Adventurers Sigil

Supply

There will be a 5000 firm cap with a long-term hard cap of 50000. The firm cap will never shrink but could get larger if decided by the community. The plan is to hand it over to Governance. The contract will not allow changing the firm cap until at least three-fourths of the current supply is in the hands of holders.

Governance

Currently, we have our Platinum Pieces set up as the governance token in Snapshot. Using Platinum Pieces was to tide us over until we could get the true merit for adventurers out.

Backed by Platinum Pieces

Platinum Pieces back the Sigil. The Guilds’ Treasury contract holds these Platinum Pieces. Therefore, the amount a single Sigil is worth will vary.

Burning/Fees

Each weekly quest will immediately handle a portion of profits to buy back and burn or send to systems like the lottery. These specifics are coming in this week’s main blog post.

Distribution

The Sigil will not have a price, nor will we be opening up trading pairs for it. So instead, there will be two ways you can get it.

  1. Participate in the weekly quests
  2. Buying turned-in Sigils

Weekly Quests

Every week there will be a new quest that utilizes one of our other quests(vaults). Instead of growing the token of the weekly quest, all proceeds will fund the Guilds’ Treasury.

Initial Distribution Terms

Minimum: 10
Maximum: 100
For every $1000 locked at the start, after $10000, we will add another Sigil for distribution.
Max of 10% of the unsupplied Sigils can be minted per week.

Buying back turned in Sigils

Sigils can be turned in at any time to get the proportionate value of backed Platinum Pieces. However, only a portion of turned-in ones will be available for purchase. Buying them will apply a transaction fee and burn fee.

Exclusive Access

Adventurers Sigils will be used for several exclusive access things, including but not limited to the following:

  1. There will be a high yield shop for Sigils equal to the highest yield mine or shop available.
  2. The Sigils will also play a role with future adventures and NFTs as these features are finalized.

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