The $AMMO Token
The Ammolite $AMMO token is the Hideout Labs’ (ERC-20) governance token at the heart of the Skvllpvnkz ecosystem. $AMMO will be of finite supply set at 365M and can be used for various interactions within the Hideout, such as but not limited to: minting future NFT collections, purchasing merchandise, trading and gaming. In due course, the DAO will utilise $AMMO to influence:
- 1.Decisions related to the Hideout
- 2.Management of the community wallet
The total amount of Ammolite (AMMO) that will ever exist is 365M.
5% of the total maximum supply will be allocated to the community wallet. This is a total amount of 18,250,000 tokens unlocked over a linear vesting period of 5 years.
5% of the total maximum supply will be allocated to our existing and future partners. This is a total amount of 18,250,000 tokens invested and distributed to the discretion of the Hideout Labs team.
20% of the total maximum supply will be allocated to the Hideout Labs team. This is a total amount of 73,000,000 tokens unlocked over a linear vesting period of 5 years.
30% of the total maximum supply will be allocated to our reserve. A portion of funds will be granted towards future projects in the Hideout i.e. introducing new gameplay content with higher earnings. This is a total amount of 109,500,000 tokens unlocked over a linear vesting period of 5 years.
The total token allocation for the Hideout Rewards, Daycare Rewards and Mission Rewards will be distributed through Hideout staking with the maximum amount of mintable tokens set fixed at 164,250,000 $AMMO. The Hideout staking game is being offered as an entertaining and interactive way to distribute a major percentage of available $AMMO as it rolls out over the course of the next five years. Certain features of the game will allow holders to earn a guaranteed number of $AMMO per day (i.e. The Hideout & Skvllpvnkz Daycare) whereas other aspects make earnings more dynamic and variable.
The Hideout rewards are a dedicated pool of 10% of the total maximum supply totalling an amount of 36,500,000 tokens unlocked over a linear vesting period of 5 years. Once the token is live, holders will be eligible to claim a token airdrop. We have been tracking all transactions from mint and have devised a plan to nobly reward Skvllpvnkz holders for participation.
Within the Hideout, holders can participate in missions and quests in return for greater rewards. In these missions you can send your Skvllpvnkz out individually or in parties, to complete daily, weekly and monthly quests. Some have guaranteed rewards while others are based on an RNG system, distributed after task completion. The mission difficulty will have an effect on the reward whereby the higher the difficulty, the smaller the chance but equally, the greater the reward.
- Naming and custom metadata for any of your Skvllpvnkz Avatars
- Buying items to kit out your 3D Pvnkz
- Periodic buffs for increasing the staking and gaming experience
- Trading Hideout NFTs on the market
- Buying IRL Hideout merch
- Buying Skvllpvnkz & Hideout comic & shorts
- IRL raffles to win various items
- Voting power within the DAO
- Staking for gaming, earning & rewards
Note: Details for the governance token ($AMMO) are nearing completion and will be available in early Q1 2022.