The SHILLcoin HODLcoin Interconnected Token Ecosystem (SHITE) introduces a new paradigm in blockchain-based gaming. With automated, algorithmically generated markets, players enjoy liquidity as well as a constantly shifting economic landscape in which the optimal strategy continually evolves. Built on open-source smart contracts and hosted on the Ethereum blockchain, SHITE runs in a 100% transparent, verifiable, fair, and auditable manner.
Players of SHITE can spend Ether to buy SHILLcoins or HODLcoins directly from their respective smart contract. As long as players have tokens, they accumulate rewards proportional to their holdings. Rewards grant access to the Slush Fund – a collective pool of value integral to the game. When players spend their rewards, they can either Double Down to gain more tokens, or Cash Out and have the smart contract send the Ether value of their rewards directly to them.
Rewards themselves are earned based on transaction fees paid by other players. Fees are charged on each buy/sell order, as well as whenever a player exchanges directly between SHILLcoins and HODLcoins (functionality also offered through the smart contracts) or transfers tokens to another Ethereum address. Fees paid by users of HODLcoins go to holders of SHILLcoins and vice versa. Since the rate at which fees are charged is based on the current Slush Fund Balance, astute players can try to control the fees charged by both smart contracts.
If players ever wish to sell their tokens, the contracts will buy them back at any time. The buy and sell prices offered on the automated markets generated by the smart contracts vary deterministically over time – the more SHILLcoins in existence, the higher the price of SHILLcoins; the same holds for HODLcoins.
Learn more or try the game at:
https://www.SHITEgame.com/
