The Foundation - it is burning
We are setting up a foundation in Crypto Valley, the city of Zug in Switzerland. The purpose of the foundation is to keep the project healthy and increase its sustainability. The foundation will be funded with capital raised in the $BKO token sales. The foundation will invest its funds into DeFi/CeFi, Bitcoin, Ether and other low risk strategies. Earnings from that will be used directly to enhance and fuel the project's economy, mainly by buying $BF and $BKO on the open market, with the purpose to use them for crafting.
100% of the $BKO tokens used in crafting are burned and 100% of the $BF tokens used in crafting will go back to players, stakers and charity. The items the foundation acquires by crafting will be given out as prizes to players participating in game events (contests).
Heavy Burn: After 4 years the foundation is authorized to spend certain amounts of its base capital to buy and burn higher amounts of $BKO. This compensates for any eventual imbalance between active players and available tokens.
$BKO Token Utility
$BKO holders can vote regularly which new in-game features should be implemented next.
To name a few: new character classes, balancing, continents, biomes, monsters, and character skins.
$BKO tokens can be used to increase the success rate when crafting in-game items.
$BKO staked in game-validator Nodes rewards $BF.
$BF Token Utility
$BF is used as a reward given to players for slaying monsters or pursuing various peaceful professions.
$BF can be used in the game's massive on-chain-crafting system to craft for the most valuable and rarest items.
$BF can be spent directly to acquire items of certain categories, e.g. skins and pets.
Define the starting levels for peaceful professions and provide additional perks (e.g. alpha access, mount, higher income, and many more.).
Let guilds conquer areas of the gameworld and build an upgradable fortress on designated guild land. $BF rewards of guild members are shared with the guild's treasury.
Players can mint any of their experienced combat characters as NFTs to sell them on common marketplaces.
Blue Kraken Online will operate
a dual-token economy.
$BF (Blue Fuel) is the in-game token.
50% of the token supply will be sold to the public in an auction. The remaining 50% will be supplied as liquidity on DEXs, e.g. Uniswap and others, starting at the final price of the public auction. $BF tokens will not be pre-sold or pre-allocated to anyone.
The sale is planned as a public token auction with a price discovery. 100% of the funds raised in the auction are allocated as liquidity on decentralized exchanges and especially in swap pools with concentrated liquidity mechanics (Uniswap V3), concentrated around the final price of the token auction.
Thereby a price floor (price stop to the downside) for $BF is created at which all tokens from public sale could be sold back to the liquidity pool.