Ookeenga Token (OKG) is a BEP-20 fungible protocol token of the Ookeenga Platform, being a transferable representation of attributed governance and utility functions specified in the protocol/code of the Ookeenga Platform, and which is designed to be used solely as an interoperable utility token thereon. OKG holders will be able to earn $OKG rewards when they stake their tokens, play the game, and participate in key governance votes. Players will also be able to earn $OKG when they engage in various activities within the game.
Our key goal is to:
Reward players for playing the Ookeenga game and supporting the Ookeenga Platform.
Decentralize the ownership and governance of Ookeenga.
We also introduce the Community Treasury, which will begin to receive revenues generated by the Ookeenga Platform. It is envisaged that this treasury will be governed by $OKG stakers eventually to be applied towards platform and community development activities when the network becomes sufficiently decentralized and provided always that such transition towards a decentralised, self-governing DAO is done in a legally compliant manner, in particular ensuring that $OKG is not deemed in any circumstances to be a security or equity-like interest.
The Treasury receives inflows from:
- NFT marketplace transaction fees.
- The OKG portion of the breeding fee.
More streams will be added in the future from tournament entry fees, licensing fees… and potentially other future opportunities.