Peak Token ($PKTK)
$PKTK is a utility token that can be exchanged with in-game Peak Tokens (gPKTK), which can purchase and be purchased with Shells. As a token created on the Polygon Chain, $PKTK and gPKTK act as the link between Oath of Peak and the larger Web3 ecosystem.
$PKTK, which is on-chain, can be exchanged with gPKTK, which is off-chain (in-game), at a 1 to 1 ratio
The value of $PKTK is reflected in the demand of Shells and exchanging $PKTK for gPKTK is the only way for players to top up in Oath of Peak
Inversely, players can, to a certain limit, exchange Shells to gPKTK and then to $PKTK as well. More details can be found in the Token Flow section
The exchange rate between $PKTK/gPKTK and Shells indicates the Shell's inflation rate. As the number of users increases, more Shells will be produced. The exchange rate will adjust accordingly to stabilize the value of $PKTK, preventing it from inflating. Thus, the in-game economy is shielded from large fluctuations occurring outside of the game by adjusting the exchange rate
Finally, there is also the Peak Token Shop where players can use gPKTK to purchase certain shop items directly
Acquisition
Apart from its initial distribution (see Allocation section below), $PKTK can only be minted by exchanging Shells for them. Existing $PKTK can be obtained through trading in third-party exchanges.
Burning
Whenever gPKTK is burned, its associated $PKTK will eventually be burned as well
All gPKTK used to exchange for Shells are burned immediately (the associated $PKTK will then be burned as well). As a result, the $PKTK burn rate is directly correlated with the economic activity in the game. As more players join and the demand for in-game resources increases, the $PKTK burn rate will go up as well, ultimately resulting in the cost per $PKTK to increase
Shells that are collected as the forging tax during the exchange of Shells for $PKTK are completely burned
gPKTKs used to purchase exclusive items in the in-game Peak Token shop are completely burned
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