No! SimFly supports both crypto experts and non crypto experts. If you don’t want to deal with creating a blockchain wallet to manage your NFTs and your PAX tokens, SimFly does it for you: it assigns you a SimFly address and manages it in your behalf. On the other hand if you are acquitted with blockchain wallets, you can add your personal address to SimFLy and you will have direct control of your NFTs and your PAX tokens.

Let’s suppose Joe is a simmer and a user of SimFly.

To make purchases on SimFly, one PAX token is equivalent to one United States dollar (USD). For example, Joe can purchase a $60 airport using 60 PAX, which he can obtain by connecting SimFly to his flight simulator and completing free flights and missions. SimFly issues new PAX to reward pilots and owners of airports and aircraft who use their assets with SimFly. If Joe wants, he can convert the PAX he has earned, depositing them into his Ethereum wallet as ERC20 tokens, and selling them on a decentralized exchange.

However, it is unlikely that someone would buy Joe’s PAX for more than $1 each, as they can only be used on SimFly, where they have a value of $1 per token. Similarly, it would not be advantageous for Joe to sell them at a price significantly lower than $1 per PAX, as they would have a higher value if used for making payments on SimFly.

If Joe accumulates many PAX and wishes to monetize them, he can sell them at a price lower than $1 per token on an exchange, obtaining another currency (for example USDC). In this way, he allows other players to purchase PAX at a cost lower than $1 per token and use them to buy airports, airplanes, licenses, and upgrade their assets on SimFly, where PAX have a value of $1 each. As a result, these players can acquire assets at a reduced price, having purchased PAX at a cost lower than $1 per token.

When PAX are used for making payments on SimFly, for example, for purchasing assets or upgrading resources, these tokens are removed from circulation through a process called “burning.” Simultaneously, SimFly creates new PAX to reward users. By eliminating the used PAX and generating new PAX when they are earned, SimFly ensures that the PAX in circulation are exclusively those earned by simmers and not yet spent, creating an authentic economic ecosystem for the game that prevents manipulation of the token’s value.

Video SimFly token economy: https://www.youtube.com/watch?v=ZGylFsuJ4BY&t=1s

Well, if you’re buying a pilot license, an airplane, or an airport, you have a guarantee! Your purchase is protected by a digital ownership certificate called NFT (https://www.youtube.com/watch?v=nDn26VxhozU). This certificate is valid even outside our website and allows you to resell your purchase anywhere you want on the web.

You can convert PAX token on an (decentralized) exchange that supports it and then withdraw the money in your local currency to your bank account or another payment method accepted by the exchange.

SimFly’s bank is responsible for selling 1st Level assets at a predetermined list price, but the final price is determined by the free market through the mechanism of supply and demand. The frequent use of an asset, expressed for example in flight hours for licenses and planes or in the number of takeoffs and landings for airports, increases the production of related PAX tokens and contributes to increasing the level and value of the assets themselves.