Token Use
The MIST native token will be used to purchase and swap for NFTs in-game and
outside
the game world. We foresee this being one of the main uses of the token. The
in-game
auction houses will allow players to list their NFTs for sale and swap them for
the
MIST native token.
Additionally, the MIST native token can be staked and used for farming outside
the
game universe. When users stake or use the token to farm, they will receive
rewards.
The MIST token is connected to and synchronized with the Binance Smart Chain. As
such, it can be easily, quickly, and cheaply sent from one wallet to another on
the
network.
It can also be sent into and out of the Mist universe.
The primary use of the token is as the native in-game currency of the Mist
universe.
The currency is used to purchase items in-game, swap for NFTs, repair damaged
items,
purchase mounts, and more.
How to obtain tokens in-game
The in-game token is obtained in various ways
• Killing monsters
• Completing quests
• Selling items in-game
• Selling NFTs in-game
• Farming in-game (through buying in-game farm real estate)
• Staking in-game (through buying in-game businesses)
• Farming outside the game (on our website or partners’ websites)
• Staking outside the game (on our website or partners’ websites)
• Buying on an exchange and sending to your in-game character
Other tokens minded in-game (ore, wood, etc)
Characters can train a few skills and create in-game items such as swords, bows,
and
armor. In order to do this, they need raw materials such as wood and ore.
These raw materials can be obtained throughout the in-game world, and characters
will train specific skills (such as mining, woodcutting, etc.) in order to
collect
these materials. Each material, when obtained, is linked to a custom BEP-20
token.
For example, each time a character mines ore in the game, they are rewarded with
an
“ore” BEP-20 token. These tokens can be bought and sold on exchanges, or
exchanged
with other players in-game.
Whenever these raw materials are used to create armor or train skills, the
in-game
item is consumed, and the BEP-20 token associated with the material is sent to
the
burn address.