THE DUEL TOKEN
BETTER UTILITY. BIGGER REWARDS.
The new Prism platform will be powered by DUEL, the new Token from Rainmaker. It’s designed to give you more utility on platform and reap better rewards for you wallet. Plus, Rain can be easily transferred into DUEL at a higher value for a limited time. Let’s dive in.
SUNSETTING RAIN
At some period after the conversion event, the RAIN token will be deprecated and no longer supported. In an effort to support its vision of a decentralized token ecosystem, Rainmaker Games or the Duel team will not delist the token or pull liquidity from the liquidity pools on the current decentralized exchanges. However, without any dedicated market-making, demand drivers, or further support, the RAIN token is expected to become illiquid over time. RAIN tokens that are not converted to DUEL during the conversion window will forfeit their ability to be redeemed for DUEL. After this period, any unclaimed DUEL will be held by the platform for future use.
GAME MECHANICS
GENERAL UTILITY
Duel is a gaming platform featuring both in-house and third-party developed games. All games use the DUEL token as a common currency, facilitating smooth transitions between different games. Termed the "Netflix of gaming," Duel offers a variety of casual games without the high development costs of triple-A titles. The platform includes a free play mode for casual gamers, which doesn't require a web3 wallet or DUEL tokens. This mode displays in-game earning cues and a simulated wallet, but earned tokens are not real and reset after the game. Free play typically has limited levels and features.
CHALLENGES
The Challenge game mode allows players to wager on game outcomes, enhancing the gaming experience. This feature is applicable in various game formats, including 1v1 matchups or group competitions. Our challenge creation tool is fully customizable, but examples include “get the most kills in the next 2 games” or “dodge as many abilities as possible tomorrow”. Winners earn the wagered funds held in escrow. Games are designed with triggers that determine challenge outcomes, releasing funds to winners. Funds are managed through a blockchain-based escrow system using DUEL, with the platform taking a portion as a rake.
REVENUE
SPONSORS + ADVERTISERS
The platform earns revenue from advertisers who promote their goods, games, and services on the platform. Ad fees can be paid in DUEL at a 10% discount or optionally in fiat or other crypto, without a discount. The platform also earns from Sponsors who wish to contribute to tournaments, challenges, or other platform events in exchange for visibility of their product or services.
GAMERS
The platform earns revenue from game license purchases and/or downloads, subscription fees paid by gamers, or the sales of digital items, objects, powerups, enhancements, and/or NFTs; these fees can be paid in DUEL at a 10% discount or optionally in fiat or other crypto, without a discount
CREATOR GAMES
The platform earns revenue from game license purchases and/or downloads of third-party produced games; these fees can be paid in DUEL at a 10% discount or optionally in fiat or other crypto, without a discount
Token Reward Sharing
TOKEN HOLDER
Token Burn
using collected fees A portion of the purchase, subscription, sponsorship, NFT sales, and other fees paid to the platform in DUEL tokens are burned on a quarterly basis.
Token Burn through Buybacks
A portion of the profits earned from fees collected via fiat payments are used to purchase DUEL tokens on the secondary market. These tokens are burned.
Staking Replenishment
A portion of the collected fees in DUEL or market-repurchased DUEL are used to contribute to the staking fund.
THIRD PARTY
Referral Fees
A portion of the earnings and rewards paid out to referred parties is shared with the referrer.
Creators
Up to 40% of collected sales of game license purchases are paid to a thirdparty creator for their games; the percentage will vary depending on earning thresholds set by the platform
STAKING
LP STAKING
Post-token sale, DUEL is expected to be available on decentralized exchanges. In order to encourage liquidity providers to fund the liquidity pool, the Duel Foundation will enable them to earn additional DUEL tokens by adding liquidity to the pool. Duel will create a staking contract that rewards liquidity providers when LP shares generated from the pool are deposited into the DUEL staking contract. DUEL is paid into the staking pool and earned by LP miners based on their pro-rata share in the staking pool.
DIRECT STAKING
DUEL can also be earned by directly staking DUEL tokens into the token staking contract. The staking pool will emit a fixed daily reward to be distributed to all pool participants based on their pro-rata stake.
SPENDING STAKING REWARDS
Unredeemed DUEL staking rewards can be used to purchase digital items, objects, powerups, enhancements, and/or NFTs at a 20% discount to their listed value. Purchases made using staking rewards are deducted from a user’s reward balance. Only the reward portion of these staked tokens can be spent.
BONUS
Duel also enables committed, long-term stakers to earn additional bonus rewards for locking their tokens over increasing intervals of time as per the chart below:
