Tokens Relations
Two tokenomics used in the game: VST & PT
On the planet Utopia, the Daffy Pandas have a more advanced invention, where Omix can be minted as a solid for storage, and the stable, minted from Omix, is used as the Daffy Panda's currency, which can only be minted in two densities with current technology.
PT is used as a low-density currency, mainly for daily consumption;
VST is a high-density currency mainly used for purchasing rare items.
VST (Voice Street Token)
Project Governance token
1. VST is the medium by which prices and trades are made for essential services provided by the platform. The service cost for specific services will be based on the scope of various NFT assets and the demand for that service. The Voice Street platform will use VSTs to produce music-related NFT products, IMO publishing, Live House online concerts, NFT items, celebrity IP NFTs, etc. VSTs will be used to both set the price and pay for such a service or product.
2. In the Voice Street copyright pledge pool, users pledge copyright IMO tokens to get VSTs. It is a part of VSTs, purchasing back from secondary markets. This money comes from offline revenue of music copyright-related products and works.
3. VSTs will also be used for spending on fan-related products and services for future celebrity DAO governance. (Helping a performer on a specific ranking board, developing derivative products, etc.) IMO products on the Voice Street platform will also be crowdfunded with VSTs.
4. VSTs will be the token used to participate in DAO governance. Some spending will be done through a DAO governance voting system. In such a context, VSTs give the holder the right to cast a vote. This way, they can participate in crucial decision-making and public voting to help decide the future of a specific project.
5. This token is used for payments and voting within the Ark of Panda Metaverse. It's the primary currency by which motivation is provided within the MetaVerse. All NFT characters and item draws require VSTs. (Such as purchasing a concert ticket, instrument mystery boxes, pets, and virtual land.).
The Function of VSTs in Ark of Panda
1. Payment - the primary token that provides liquidity to the in-game NFT market for musical instrument equipment
2. Completion of Quests/Challenges - Certain in-game objectives or challenges will require VST.
3. Metaverse Concert Tickets - There will be an in-game Metaverse Concert organized by real musicians, requiring VST to purchase tickets.
4. Noise Land Musical Instrument Store - Noise Land offers three types of Omix Mystery Boxes that can be purchased with a VST, depending on the type of instrument. Each Mystery Box can be opened to reveal a random instrument from the corresponding instrument category.
5. Orpheus Store - provides Orpheus blind boxes (Mystery Box) that can be purchased with VST. Each Mystery Box will randomly open 1 Gen. I-III, 1-2 Waveform Orpheus, or 1 Synth Stone.
6. VST is required to re-try the instruments and Orpheus;
How to earn VST
l Challenge the Extra level in Orpheus Trial for a chance to make it;
l DPGU subscribers can collect VST releases as well as VST taxes in Daffy Citadel daily;
l In the City of Stars version, players can earn VST by participating in PK concerts
PT(Panda Token)
In-game currency
Ark of Panda's native token is the Panda Token (PT). It is the primary medium of exchange for almost every feature in the game.PT is the primary token for Ark of Panda, will power our core blockchain integration, and will be used in most scenarios in the game.
The role of PT token:
1. Nurturing and strengthening: PT is consumed for upgrading game characters and musical instruments;
2. Musical Instrument Refining: The refining of musical instrument attributes requires the consumption of PT;
3. Task Challenge: Certain objectives or challenges in the game require PT to complete;
4. Game Challenges: Some of the games in Music Carnival require PT to participate, and the Extra level in Orpheus Trial also requires PT and character stamina to participate;
How to earn PT token
1. Falling Notes challenge rewards;
2. Omix Convert uses the energy collected from musical instruments to exchange for PT;
3. Completing tasks and challenges;
4. Win Orpheus Trial challenges;
5. Ranking on the leaderboards in Music Carnival;
6. Participate in concerts and take part in the winner's bounty;
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