Crabada Redefines $TUS Utility and Proposes New Tokens in Economy v2.0

Moving forward, $TUS will be Swimmer Network's utility token, while $GUS will be Crabada's in-game utility token.

Oct 15, 2022
by Akira Ming
Crabada Redefines $TUS Utility and Proposes New Tokens in Economy v2.0
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What changes in Crabada Economy v2.0? 

Crabada, a decentralized play-and-earn idle game, has proposed some major tokenomics updates given the growing adoption of Swimmer Network. This includes redefining the use case of its main utility token, $TUS (Treasure Under Sea), and introducing new tokens to better complement its in-game ecosystem.

For a start, Swimmer Network is an Avalanche subnet run by Crabada. The subnet itself is capable of housing other blockchain titles apart from the Crabada game. As more and more projects join Swimmer Network, it's becoming necessary for Crabada to update its tokenomics. 

First and foremost is to redefine the use case of $TUS. According to the team, $TUS has been acting as a network utility token (for Swimmer Network) and an in-game utility token (for Crabada) for quite some time. However, this poses issues to other network participants as they are often impacted by Crabada's in-game economy, which affects $TUS prices. 

To that end, the team proposes to keep $TUS solely as a network utility token and introduce $GUS (Gold Under Sea) as a new in-game utility token for Crabada. How it works is that $TUS will be used to trade NFTs and pay gas fees on Swimmer Network, while $GUS will be used to access Crabada's in-game features previously done with $TUS. 

These in-game features include spending on Arena Tickets, Arena Refreshes, feeding Crabada (with fries), adding Battle Slots, etc. Furthermore, in-game materials will be exchanged for $GUS instead of $TUS. 

As to how $GUS will be generated, the team will convert a portion of the Crabada breeding fees in $TUS to $GUS. Players can swap $GUS for $TUS, and vice versa, on SpanDEX in the future. 

Besides that, the team is introducing USDC (USD Coin) as a new trading currency. Players can buy or sell new Equipment and on-chain Materials using the stablecoin. 

However, the latest updates have not covered any changes to $CRA, the governance token of Crabada. The team promises to share more details in the next announcement. 

For more information about $GUS, check out the official post here

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