🪙Currencies

Currencies of Salo Players

There are 3 types of Currencies in Salo Players

$SALO

The native cryptographically-secure fungible protocol token of Salo Players (ticker symbol $SALO) is a transferable representation of attributed utility functions specified in the protocol/code of Salo Players, and which is designed to be used solely as an interoperable utility token thereon which is recorded on the blockchain.

$SALO is a functional multi-utility token which will be used as the medium of exchange between participants on Salo Players in a decentralized manner. The goal of introducing $SALO is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Salo Players without any intermediaries such as centralised third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. $SALO does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $SALO entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. $SALO may only be utilised on Salo Players, and ownership of the same carries no rights, express or implied, other than the right to use $SALO as a means to enable usage of and interaction within Salo Players. The secondary market pricing of $SALO is not dependent on the effort of the Salo team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

Further, $SALO provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Salo Players, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $SALO are an integral and indispensable part of Salo Players, because without $SALO, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Salo Players. Given that additional $SALO will be awarded to a user based only on its actual usage, activity and efforts made on Salo Players and/or proportionate to the frequency and volume of transactions, users of Salo Players and/or holders of $SALO which did not actively participate will not receive any $SALO incentives.

Byte

When playing PVE, you will receive a kind of in-game currency called [Byte]

[Byte] is used for:

- Upgrading Character/Gun

- Evolving Gun

- Buying turn in PvP

- In-game Shop

iSalo

As part of the user incentives to encourage user engagement, players which participate in PvP will receive a kind of in-game currency called [iSalo]

[iSalo] is used for:

- Buy items/equipment in Salo Shop

- Exchange for $SALO