πͺTokenomics
Walk Up utilizes two primary tokens and one secondary token, each playing a crucial role in our ecosystem:
Walk Up Point - WUP (Utility Token In-game)
Walk Up Token - $WUT (Utility Token On-chain)
The Walk Up ecosystem employs a dual-token economy to facilitate various activities within its platform. Below is an in-depth analysis of the token utilities
Walk Up Token ($WUT)
Nature
The $WUT token plays a key role in moving toward these community centers. $WUT is a limited, blockchain-based currency serving as the core financial instrument of the ecosystem. In addition to adding the fun elements surrounding the NFT Shoes within the app, it is responsible for two functions: In-Game Transactions and Ecosystem Services
In-Game Transactions
Repair NFT: Players can use $WUT to repair their Sneaker NFTs, restoring durability and ensuring continued earning potential.
Upgrade NFT/Level Up: To increase the efficiency and performance of Sneakers, players can spend $WUT on upgrades and leveling up.
Trade: $WUT enables the trading of Sneakers and other NFTs within the marketplace, fostering a dynamic economy.
Challenge/Competition Tickets: Entry into special events or competitions within the ecosystem can be purchased with $WUT.
Vouchers: Players can obtain vouchers for in-game or ecosystem-wide benefits.
Ecosystem Services
AI BOT: $WUT might be used to access advanced AI trading bot services for trading or investment advice.
Shopping Mall: A virtual marketplace where $WUT can be spent on various goods and services.
Social-fi: Integration with decentralized finance social platforms may require $WUT for participation.
Payment Services: $WUT could be integrated with payment gateways, possibly even linked to a VISA Mastercard for real-world transactions.
Walk Up Point (WUP)
Nature
WUP is an unlimited point-based system designed to reward users for their physical activities within the app.
WUP Mechanism
Running Rewards (M2E): Earned by participating in Solo, Guild, or any other movement-based mode, these points can be converted into $WUT on a weekly basis.
Weekly Convert: WUP can be converted to $WUT weekly, integrating an essential deflationary mechanism into the monetary system.
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