> For the complete documentation index, see [llms.txt](https://bitfight.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bitfight.gitbook.io/whitepaper/tokenomics/payblock-game-token.md).

# Payblock Game Token

**PlayBlock Game Token (USDP)** is a secure digital currency tied to the $USD value. Its core functionality is to **ensure smooth and effortless transactions** for our users within the **Playblock Chain Ecosystem**. 

### **USDP Key Features:**

<details>

<summary><mark style="background-color:green;">Stability</mark></summary>

*The value of USDP is maintained by being pegged to the US Dollar and supported by a diverse treasury of fiat and cryptocurrencies, ensuring a consistent and trustworthy token value.​​*

</details>

<details>

<summary><mark style="background-color:green;">Taxation</mark></summary>

***Initial Tax Rate**: Introduced with a 0% rate to encourage early adoption and usage, with the potential for future adjustments to ensure the well-being of the ecosystem.*

***Maximum Tax Rate:** With a maximum limit of 1%, token owners have the power to adjust the tax rate to ensure fairness and consistency in transactions.*

***Tax Wallet:** A dedicated wallet for collecting tax revenue, with a customizable address that can be modified by the token owner.*

</details>

<details>

<summary><mark style="background-color:green;">Whitelist Mechanism</mark> </summary>

***Tax Exemptions:** Some addresses have the privilege of being exempted from transaction taxes, enabling identified accounts to carry out tax-free transactions.*

***Management Authority:** The token owner has the sole authority to manage the whitelist, determining which addresses are eligible for tax exemption.*

</details>

<details>

<summary><mark style="background-color:green;">Minting</mark></summary>

***Capability:** The minting of PBG tokens is a special privilege reserved for the PlayBlock chain as the governing body. This allows for the adjustment of supply based on the needs and growth of the network.*

***Purpose:** To facilitate the expansion of the token supply and enhance the scalability and adaptability of network operations.*

</details>

<details>

<summary><mark style="background-color:green;">Burning</mark></summary>

***Capability:** Reserved solely for the PlayBlock chain's governance authority, this feature permits the burning of PBG tokens, including those held by external addresses. It serves as a corrective measure against network abuse, allowing for the reduction of circulating supply to counteract spamming or malicious activities.*

***Purpose:** To deter network spam and misuse by providing a mechanism for token removal.*

</details>

<details>

<summary><mark style="background-color:green;">Pausing and Unpausing</mark></summary>

***Capability:** The governance authority of the PlayBlock chain can pause and unpause PBG token transactions as a rapid response measure to emergent threats or vulnerabilities, effectively halting token transfers during critical situations.*

***Purpose:** To safeguard the network and token holder assets in emergency circumstances by temporarily freezing token movements.*

</details>

<details>

<summary><mark style="background-color:green;">Token Recovery</mark></summary>

***Capability:** A recovery feature enables the retrieval of non-PBG assets accidentally sent to the PBG token contract, exclusively accessible to the BitFight chain's governance body.*

***Purpose:** To prevent the irrevocable loss of user assets due to mistaken transfers, ensuring the possibility of reclaiming tokens erroneously dispatched to the contract address.*

</details>

The PlayBlock Game token incorporates various governance protocols, delegating important operational controls such as minting, burning, and pausing capabilities to the administrative entities of the BitFights PlayBlock chain.&#x20;

<figure><img src="/files/CA0CvoGAZeRn6wpJ6tBP" alt=""><figcaption></figcaption></figure>

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