Introducing Land and $EXP

Another legendary Scholarz born!

SKOOLVERSE LAND

  1. Endowment fund → Read further to understand
  2. Classroom tax → A portion of tax taken from whoever earns $EXP from learning via Scholarz Classroom
  3. Playground tax → A portion of tax taken from whoever earns $EXP from playing mini games in Scholarz Playground
  4. Battleground tax→ A portion of tax taken from whoever earns $EXP from [Redacted] in Scholarz Battleground
  1. Each Genesis Scholarz is eligible to claim a land.
  2. Each land will be able to host 1 of any Scholarz you have via staking mechanism
  3. For a land to start working, it must be active. That means, a Scholarz must be there doing work for at least 2 weeks.
  4. Each land will have level upgrades. The more developed a land is, the more structures can be built, resulting in more utilities. This goes without saying, but upgrades only work on active lands.
  5. Land can be listed and sold, whether it has a tenant or empty. Technically, only the tenant is locked.
  6. Whenever an owner of active land changes due to transfer or sale, the land must be reactivated again per point number 3. However, all upgrades remain intact.
  7. Structures can be upgraded too. The higher level the structure, the better utility it gives. First structure that will be launched is Level 1 House (where your piggybank will be) which will cost you some $EXP to build

$EXP Token & Tokenomics

  1. A maximum of 250,000 $EXP will be minted every weekdays, distributed across homeworks in the beginning, but will be further spread across Classroom/Playground/Battleground in the future.
  2. There will be no cap for the supply, but expect 90–95% burn target for the token.
  3. Liquidity will be started at $0.1
  4. There will be 10% buy tax for every purchase that will be burned. Example: when you buy 1000 EXP, you will receive 900 EXP and 100 will be burned.
  5. There will be 10% sell tax for every sale that will be going to treasury, where 50% will go to Endowment Fund, 40% will go to EXP Shop Fund that aims to further reward our holders, and 10% will go to team development budget.
    Example: when you sell EXP and get 1 ETH, 0.1 will go to treasury where 0.05 will be directed for Endowment Fund, 0.04 for EXP Shop Fund, and 0.01 for team development budget.
  6. The first structure available in your Skoolverse Land would be Level 1 House. Your L1 House will provide you proportional ownership to Scholarz Endowment Fund which will be filled by burn recovery reward and $EXP sell tax.
    Example: Say 100 people have staked L1 House and Endowment Fund has 10,000 $EXP and 10 $ETH. By distribution time, each house will receive 100 $EXP and 0.1 $ETH. Details about burn recovery, distribution method, and other related mechanics will be shared in the next update close to the release.

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Scholarz is a collection of ERC721 tokens based on ethereum blockchain, focusing on learn to earn concept with playground.

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Scholarz NFT

Scholarz NFT

Scholarz is a collection of ERC721 tokens based on ethereum blockchain, focusing on learn to earn concept with playground.

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