Total Supply: 1,000,000,000 $ARNA is an ERC-20 utility token that serves as the primary utility asset for transactions and represents ownership in Esports One.
Our primary token, ARNA, is fungible governance, staking, and access token made for gamers and esports fans. Over the next six years, One (1) Billion ARNA tokens will be minted and distributed and used to power our entire platform and ecosystem through multiple utilizations. Users can acquire ESPORT tokens via direct purchase, contest rewards, staking incentives, and through ASSET sales in the marketplace.
ESPORT tokens are used to mint and purchase NFT assets and staking to gain deeper access to the platform. The tokens revenue is captured via the Economy.
The ARNA token is the catalyst of the ecosystem and provides a way for players to compete in fantasy contests. Players can assemble a team of digital trading cards representing specific pro-players that get benchmarked against their real-world performance, determining how well their team does. Our vast array of league types makes competing accessible to anyone.
Token staking is a consensus mechanism where users are incentivized to lock up their tokens in exchange for rewards (token staking explained).
To address the issues we see in "Play-to-Earn" blockchain games, our team has created a new way to play, "Stake-to-Play." This method encourages users to stake their $ARNA token, which, in addition to yield and other rewards, unlocks access to fantasy leagues and contests based on the amount they have staked.
Through our staking method, you can play how and when you want and never have to worry about losing money or time. When you stake ARNA, you are rewarded with xARNA, which provides contest access, account features, and unique experiences based on the amount and duration the tokens are staked. The ultimate value for staking ARNA will derive from access and status, with more features introduced over time to incentivize staking.
The initial rate of ARNA to xARNA is 1:1, but as rewards are added, one xARNA will be worth increasingly more ARNA.
Instead of risking tokens to participate in contests, access to Arena is based on the number of tokens staked to the ecosystem.
| Metarena Tier | $ARNA Staked |
|---|---|
| Tier 0 | 50 |
| Tier 1 | 500 |
| Tier 2 | 1,500 |
| Tier 3 | 5,000 |