Gamepay
  • Introduction
  • Gamepay - Executive Summary
  • Getting Started
  • User Journey
  • Web 3.0 Games Market Stats
  • Company Overview
    • What is Gamepay?
    • Gamepay's Vision & Mission
    • Current Gaming Industry Challenges
    • Our Solutions
    • Competitor Uniqueness
    • Why Gamepay?
  • Key Elements
    • Features of Gamepay
    • Gamepay products & services
    • What is GPY?
    • Gamepay Interconnected Web 3.0 Ecosystem
    • NFT Marketplace
  • Use Cases
    • Who can benefit from our ecosystem?
      • Gamepay Business Model
    • Gamepay Revenue Model
    • Token Economy
      • Token Overview
    • Token Utility
    • Token Allocation
      • Staking Mechanism
  • Our Team
    • A Seasoned Team of Gamepay
    • Roadmap
    • Great Investors and Grant Awarded
    • Contracts
    • FAQ
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  1. Use Cases

Token Utility

Delivering NFT assets with real-world value

PreviousToken OverviewNextToken Allocation

Last updated 2 years ago

  1. Users buy SILK or CHIKY tokens on DEX/CEX.

  2. Users can transfer the SILK tokens to the wallet connected to the Gamepay platform or purchase Game NFTs or Game Tokens with them.

  3. On the Gamepay marketplace, Users can sell NFTs to acquire SILK tokens or spend SILK tokens to purchase NFTs.

  4. Users can use the purchased NFTs in the games to earn in-game tokens which can be exchanged to SILK tokens in Gamepay DEX. Earned SILK tokens can then be converted to USDT.

  5. SILK tokens can be redeemed in the GPY store using the GPY points earned by the User in the platform.

  6. Additional value-adding utilities for token holders include:

  • Voting

  • Staking

  • Creating new digital assets by using SILK tokens as a medium of exchange.

  • Used to realise profits and rewards by converting them into tradable, liquid crypto assets.