$MANTIS Token

$MANTIS Token

Introduction

$MANTIS Token is the native utility token of LuckyMantis, a Telegram-based Play-to-Earn (P2E) game where players can engage in games such as Coin Flip and Frenzy Balance. Designed to be mintable and burnable, $MANTIS serves as the primary currency for all in-game transactions, upgrades, and marketplace activities. It plays a vital role in balancing the game’s economy, offering incentives for player engagement while maintaining long-term sustainability. This document outlines the tokenomics, minting and burning mechanisms, and the key use cases of $MANTIS within the LuckyMantis ecosystem.

Tokenomics

• Token Type: ERC-20

• Symbol: $MANTIS

• Initial Supply: 100,000,000,000

The distribution of $MANTIS tokens is as follows:

• Private: 6%

• KOL: 7%

• Airdrop: 24.40%

• Public: 20.60%

• Ecosystem: 10%

• Game Rewards: 10%

• Liquidity: 10%

• Team: 9%

• Advisors: 3%

This distribution ensures that the game’s economy remains balanced, with a significant portion allocated for player rewards and incentives, while also supporting long-term growth through liquidity, team development, and ecosystem expansion.

$MANTIS has a dynamic supply that adjusts based on player activity. It can be minted as a reward for in-game achievements, while specific game actions burn $MANTIS to maintain a balanced supply. The aim is to create a sustainable ecosystem that rewards both casual players and dedicated long-term participants.

Minting Mechanism

$MANTIS Tokens are minted through in-game activities, providing players with ongoing incentives to engage and participate in LuckyMantis. The minting rate is carefully controlled to ensure that $MANTIS maintains its value over time.

Minting Triggers:

• Game Wins: Players earn $MANTIS by winning in-game activities like Coin Flip or Frenzy Balance. The amount rewarded is tied to the player’s performance and the game's difficulty.

• Leaderboard Achievements: Weekly leaderboard rewards are paid in $MANTIS, with top players earning substantial bonuses.

• Event Participation: Special events and competitions also distribute $MANTIS as prizes, motivating players to take part in seasonal activities.

The minting rate is adjusted based on overall player engagement, ensuring that $MANTIS supply grows proportionally with the player base and the level of in-game activity.

Burning Mechanism

Burning $MANTIS is an essential part of maintaining its long-term value. As players spend tokens on upgrades and other in-game activities, a portion of those tokens is permanently removed from circulation, creating a deflationary effect.

Burning Triggers:

• Marketplace Transactions: Players buy and sell NFTs, upgrades, and in-game items using $MANTIS. A small percentage of each transaction is burned, contributing to supply reduction.

• Upgrades: Upgrading leagues, unlocking special features, or enhancing in-game elements all require spending $MANTIS. A portion of these transactions is burned to maintain balance.

• Frenzy Balance Game: The difference in total bets between the two sides in Frenzy Balance is used to burn a percentage of $MANTIS, reducing its supply and preventing inflation.

• Coinflip Balance Game: Players can burn $MANTIS by losing in Coinflip, which will be used to reduce the total supply.

Core Use Cases of $MANTIS

$MANTIS Token has a wide range of applications within the LuckyMantis game, ensuring that players have multiple ways to engage with the token and contribute to the in-game economy.

• In-Game Marketplace: The marketplace allows players to trade or purchase in-game assets such as coins or upgrades using $MANTIS. Every transaction burns a portion of the spent $MANTIS, adding a deflationary pressure.

• Game Entry Fees: Players use $MANTIS to enter premium game modes or tournaments, where they can win even greater rewards. This system encourages active participation and spending.

• Upgrades: Players spend $MANTIS to upgrade their league ranking, unlocking exclusive benefits and boosting their earning potential in both Coin Flip and Frenzy Balance.

• Special Features: Players can use $MANTIS to unlock special game features or participate in exclusive in-game events, offering deeper engagement.

Sustainability and Long-Term Value

The minting and burning mechanisms for $MANTIS ensure the long-term sustainability of the LuckyMantis economy. By creating a balanced approach between minting new tokens as rewards and burning tokens through various in-game actions, LuckyMantis ensures that $MANTIS maintains its value over time.

• Player Incentives: The burning of $MANTIS through game actions creates scarcity, driving demand. As players progress, they are encouraged to spend $MANTIS on upgrades and entries, contributing to the overall health of the economy.

• Controlled Inflation: The minting of $MANTIS is tied to player activity, ensuring that the supply grows proportionally to the player base and the overall activity levels within the game.

• Economic Balance: Through its minting and burning mechanisms, LuckyMantis ensures that the economy remains balanced, rewarding both active players and long-term token holders.

Conclusion

$MANTIS Token serves as the backbone of the LuckyMantis ecosystem, providing players with a flexible, mintable, and burnable currency that drives the in-game economy. With its careful balance of supply and demand, $MANTIS ensures that players are rewarded for their activity while maintaining a sustainable and deflationary economic model. As LuckyMantis continues to grow, $MANTIS will remain at the heart of the game’s marketplace, rewards system, and strategic upgrades, providing a strong foundation for future success.