​​ Hello, Iguana community! Our app release is soon and it’s | IguVerse

​​ Hello, Iguana community!

Our app release is soon and it’s time to discuss our in-game economy — the utility of $IGU and $IGUP tokens.

$IGU is the governing token of the game, controlling the economy flow and giving you the access to the game. Now we’ll have a more detailed look at its utilities:

• Governance. We are planning to create a DAO through which you’ll be making major decisions. Considering how big our project is going to be — we aim to bring millions of users into Web3 — there will be a lot of demand for $IGU from users who want to be a part of the decision-making process for such a huge game!
• $ IGU Staking! According to our analysis, retention numbers should be quite high and staking should prevent selling pressure.
• You will also be able to mint your NFTs 2.0 with $IGU! We turned the minting process into a burn mechanism for our tokens. Imagine thousands and later millions of users burning up to 30% of $IGU with every NFT they mint — this buying pressure coupled with the other utilities and the limited supply of just 400kk tokens will make $IGU one of the most valuable crypto assets. The line goes up!

Now it’s $IGUP’s turn — this is the main in-game currency used both for rewarding users and in-game purchases. So, let’s see what it’s all about:


• You can level up your NFT pets and it influences your in-game rewards AND makes your NFT more valuable.
• You can buy Boosters and other NFT upgrades — the addition to make your rewards skyrocket!
• Although $IGUP has unlimited supply, it’s deflationary by design. Why? Well, because our tokenomics experts put a lot of effort into developing burn mechanics that offset the inflation.

At the Token Generation Event, there will be only 3.6 million $IGU and this token will be in high demand due to the NFT mint. The initial scarcity of the token in the first month (only 5% of the Private Round is to be unlocked) reinforced with the NFT Mint demand will be a great price driver.

The economy is well-balanced to maintain sustainability
You can use these tokens to try new concepts such as socialize-to-earn and NFT 2.0.