Basecraft Kingdoms
1. What is $KING
The Kingdoms Token (
KING) is a mix of ERC20 and ERC721 tokens.ERC20: This part works like a regular cryptocurrency where you can trade, add liquidity, and earn rewards.
ERC721: These are unique tokens representing individual kingdoms that you own, each with its unique token ID.
Earning Yield: Owning a kingdom allows you to build castles, which increases your yield (rewards) over time.
Tradeable: King is tradeable on Uniswap, but can only be purchased in whole amounts. You can also purchase wKING which is a wrapper contract, for users who can't afford the underlying token
2. Purchase a Kingdom
Steps to Mint:
Head to the Kingdoms menu
Specify how many kingdoms you want (up to 4 per transaction).
Pay the required ETH.
The contract will mint your kingdoms, and you will receive 200,000 Coins per kingdom as a bonus.
3. Building Castles
You can build castles on your kingdom, which increases your total yield earned.
Each kingdom can hold up to 10 castles.
It costs 0.01 ETH per castle to build.
Each castle you build will give you extra 25,000 Coins.
Steps to Build a Castle:
Head to your kingdom in game and add a castle
Building castles increases your ETH yield, helping you earn more rewards over time.
4. Earning Rewards (Yield)
As a Kingdoms Token owner, you earn rewards based on the number of kingdoms and castles you own.
Each kingdom and its castles generate rewards automatically.
The yield will be boostrapped at the beginning and will be generated from arbitrage between the KING and wKING pair
The more castles a kingdom has, the higher the yield.
This is paid out in ETH which you can claim at any time!
You can claim all your rewards in the Manage section of Kingdoms
Future Upgrades
In the future, users will be able to build more structures on their kingdoms in order to earn yield! Members who hold KING will also be eligible for in game points for our airdrop!
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