Every project thrives on adequate planning and understanding to be successful. The words 'token' and 'economics' makes up Tokenomics. Tokens are forms of cryptocurrency used to represent a particular function or asset and exist on their Blockchain network. Tokens are designed via an ICO; Initial Coin Offering and is useful for making investments, purchases, carrying out transactions for storing value. Cryptocurrency tokens are used oftentimes to generate funds or resources for crowd raising. The term Economics is a study on goods and services which focuses on their creation, distribution, as well as consumption.
The economics of a token is therefore tokenomics; the features, design, distribution, supply, demand of a token that attracts individuals and investors to it. The Need for Turbo game is a platform on Blockchain technology whose token is in two levels.
In this phase, the crypto coin; the NFTC otherwise known as Need for Turbo Coin will be the only token used for utilities applicable for the racing game. After commissions get deducted for Need for Turbo,its coin is released to the public on CeFi platforms (centralized finance). The phase referred to as Building; the Initial tokenomics step in Turbo game whereby funds are received. Hence, no special NFTC allocation to the team members is set because they are shared during presale instead. Prior to the gaming launch, Need for Turbo Coin sum available was undefined due to the absence of a soft or hard cap including unlimited presale, the sum of USD recieved while sale was ongoing on chains describes the number of tokens to mint which is also included as liquidity.
When a user partakes during presale, they purchase NFTC at a reduced price of 10% without charges.
Conclusion
The Need for Turbo race has a well planned tokenomics that gives users and investors understanding of the potentials embedded in the project. With this information provided, one can easily tell if a project is worth investing into or not and the success rate. Need for Turbo game combines blockchain technology using the Binance and Ethereum networks including Metaverse features.
Projects Information
Website: https://needforturbo.com
Whitepaper: https://needforturbo.com/white-paper.pdf
Telegram: https://t.me/NeedForTurbo
Twitter: https://twitter.com/NeedForTurbo
Medium: https://medium.com/@NeedForTurbo
YouTube: https://www.youtube.com/channel/UCt6X_ukFQ9o_9OBT6gDSIRg
Github: https://github.com/NeedForTurbo
Author : harum93
bsc address : 0xAcd9BF8EC3E202833891c38a595Ea0568aE034f7
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