Disclaimer: The text below is a press release that was not written by Cryptonews.com.
On April 25th, CryptoTycoon which based on the DeFi light game on Binance Smart Chain has make open to the public its official website. At the same time, the security audit company Chainsguard also announced that it has completed the smart contract audit of CryptoTycoon governance token CTT not long ago, which means that the timetable of CTT start circulating is getting closer and closer.
CryptoTycoon is a platform that gamifies DeFi product. Initially, CryptoTycoon will start from the design of the DeFi product, and then gradually incorporate it into the Monopoly game to present it its players.
Players can spend BNB, BUSD and other BSC tokens in the game to get the chance to roll the dice to participate in the game, and build different types of houses on the grid to participate in game mining after CryptoTycoon is launched in the future.
In the meanwhile, CryptoTycoon also has dividend model and burning mechanism. For example, if the player has constructed a house or shop and cannot pay taxes with BUSD or BNB on time, it will be removed. All taxes paid by players will be included in the tax pool (dividend pool) which it’s used to distribute BUSD and BNB rewards to all CTT holders.
The total supply of CTT is 1 million, on-chain transfers will burn 5% of its transaction amount. For every 10% increase in the CTT circulation scale, the mining output will be reduced by 50%. The members of CryptoTycoon who designed these mechanisms are all come from Tencent, Activision Blizzard and other well-known companies in the game industry.