Crypto Gaming 101: 6 Trending Gaming Tokens for Beginners

The rise of crypto gaming and NFT games is revolutionizing the gaming industry, merging the thrill of gameplay with the financial opportunities of crypto. Players can now earn real-world value through gaming tokens, own unique digital assets, and participate in decentralized ecosystems that reward skill and engagement. As this trend grows, various gaming tokens are emerging, each with its own role in transforming the way we game.

In this article, we’ll explore six of the top gaming tokens, including IMX, FLOKI, BEAM, Notcoin, GALA, and AXIE Infinity.

Before You Get Started

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Immutable X (IMX)

Immutable X (IMX) is a Layer 2 solution built on Ethereum, tailored for NFT games and decentralized applications. IMX provides a gas-free, high-speed platform for minting and trading NFTs, ideal for gaming ecosystems with large transaction volumes.

IMX Tokenomics

• Total supply: 2,000,000,000 IMX

• Distribution: 51.74% allocated to ecosystem development, 25% to project development, 14.26% to private sales, and 5% to public sales.

• Staking: IMX holders can stake tokens to earn rewards. Staking rewards and transaction fees are paid out to validators and users of the platform.

IMX is used to cover transaction fees, reward users who stake the token, and grant voting rights in governance proposals, making it integral to the Immutable X ecosystem.

FLOKI Inu (FLOKI)

Originally inspired by the Shiba Inu meme coin trend, FLOKI has since evolved into a utility token within the crypto gaming and NFT space. It's gaining traction with its metaverse game, Valhalla. FLOKI follows a deflationary model, with tokens regularly burned to increase scarcity. It has a significant supply but uses various mechanisms like staking rewards and burns to maintain value.

FLOKI Tokenomics

• Total supply: 10,000,000,000,000 FLOKI

• Burn mechanism: FLOKI employs a deflationary model, with portions of tokens being burned regularly to reduce supply.

• Distribution: 50% of the supply is allocated to the ecosystem and rewards, with a portion held for development and marketing.

FLOKI is the main currency in Valhalla, the metaverse game where players can purchase in-game assets, trade NFTs, and earn rewards. It’s also used in other gaming platforms and for community-driven initiatives.

How to Buy FLOKI Using Trust Wallet

You can buy crypto, including FLOKI, using Trust Wallet, via our trusted partners. Here’s how:

• Select “Buy” from the home screen.

If using the mobile app:

• Search for “FLOKI” and select it.

• Choose your preferred currency, then enter the amount of FLOKI you want to purchase.

• Select the third party provider & payment method you’d like to use.

• Select the Buy button and complete the remaining steps.

If using the browser extension:

• Choose your preferred currency and amount, then choose FLOKI

• Select your preferred third party provider.

• Complete the remaining steps.

BEAM

BEAM is a privacy-focused cryptocurrency that has found a niche in the NFT games space. It supports confidential transactions, making it appealing for gaming platforms that prioritize user privacy. BEAM uses a capped supply model, and its deflationary approach helps maintain value. The token’s privacy features are achieved through Mimblewimble technology, ensuring that transactions remain untraceable.

BEAM Tokenomics

• Total supply: 262,800,000 BEAM

• Emission: BEAM uses a halving mechanism, with block rewards reducing over time.

• Distribution: BEAM has a 20% founder's reward that is gradually unlocked, with the rest available through mining and staking.

BEAM offers private, secure transactions for in-game purchases and NFT trading. This appeals to gamers who prefer anonymity and confidentiality, making BEAM a popular choice in privacy-focused crypto ecosystems.

Notcoin (NOT)

Notcoin (NOT) is a token used in a Tap-to-Earn game on the Telegram messenger. Its primary goal is to enable developers to create decentralized games with lower barriers to entry. Notcoin operates with a modest supply, incentivizing early adopters. The tokenomics focus on rewarding users who engage with the platform through gameplay and governance activities.

NOTCOIN Tokenomics

• Total supply: 1,000,000,000 NOTCOIN

• Distribution: 40% of the total supply is reserved for rewards, 30% for ecosystem development, and 20% for marketing and partnerships.

• Staking: Notcoin offers staking rewards to incentivize long-term holding and network security.

Notcoin is used for in-game asset purchases, rewarding players, and facilitating decentralized governance. The platform enables users to vote on game developments and updates, driving player-driven content and innovation in the indie gaming scene.

Gala Games (GALA)

GALA is the native token of Gala Games, a decentralized gaming platform that empowers players to own in-game assets and contribute to game development through blockchain. GALA has a circulating supply with periodic token burns to control inflation. Users can earn GALA by playing games on the platform, running nodes, or participating in governance.

GALA Tokenomics

• Total supply: 50,000,000,000 GALA

• Distribution: GALA’s distribution follows a daily emission rate, with halving events every year. Half of the supply goes to node operators, and the rest is allocated to the Gala Games ecosystem.

• Staking: Players can stake GALA to run nodes and earn rewards in return.

GALA can be used to purchase in-game items, such as NFTs, or to stake for governance voting. The token powers a range of decentralized games on the platform, giving players ownership over their digital assets.

Axie Infinity (AXS)

Axie Infinity (AXS) is the governance token for Axie Infinity, one of the most popular NFT games globally. Players earn AXS by battling, breeding, and trading their Axies (digital pets). AXS has a capped supply and incorporates a play-to-earn model, enabling users to earn tokens by participating in the game. A portion of AXS is allocated for staking rewards and in-game incentives.

AXS Tokenomics

• Total supply: 270,000,000 AXS

• Distribution: 29% allocated to staking rewards, 20% to play-to-earn incentives, 21% to the ecosystem fund, and the rest distributed across advisors, the team, and public/private sales.

• Staking: AXS holders can stake tokens to earn rewards and participate in governance votes.

AXS is used for staking, governance voting, and participating in the Axie Infinity ecosystem. Players can also use AXS to breed new Axies, which can then be traded or used in battles for additional rewards.

Closing Thoughts

Crypto gaming tokens offer players, developers, and investors the opportunity to participate in decentralized ecosystems, earn rewards, and shape the future of NFT games. Whether it's facilitating gas-free NFT trading on Immutable X, powering metaverse games like Valhalla, or enabling private transactions with BEAM, each token brings unique value to the gaming space.

As blockchain technology continues to integrate with the gaming industry, understanding the tokenomics and use cases behind these tokens will be key to unlocking their potential. From staking to governance, these tokens are transforming how we think about digital ownership and participation in virtual worlds.

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.