Dwarfees - $DWRF

Dwarfees (DWRF) are governance tokens for the Chrono Dwarfs Universe, based on the TON-blockchain standard. DWRF holders can claim rewards by playing the game, staking their tokens, and participating in essential governance votes and pools. Players can also earn DWRF by engaging in various games within the Chrono Dwarfs Universe and through user-generated content initiatives.

Our aim with Dwarfees is to create a synergy between the players and the developers in innovative and exciting ways. The mechanisms outlined above have two primary objectives:

1. To decentralize the ownership and governance of Chrono Dwarfs.

2. To reward players for interacting with Chrono Dwarfs while simultaneously encouraging them to hold onto their tokens to claim additional rewards.

We aspire for Chrono Dwarfs to become the game genuinely owned and operated by its community. This opens up endless possibilities but must be approached with caution. In the past, projects have stagnated under the guise of “decentralization.” The transition to a truly decentralized organization will occur gradually over time.

In late 2024, the Community Treasury will go live. This Treasury will start receiving revenues generated by Chrono Dwarfs and a portion of staking rewards. Eventually, this treasury will be governed by DWRF stakers, once the network achieves sufficient decentralization.

The Treasury will receive inflows from:

• 6.75% of all Chrono Dwarfs NFT marketplace transactions.

• 47.25% of all the DWRF spent on the cloning dwarfs.

Additional streams will be added in the future, including revenues from cosmetic sales, tournament entry fees, licensing fees, and more as new opportunities arise.

In the early days of Chrono Dwarfs, staking issuance will be high to encourage a significant portion of staked DWRF without requiring an additional funding source.

However, as the issuance allocation decreases over time, another funding source will be needed to encourage a high percentage of staked DWRF. The Community Treasury could serve this purpose, providing a sustainable funding source from fees related to Chrono Dwarfs.

Allocations and Unlock Schedule

Dwarfees will be unlocked in a predetermined schedule which lasts for 5 years (60 months) from the start of the public sale. The total supply will never exceed 255,000,000 DWRF. The initial circulating supply is set to 73,950,000 DWRF (29.00% of the total supply).

Total Supply and Allocation:

Token Distribution	Token Supply ($DWRF)	Percentages	Description
Play and Earn	102,000,000	40.00%
Staking Rewards	63,750,000	25.00%
Treasury Fund	33,150,000	13.00%
Advisors	15,300,000	6.00%
Public Sale	30,600,000	12.00%
Private Sale	10,200,000	4.00%
Total amount	2,550,000	100%

Initial Supply and Allocation:

Token Distribution	Token Supply ($DWRF)	Description
Play and Earn	29,580,000
Staking Rewards	18,487,500
Treasury Fund	9,613,500
Advisors	4,437,000
Public Sale	8,874,000
Private Sale	2,958,000
Total amount	73,950,000

The expected issuance of DWRF is expected to be slightly lower than the unlock schedule. The Play to Earn and Ecosystem fund allocations will not be issued until the game is ready for a growth phase even if the tokens are unlocked.