SOCCERVERSE COINS (SVC)
Last updated
Last updated
The Soccerverse economy is fueled by the in-game currency SVC (Soccerverse Coins, symbol: ₷). In a very real sense, you own your SVC. Nobody can take it away from you, not even the game developers, thanks to the underlying blockchain technology.
SVC is inflationary and has no total/max supply.
You can see your personal/user SVC balance when visiting your user profile page.
You can send SVC to other users by visiting their profile and clicking the (>) send icon in the upper right.
The SVC in the club you are managing is not related in any way to your personal SVC balance. A club's SVC are not transferable.
You earn SVC with your manager's and/or agent's wage, by holding influence in clubs and players or by being a successful trader in the influence markets.
You can buy SVC from other users and also sell the SVC you earned with your in-game activities to other users inside the game. The countercurrency for this is WCHI, which is the native currency of the Xaya ecosystem. When selling your SVC, you will get WCHI. For buying SVC, you need to have WCHI in your wallet.
Please note, that free moves don’t work here, you have to pay for transactions fees on your own.
To get to the in-game decentralized exchange (DEX), go to INFLUENCE in the top bar and switch to SVC next.
When visiting this page for the first time, you would have to approve your account for trading once. Click the “Approve for Trading” button and wait for the transaction to confirm.
To put your SVC up for sale, switch to SELL in the box to the right first.
In the SVC field, put in the total amount of SVC you wish to sell.
In the PRICE field, put in the price you want to sell your SVC for each (remember that the price is denominated in WCHI).
The WCHI field will automatically calculate how many WCHI you get, when your sell order is fully filled. In the screenshot below, I wish to sell 100 SVC for a price of 0.5 WCHI each, for which I would get 50 WCHI in total if all SVC get sold.
Click the SELL button after you have double-checked and everything looks fine.
Please note, that you will not instantly sell those SVC - you just put up a sell order, telling the market that you have SVC for sale. This sell order will appear in the order book in red and other users can now buy the SVC from you.
To buy SVC from other users, make sure you are on BUY in the box to the right. Check the order book for current/open sell orders.
You can see the sell order for 0.5 WCHI per SVC which was just put up and decide to buy some SVC for that price. In the SVC field, put in the total amount of SVC you wish to buy. You don’t need to fully fill the sell order, you can partially fill it.
In the PRICE field, the lowest price for which SVC is currently for sale is automatically put in.
The WCHI field will automatically calculate how many WCHI it will cost you to buy this amount of SVC.
Click the BUY button after you have double-checked and everything looks fine.
Looking at the order book after your transaction was confirmed, you can see how the numbers have changed.
100 SVC were for sale before. You bought 40 SVC, so only 60 SVC remain for sale. You got your 40 SVC from the seller and the seller got 20 WCHI from you.
This is a free market, where users meet and agree on a price for selling/buying SVC. There are no set prices.
Currently this DEX only works at a basic level. In the near future you will be able to perform market buys to instantly purchase SVC from the DEX for USDC.
