The SENATE token is used by the in-game mechanics as a governance coin as well as in-game currency for certain products within the game.
The voting system implemented uses third-party solutions and/or specially designed contracts.
Users who hold SENATE tokens will be able to:
- Create factions and manage them by holding votes.
- Take part in project level voting to steer the game development process, the purchase of game items, etc.
- Purchase space ships, modules for space stations and land plots (which is not possible with the SIDUS token).
SENATE Price Analysis
As of November 24 2024 SENATE has a marketcap of $5M.
This is {{percentagefromath}} from its all time high of $5.85.
In terms of its tokenomics, there's a total supply of 192M with 63% currently outstanding.
Keep in mind SENATE has a fully diluted value of $8.1M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
