Realm Token Improvements and more

Realm of Karitha
2 min readJan 3, 2023

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The New Beginning

With new backing from our Web3 partners, we will continuously release updates on our DAPP tunnelling towards our blockchain-integrated turn-based web game. At the start of the new year, with support from our partners,

Rebranding and expanding Karitha into an ecosystem starts with creating a platform for everything Web3. The new DAPP development, led by Luckybirds, will be the foundation of Web3, with future expansion planned

  • New Innovative Staking Programs
  • New NFT burning mechanisms
  • Web-based Web3 game
  • New $REALM utility
  • Turn-based Web Game
  • Marketplace

Realm Token Changes

Overview

$REALM is the token of the Realm ecosystem, the brand that will encompass all products, services and projects undertaken.

The changes reduce the circulating supply. The treasury focuses on automating redistribution to long-term holders while increasing the locking threshold to five years for the team and three years for future investors.

Token Distribution

Team & Advisors

  • Amount: 15,000,000 | 3%
  • Amount: 35,000,000 | 7%
  • Locked: 12 60 months
  • Vesting Schedule 36 months
  • Unlocking Schedule 3 months Increments

Genesis Staking

  • Amount: 100,000,000 | 20%
  • Vesting Schedule: 10 years
  • Unlocking Schedule: 24 hours

Marketplace

  • Token: REALM
  • 3% fees burn

Treasury Mechanic

Funds will be used to buy Genesis buildings and stake them for ten years; the REALM generated will be used to reward holders who lock their Genesis NFTs.

New Staking Mechanism ****

With the traditional way of staking, users lock tokens in return and receive an amount back based on the coded SC issuance.

We will introduce a new feature where users will swap REALM with an SFT, producing more REALM each month and claimable over an extended period while the amount they stake initially gets burned.

Realm Utility

Treasury

  • REALM will buy genesis buildings and stake
  • The rewards from the staking of genesis buildings will be provided to holders who stake and lock their NFTs for extended intervals (3 months, 6 months, etc.)
  • REALM will buy Karitha NFTs at the floor price which are listed in REALM and burn the selected NFT

Public Token Saleis

Fair launch fixed price

Amount: 50,000,000 | 10%

Price: TBC

Date: TBA

Funds Usage

  • Physical Store Expansion
  • Team Expansion
  • Digital Expansion
  • Buy Genesis & Stake
  • Buy Karitha NFTs & Burn
  • Stake $eGLD
  • IDO

Token Sale Benefits

First 700 Sales of over 4,000 REALM

  • 1 Land Airdrop per ERD address

Over 20,000 REALM

  • Listed on our credits of the game

350,000 REALM

  • Custom building design

750,000 REALM

  • Custom decorative assets for their community
  • Custom buildings for their community
  • Customised Public Location
  • Land Size of 250x250

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Realm of Karitha
Realm of Karitha

Written by Realm of Karitha

The Realm of Karitha is a 2D Metaverse based in a medieval fantasy setting where players are able to embark on their virtual adventure.

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