiences. $GP cannot be transferred to another EOA address.

Unveiling the Utilities of $Gold Points ($GP) ****

Skill-to-Earn: Creating a Rewarding Battlefield $GP allows players to use their skills to compete against opponents. Your strategic mastery and in-game decisions help you earn a share (1-tax%) of all the $GP that players wager in the game, turning your victories into money.

Debt Issuance: Supporting Community Initiatives The platform raises funds for community initiatives, such as campaigns and giveaways, by creating $GP that is backed by debt. This strengthens the community and operational structure.

Taxation Mechanism: A Self-sustaining Economic Cycle A portion (tax%) of the $GP wagered by players goes to the Zypher Treasury. This money is first used to repay any debt owed by the platform and then accounted for as platform revenue.

Dividend NFTs: Generating Passive Income Use $GP to create NFTs that generate dividends. This actively involves players in the platform's revenue generation and ensures a decentralized profit-sharing model.

Game Loots: Unlocking Powerful Gaming Items Delve into the world of in-game loot boxes by using $GP. Acquire or create game-enhancing items like trading card game (TCG) cards or exclusive 2048 gears.

Season Pass Elevation: Accessing Premium Battle Arenas Spend $GP to buy season passes and unlock new competitive arenas. Alternatively, you can earn them as rewards through daily logins, enhancing your gaming experience.