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Bitcoin News

Wolf Game Introduces ERC-20 Token as Wool Pouches

The game developer has ensured players to protect Wolf game NFT as well as governance token, $Wool.

Written By:
Rajpalsinh

Last updated: November 25, 2021 1:27 PM
Published November 25, 2021 1:27 PM
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Last updated: November 25, 2021 1:27 PM
Published November 25, 2021 1:27 PM
Wolf Game Introduces ERC-20 Token as Wool Pouches

In Brief:

  • Wolf Game disclosed some details to protect in-game governance token, $Wool
  • The developers ensured players that they will leverage sensible tokenomics to maintain the game’s integrity
  • ERC-20 token will be introduced as a Wool Pouch.

A day after the announcement of the plan to continue the game, Now the Wolf Game came forward once again with more specific details to protect “the long-term health” of $Wool. Users can earn the $Wool, which is the governance token of the game.

My duty is not only to ensure the immediate and safe rescue of your tokens, but also to protect the long-term health of our precious $WOOL.

I present to you a plan for $WOOL.

1/10 pic.twitter.com/TGd6Y0cDIC

— Wolf Game (@wolfdotgame) November 25, 2021

Earlier In the game, the Shepard was about to bring 40,000 Gen 1 Sheep and Wolves to the farm after burning 1.8 billion $Wool tokens. But due to technical errors, only 3,809 were allocated, which has increased the rarity level of Sheep and Wolves and left the 1.7 billion Wool unburned.

The developer ensures to leverage sensible tokenomics to maintain the game’s integrity as well as protect all wolf NFT such as Wolves, Sheep as well as Farmers.

Also, The developer has introduced the finite number of ERC-20 tokens or Wool Pouches, which will be associated with tradable NFTs. Each and Every Wool Pouches will come with a finite Wool supply. Initially, 10,000 Wool will be allocated among the minter, this will create an opportunity to burn 10,000 Wool in exchange for a Farmer.

After that, the remaining Wool from the pouches will be available for the next 4 years and at a constant rate. Players will be allowed to claim unlocked Wool or Wool Pouch. 

Also, The developer has left some details with captions and added that more details will be revealed tomorrow. 

Yesterday, Wolf Game revealed a plan on Twitter to continue the game from phase 1 and announced a $10,000 bug bounty program.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Rajpalsinh
Meet Rajpalsinh, a Content Writer at The Crypto Times, where his magical hands, with over 2 years of experience, transform the cryptic world of crypto into laughably simple tales.

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