Utility
Last updated
Last updated
PLANZ.inc will issue $Z as its corporate token. Unlike tokens specific to individual DApps (such as games or DeFi), $Z is connected to all 10+ projects involving PLANZ.inc.
PLANZ.inc will conduct buybacks using a portion of the revenue generated by the various projects it operates or is associated with.
Project
Rate
Revenue Sources
Chain Colosseum Phoenix
50%
Marketplace Fee
Re.Monster
50%
In-Game Purchases, Marketplace Fee
DeFi Vserse
50%
Sequencer Earning
Gaming DEX
50%
Swap Fee
BACKERZⅢ
50%
Commision
NFT LAND
50%
Market Fee
Neptune
50%
Staking Fee
Ragnarok
50%
Trade Fee
Others
A portion of the revenue from each project will be used to buy back Z tokens based on the specified ratios mentioned above. Half of these tokens will go toward Z staking rewards, while the other half will be stored in the treasury for future reward distributions.
Half of the Buybacked $Z is put into the staking pool as a reward. Users receive a vault token (non-transferable) as $sZ for staking $Z. sZ can be reverted back to Z by applying for redemption, but there is a 180-day redemption period. Redemption is possible even before the maturity date, but a penalty will be incurred (reduced redemption rate). Also note that during the redemption period, the accumulation of rewards and other utilities will cease to occur.
$sZ tokens represent a share of the staking pool, and as additional buyback $Z tokens are introduced, the conversion ratio will adjust over time (increasing the value of $sZ relative to $Z). Rewards automatically accumulate within $sZ, resulting in a compounding effect.
Various user operations related to staking can be performed on the Gaming DEX.
As previously stated, $sZ tokens are locked for one year until eligible for redemption, although early redemption is available. Early redemption, however, will incur a penalty, resulting in a less favorable redemption rate. When an $sZ holder redeems early, additional $Z tokens remain in the pool, which subsequently increases the redemption rate for other $sZ holders.
Redemption Maturity Period: 180 days
Minimum Lock Period: 30 days
Redemption Rate for Early Redemption after Minimum Lock Period: 50%
Daily Penalty for Early Redemption: 0.3333%
● Early Redemption Rate Formula ●
Redemption rate=50%+(Days to Maturity-30)*0.3333%
E.g.:
Redemption Date
Redemption Rate
30 Days
50.00%
60 Days
60.00%
90 Days
70.00%
120 Days
80.00%
150 Days
90.00%
180 Days
100.00％
Any $Z penalties incurred here will stay in the pool. This increases the redemption rate for other $sZ, which in turn enhances the overall value of $sZ.
The $Z accumulated in the treasury will be used to provide additional rewards for various projects. These allocations will be determined through voting conducted with $sZ tokens.
