Understanding Alien Worlds Token: A Comprehensive Guide to Fungible Tokens on the WAX Blockchain

The emergence of blockchain technology has paved the way for various decentralized applications and ecosystems. Among these, Alien Worlds stands out as a unique platform, leveraging the capabilities of the WAX blockchain to create an immersive gaming experience combined with innovative tokenomics. At the heart of this ecosystem lies the Alien Worlds token, a fungible token managed by a smart contract designed to handle all token-related activities. In this article, we delve into the intricacies of the Alien Worlds token, exploring its functionalities, actions, and underlying mechanisms.

The Alien Worlds Token Smart Contract: The Alien Worlds token smart contract serves as the backbone of the platform’s token economy. Comparable to the ERC20 contract on Ethereum-based blockchains, this contract facilitates the creation, issuance, transfer, and vesting of fungible tokens on the WAX blockchain. Referred to as alien.worlds, this smart contract encapsulates the logic governing the behavior of the Alien Worlds token.

Key Actions:

1. Create a New Token (alien.worlds::create): This action initializes a new token by specifying parameters such as the issuer, symbol, and maximum supply. Once created, only the issuer possesses the authority to mint tokens of this type.
2. Issue New Tokens (alien.worlds::issue): The issuance action generates and transfers new tokens to a designated account with a specified memo. Exclusive to the token creator, this action increases the available supply of the token.
3. Burn Existing Tokens (alien.worlds::burn): Token burning involves the removal of tokens from a specified account, effectively reducing the circulating supply. Authorization from the account owner is required to execute this action.
4. Transfer Tokens (alien.worlds::transfer): Transferring tokens from one account to another is facilitated by this action. Both the sender and recipient are notified of the transfer, allowing for additional logic to be implemented in response.
5. Open and Close Balance Records (alien.worlds::open, alien.worlds::close): These actions respectively initiate and terminate balance records for token holders, managing RAM allocation efficiently.
6. Add Vesting for a User (alien.worlds::addvesting): Vesting enables token holders to gradually access their vested tokens over a specified period. This action creates or modifies vesting records, restricting token transfer until the vesting period elapses.

Tables: The Alien Worlds token contract maintains several tables to organize data efficiently:

• Accounts (alien.worlds::accounts): Stores token balances for each user account.
• Currency Stats (alien.worlds::stat): Contains global values such as current supply, maximum supply, and issuer details.
• Vesting Table (alien.worlds::vestings): Records details of vested tokens, including account, vesting start, duration, and quantity.

The Alien Worlds token represents more than just a digital asset within a gaming ecosystem; it embodies the fusion of blockchain technology with immersive gaming experiences. Through its smart contract on the WAX blockchain, the Alien Worlds token empowers users with a versatile tool for value exchange and participation in the Alien Worlds metaverse. As blockchain continues to revolutionize various industries, Alien Worlds stands at the forefront, showcasing the potential of decentralized gaming and token economies.

Connect with Alien Worlds:

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Twitter: https://twitter.com/AlienWorlds

TG: https://t.me/AlienWorldsOffical