๐Scenarios in TG Games
Stake-and-Play-to-Earn: Players can stake $TGG, fiat, or other cryptos in tournaments. Liquidity providers and AMMs facilitate the conversion and staking processes by providing liquidity and stable exchange rates.
Redeeming Rewards: When players redeem their $TGG tokens for merchant gift cards or other rewards, TG Games might need to settle these transactions in fiat. Off-ramps enable this conversion from $TGG or crypto to fiat.
Advertiser Payments: Advertisers pay in fiat, but TG Games distributes rewards in $TGG. On-ramps facilitate the conversion of fiat to $TGG or crypto for reward distribution.
Use Case | Description | Process Flow | Role of LPs and AMMs |
Advertiser Pay-In and User Payout | Advertisers pay TG Games in fiat currency, and users are paid in $TGG tokens. | Advertiser Pay-In: Advertisers pay TG Games in fiat. Conversion to $TGG: TG Games uses an on-ramp service to convert fiat to $TGG tokens. User Payout: Users receive $TGG tokens as rewards or earnings. | LPs and AMMs ensure liquidity and stable prices for the conversion of fiat to $TGG, facilitating a smooth payout process to users. |
User Pay-In and Merchant Payout | Users pay for services or products using $TGG tokens, and merchants receive fiat currency. | User Pay-In: Users spend $TGG tokens to purchase merchant gift cards or services. Conversion to Fiat: TG Games converts $TGG to fiat using an off-ramp service. Merchant Payout: Merchants receive payment in fiat currency. | LPs and AMMs provide the necessary liquidity for the conversion of $TGG tokens to fiat, ensuring merchants can be paid out efficiently. |
Tournament Staking and Prize Distribution | Users stake crypto/fiat/$TGG in tournaments and win prizes in various forms. | Staking: Users stake $TGG, other cryptos, or fiat in tournaments. Tournament Play: Users participate in the game/tournament. Prize Distribution: Winners receive prizes in $TGG, other cryptos, or fiat, facilitated by liquidity providers and AMMs for smooth conversion and distribution. | LPs and AMMs play a critical role in maintaining a liquid market for staking and prize distribution, ensuring that users can stake various assets and receive rewards in different forms without significant price slippage or delays. |
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