Token Mechanics

Pricing Structure:

Supply: 10-25 Mini Slayer Tokens per level. Mint Price: Calculated as Level Number x USDV. Example: Level 3 = 3 USDV, Level 10 = 10 USDV. Redeem Price: 1 USDV less than the mint price for that level. Example: At Level 10, redeeming is 9 USDV per token.

Level Adjustments:

Levels dynamically adjust based on the total number of Mini Slayer Tokens minted or redeemed: Level Upgrade: Occurs when 10 tokens are minted at the current level. Level Downgrade: Occurs when 10 tokens are redeemed at the current level. Users will be able to select the number of tokens per level when deploying their own custom Mini Slayer.

Examples of Level Adjustments:

📝Example 1: Level Upgrade Current Level: 5 A participant mints 10 Mini Slayer Tokens at 5 USDV each. Result: The level advances to 6, with the counter resetting internally to 0/10 for the new level.

📝Example 2: Mixed Transactions Current Level: 5 (internally tracked as 0/10 minted). A participant redeems 5 tokens. Redemption occurs at Level 4 pricing (3 USDV per token) since no tokens have been minted at Level 5 yet. Result: Level 4 now shows 5/10 internally tracked. Another 5 tokens must be redeemed to downgrade to Level 3, or 5 tokens minted to return to Level 5.