$FISH Utility

Last updated 8 Oct

Summary of $FISH in-game utility

To increase the chance of $FISH succeeding, Fishing Frenzy will adopt the token into the game.

$FISH will be required to access special content in the game, while $xFISH will be distributed as rewards.

Token Sinks	Token Rewards
Premium battlepass Special pets and cosmetics Mint or repair fees Unlock new content Premium missions and quests Diving New game modes & more	Premium quests Diving Spin the Wheel Leaderboards Referrals & more

Token rewards and utility may be adjusted over time and not all features will be available upon launch.

Fishing Frenzy Chapter 2 Economy

Below is a simplified summary of how $FISH will work in Fishing Frenzy at launch.

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Token Sinks (v0)

Battlepass

• Fishing Frenzy has a battlepass system where players can gain XP to unlock rewards. $FISH / $xFISH can be spent to unlock the premium track of the battlepass to claim bonus rewards such as gold, fossils, a small amount of $xFISH and exclusive pets.

Rod Repairs

• Rods are important NFTs that players can use to catch shiny fish, but they also have a chance to 'break' whenever they are used. Players will be able to spend $xFISH / $FISH to repair rods.

$FISH Staking

• Users can stake $FISH to get Karma, which gives various benefits in the game such as lower conversion taxes and unlocking Karma quest rewards.

Diving

• Players can spend $xFISH/$FISH to participate in diving, a battleships inspired risk-to-earn game mode.

Minting NFTs (in planning)

• Players may be required to spend $FISH to mint special PFP collectibles or convert pets into NFT assets for trading.

Token Rewards (v0)

Leaderboards:

• Players who compete in the weekly leaderboards can win a share of $xFISH rewards

Cooking Wheel

• Players who cook can get pearls to spin a wheel, which has a small chance to contain $xFISH alongside other rewards

Karma Quests

• Players who complete daily quests can spin a wheel to receive $xFISH (minimum Karma required)

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$xFISH Withdrawals

$xFISH can be converted 1:1 into $FISH.

Withdrawals will automatically vest:

• 60% unlocks after 7 days

• 30% unlocks after 14 days

• 10% unlocks after 28 days

Withdrawals are also taxed based on each users Karma score. Higher Karma users benefit from lower tax rates, as they are also likely to be bigger contributors to the ecosystem.

$FISH that is taxed will automatically go back to the community proportional to each users Karma score.

Tax Rate Breakdown

From Karma	To Karma	Tax
0	5,000	95%
5,000	15,000	50%
15,000	50,000	35%
50,000	150,000	25%
150,000	500,000	10%
500,000	1,500,000	4%
1,500,000	5,000,000	1%
5,000,000	>5,000,000	0%