Exploring the COPI Token: Utilities, Staking, and Governance

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The $COPI token serves as the fundamental utility token within the Cornucopias ecosystem, designed with a capped maximum supply. It enables users to purchase goods and services, engage in platform governance through staking, unlock in-game rewards, and benefit liquidity providers, node operators, and stakers. Additionally, the Cornucopias platform exclusively accepts $COPI for trading NFTs—including those generated by the game—and other game-related assets. Users can make payments directly or via third-party applications like MoonPay, accommodating those using traditional fiat currencies.

One of the standout features of $COPI is its staking mechanism, which allows token holders to participate in governance based on their level of commitment. Staking also opens the door to various utilities and rewards, making it a core component of the ecosystem.

Core Utilities of the $COPI Token

$COPI powers the entire Cornucopias gaming ecosystem. Its utilities are designed to expand as the game and platform evolve. Below are the primary use cases:

1. Official Marketplace Currency

$COPI acts as the main currency within the game’s marketplace for acquiring assets and items, including:

While node licenses or advertisement space might sometimes be available for purchase in other currencies, $COPI remains the foundation. Select partner tokens may be accepted for specific items or promotions, but these will be integrated to reinforce $COPI’s central role over time.

2. Governance Participation

Token holders can influence the project’s future by voting on community proposals covering rewards, gameplay, features, development, and events. Voting is exclusive to those staking $COPI directly or via liquidity pool (LP) tokens, with each token representing one vote.

3. Reward Distribution

$COPI facilitates various reward mechanisms, including:

4. Advertising in the Cornucopias Game Ad Network

This business-to-business subscription service allows brands, guilds, and businesses to advertise within the game network. Ads are available on a seasonal basis, with preferential discounts for payments made in $COPI, adding value for partners using the token.

Understanding $COPI Staking Mechanisms

Staking allows holders to earn yields in $COPI. All incentives are governance-influenced, with Annual Percentage Yield (APY) paid from a dedicated reward pool. The platform offers three staking methods:

  1. Staking for NFTs: Users lock a designated amount of $COPI for a specific period to earn exclusive, non-tradable Soulbound Tokens (SBTs). Staking criteria are customized per event.
  2. **Staking for $COPI**: Players stake tokens to yield more $COPI based on the amount staked, with earnings distributed from the rewards pool.
  3. Staking for Discounts: Staking $COPI for a set period (e.g., one month) unlocks discounts on marketplace purchases. The discount percentage scales with the amount staked, though unstaking during the lock period is not permitted.

👉 Explore more staking strategies

Buyback and Liquidity Provision Strategy

The Buyback and Liquidity Provision (BB & LP) strategy combines token supply reduction with enhanced liquidity. Instead of burning tokens, they are used to provide liquidity in primary pools like $COPI/USDC. Here’s how it works:

  1. A user purchases a node license for $300.
  2. 10% ($30) is allocated to BB & LP; the rest funds platform operations.
  3. Half of the $30 buys $COPI at market price; the other half acquires a paired token like USDC.
  4. Both are added back to the liquidity pool, improving token availability.
  5. The generated LP tokens are held in the treasury.

Up to 10% of node fees are dedicated to this mechanism.

Governance Framework

Cornucopias is moving toward greater decentralization, allowing users to influence certain platform directions. Token stakers can vote on various topics, though votes are non-binding and the project may disregard them if they conflict with long-term strategy.

Voting Eligibility

Voting is open to users staking $COPI or LP tokens, with votes weighted by the number of tokens staked (1 token = 1 vote). Eligible tokens include:

Excluded tokens are:

Voting occurs via tools like Snapshot.

Voting Process

A project representative creates a poll on the forum and Snapshot, including:

Voting concludes either at the end date or early if better alternatives emerge. Results are tallied on the forum and remain advisory.

Frequently Asked Questions

What is the primary use of the $COPI token?
$COPI is used for marketplace transactions, staking, governance voting, and earning rewards. It is the main currency for game assets and NFT trades within Cornucopias.

How does staking work for $COPI?
Staking involves locking tokens to earn yields, NFTs, or discounts. There are three methods: staking for NFTs, for more $COPI, or for marketplace purchase discounts.

Can I participate in governance without staking?
No, only staked tokens or LP tokens qualify for voting. Each token represents one vote, and eligibility is determined at the snapshot date.

Are voting decisions binding for the project?
No, all votes are advisory. The project may override them if they do not align with long-term goals.

What is the Buyback and Liquidity Provision strategy?
It uses a portion of node fees to buy back $COPI and paired tokens, adding them to liquidity pools instead of burning them. This enhances liquidity while reducing effective supply.

How can I buy items if I don’t hold $COPI?
Third-party services like MoonPay allow users to convert fiat currency for payments, though $COPI is the preferred medium of exchange.