Pteria DAO presents the PTERIA Token
Blockchain technology, and cryptocurrency in general, have been one of the best innovations of the decade, but they are still little used worldwide. However, the adoption of crypto could grow once they reach very popular niches such as Gaming. For this reason, we need Gaming Currency, which is Tokens created to be used in the most popular games. And here comes Pteria DAO with its governance token, known precisely as PTERIA.
What is the PTERIA Token
The PTERIA Token is the Pteria DAO governance Token and was created to be distributed to third parties. The DAO, therefore the token holders, have the right to make proposals or vote on proposals already published. A great example is a collaboration between Pteria DAO and the Wallem application, a game similar to Pokemon GO where users can walk around collecting tokens and maybe even win cash prizes (branded accessories, discount coupons, and so on). Wallem has been sponsored by PewDiePie, the world’s most famous YouTuber with 107M of subscribers.
But Wallem is only the first game to use the PTERIA token. DAO is already working on other agreements to bring many more games to the crypto sector and to continuously increase interest in PTERIA. Every time Pteria DAO signs an agreement with a new APP, the DAO donates several tokens to that APP that will be used in the game and then burned. Once the tokens are finished, the App in question will have to buy more tokens on the exchanges creating a continuous demand and valuing the token accordingly.
NFT, Staking, and BURN
Pteria is a real market changer in terms of the structure, especially as far as the NFTs are concerned. The first two series represent PewDiePie (2 NFTs out of 6 already sold for 60 ETH each) and Pug Dog (100 on sale, 85 still available), two SKINs available in the Wallem game. Obviously in the future other NFTs will be created that will represent other SKINs from Wallem or NFTs for the next Pteria DAO partners. What’s great is that the income from these NFTs has so far been used to buy PTERIA tokens from Uniswap and then to burn them, decreasing Pteria’s Total Supply.
The Burn, however, comes not only from NFT proceeds but also from all the tokens donated to the applications that make deals with Pteria DAO. To make an estimate, in the first week after the official launch, Pteria DAO has already burned more than 70,000 tokens (worth over $140,000). To keep track of the burns, simply log on to Pteria.org where there is a direct link to the Burn Address (at the moment the burn Address is one of the top 10 token holders).
Mentions of Pteria
Despite being a brand new project, Pteria has captured the interest of many influencers, being mentioned by famous crypto websites like Bitcoin.com, NewsBTC.com, Decrypto.com, Cryptonomist.ch, and many others.
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Bitcoinist, @Khareem Sudlow