TUSKS Token
Last updated
Last updated
Introducing the $TUSKS token. In the world of Trolls, $TUSKS are the ultimate showcase of power and reputation. Hence Trolls will go to extraordinary lengths to gather more $TUSKS, to harness the power of the fallen Trolls they belonged to by sacrificing them.
The $TUSKS token is a deflationary utility token, used in the Mojosphere ecosystem for multiple purposes. In accordance with the Lore, the accumulation of $TUSKS is achieved by growing, supporting and stabilizing the Tribe. The MojoTrolls that accumulate the most $TUSKS will be able to create better conditions for themselves by sacrificing more for a vast array of perks.
The ecosystem, harnessing the utility of the $TUSKS token, thrives with expanding that same utility of the $TUSKS token in every possible way. All activities are connected with the $TUSKS token, thereby fueling the ecosystem with its deflationary characteristics.
Fueling of the ecosystem and the deflationary characteristics of $TUSKS are achieved through a set of fees on transactions and DEX trades, token sacrifices for perks, the NFT secondary market royalties, profits from our investment pool and AI trading bot, and finally a portion of additional business revenue. Accrued fees in tokens other than $TUSKS which are dedicated to the ecosystem will be converted to $TUSKS on the DEX. These ecosystem fueling rulesets are each on their own distribution schedule. See the figure below: