System Token Model
The system token in Evolution Land is called RING (full name is Evolution Land Global Token, Decimal is 18 bits). In the first continent, the initial supply volume is 2 billion, and the maximum supply volume is 10 billion. RING will be used to pay for operator fees in the systems and network in Evolution Land and smart contract fuel costs. Likewise, Trading of various elemental resources, lands, buildings and props will also use RING as a pricing unit. At the same time, by holding assets such as RING and land parcels, you will be able to participate in the governance and voting of the Evolution Land, and determine the direction and progress of the development of the continent.
The Release Model
RING has a total cap of 10 billion (pieces). Except that 16% of total will be issued in the mainland (#Byzantine), the subsequent issuing will commence through the opening of the major continents.
Evolution Land Token Distribution Plan
Number of RING Allocated in Byzantine
1,600,000,000 RING (TRC20)
Allocation Overview
Presale Investors 40%
Founding Partners 15%
In-game Distribution 15%
Business Promotion & Cooperation 15%
Team Reserve 10%
Foundation Reserve 5%
Token release schedule
1)Linear Daily Vesting is coded into smart contract.
2)KTON is a proof of liquidity lock, and a proof of equity. Users need to lock RING into the Gringotts Bank for a certain period of time to get KTON, which is a bit similar to the interest on bank’s time deposits. This is actually an algorithm of the equity-based PoW: based on how long you promise to hold the token in the future. 30% of the game’s system revenue will be distributed to KTON holders.
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