With the ABOAT TOKEN ($ABOAT), Aboat Entertainment provides a utility token which, in addition to the pure reward for consuming and providing content, can also be used to unlock premium content, subscriptions and game content. The $ABOAT TOKEN is created by Aboat Entertainment UG (limited liability) and managed by two smart contracts after initial distribution. These smart contracts consist of:
- Master Entertainer: 40% of the maximum number of $ABOAT TOKENs are reserved for the Master Entertainer. This can distribute the coins in the form of staking/yield farming. This contract will not be refilled and will expire once all $ABOAT are distributed.
- Reward System: The reward system initially receives 10% of the maximum number of $ABOAT TOKENs and is e.g. B. refilled by the transaction fees. In the future, further systems will be added to return part of the $ABOAT to the reward system and thus create deflation. The reward system serves to incentivize content and distributes $ABOAT depending on the Oracle service. The Oracle Service is the interface between the backend and the smart contract.
