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SecondLive economic system consists of two kinds of tokens: governance token LIVE and incentive token Bean.
LIVE (SecondLive Token) is the adhesive that binds all members of SecondLive Community together, and the governance token of the whole platform.
Beans are used to stimulate the output of various behaviors of users on the platform, including: operating space, experiencing games, creating content, completing specific tasks, participating in operational activities, etc. Users holding beans can participate in staking and obtain LIVE tokens.
LIVE is the BEP20 governance token of SecondLive. Holders will shape the future of SecondLive by supporting the upgrading of the ecosystem and guiding the use of community funds.
- Name of token: SecondLive Token
- Short for token: LIVE
- Total supply: 1,000,000,000
Incentive tokens for user behavior in SecondLive will be an unlimited supply.
There are different roles in SecondLive, such as creator, operator and ordinary user. We encourage users to participate in the construction of SecondLive through Beans and encourage more users to join. After obtaining Beans, you can stake Beans for LIVE.
There will be more ways of earning Beans with the variety of products offered.
The output of Beans: After users create Space, according to the conditions of active users in their Space, the Space will automatically produce Beans to bring income to the creator. The more active a Space is, the more Beans that will be produced.
Other outputs: Users can get Bean incentives from playing games, chatting, working, AMAs, and decorating Space in the SecondLive world.
SecondLive will provide a certain amount of LIVE every week (currently 100,000 LIVE) and the number will be modified with the increase of users and DAO governance. LIVE will be put into the income pool for the incentive of staking Beans. Users can stake Beans to get LIVE rewards. Beans in the income pool will be burned.