Covenant Token [COVN]

ClassificationDetails

Role

ERC-20 Governance Token

Issuance Amount

350,000,000

Acquisition

  • Gameplay: Honor Point Conversion

  • Staking: Rewards

  • NFT Marketplace: Player-to-Player (P2P) Sales

  • Listed Exchanges: Direct Purchase

Purpose / Usage

  • Staking: Participation

  • Governance Voting: Staking & DAO

  • NFT Marketplace: Rare Heroes & Equipment

  • Listed Exchanges: Encashment

Covenant Token Issuance

Covenant token is an ERC-20 governance token for the decentralized ecosystem of Covenant Child.

Staking

Token holders who stake COVN receive staking rewards.

After decentralized governance is established, the staking rewards will be automatically distributed by the smart contract. Detailed reward policies for stakers will be determined later after decentralized governance is established.

Community Treasury

A Community Treasury will be operated by decentralized governance. The assets of the Community Treasury will be accumulated through all revenues generated from the Covenant Child ecosystem and will be used according to the decentralized governance voting decisions.

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