The native digital cryptographically-secured fungible token of Kaby Arena (ticker symbol KABY) is a transferable representation of attributed utility functions specified in the protocol/code of Kaby Arena, and which is designed to be used solely as an interoperable utility token on the gaming ecosystem.
KABY token is a functional utility token which will be used as the medium of exchange between participants on Kaby Arena in a decentralised manner. The goal of introducing KABY token is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Kaby Arena, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. KABY token does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will KABY token entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. KABY token may only be utilised on Kaby Arena, and ownership of KABY token carries no rights, express or implied, other than the right to use KABY token as a means to enable usage of and interaction within Kaby Arena.
KABY token also provides the economic incentives which will be distributed to encourage users to contribute to and participate in the ecosystem on Kaby Arena, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. KABY token is an integral and indispensable part of Kaby Arena, because without KABY token, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on Kaby Arena. Given that additional KABY token will be awarded to a user based only on its actual usage, activity and contribution on Kaby Arena and/or proportionate to the frequency and volume of transactions, users of Kaby Arena and/or holders of KABY token which did not actively participate will not receive any KABY token incentives.
KABY tokens can be used to:
As the native platform currency, it may be used as the mode of settlement for various resources or in-game upgrades.
For example, players can trade on the marketplace for KABY tokens, mint strong NFTs, or wage against other players in PvP mode to win more tokens, or rent NFTs to other players in exchange for KABY tokens.
Kaby token may be consumed for certain in-game access and privileges