What are spider tanks and what role does the SILK token play?
Spider Tanks is Play2Earn’s ecological network that brings together NFT owners, gamers and game developers. Players can earn Victory Points by participating in Spider Tank matches, buying and selling NFT Game Equipment, and redeeming Victory Points in-game for SILK REWARDS. This PvP fighting game allows players to enjoy multiple levels of ownership including tanks and weapons, battlefield maps or even factories and planets.
SILK is the official reward token in the game. SILK is an ERC-20 token from Gala Games and the new esports tank battle GAMEDIA Spider Tanks. It can be earned by participating and winning Spider Tank games, as well as becoming a node and participating in other products within the project’s ecosystem. The SILK giveaway will be divided into two parts, one part will be given out to NFT players and F2P players. The other part is distributed among planetary node operators, cardholders, Gala and Gamedia members, and founding nodes. These two parts have different proportions. For more details, check out the Spider Tanks white paper.
Reviews of SILK tokens:
Token name: SILK
Total supply: 4 419 812.76666353 SILKS
Coinstore.com SILK List:
Trading pair: SILK/USDT
Trading time: November 01, 12:00, 2022 (SGT)
Withdrawal time: November 1 12:00, 2022 (SGT)
How can I exchange VICTORY POINTS for SILK REWARDS?
SILK will always be the only token in the Spider Tank ecosystem, and the total number of SILK tokens in the system is fixed. SILK is distributed through the daily settlement system. The distribution depends on the ratio of victory points to SILK for the day. The ratio is determined by the current cumulative mint and the total expense for the day. The long-term relationship between the Victory Point/SILK ratio and the circulating supply is shown in the chart below:
NFT Player Victory Point-to-SILK: The distribution of victory points for owners and captains occurs with each victory during the day based on the number of replacements and is calculated independently based on the characteristics of each weapon or body.
Planetary node operator Point-to-SILK: Planetary nodes will become the basis of the spider tank. They will make sure the system server is up and running for the various matches. As such, planetary node operators will be compensated from the non-replacement SILK allowance, which is determined based on the number of games played per day and the size of the overall workload.
Victory Point-to-SILK cardholders: Distribution of SILK Cards will depend on the number of games featured on the Cards. Card rewards will depend on the amount of the daily non-recovery bonus and the total number of victory points awarded that day.
What are the benefits of SILK REWARDS?
Increased Victory Point Potential: Held SILK is not consumed in any way and can continue to enhance the player’s ability to generate rewards as long as they continue to hold it.
Improve your NFTs: SILK can be used to buy components and arachnium needed to upgrade your tank parts. Upgraded NFT tank parts are more powerful and can earn more VP per victory.
Maximum Victory Points Available: The ability to earn Victory Points per day is unlimited. However, certain factors affect the difficulty of accumulating victory points. See the official project document for details.