In-platform currency
Last updated
Last updated
The Wonderlive has its own in-platform currency — WONDER. There are multiple advantages for the ecosystem to host our own currency. Primarily, this currency regulates all value transactions within the Wonderlive platform.
Examples of those transactions include:
· Buying tickets to exclusive events such as music concerts, dance shows, art exhibitions, meditation seminars, among others.
· Users can tip content creators with WONDER.
· Requesting 1:1 call with Certified Creators.
· Unlocking unlimited access to Fanclubs and exclusive perks.
· Buying merch and NFT within the Wonderlive Marketplace.
Blockchain-powered currency
Wonderlive is built for freedom. We empower users to liberate themselves from Earthly limitations at many different levels. This inspired us to take the concept of in-game currencies and enhance it with blockchain technology. Transitioning from a centralized in-game currency model to a decentralized scheme offers various benefits for all Wonderlive participants: A decentralized purchasing mechanism opens new possibilities for users to access discounts.
Decentralized pricing
Regular in-game currencies are typically acquired through the official site of the game. Users convert their fiat money for the in-game credits. In this scenario, only the developer has the power to set a specific conversion rate. With WONDER, there are other options. As a cryptographic token, WONDER is featured on top of digital asset exchanges worldwide. This enables users to purchase WONDER straight from the open market instead of a single provider.
Participants can also purchase WONDER straight from the Wonderlive platform using payment cards. The fixed conversion rate is equal to $X per WONDER. This conversion rate is subjected to changes depending on multiple product and market related factors.
Full transparency
One of the key downsides of centralized in-game currencies is the lack of transparency, which exposes users to all sorts of manipulation. WONDER, on the contrary, runs on the blockchain — a reliable, public network. All transactions are recorded on this blockchain. Everyone can access the public ledger at all times.
True ownership
With traditional in-game currencies, users can purchase digital items. For instance, a hat. But... does that hat really belong to the user? Despite paying a price for it, ownership on those assets remains on the hands of the developer. With WONDER, users can mint non-fungible tokens (NFTs) that give them true, absolute ownership over certain digital items.