Primate

Primate

PRIMATE
$0.007858152%63.36

Key Metrics

Price$0.007858152
Real Volume (24H)$153.18
Marketcap$1,535,080.21
Fully Diluted Valuation$27,223,837
ATH$0.185827
ATH Date4/27/2022, 10:42:19 AM
ATL$0.00771152
ATL Date10/31/2022, 8:06:40 AM
Circulating Supply149M
Total Supply2.1B
WebsiteN/A
WhitepaperN/A
Popularity Rank2206
Chart
What is Primate?

PRIMATE Token (PRIMATE) is a revolutionary utility token at the heart of the play-to-earn system being integrated into Benji Bananas. Players will earn PRIMATE Tokens while playing the game, which they can exchange for other fungible tokens in the Animoca Brands ecosystem, including REVV, TOWER, GMEE, QUIDD, and PROS.

The primary pairing for PRIMATE will be with ApeCoin [APE], the ERC-20 token issued by ApeCoin DAO and utilized in the ecosystems created by Yuga Labs and the Bored Ape Yacht Club. The depth of the PRIMATE/APE pool is based on primary purchases of the Benji Bananas Membership Pass.

The total supply of PRIMATE is 2,060,000,000 tokens, all minted at once and released only through two specific systems: Play-to-Earn Pool and Liquidity Allocation, and Reserve Treasury and Marketing Allocation. All tokens will be minted directly to the four allocations below:

  • Play-to-Earn: 235,000,000
  • Liquidity: 125,000,000
  • Treasury: 1,500,000,000
  • Marketing: 200,000,000
  • TOTAL: 2,060,000,000

Every time a Benji Bananas Membership Pass sale is made, an equivalent amount of PRIMATE is moved from the Reserve Treasury to the Liquidity Allocation. An equivalent amount is also sent to the Play-to-Earn Allocation, which is earned by players. This pool increases with every primary sale of Benji Bananas Membership Passes.

Each Benji Bananas Membership Pass sale and Play-to-Earn event cycle has an allocation of PRIMATE tokens available. Event cycles are the time between the current Membership Pass sale and the next Membership Pass sale. During this period, Earning Events allow Membership Pass holders to earn PRIMATE Tokens.

Membership Passes are purchased using APE, and the APE received in this manner serves as the foundation for the APE/PRIMATE pool on SushiSwap. With each sale, an equivalent amount of PRIMATE is moved from the Reserve Treasury to the Liquidity Allocation. This Liquidity Allocation is then used to set up a pair or add liquidity post the initial creation of the pool.

The Reserve Treasury is where all the supply of PRIMATE is held until it is needed for liquidity pool set-up or adding or for the distribution of Play-to-Earn rewards. After the initial minting of PRIMATE, funds are never added back to the Reserve Treasury.

An allocation of PRIMATE is available for marketing and community-building events and activities. This allocation will be used to engage and expand the active community, increase the exposure of Benji Bananas and the PRIMATE token, and grow organic engagement.

In conclusion, PRIMATE Token is set to revolutionize the gaming industry with its innovative play-to-earn system. With the potential to earn real rewards while playing Benji Bananas, players will undoubtedly flock to this game. Moreover, the PRIMATE Token's integration with other Animoca Brands tokens and its pairing with ApeCoin ensures liquidity and further adoption of this revolutionary token.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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