With Codyfight in its alpha phase and the team gearing up for the TGE of $CTOK token, newcomers in this community are hungry to learn more. Ideally, crypto-related topics can be somewhat confusing, and a part of the player base probably joined up simply to experience the exciting gameplay that Codyfight offers.
However, gaming tokens are often the fuel allowing the underlying economy to run appropriately. They are assets that can transform a game into so much more — a full-on decentralized ecosystem possessing plenty of worth in the real world.
Stay with us as we explain why gaming tokens matter, share some exciting details behind the $CTOK token, and show you how to get it.
What are gaming tokens?
Gaming tokens generally bridge the gap between your virtual and tangible assets. In a sense, they are the backbone, keeping the game running for the future. These tokens can be earned in-game and traded between the players. Since they’re limited in availability, their use extends outside of the game as they can be exchanged for other crypto assets and ultimately, traded in for fiat.
Equally important, a token can serve as a way to bind the player base together. Owning gaming tokens connects gamers and makes them feel invested in the project, boosting the game’s overall value and fostering loyalty among the community.
Put differently, a gaming token helps the game transcend its gameplay and turns it into a true metaverse experience.
What is $CTOK?
$CTOK is the native token in Codyfight. It powers the game’s economy and allows its deep ecosystem to blossom, allowing players to earn valuable assets, and get more mileage from what is already a fun and engaging experience. All the assets in the game are closely intertwined with $CTOK. All purchases can be made with CTOK, if you want additional Codyfighter, CKey, more CCoins, or CTickets. For instance, $CTOK can also save the time it takes to upgrade and repair Codyfighters, purchase CKeys to scale bot farms, and buy CTickets to enter competitive matches.
In addition to purchasing in-game items, the utility of $CTOK goes further as it can be traded on the Arbitum blockchain, placed in liquidity pools, and bid on factions in the game.
There are other notable uses for the $CTOK token. For example, using it as the main currency will lower transaction fees for players. More importantly, it will reward them for their effort and motivate them to continue playing (the better you are, the better the rewards will be). This serves as a great way to attract competitive players and extend the game’s user base exponentially, which drives the token’s value.
The most exciting aspect of owning the native token is the fact you’ll have a say in how the game progresses. This is the entire point of decentralization as you own the game as much as we do. You and the other members of the community will play an important role in future development and any notable improvements. The amount of governance power you have will directly correlate with the number of tokens you hold — so you better get to work coding after the TGE in May!
How to earn $CTOK?
Although you can buy it on exchanges, it’s much easier to earn it organically by playing the game itself. At the core of our in-game reward system, $CTOK will go to players who perform better in competitive game modes.
At the moment, players receive free daily entry passes they can use to enter Llama’s Maze mode where victories are rewarded with CTickets. Upon reaching the fifth rank, players can spend their hard earned CTickets to enter more matches where they’ll earn $CTOK as a reward. Because you’ll have to pay a ticket to compete, you’ll experience high-stakes combat where your skills will be tested as you have to win back your tokens.
This means you can easily go from playing casually to testing your skills competitively or even trying your hands at making Codyfight a full-fledged career through esports.
There are also fun community events going on in Codyfight, where you can stack more $CTOK. Tournaments are organized each week in the Codyfight Discord, and there are always weekly seasonal quest leaderboards. For example, players who successfully catch as many pigs or llamas earn additional rewards.
The community also looks forward to bigger events, such as $CTOK Birth of Battle Championship or Guild Wars.
Developers have the opportunity to earn the token by developing AI bot farms, selling or renting AI codes, or creating dev guilds. AI bot farms are particularly interesting as they allow players to expand the gameplay further by programming autonomous and intelligent AI bots to control their Codyfighters for them, ultimately increasing their ability to win valuable rewards and make passive income in the game.
There are other ways to earn $CTOK directly, some of which include playing in the game nights, completing achievements and tasks, and even referring friends.
How much $CTOK will be available?
The entire Codyfight project is valued at 20M$ and the total token supply is 127,00,00,01.
Although the private and strategic rounds have ended successfully, the wider public can freely participate in the public round one through IDO on GameFi or ApeBond launchpads. You should hurry, though, as the LaunchBlock and DaoMaker IDOs sold out faster than lightning.
When it comes to vesting schedules, it’s designated at 25% at TGE, and will be changed to 15% after two months.
This was carefully planned out in the tokenomics to ensure the token retains its value, setting it up for long-term success.
If you’re interested in exploring the technical aspects of CTOK further, please refer to the documentation provided.
Unlock the real world potential of crypto assets
Even during its alpha stage, Codyfight became one of the most talked-about projects, attracting casual gamers and experienced cryptocurrency veterans. That makes $CTOK exciting as the game has been progressing as planned, which is a testament to its quality and its long-term potential.
Crypto assets are not just a fad. In the context of gaming, they present a long term investment and will only grow in importance proportionally to the Web3 gaming industry. Plus, the prospect of earning such a valuable asset while engaged in a fun gameplay loop is hard to ignore. Either way, we look forward to seeing you in the“robot battlefield”.
