🥃$RUM

What is $RUM token?

$RUM is a limited-supply, deflationary utility token used to purchase in-game services. It is designed to fuel the reward system for players.

When in-game services are purchased, there is a deflationary process in the following proportions:

• 50% of all spent tokens will be burned. • 5% goes to the staking contract for staking rewards. • 25% goes to the Pirate King Treasury. • 20% goes to the company for maintenance and development of the game.

The systematic burning of $RUM token will result in its deflation, due to the decreasing number of tokens in circulation.

Ways to obtain $RUM

$RUM token, can be obtained by: • exchanging stable coin for $RUM . • exchanging $ARRC for $RUM . • purchase through a payment processor . • rewards for players who have won battles. • actively fought in the battle arena. • Burning sugar cane in the Distillery facility.

What can a player use $RUM token for?

The $RUM token, the player can use for: • Reproduction of NFT Young Pirates. • Minting NFT items. • Minting $ARRC token. • Creating new NFT items in the game, from components and raw materials in their possession. • Purchasing NFT Islands. • Purchasing NFT Ships. • Purchasing NFT Pirates. • Upgrading NFT items. • Purchasing Magic Gems.

In Addition, $RUM can be utilized in staking

Staking means locking up $RUM token for a certain amount of time to receive an in-game currency $ARRC rewards from a staking pool. At the beginning, the tokens for this pool are released from the initial tokenomy. As the game progresses, this pool is supplied with a portion of the tokens spent by players on in-game services, as is the case with the Pirate King Treasury.

Some buildings (for example, the Bank) can increase the portion in the staking pool.

Player can decide to stake $RUM for other purposes, like stake to Whitelist or Stake to Own NFT rewards.