Economic Foundations

The Economic Foundations of the EFAS Metaverse

The aim of EFAS is to become an application layer of the metaverse, and the economic and governance of such a metaverse is being built on blockchain technology.

To achieve decentralized governance and a robust economic system, we have introduced two cryptographic tokens into the EFAS project, one for decentralized governance, and one for economic circulation.

The EFAS ($EFAS) token is the governance token of the EFAS universe. It is a fungible token based on the SPL standard. This token is a non-renewable resource with a finite total supply of 100 million.

The issuance of $EFAS tokens is for rewarding individuals and organizations who participate and bring about major advancement or development to the project. Staking the $EFAS token also enables participation in treasury rewards. The treasury is replenished from marketplace fees and various service fees for administrative actions in the metaverse such as creating guilds and corporations.

All $EFAS token holders are members of the EFAS Universal Congress. Members of the Universal Congress have the right to claim certain perks during the development of the metaverse, but at the same time, they are responsible for the governance of the EFAS project. The Universal Congress decides the direction and strategy of the EFAS project.

The Kepler ($KPL) token is the circulating token of the EFAS metaverse. It is a fungible token based on the SPL standard. This token is a non-renewable resource with a finite total supply of 1 billion. Because of its unique properties and wide circulation, all nations and factions, and even pirates and outlaws consider $KPL to be the most important currency in the whole universe. $KPL can be used to enable battle pass rewards, build structures, and mint NFTs. The issuance parameters of $KPL are subject to decisions by the EFAS Universal Congress.

The NFTs in the EFAS universe are scarce resources forged or discovered by participants of the universe. They might be ancient war machines built by the Terra Republic, or exotic toys collected by Mercurian traders, or even unique morphs birthed in the spawning pools of the Xar. EFAS NFTs are unique and unreplicable, no matter how carefully the replicas are made.

Citizens of the universe can trade NFTs among themselves.