Egretia Educational Series 4: What Is the Utility of EGT?
Welcome to the educational series of Egretia. Here we discuss all the different components of the Egretia ecosystem.
EGT: A Multi-Utility Token
To succeed inside the crypto space, the token of a blockchain ecosystem needs to have a utility in order for the platform to evolve and the token to increase in value. Egretia finds itself in a unique space here as its token utility has many unique use cases and will continuously get layers of value-added. Below you can find some examples of how to use Egretia’s token, Egreten (EGT), and its value inside the ecosystem.
- Users can use EGT as the currency to buy in-game assets, pay for content
- Users can use EGT to take part in lotteries, discounts, and other promotional activities
- Through the Egretia Network, users can participate in Initial Game Offerings (IGOs) of games they support through the usage of EGT and receive certain incentives
- Developers and content publishers can use EGT to advertise their products and services on the advertising platform of the Egretia Network
- Distributors of content and users from the media industry can obtain EGT through content distribution and advertising
Below you can find a visualization of the EGT ecosystem and the token utility:
Stretching the Horizons
Egretia will also soon launch its digital wallet based on the unique token passports of users in order to ensure the safe storage of virtual assets, goods, crowdfunding rewards, platform incentives, and more.
As many of you know the recent partnership with Hydax introduced cooperation to expand the utility of EGT, which focuses on developing (1) a gaming incubation, (2) expand the gaming engine and (3) develop a platform for IGOs.
Egretia’s aim is, therefore, to help foster high-quality industrial projects and expand the application scenarios of blockchain gaming in order for us to promote the prosperity and development of the blockchain gaming economy as a whole. This is just the beginning!
Next week the next educational article will be published discussing how Egretia’s core product architecture works. If you have anything you like us to write about please visit our Telegram channel and let us know: https://t.me/Egretia. Stay tuned!