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The CBNT economy
The Geek Coin economy - supply and demand
The CryptoBullsNftToken (CBNT) is an ERC20-compliant cryptographic token that can be traded on the Ethereum blockchain just like ether. It is both a CryptoBullsNft platform currency and an independent store of value for players and investors alike.
Fluctuation free NFT pricing
To tackle the CBNT value fluctuations, game developers will configure the sales prices of their NFTs in USD. CryptoBullsNft will pull the latest USD value of CBNT from its internal coin exchange and provide the USD to CBNT conversion rate to smart contracts, in real-time. In this way, USD prices set by content providers can be converted in CBNT automatically at purchase time
In other words, an NFT that costs $50 will always cost $50; however, the number of CBNT required to complete the transaction on the blockchain will fluctuate according to the latest CBNT market price.
Handling traditional payment methods
While CryptoBullsNft crowdfunding and marketplace will offer both CBNT and classic payment options, all transactions will ultimately be executed using CBNT.
Payments via traditional methods like a credit card, PayPal, etc. are automatically and transparently converted to CBNT (by purchasing them from coin holders) which are then used to complete the transaction.
Player earnings
One of CryptoBullsNft core user experience philosophies is to provide players diverse ways to easily and instantly earn CBNT.
Opportunities to earn CBNT include:
→ Referral of players → Participate in betas → Watch advertisements → Trade digital goods → Participate in our rewards program → Report bugs → Write reviews → Share content on social networks → Compete in contests
Last modified 10mo ago
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