COLONY, whose full name is Arcade Colony Governance token, serves as the staking, reward and governance token within the Arcade Colony Governance ecosystem.
Currently, Colony tokens can be purchased on third party marketplaces like Hive Engine, where 1,000 Colony tokens are equivalent to 1.44 Hive, which currently costs around $0.335.
https://hive-engine.com/trade/COLONY
Colony tokens can also be earned as rewards in games featured in the Arcade Colony, such as Moonkarts and soon Stake House Den.
In Moonkarts, Colony tokens can be earned as a reward for playing races. The image below shows how much colony tokens I earned at the end of a race.
And at the end of each season in Moonkarts, based on your ranking on the leaderboard, you will also earn colony as a reward. My current rank is 25, so I will receive 2160 colony tokens.
In the Stake House Den game, you can't currently earn colony by playing, but soon players will be able to earn rewards for every winning play, whether on Roulette, Slots or Blackjack. Also, players will earn additional colony tokens when they win the Jackpot in any game.
Colony Tokens can also be staked to earn more rewards in Arcade Colony games.
In Moonkarts, staking colony tokens, multiplies your winnings based on your rank. The higher your rank in the game, the more colony tokens you will need to stake to be able to get a higher multiplier. The table below shows how much colony you should stake based on your rating to get a better multiplier.
Colony tokens can also be burned to earn Script, which is the token pegged to product in Arcade Colony. Currently, you need to burn 3389 colony tokens to get 1 script.
Colony tokens are currently the main reward you can earn when playing Arcade Colony games, and the more colony you have in stake, the more earnings you will have. Staking colony tokens will bring new rewards for players in the future, so it's actually a good incentive to do so. That's all for now guys, take care.
All images are taken from Moonkarts and Stake House Den.
Other hive games:
Splinterlands: https://splinterlands.com?ref=aubryd
Terracore: https://terracoregame.com?ref=aubryd