Decentral Games

Background:

The ICE token plays a pivotal role within the Decentral Games ecosystem, especially as the primary reward in our play-to-earn gaming model. With the dynamics of the “burn to earn” system and various economic strategies applied over time, there have been suggestions and potential shifts in its distribution and management. A previous proposal suggested that if the “burn to earn” exceeded 1, any excess ICE would be airdropped amongst aaw holders. As the landscape changes, it’s vital to reevaluate and adopt strategies that support the ICE economy and enhance the benefits for our community.

Proposal:

1. ICE Buyback and Burn: Decentral Games commits to allocating 20% of the casino profits from any given token towards the buyback of ICE, subsequently burning it. This action will be undertaken regardless of the “burn to earn” ratio’s standing.

2. Removal of Surplus Airdrop: The prior proposal, which envisioned a surplus airdrop mechanism distributing any remaining ICE among aaw holders if “burn to earn” was above 1, will be abolished.

Rationale:

The changes proposed are rooted in multiple objectives:

1. Bolstering the ICE Economy: Implementing a buyback and burn strategy effectively reduces ICE’s overall circulating supply. Assuming consistent or increased demand, this reduction should lead to an increase in its value. This proactive measure is aimed at supporting and fostering growth within the ICE economy.

2. Promotion of ICE Retention: The buyback and burn mechanism is expected to act as a catalyst, urging users to acquire and retain their ICE tokens in anticipation of potential value upticks given its deflationary aspects.

3. Advantage to aaw Holders: Discontinuing the surplus airdrop means aaw holders aren’t just on the receiving end of a fleeting token surge. They are positioned to gain from the long-term appreciation of ICE’s value, reflecting in the valuation of their NFTs and the enhanced USDC rewards they accrue daily.