Dungeon Labs launches DUNG token on Creditcoin for game rewards

Dungeon Labs unveiled Dungeon Coin, or DUNG, on Sept. 23, a utility token built on the Creditcoin (CTC) mainnet, alongside its "Dungeon Series" game lineup. DUNG will be utilized for game entry fees, item purchases, and settlements based on in-game performance, with a total supply fixed at 100 million DUNG. Reward funding will derive from user entry fees and blockchain transaction fees, without issuing additional tokens for payouts. The initial distribution will occur through a public sale, with no pre-allocation to institutional investors or venture capital firms. Dungeon Labs also plans to open-source the code for smart contracts managing entry fees and on-chain leaderboards, enabling external developers to create games using DUNG.

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