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What is the description of the coin?
$PRIMATE serves as the core of the play-to-earn system integrated into Benji Bananas. When players engage in the game, they have the opportunity to earn $PRIMATE Tokens, which can be exchanged for other fungible tokens within the Animoca Brands ecosystem. These tokens include $SAND, $REVV, $TOWER, $GMEE, $QUIDD, $PROS, and $BONDLY.
The primary pairing for $PRIMATE is with ApeCoin [$APE], an ERC-20 token issued by ApeCoin DAO and utilized in ecosystems developed by Yuga Labs and the Bored Ape Yacht Club. The depth of the $PRIMATE/$APE pool is determined by the initial purchases of the Benji Bananas Membership Pass.
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What is Primate (PRIMATE)?
PRIMATE is the core of the play-to-earn system being added to Benji Bananas. Players will have the opportunity to earn PRIMATE Tokens while playing the game, and these tokens can be exchanged for other fungible tokens in the Animoca Brands ecosystem (including REVV, TOWER, GMEE, QUIDD, and PROS).
The primary pairing for PRIMATE will be with ApeCoin [APE], the ERC-20 token issued by ApeCoin DAO and utilized by the ecosystems created by Yuga Labs and the Bored Ape Yacht Club. The depth of the PRIMATE/APE pool is determined by the primary purchases of the Benji Bananas Membership Pass.
How Many PRIMATE Tokens Are There in Circulation?
The total supply of PRIMATE is 2,060,000,000 tokens, all of which are minted at once and released only through two specific systems: the Play-to-Earn Pool and Liquidity Allocation, and a Reserve Treasury and Marketing Allocation. All of the tokens will be minted directly to the four allocations below;
- Play-to-Earn: 235,000,000
- Liquidity: 125,000,000
- Treasury: 1,500,000,000
- Marketing: 200,000,000*
How Does Play-to-Earn Work?
When a Benji Bananas Membership Pass sale occurs, an equivalent amount of PRIMATE is transferred from the Reserve Treasury to the Liquidity Allocation, and an equivalent amount is sent to the Play-to-Earn Allocation. It is this Play-to-Earn Allocation of PRIMATE that players can earn, with this pool increasing with every primary sale of Benji Bananas Membership Passes.
What is the Liquidity Allocation?
An allocation of PRIMATE is made available for each Benji Bananas Membership Pass sale and Play-to-Earn event cycle. Event cycles refer to the time between the current Membership Pass sale and the next Membership Pass sale. During this period, there will be Earning Events that allow Membership Pass holders to earn PRIMATE Tokens.
Membership Passes are purchased using APE, and the APE received in this manner serves as the foundation for the APE/PRIMATE pool on SushiSwap. With each sale, an equivalent amount of PRIMATE is transferred from the Reserve Treasury to the Liquidity Allocation. This Liquidity Allocation is then used to establish a pair or add liquidity post the initial creation of the pool.
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