COLONY Token
The Arcade Colony Governance Token, known as COLONY, will serve as the staking, reward, and governance token within the Arcade Colony Governance (ACG) ecosystem. All games that are listed on the Arcade Colony directory will need to accept COLONY tokens as a form of payment.
COLONY Utility
The COLONY token will have several primary uses within the Arcade Colony ecosystem:
Distribution as rewards in games
Earning staking rewards
Maximizing game rewards
Reducing network fees
Upgrading various player owned aspects of the game
Participating in platform governance
Minting new SCRIPT tokens (designed to stay worth approximately $1) through burning of COLONY
SCRIPT Token
The SCRIPT token will be pegged to product in Arcade Colony and be acquired by burning COLONY tokens for a set amount of SCRIPT tokens based on market conditions. 1 SCRIPT token will be accepted as $1 USD of product in the Arcade Colony ecosystem.
SCRIPT Utility
The SCRIPT token will have several primary uses within the AC ecosystem:
Buy and sell assets from in-game shops
Buy, sell, and rent NFTs on the Arcade Colony Marketplace
Use cases will be built into each game
What Is Arcade Colony?
Arcade Colony is a web-based platform where mainstream games can deploy web3 features. Newly created games as well as previously released games can now add tokens, digital collectibles, trading, renting, earning, and governance to their games. Thus, Arcade Colony hosts a series of published games similar to the Epic Gamestore, Apple App Store, Google Playstore, or Steam, but unlike web2 publishers Arcade Colony augments new and existing games into Web3 games. Developers that list games on Arcade Colony take advantage of one of the largest web3 player bases in the world because the company behind Arcade Colony, Invennium Corp, is a subsidiary of Splinterlands, which is one of the largest web3 games with billions of games played and billions of on-chain transactions.
All of the above information has been taken directly from the Arcade Colony Whitepaper which can be visited by clicking anywhere on this highlighted link
What Is Splinterlands?
Splinterlands is a #play2earn game hosted on the Hive Blockchain. Assets that have real monetary value are used to earn rewards/ more assets in a robust gaming economy. Such assets are tradable on-site or on many different secondary markets such as TribalDex and Hive-Engine. Don't have a Splinterlands account yet. Well you are in luck because I just so happen to have an ambassador code. Clicking it will start the sign up process. What is an ambassadors code? Its a code that will give me credit for your sign up at no cost to you. Here it is: https://splinterlands.com/register?ref=rentmoney Don't want to use my ambassador code (no worries) here is a direct link that will forgo any credit to me: https://splinterlands.com.
What Is The Hive Blockchain?
----------------------> As defined by
It's many things including but not limited to: A source for information. A host spot for many play2earn games. A place to build your own business. A place to run a blog account. A place to interact with your online friends. A place to expand your knowledge. Your imagination is the limit to what the Hive Blockchain has to offer and could be to you. Creating and curating content on the Hive Blockchain will give you the opportunity to earn the Blockchains main currencies known as Hive and HBD (Hive Backed Dollars). No financial advice has been given in this post. Do your own research before investing/ spending any of your hard earned currencies.
How To Place Buy Orders For Colony Tokens
- Log in to Tribaldex (Hive-Engine)
- Click the trade option at top of the page
- Type COLONY in the search function
- You are now in the right section
- Take note of the orders under Buy Orders
- Take note of the orders under the ASK section
- Place an order for the trade cost below the ASK amount
- Sometimes you can save a little coin purchasing this way
- In the screenshot below we will see 0.000706 highest Buy Order
- We will beat it by the smallest amount and place our order
- Currently I have 2.26 SWAP.HIVE so that is what I will use
- At the trade value of 0.0076+ that places an order for 3200+ COLONY
- Always double check your numbers
- If satisfied click BUY
- Presto an order has been placed
- It's now a waiting game to see if those holding will sell into it
- If/ When they do your COLONY tokens will be in your Tribaldex wallet
Orders List Before I Set My Buy Order
Direct To Market URL: https://tribaldex.com/trade/COLONY
Orders List After I Set My Buy Order
Direct To Market URL: https://tribaldex.com/trade/COLONY
Further Thoughts And Considerations:
Of course if you are in a hurry to get some COLONY Tokens all you need to do is purchase directly from the ASK side of the order list. To do this simply click on the ASK price you are willing to pay and your order sheet will update to that price. Alternatively you can manually place in the desired trade for amount along with the amount of COLONY you wish to purchase. Always double check the amounts (check both entries: SWAP.HIVE & COLONY). If satisfied click the Buy icon. It will be lit up green if everything was done correctly. It will be faded if you placed an order you don't have enough SWAP.HIVE for the trade you are trying to initiate. If it is faded triple check your order amounts before continuing with your trade. You can move your COLONY Tokens from TribalDex (Hive-Engine) to your Arcade Colony wallet. Your official COLONY wallet can be found on Arcade Colony site by logging in to Arcade Colony and clicking on the COLONY Token icon next to your profile name (Top corner of screen when on the home-page of Arcade Colony). In the COLONY wallet section of Arcade Colony you will see multiple options: () Stake () Transfer () Get Colony. To transfer your COLONY from in-game to TribalDex you will need to click on the () Transfer option. Once clicked a new window will appear. Enter the amount of COLONY you wish to send to TribalDex and hit Transfer and it will be done. Alternatively you can also send COLONY tokens to another member of the Arcade Colony universe in that same wallet section. 
Image Source (Official Keychain Webpage): https://hive-keychain.com/
Visit The Arcade Colony Whitepaper
-------->----------> https://whitepaper.arcadecolony.com/
Image Source: https://www.arcadecolony.com/
No financial advice has been given in this post.
Image Source: https://www.arcadecolony.com/
