Token Utility

Users of TheCornholedApp can earn tokens by playing games, staking their current tokens, participating in verified tournaments, blind draws, or leagues. Below are potential use cases for the token earned in this dApp

Play Games Earn Rewards

Tokens for Playing: Players earn a set amount of tokens for each match they play/win. These tokens be traded, redeemed, or exchanged for in-dApp exclusive perks, merchandise, or even cash.

Staking for Rewards or Governance

Staking Mechanism: Users can stake tokens to earn rewards over time or to unlock special features in the dApp, such as exclusive tournaments or access to premium content.

   Governance: The token serves as a governance token, players could stake tokens to vote on rule changes, tournament formats, or future development plans for the platform. This could create a community-driven dynamic.

Token burning mechanism

Burn Mechanism: Users can play each other 1v1 or 2v2 or any other game mode offered not in “ranked” play and it will cost a set number of tokens in order to do so. This will keep the supply deflationary.

  Long term holding: Players choosing to stake their tokens long term will be not only be rewarded for their conviction, and beliefs in the dApp, thus resulting in generous rewards. They will also be contributing to the verification of the ecosystem of the community and ecosystem.

Decentralized Cornhole Ranking System

   Leaderboard Tiers: A ranking system where users can rise through leaderboard tiers by holding or staking tokens. Making it feasible for talent to rise to the top. This could allow top-ranked players to have benefits or access to exclusive events and challenges.

Real-World Use for Physical Cornhole Products

Merchandise: Besides verified cornhole bags, tokens could also be used to buy other real-world products like official cornhole boards, apparel, or accessories through partner stores.

   Event Merchandise: Attendees at real-world tournaments could use tokens for limited-edition merchandise exclusive to that event.

Sponsorships and Advertisements

Sponsor Engagement: Want to become a sponsor? Sponsors could distribute tokens to players in exchange for watching advertisements or engaging with the sponsor’s content. (ex: wearing their logo, or using their bags)

   Player Sponsorship: Players could offer themselves for sponsorship within tournaments, and tokens could be used for sponsoring or backing favorite players.

Event Hosting and Ticketing

Host Tournaments: Allow users/organizations to host their own tournaments and charge an entrance fee in tokens, creating a decentralized tournament structure.

   Event Ticket: Use tokens to purchase tickets for special events or real-world cornhole tournaments, providing utility both in-game and out.

Loyalty and Engagement Rewards

Loyalty Program: Users participating in a certain tournaments, blind draws, leagues get rewarded. Use the dApp frequently you get rewarded more.

 Community Contributions: Players who contribute to the platform, such as sharing the dApp with others, creating content, or organizing events are rewarded for their efforts.

Exclusive Memberships or Subscriptions

VIP Access: VIP memberships or subscription services where players can use tokens for perks such as early registration to tournaments, access to exclusive content, or discounted tournament fees.

   Cornhole League Memberships: Each league could have their own respected token limit in order to become a “member” or participate in their leagues. If you are a member and you participate in their league you get even more rewards.

Education and Skill Improvement

Skill Training: Want to get private lessons with a pro or someone you think could teach you the game well? Use your tokens to request from verified players.

   Challenges and Achievements: Tokens could be offered as rewards for completing certain milestones or challenges, such as “hit 10 perfect shots in a row” or “win your first tournament.”.