With the close of our very first funding round, and the game’s release in the first quarter of this year, it’s time for another reveal: the Forgotten Playland token, $FP. This token will be the center of the game, and all of its utility will be housed within Forgotten Playland.

In this article, we will share more insights on the utility of the token, and the distribution of the token as initially designed.

The center of the playground

Forgotten Playland is a rich environment full of activity and joyful nostalgia. Given the extensive possibilities of cosmetics and the economization of the game, we’re determined to have all utility of the Forgotten Playland token to be within the game itself.

The main utility of the token is as follows:

Native currency for the in-game store: Within the Forgotten Playland there will be a store where players can acquire items to enrich their gaming experience. The store will include a grand variety of items that players can purchase, such as:

• Cosmetics: This could be standalone trait cosmetics to upgrade their character or full sets of cosmetics that consist of multiple traits. Both of these can and will vary in price depending on their rarity.

• Tournament tickets: Given the competitive nature of Forgotten Playland, tournaments will be frequently hosted. To participate in these tournaments, players may have to purchase tickets for individual tournaments or multiple tournaments at once.

• Toy Boxes: Acquire a variety of standalone cosmetics from all rarities with these Toy Boxes. New Toy Boxes may be introduced with special events. More details on the Toy Boxes will be shared in due course.

We are currently brainstorming a wide range of other utilities for the FP token that is scheduled to be introduced soon after the game’s launch. Do know that we intend to have all the utility happen inside the game.

Token economics

The total supply will be set to 10,000,000,000 (10 billion) FP tokens with no possibility for future increase in the token supply, and will be distributed as follows following the token generation event (TGE):

• 20% Game Reserve - Will be reserved for further expansion of the game (unlocking monthly over 48 months)

• 30% Community Incentives - Will be reserved for various community incentive purposes, including incentivation to play and be involved with the game

  • 10% of the 30% to be unlocked at TGE - The remaining 90% of the 30% is unlocking monthly over 24 months

• 25% Seed Contributors* - Will be allocated to seed contributors of the project

  • 10% of the 25% to be unlocked at TGE - The remaining 90% of the 25% would be locked-up for 3 months, then unlocked monthly over 18 months

• 25% Contributors & Advisors* - Will be allocated to the existing core contributors and future contributors (including future hires) working on the project (locked-up for 6 months, then unlocked monthly over 24 months)

The initial circulating supply will be 550,000,000 FP tokens (5.5%) based on the 10% of the Community Incentives and 10% of the Seed Contributors allocations being unlocked at TGE. FP tokens allocated for Game Reserve and Community Incentive purposes will not necessarily be brought into circulation at once when they reach their respective unlocks, as these FP tokens will only be utilized to benefit the game when relevant.

* Any unused portion of the 25% allocated to Seed Contributors and 25% allocated to Contributors & Advisors may be reallocated for Game Reserve or Community Incentive purposes.

Stay tuned as we explore the Forgotten Playland!

Website: forgottenplayland.com
Discord: discord.gg/forgottenplayland