What is Primate (PRIMATE)?
PRIMATE is the core of the play-to-earn system being added to Benji Bananas. Players will be able to earn PRIMATE Tokens when playing the game, and these tokens will be swappable for other fungible tokens in the Animoca Brands ecosystem (including REVV, TOWER, GMEE, QUIDD and PROS).
The main PRIMATE pairing will be with ApeCoin [APE], the ERC-20 token issued by ApeCoin DAO and used by the ecosystems created by Yuga Labs and the Bored Ape Yacht Club. The depth of the PRIMATE/APE pool is determined by primary purchases of the Benji Bananas Membership Pass.
How Many PRIMATE Tokens Are There in Circulation?
The total supply of PRIMATE is 2,060,000,000 tokens, all of which are minted at once, and released only through two specific systems: the Play-to-Earn Pool and Liquidity Allocation, and a Reserve Treasury and Marketing Allocation. All of the tokens will be minted directly to the four allocations below;
- Play-to-Earn: 235,000,000
- Liquidity: 125,000,000
- Treasury: 1,500,000,000
- Marketing: 200,000,000
TOTAL: 2,060,000,000
How Does Play-to-Earn Work?
When a Benji Bananas Membership Pass sale is effected, an equivalent amount of PRIMATE is moved from the Reserve Treasury to the Liquidity Allocation, and an equivalent amount is sent to the Play-to-Earn Allocation. It is this Play-to-Earn Allocation of PRIMATE that will be earned by players, with this pool increasing with every primary sale of Benji Bananas Membership Passes.
What is the Liquidity Allocation?
An allocation of PRIMATE is made available for each Benji Bananas Membership Pass sale and Play-to-Earn event cycle. Event cycles are the time between the current Membership Pass sale and the next Membership Pass sale. During this period there will be Earning Events to allow Membership Pass holders to earn PRIMATE Tokens.
Membership Passes are purchased using APE, and the APE received in this manner serves as the foundation for the APE/PRIMATE pool on SushiSwap. With each sale, an equivalent amount of PRIMATE is moved from the Reserve Treasury to Liquidity Allocation. This Liquidity Allocation is then used to set up a pair, or add liquidity post the initial creation of the pool.
Reserve Treasury
The Reserve Treasury is where all of the supply of PRIMATE is held until it is needed for liquidity pool set-up or adding, or for the distribution of Play-to-Earn rewards. After the initial minting of PRIMATE, funds are never added back to the Reserve Treasury.
Marketing Allocation
An allocation of PRIMATE is made available for marketing and community-building events and activities. This allocation will be used to reach and engage the active community, broaden the exposure of Benji Bananas and PRIMATE token and grow organic engagement.
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