⚜ TOKEN UTILITY
$GEAR is the governance token officially used in the economic system in MetaGear. $GEAR will be used for the following purposes:
✅ Staking: Holders can stake $GEAR with APY level determined based on TVL (Total value lock) and current $GEAR price.
✅ Farming: Investors can participate in providing liquidity in currency pairs including $GEAR/BUSD, $GEAR/BNB to receive LP Token. LP Token will be used to:
- Stake to receive tokens from MetaGear partners
- Stake to get $GEAR so that users are allowed to buy rare NFTs
✅ Marketplace trading: $GEAR is used for making purchases, sales, and rentals of NFTs on Marketplace.
✅ Buy NFT: $GEAR is used for buying limited NFTs through periodic sales, 100% of the collected $GEAR will be burned.
✅ Events: $GEAR is used to reward tournaments and special events.