#gamefi #Axie

Now there is a "three-currency" model emerging: governance currency, utility currency (UT), value capture token (VCT)

Let’s briefly talk about the logic: It has nothing to do with the governance currency. VCT captures the game’s multi-dimensional income (advertising, handling fees) and is anchored 1:1 with the number of UTs.

Players can exchange UT into VCT and exchange it into the current price stable currency for withdrawal.

This can keep the price of UT higher than VCT and bring predictable guaranteed income to P2E users.

The core path here is: if exchange behavior exists, UT and VCT are always in a deflationary state; when new users and new value are captured, the number of VCT will increase. VCT as a whole has become an intuitive reflection of the true value of a project.

There is no similar game yet, so you can look forward to it.