DeFi Kingdoms, Serendale to Relaunch with All New JADE Tokenomics
Klatyn’s Serendale is coming back, and it brings several new announcements for the community. After the update, the players will see a new face of Splittening, the JADE token, and the Jade Garden Emissions.
Serendale is relaunching on Klatyn, and it brings several updates with the launch. These changes will particularly change the tokenomics of the DeFi Kingdom.
Changes to the Jade Tokenomics and Splittening
Following the update, the JADE token will have a hard cap of 250,000,000 tokens. Out of this, 5,000,000 will go towards Liquid JADE, and 125,000,000 JADE tokens will be locked. Moreover, the locking period is 51 epochs from the beginning of Garden Emissions. In addition to this, 787,500 JADE tokens will be pre-minted.
Furthermore, the update brings two additional types of JADE token allocations. Players can claim approx 16.469,178 Vested JADE tokens at the launch from the Jeweler. Plus, there are 102,743, 322 Emitted JADE tokens. Moreover, it is worth noting that the JADE Garden emissions will begin on December 8.
In “The Splittening,” the locked JEWEL tokens from Harmony will undergo redistribution. The redistribution will include JEWEL, CRYSTAL, and JADE tokens on the DFK blockchain and Klatyn.
The New Issuance Schedule for the JADE Tokens is also Available
The updated JADE issuance schedule is here, and it will change during each consecutive period. Moreover, each consecutive period on the platform is called Epoch. One Epoch has a timespan of one week, and the first one begins on the 8th of December. Moreover, with every epoch, the locked percentage of JADE tokens will continue to decrease.
In addition to this, the locking mechanism is available for Garden rewards. The purpose of this locking model is to balance the high emission rates in the epochs. The percentage of unlocked JADe tokens begins at 5%, and the percentage of locked tokens begins at 95%.
About DeFi Kingdoms
DeFi Kingdoms is a P2E MMORPG game having unique NFTs with impressive utility. The game works on a real functioning economy. Moreover, it combines the elements of DeFi, NFTs, and metaverse.