SOUL has been around for 2 years. Over the past six months, we have been working to improve the model of token use in the game, increase the demand for SOUL and stabilize the economy. All this is necessary so that we can consistently reward our players with cryptocurrency, which has real value.
Recently, we have been actively developing as a project, a new game is being developed, and we decided to change the SOUL economy model.
Example: in two weeks, players spent 10 858 665 SOUL.
Old Model: We burn 5 429 332 SOUL from our stocks.
New model: We redeem 2 171 733 SOUL on the exchange and burn them.
The main problem of the old model is inflation, with the new model, the number of tokens will decrease every two weeks.
The new model begins its work on 06.16.2020
The gradual decrease in the number of tokens creates more prospects for the SOUL hold.
According to our calculations, burning 20% SOUL will allow us to regularly reduce the number of tokens without any particular risk for us.
Mostly, tokens are sold at Merge Cats, the commission in mobile markets is 30%. It will not be profitable to buy more tokens under such conditions.
We expect that with the launch of a new project, our audience will increase significantly, which means that the consumption of tokens in our games will increase.
Mint (token issue)
At the end of private sale, we sold 171.5 million souls, of which 40 million tokens were issued, we expected to issue more, but our reserves were enough.
We used 40 million SOUL, which we bought on the hotbit.io exchange.
The main game will be launched only if investments are attracted to the project, this is possible if a new game is developed, listing on large exchanges, etc.
This is not planned for the coming year, as we are developing Royal Crypto Soul.
At the moment, there are 50,000,000 SOUL on deposits, in case all users (or most of them) at the same time want to withdraw tokens - we will have to issue these tokens first.
Since we are creating a deficit to improve the SOUL economy, we do not have so many tokens to pay back to everyone right away.
What does this mean for our users?
Now it’s becoming more promising to hold tokens, we are reducing SOUL inflation and supporting the shortage of tokens in circulation by buying SOUL on the exchange