FINA Tokenomics: Utility and Governance

Defina
4 min readDec 9, 2021

Hello, Definians! 🌟

Wondering about the FINA you have been using all this time? The token that you use to purchase mystery boxes, trade in the marketplace, and the rewards for playing in the open beta? Well, you are in luck! This article explains what FINA is and its tokenomics! We will break down each role on what FINA does into the Defina ecosystem.

Take a seat and let’s learn more about FINA!

FINA Token Overview

FINA token is used as a governance and utility token in the Defina Metaverse. It is structured to reward and incentivize players that actively contribute to the growth of the community and being competitive players within the metaverse.

Here’s an overview of $FINA Token Allocation and Vesting Distribution in our gitbook:

FINA Utility

FINA holds a lot of power and uses inside Defina. It is the lifeblood that powers and cycles throughout the entire Defina ecosystem.

FINA can be used for the following:

  1. Game Currency: Use FINA to purchase game assets
  2. Governance: Hold FINA to suggest and vote for new features of the game.
  3. Token Staking: Provide Liquidity reward to FINA liquidity providers
  4. Game Rewards: Player gets incentivized in FINA for playing the game.

Let us take a closer look at the aspects that hold power to the future of Defina

Game Currency
FINA acts as the main currency of the Defina ecosystem. It has multiple purposes such as:

  • Purchasing Mystery Boxes to mint your Hero NFT
  • Purchase in-game consumables such as stamina potions & rebirth crystals.
  • Buy, Sell, and Trade Hero NFTs in the secondary marketplace.

Governance
FINA holders will have direct voting power over how Defina will develop. This goes in line with our decentralized nature where the community leads the future of the game. The Defina team will listen and accommodate the suggestions and feedback of the holders. Your wish is our command.

Token Staking
Holders who have staked their FINA into liquidity pools in decentralized exchanges (DEX) will be rewarded a proportion of our reserved tokens.

Game Rewards
FINA is used as a reward and incentive for competitive players who go through the journey of playing Defina. Here are the ways players can earn FINA:

  1. Winning in Adventure Mode
  2. Winning in Arena Battle
  3. Climbing the Arena Leaderboards every season.
  4. Seizing Mines in the Mining Pool to Yield Farm FINA tokens
  5. Staking FINA in-game yields more FINA to be harvested.

Overview of the FINA Economy

Read below for a more in-depth explanation regarding the token distribution to the Defina Rewards pool.

1. Mystery Box Sales + Secondary Marketplace 3% Trading Fee

FINA tokens that are used in NFT-related sales such as mystery boxes and marketplace trading fees will be allocated as follows:

  • 60% — Game Rewards Pool (PVP Arena Rewards Pool, Mining Rewards Pool)
  • 30% — Operations, Marketing, Community Events, Liquidity Pool, Game
    Developments, B round Investments.
  • 10% — Burned

Up until today, we’ve got 949,171 FINA in NFT sales and 64,642 FINA collected from the marketplace trading fee.

2. Purchased In-Game Items in Defina

All $FINA Tokens consumed in-game will be returned to the Rewards Pool. This means, the more you use stamina potions, breakthrough potions, rebirth crystals, you are helping the Defina economy thrive.

3. $FINA Processing and Withdrawal Fees

The withdrawal fee will be used to pay the transaction gas fees first. The remaining FINA will then be added to the game rewards pool. Take and give back to the community! Some percentage of the withdrawal fee/tax will be burned and sent to the black hole to deflate FINA in the long term.

Our GameFi and Metaverse journey has just begun. Everything is subject to change as our community grows and develops. The Defina team may reduce the token burning rate and increase development shares due to ever-increasing development costs coming from exciting new game modes, new Hero NFTs, QoL updates, server capacity upgrades and so much more.

About Defina Finance

Defina Finance is a fascinating blockchain game that combines the concept of Defi and NFT. Players can buy or collect various NFT Mystery Boxes to get heroes & weapons as well as fight and enhance their champions to learn skills in numerous game scenarios. Players can participate in Defi yield farming and earn abundant on-chain earnings while enjoying a fun and strategic game with PVP and PVE modes. Defina’s vision is to bring blockchain to millions of players, allowing them to explore a new form of gaming through blockchain technology. Come create-to-earn with us as we build the Defina metaverse together!

Define your destiny, conquer your enemy & earn FINA daily!

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