Token Mechanics

Allocation:

Levels 1 and 2: Reserved for Treasury

Levels 3 and Beyond: Public Minting

Pricing Structure:

Supply: 10 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.

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.