âĄGalactic Founders Token (GFT)
Contract: 0x6DA1158fFd77c5347e0FD48932842547A2CFaAbC
OpenSea: https://opensea.io/collection/galactic-founders-token
The Galactican Founders Token (GFT) is an ERC-1155 token deployed on the Polygon Network, it joins the innovative capabilities of the Ethereum token standard with the scalability and efficiency of Polygon's Layer 2 solution.
The ERC-1155 is a particularly interesting standard as it enables the creation of both fungible and non-fungible tokens within a single contract.
This offers a degree of flexibility that is not present in other token standards. In the case of GFT, it embodies this trait by functioning as a unique collectible token with distinct utilities.
Being on the Polygon Network, the GFT enjoys swift and economical transactions. This is a crucial aspect when considering the token's utilities - participating in governance and providing feeless access to the Tournament Creation Module.
In the broader context of tokenomics, the GFT is a testament to the innovation possible in digital asset design. It is not merely a passive asset, but an active utility token offering unique benefits to holders as its access can be broaden as development continues. This not only enhances user engagement within the IGGalaxy but also contributes to the platform's overall value proposition.
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