Toshi-nomics
The Basics:
There are two native tokens used by Toshimon. TOSHI is the governance token, and will be used for voting in the Toshimon DAO upon launch. ToshiCoin is a utility token that is used to buy First Generation Toshimon card packs. In order to get your hands on First Generation Toshimon card packs, you need to first acquire ToshiCoin.
There are two ways to acquire ToshiCoin:
- Trade in TOSHI for ToshiCoin at a rate of 1 ToshiCoin per 2 TOSHI
- Stake TOSHI/ETH LP Tokens to get ToshiCoin
Anyone can stake their TOSHI/ETH Uniswap LP tokens to receive additional rewards. Snapshots of staked LP tokens will be taken randomly, and any users staking LP tokens at the time will receive exclusive rare Toshimon cards and variations. These exclusive cards will be limited run, exceedingly rare, and will provide no competitive advantage in game.
Once you have obtained ToshiCoin, you will be able to purchase Toshimon Card Packs via the Toshimon Dojo on the website or via its corresponding smart contract.
Currently, 40% of the total TOSHI supply has been airdropped to early supporters of our platform. Another 40% will be dropped pro-rata to users of the Toshimon Dojo, prior to the Beta launch of the Toshimon Arena. This 40% will be locked up for 45 days via smart contract, and distributed on the 45th day when it unlocks.
40% of the TOSHI supply will be airdropped pro-rata to users of the Toshimon Dojo, prior to the Beta launch of the Toshimon Arena.
TOSHI Dynamics:
TOSHI is an ERC-20 token that will be minted with a 100,000 TOSHI supply hard-cap. No additional TOSHI will ever be minted. Upon creation of TOSHI, 80% of the supply will be fairly distributed through a public airdrop and Dojo rewards lockup program as outlined above. The rest will be allocated to the TOSHI developer’s trust and used to support the development of the game and protocol.
Once the TOSHI Community DAO launches, TOSHI will be used for governance of the Toshimon ecosystem. The TOSHI Community DAO will receive a percentage of Toshimon profits, and will be able to vote on how to allocate the funds, decide game balancing changes, and many other things.
ToshiCoin Dynamics:
ToshiCoin is the token that allows you to purchase First Generation Toshimon card packs. Each ToshiCoin can be exchanged for a pack of 10 Toshimon cards. The supply of Toshicoin is limited by the number of TOSHI exchanged summed with the daily TOSHI/ETH LP ToshiCoin issuance rate. Once the Toshimon Arena launches, ToshiCoin will be used for discounts and purchases of in-game items such as cosmetics, items, and Toshimon Cards.
Prior to the launch of the Toshimon Arena, ToshiCoin will remain untradeable between players. This is subject to change through a DAO governance vote in the future, after the Toshimon Arena has been launched.
TOSHI/ETH LP Staking Rewards Schedule:
There are increased incentives for TOSHI/ETH LP token stakers during the Early Access period. The reward tiers below start on the day TOSHI/ETH LP token staking launches.
Daily pro-rata distribution:
Day 1–10: 3,000 ToshiCoin total
Day 11–20: 2,000 ToshiCoin total
Day 21 until Toshimon Arena launch: 1,000 ToshiCoin total
