🔘xDUEL Token

xDUEL is a representation of staked DUEL. It's a non-transferable and non-tradeable token, designed specifically for staking. Which unlocks various benefits within the Duelyst Vanguard ecosystem.

The only way to receive xDUEL tokens is by converting DUEL to xDUEL on the Monolith DApp. xDUEL can be burnt and redeemed for DUEL with varying rates and redemption periods. Read more about DUEL and xDUEL at Staking Terms

Token Utilities	Description
Governance	Holding xDUEL empowers players & community to engage in the governance process via a decentralized autonomous organization (DAO), involving development proposals and voting mechanisms. Matters concerning platform operations and development are subject to voting based on xDUEL holders' preferences. To incentivize user participation in the voting process, rewards will be offered for voting actions.
Staking	By actively participating in staking of xDUEL, members supporting the Duelyst Ecosystem can earn rewards in xDUEL tokens. These rewards are an incentive for their engagement and support.
Rewards	Buy-Back to Reward, Play-to-Earn (BBRP2E) mechanism. Developed and pioneered by Duelyst Vanguard. Through this innovative approach, players have the opportunity to earn xDUEL by engaging in various actions, from gameplay to staking. This unique design alleviates concerns about token inflation, as most of reward tokens are sourced from Buy-Backs on decentralized and centralized exchanges. The Buy-Backs are funded by the revenue generated from in-game asset sales, addressing a significant challenge in Play-To-Earn Tokenomics.