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:
Stability
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.
Taxation
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.
Whitelist Mechanism
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.
Minting
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.
Burning
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.
Pausing and Unpausing
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.
Token Recovery
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.
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.
