CEBG Whitepaper

$CEC - Governance Token

The native cryptographically-secure fungible protocol token of CEBG (ticker symbol CEC) is a transferable representation of attributed governance and utility functions specified in the protocol/code of CEBG, and which is designed to be used solely as an interoperable utility token thereon.
There will be a total of 100 million CEC issued.
CEC is a functional multi-utility token which will be used as the medium of exchange between participants on CEBG in a decentralized manner. The goal of introducing CEC is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on CEBG without any intermediaries such as centralized third party entity/institution/credit. It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. CEC does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will CEC entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. CEC may only be utilized on CEBG, and ownership of CEC carries no rights, express or implied, other than the right to use CEC as a means to enable usage of and interaction within CEBG. The secondary market pricing of CEC is not dependent on the effort of the CEBG team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
Further, CEC provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on CEBG, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. CEC is an integral and indispensable part of CEBG, because without CEC, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on CEBG. Given that additional CEC will be awarded to a user based only on its actual usage, activity and efforts made on CEBG and/or proportionate to the frequency and volume of transactions, users of CEBG and/or holders of CEC which did not actively participate will not receive any CEC incentives.


$CEC is the CEBG governance token.
Total supply: 100 million.

How to Gain CEC

CEC can only be obtained through:
b. Marketing Events
c. P2E

CEC Use Cases

CEC Usecases
  1. 1.
    Consumption: As the native platform currency, all the NFTs may only be purchased by spending CEC. Both CEC and CEG are required for upgrade and level-up of NFTs.
  2. 2.
    CEC functions as a gating mechanism and players may stake CEC to participate in various ecosystem activities, for example governance, exclusive contents/areas within the game, marketing activities, or providing liquidity to liquidity pools to allow other users access to CEC. All active participants would receive rewards proportionate to their contributions.
  3. 3.
    Governance: To promote decentralized community governance for the network, CEC would allow holders to propose and vote on governance proposals to determine future features, upgrades and/or parameters of CEBG, or provide feedback, with voting weight calculated in proportion to the tokens staked (the right to vote is restricted solely to voting on features of CEBG; it does not entitle CEC holders to vote on the operation and management of the Company, its affiliates, or their assets or the disposition of such assets to token holders, or select the board of directors of these entities, or determine the development direction of these entities, nor does CEC constitute any equity interest in any of these entities or any collective investment scheme; the arrangement is not intended to be any form of joint venture or partnership).
  4. 4.
    P2E: Via the P2E mechanism players have chance to gain a small percentage of CEC by playing the game and engaging in game activities.
Stability of token economy
CEBG has put in much effort into designing the in-game economy in order to achieve a stable token economy and game ecosystem.
  • The release of CEC will be adjusted yearly according to the market situation.
  • CEC will be consumed continuously in the game. NFTs can only be purchased through CEC.
  • The upgrade and level-up of NFTs also require a certain amount of CEC.
  • Part of the CEC revenue will be put into the CEBG Treasury for development/outreach efforts. CEC holders have the rights to participate in community governance.