What is SHILL Token?
The SHILL token is the native utility and governance token of Project Seed, which is a GameFi ecosystem designed by an AAA game studio focused on building mobile blockchain-based games. These games make use of multi-chain hybrid technology and integrate game hubs, GameFi, DAOs, E-sports, and growth programs.
They are dedicated to ensuring that their games have quality graphics that can be compared to the traditional gaming industry. Games from Project Seed come with great 3D graphics and engaging gameplay.
Simply put, Project Seed is eliminating the entry barrier into blockchain gaming. As a new user of the Project Seed ecosystem, you don't have to have any prior knowledge of cryptocurrencies. Additionally, you don’t have to pay before you can begin playing games in the ecosystem. All these are strategies to increase the mass adoption of Play-to-Earn blockchain games. The mission of the project is to disrupt and revolutionize the current blockchain gaming ecosystem with SHILL tokens at the center of it all.
On the live Shill token price chart above, you can find the current SHILL price and observe its recent movements.
Since Project Seed is a cross-chain platform, holders of different crypto assets from different chains are able to transact with each other. There is a cross-chain bridge feature for that.
Besides, Project Seed allows users to mint their own NFTs and exchange them on the platform's NFT marketplace.
Use Cases of SHILL Tokens
All NFT minting processes require users to have and hold SHILL coins. This creates a good in-game economy, balances token supply, and maintains SHILL token price stability. Furthermore, SHILL crypto tokens are used on the platform’s NFT marketplace to buy, sell, and rent NFTs.
Also, players can enhance their in-game characters by burning SHILL tokens.
Furthermore, SHILL token holders can become merchants in the ecosystem, and they can promote their products on strategic locations in the NFT marketplace. All advert fees are paid in SHILL coins. Besides, they can create dungeons for other players to play or farm and earn rewards in the process.
Additionally, holders can also stake their SHILL tokens for rewards.
Finally, the SHILL token is used as the governance token of the ecosystem. SHILL token holders can propose and vote for their ideas on the Decentralized Autonomous Organization (DAO).
You can find the latest Shill token price on the aforementioned SHILL price chart above.
Who Founded SHILL Token?
SHILL token was founded by Liko Subakti and Alex Setiawan. They met when they both worked at Binance. Liko is also an angel investor in over a dozen blockchain-related projects, while Alex has experience in insurance and planning, implementation, and supporting complex infrastructure and technical solutions.
SHILL Tokenomics
The maximum supply of SHILL tokens is 1 billion. The tokens are distributed through token sales, staking rewards, play-to-earn rewards, community grants, and community rewards. The team is allocated 7.3% of the supply, while staking rewards take 15%. The play-to-earn rewards have 25% allotted, while token sales have a combined total of 25.2%. Further distribution includes community treasury (5%), marketing (10%), and protocol development (12.5%).
