Tokenomics for Wordwalk

In a previous post, we discussed some example tokenomics for the Wordwalk / spaghettispeller.com word game. Here are some specific objectives for Wordwalk.

🎯 Objectives

• Boost User Engagement: Encourage consistent participation in vocabulary games and learning activities.
• Ensure Economic Sustainability: Maintain a balanced token economy that rewards users without leading to inflation.
• Foster Community Participation: Empower users to contribute to the platform’s development and decision-making processes.

🪙 Token Structure

1. Utility Token: $WORD

• Purpose: Primary in-game currency.
• Use Cases:
  • Unlock premium vocabulary packs
  • Join special challenges/tournaments
  • Buy cosmetic enhancements or badges
• Acquisition: Earned through gameplay, daily logins, or purchased with fiat/crypto.

2. Governance Token: $WALK

• Purpose: Grants voting rights.
• Use Cases:
  • Vote on new features
  • Participate in governance
• Acquisition: Earned by staking $WORD or contributing to the community.

📈 Token Distribution & Supply

• Total Supply:
  • $WORD: 1,000,000,000
  • $WALK: 100,000,000
• Allocation:
  • $WORD: 60% Player rewards, 20% Development, 10% Marketing, 10% Reserve
  • $WALK: 50% Staking rewards, 30% Governance pool, 20% Dev team (vested)

🎮 Incentive Mechanisms

• Daily Challenges: Earn $WORD for task completion
• Streak Rewards: Bonuses for daily activity
• Referral Program: Invite friends for token rewards
• Community Contributions: Create lists and earn $WALK

🛡️ Economic Sustainability

• Token Burn: A portion of spent $WORD is burned
• Staking Rewards: Lock $WORD to earn $WALK
• Dynamic Rewards: Adjusts rewards to match activity levels

🗳️ Governance Model

• Proposal System: $WALK holders submit and vote on changes
• Voting Power: Based on amount and duration of $WALK held

🌐 Integration Ideas

• NFT Marketplace: Trade unique badges
• Cross-Platform Rewards: Collaborate with other educational apps

📊 Analytics

• Dashboard: Real-time metrics on tokens and usage
• Transparency Reports: Community-facing documentation