GSP’s Token Utility
The $GSP token powers the Get Set Play platform, being used for a variety of cases from esports and stream earnings to metaverse real estate ownership. None of it would be possible without $GSP.
$GSP is the token that runs the Get Set Play multiverse and empowers all the platform users, it is a token that has real utility beyond just being an innate storage of value. All transactions on the Get Set Play platform will be carried out using $GSP, in addition to being used to bring the Get Set Play multiverse to life.
Earning $GSP
Gamers can earn $GSP tokens for completing a variety of activities, from playing in tournaments to streaming gameplay and even for simply watching your favorite streamers, you will be rewarded with $GSP tokens.
Rewarding Stream-to-Earn Streamers and Enabling P2P Live Streaming
Steamers can use $GSP to register to stream on GSP Channel using the Stream-to-Earn model, streamers who are staking $GSP tokens will also be entitled to earn exponentially higher rewards.
Streamers who want to go the extra mile can set up nodes by staking $GSP tokens, running nodes on the platform generously rewards streamers whilst also helping the platform create a delivery mesh network to relay live streams to viewers in a variety of formats and bitrates.
Registration for Play-to-Earn Tournaments and Tournament Rewards
All players who want to compete in GSP Arena Play-to-Earn events must register for them and pay a modest registration fee in $GSP. Players who have staked $GSP tokens will also have access to exclusive Play-to-Earn events that are not open to players who have not staked $GSP tokens.
Players who are successful in tournaments will be awarded a big share of the prize pool, which can be up to 70%, these winnings will be issued to participants in the form of $GSP tokens. These $GSP tokens can then be used elsewhere on the platform for transactions, staking or sold for fiat currency.
Get Set Plays Watch-to-Earn Model
On GSP Channel, Get Set Play’s unique Watch-to-Earn module will pay dedicated viewers $GSP just for watching their favorite streams. The longer and more constant the watch time, the higher the $GSP earnings.
Benefits of Owning $GSP
Users who own and hold a certain amount of $GSP will be rewarded with ownership within the Get Set Play metaverse. Holders will be granted ownership of real estate and assets within the metaverse, as well as business centers and personalized merchandise stores to gamestations and NFTs. The real estate available in the metaverse includes esports stadiums that live streams matches to fans, metagaming zones that host a variety of events like easter egg hunts and party games, hype plazas that host pre-match hype events, NFT gift stores that act as an NFT marketplace within the metaverse for heritage memorabilia, fan appreciation zones for fan events like meet & greets and finally esports museums that display memorable events from esports matches in the form of NFTs. Holders will also have access to dedicated streaming channels, exclusive to $GSP holders.
Staking of $GSP
Users who stake $GSP will be entitled to a variety of benefits, gamers who stake $GSP will have access to premium tournaments as well as having the ability to host their own tournaments. Streamers who have staked $GSP in one of the staking pools will be rewarded with exponential streaming returns.
Gamers who have staked $GSP will also have exclusive access to quarterly gaming tournaments as well as premium metagaming events, available only to those who have staked their $GSP
Aside from purely gaming rewards, users who have staked $GSP will have access to stadium real-estate sales and be able to host events in the multiverse. Premium NFTs, trophies, discounted memorabilia and merchandise will also be available to stakers of $GSP.
Governance & Voting RIghts
Users who stake $GSP on Get Set Play will be entrusted with voting rights in keeping with Get Set Plays DAO-based governance model. Users who have staked a certain amount of $GSP will be able to vote to elect validators and actively partake in decision-making processes on the platform.
Rewarding Validators via Validate-to-Earn
Users who stake a sufficient amount of $GSP tokens and then pass the community elections to become validators will be rewarded in $GSP tokens in exchange for their services. Validators will assist with everything from officiating Play-to-Earn tournaments and events to moderating stream chats and validating competitive gaming results across the Get Set Play platform.
Conclusion
The $GSP token is used extensively throughout the Get Set Play platform and is essential to its operation. Almost all platform activities will require the use of $GSP tokens, giving it actual utility beyond just being a means of storing value. Because of $GSP’s deflationary nature, thanks to the Buy Back & Burn model, users don’t have to worry about their tokens losing value while they’re locked up in staking pools; instead, $GSP tokens will only gain value over time as more users join the Get Set Play platform and the number of transactions requiring $GSP grows.
