The ChronoForge token economy consists of NFTs (adventurers, mounts, pets and loot) usable in game, server currencies and a utility token ($Chronos) specific to holders of gen 1 and 2 adventurers. Each adventurer NFT is a playable character in our action RPG. ChronoForge NFTs can all technically be described as ERC-721 standard tokens.
ChronoForge is a hybrid-chain NFT project that makes use of both the Ethereum Mainnet blockchain protocol and Immutable X layer 2 protocol for scalability. The Ethereum Mainnet is the most popular blockchain amongst NFTs traders and served as an effective fund-raising launch-pad for our project. However, the Mainnet suffers from slow event throughput, high transaction fees and environmentally-costly compute that make it unsuitable for massive mainstream games. The Immutable X protocol is carbon-neutral layer 2 to Ethereum that removes expensive transaction fees from the NFT creation process and allows us to support thousands of NFT creation and trade events per second. The vast majority of our game tokens, including playable characters, will live on Immutable X because of these inherit scaling and ethical advantages. You can read more about the differences between Immutable X and other NFT scaling solutions here.
There are currently 5000 generation 1 adventurers and 2500 generation 2 adventurers (which are summoned by generation 1). These are the core NFTs required to access our token utility ecosystem.
Prior to the launch of the RPG a third general of unlimited supply adventurers is planned for release on Immutable X to support a player base in the hundreds of thousands. Generation 3 adventurers will not be available in the generation 1 or 2 races (thereby preserving their rarity of previous generations) and will not produce $Chronos.
In the lead up to game launch and during gameplay a number of other types of NFTs will become available.
Loot - dropped by enemies during gameplay. Release date tbc.