Which country issued the Gods Unchained (GODS) currency?

Gods Unchained (GODS), a groundbreaking NFT trading card game, originated from Australia, the home of Immutable, the blockchain technology company behind its creation.

Dec 25, 2024 at 03:03 pm

Key Points:

• Origins and Background of Gods Unchained (GODS) Currency
• Economic Framework and Tokenomics of Gods Unchained
• GODS Incentives and Gameplay Mechanics
• Country of Issuance for Gods Unchained (GODS)
• Regulatory Considerations and Legal Compliance
• Global Reach and Adoption of GODS
• Frequently Asked Questions (FAQs) about GODS

Which country issued the Gods Unchained (GODS) currency?

Gods Unchained, the groundbreaking non-fungible token (NFT) trading card game, was conceptualized by Immutable, an Australian blockchain technology company. As such, the GODS cryptocurrency was not issued by any specific country but rather originates from Australia.

Origins and Background of Gods Unchained (GODS) Currency:

Gods Unchained emerged from the vision of Immutable to transform the gaming industry by empowering players with true ownership of their in-game assets. The GODS cryptocurrency serves as a core component of this ecosystem, facilitating various transactions, rewards, and gameplay mechanics within the game.

Economic Framework and Tokenomics of Gods Unchained:

GODS operates on the Ethereum blockchain, utilizing ERC-20 token standards. The total supply of GODS is capped at 500 million tokens, with the distribution allocated as follows:

• Gameplay Rewards (57.9%): Distributed to players as rewards for completing quests, winning matches, and other in-game achievements.
• Genesis Set GODS (10%): Allocated to early adopters and supporters who acquired the first generation of GODS cards.
• Platform Development (20%): Reserved for the ongoing development and expansion of the Gods Unchained platform.
• Ecosystem Fund (10%): Supports the growth of the Gods Unchained community and ecosystem through grants and partnerships.
• Strategic Reserve (2.1%): Held by Immutable for strategic initiatives and future development.

GODS Incentives and Gameplay Mechanics:

GODS serves as the primary currency within Gods Unchained, enabling players to:

• Purchase GODS cards, which are unique NFT trading cards that can be used in competitive matches.
• Craft new GODS cards by combining three identical cards of lower rarity into a single card of higher rarity.
• Stake GODS to earn rewards and influence the governance of the Gods Unchained ecosystem.
• Participate in GODS tournaments and giveaways, which offer exclusive prizes and rewards.

Country of Issuance for Gods Unchained (GODS):

As mentioned earlier, Gods Unchained (GODS) is not issued by any specific country. It was created by Immutable, an Australian company, but operates as a global cryptocurrency on the Ethereum blockchain.

Regulatory Considerations and Legal Compliance:

GODS is a utility token primarily used within the Gods Unchained platform. As such, it does not fall under the classification of securities or traditional currencies in most jurisdictions. However, it is important to note that regulatory frameworks for cryptocurrencies are constantly evolving, and users should stay informed about any applicable regulations in their respective countries.

Global Reach and Adoption of GODS:

Gods Unchained (GODS) has gained significant global recognition and adoption. It has a thriving community of players, collectors, and investors from around the world. The game's innovative gameplay mechanics, focus on player ownership, and unique tokenomics have contributed to its growing popularity.

FAQs about GODS:

Q: What is the purpose of GODS cryptocurrency in Gods Unchained?

A: GODS is the primary currency used within Gods Unchained, enabling players to purchase cards, craft new cards, stake GODS for rewards, and participate in tournaments and giveaways.

Q: How do I earn GODS rewards in Gods Unchained?

A: Players can earn GODS rewards by completing quests, winning matches, and holding GODS cards. Additionally, players can stake GODS to earn rewards and governance influence.

Q: What is the total supply of GODS cryptocurrency?

A: The total supply of GODS cryptocurrency is capped at 500 million tokens.

Q: Is GODS cryptocurrency regulated?

A: GODS is primarily a utility token used within the Gods Unchained platform and does not fall under the classification of securities or traditional currencies in most jurisdictions. However, regulatory frameworks for cryptocurrencies are constantly evolving, and users should stay informed about any applicable regulations in their respective countries.

Q: How can I purchase GODS cryptocurrency?

A: GODS cryptocurrency can be purchased on various cryptocurrency exchanges, including Binance, Coinbase, and FTX.