# Arena Token (ARENA)

## **Token Summary**

* Ticker: ARENA
* Token address: 0x2A17Dc11a1828725cdB318E0036ACF12727d27a2
* Chain: Binance Smart Chain (BEP-20)
* Capped Supply: 10,000,000

## **Emission Rate**

The initial emission rate will be 0.1 ARENA per block

* 90% will be emitted as a reward to the farming ecosystem
* 10% will be sent to the developers' addresses for marketing purposes, payout, and to fund future partnerships and strategic developments

## Token Utility and Burning Mechanics

1. The Arena & Major Gladiators

* Bets on gladiators
  * 3% of the pot will be burned for every battle
  * 25% of the jackpot will be burned
* Initial offering of Major Gladiator NFTs
  * 85% of the raised fund will be burned

2\. The NFT Collectible Game & Minor Gladiators

* Pyramid Royale
  * 25% of pot will be burned (to be confirmed)
* Gladiatorial Odyssey
  * 80% of entry fee will be burned (to be confirmed)
* Purchase loot boxes of Minor Gladiator NFTs and game item NFTs
  * 85% of the sales will be burned

3\. Deposit fee

* The deposit fee for staking will be used to purchase ARENAs later.
* 75% of deposit fees will be used to buy back ARENA tokens and burn them.
* At the beginning of the ecosystem's development, we will manually burn the transaction fee to stabilize the price in case of market dumps.