💲OVL3 token

Disclaimer: $OVL3 tokens are not intended to be used outside the Ecosystem as a means of payment for acquiring goods or services. The utility of OVAL3 tokens shall be limited to the Ecosystem. OVAL3 tokens shall be non-refundable. The sole obligation of the issuer shall be to accept OVAL3 tokens in exchange for in-game goods and services

$OVL3 is the utility token powering the OVAL3 fantasy gaming ecosystem. All economic activities and interactions within the OVAL3 ecosystem will be carried out using the token. $OVL3 is an essential part of OVAL3 ecosystem and it has key mechanics that makes it indispensable to the platform. The key utilities of $OVL3 are;

In-game currency

$OVL3 will be used as the main in-game currency which will allow more granular control over it, and providing a more gradual progression curve for players.

It is limited in terms of supply, and serves the following purpose:

• Purchasing in-game assets: users will need to spend $OVL3 to acquire new cards from the primary market and trade cards on the secondary market.

• Participating in training: Players need to spend $OVL3 each time they train their cards to gain more experience points (XP). Applies only to player cards.

• PvP Entry Fees: Players must spend $OVL3 to take part in PvP competitions.

• Ecosystem engagement incentive: a controlled amount of $OVL3 will be given out regularly as rewards to eligible winners. As the game advances, the ratio of tokens awarded to winners will be adjusted in order to re-balance the game economy and preserve the value of the token. This ratio will be influenced mainly by the number of users entering the ecosystem as well as the volume of transactions on the platform.

$OVL3 Staking

OVAL3 introduces a compelling utility for its native token, offering users a gamified staking mechanism with a range of enticing perks. By staking OVAL3 tokens, players can unlock various tiers/levels, each accompanied by exclusive benefits and rewards within the game.

Through this tiered staking system, players are incentivized to actively engage with the platform, contributing to its growth and community participation. As users stake OVAL3 tokens, they not only gain access to discounted prices on card purchases and event tickets but also enjoy additional perks, such as limited edition card releases and early access to new features (PvP, GOVAL3...).

Since the OVAL3 playing cards can be traded on any compatible Web3 NFT marketplace, to drive the majority volume through the OVAL marketplace, a bonus incentive will be offered to users who choose OVAL3 as their priority trading marketplace.

Fan experience - Meet “n” Greet

Fans have the opportunity to unlock exclusive access and unique interactions with their beloved rugby stars, creating unforgettable moments and forging deeper connections within the community. Using the OVL3 token, fans can participate in physical meet and greet sessions with players, where they can engage in live Q&A sessions, obtain personalized autographs, or just engage in friendly conversations.

In addition, the OVAL3 token can be used to redeem VIP experiences during a major rugby event, live events, such as attending exclusive player-hosted watch parties, joining backstage tours, or enjoying pre-game warm-up sessions. These unique opportunities enable fans to witness the behind-the-scenes aspects of professional rugby, getting up close and personal with the players, and gaining a deeper appreciation for the sport.

Ecosystem Fan Token

OVL3 serves as a groundbreaking concept within the OVAL3 platform, designed to establish itself as the reserve currency for all clubs associated with OVAL3. As a fan token, clubs can create a unique experience for their fans. For example, token holders can gain exclusive access to premium content, such as behind-the-scenes footage, interviews with players and coaching staff, and exclusive match highlights.

Moreover, using OVL3 as a fan token will enables fans to actively participate in club decisions through voting mechanisms. Fans can vote on various matters, such as the team's jersey design, player of the match, or even potential signings.

Finally, clubs can reward their most loyal and engaged fans with special incentives and benefits tied to the Ecosystem Fan Token. This may include VIP experiences, personalized messages from players, or even invitations to exclusive events and celebrations. By recognizing and appreciating their dedicated fan base, clubs can strengthen the bond between fans and the team, fostering a vibrant and passionate community.

$OVL3 Token Buy Backs

As part of our commitment to providing ongoing support and creating additional value for our users, we will be implementing periodic buybacks. Through these periodic buybacks, we aim to provide liquidity and incentivize our users to engage with the platform. By repurchasing tokens from the market, we demonstrate our commitment to maintaining a healthy token economy and creating a positive cycle of value creation. The buyback mechanism will be designed to align with the long-term vision of OVAL3, ensuring that it benefits both the platform and its dedicated community.

As we work towards finalizing the specifics of the buyback mechanism, we will keep our community updated with the latest developments. We value the feedback and input of our users, and we are dedicated to implementing a buyback program that provides meaningful benefits and fosters a sustainable and vibrant ecosystem.