# $SKILL

## $SKILL is the second token in chaincolosseum.

$SKILL is mainly used to strengthen your character.

Wallet boost to boost your entire character just by keeping it in your wallet.

You can use $SKILL to boost your character's skills at a higher efficiency than the wallet boost.

There are two ways to get $SKILL: convert it from $COLOS or get it in-game

**There is a penalty when a user swaps from $SKILL to $COLOS, but this is averaged out for each transaction that gets $SKILL. The formula which we use is weighted by multiplying by the amount of $SKILL in that transaction.**

**For example, if you get 100 SKILLs on the first day and then 100 SKILLs on the next day, the penalty at that time will be 48.5% instead of 48%. Time will be calculated by block number, not by day, so it will not suddenly decrease by 2% after a day, but rather will decrease in a linear fashion.**

**(This calculation is the same as Uranium Finance's $sRads→$Rads, this information is for those who have participated in that farm.)**

**The formula for calculating the penalty percentage has changed to the following**

**MAX50% - (50 * elapsed blocks from the average transaction block of SKILL to the present) / 720000 seconds**

**If 1 block = 3 seconds, the calculation becomes 0% after 25 days have passed from the "average transaction block".**

**This "average transaction block" is re-calculated for every transaction that earns a SKILL. The formula for calculating the "average transaction block" is as follows**

**Weight" ÷ Total amount of SKILLs including the SKILLs acquired by a transaction this time**

**This "weight" is calculated as follows**

**Amount of SKILLs currently possessed before Transaction × Current average transaction block + (Current block × Amount of SKILLs in this TX)**

**No $SKILL liquidity provided. The only way to redeem $SKILL is to convert it to $COLOS from within the game.**

Smartcontract Address: 0xb19EaAF723dDd54871A6100FC9eB759237A4C1d3

Name: ChainColosseum Skill Token

Symbol: SKILL

Decimals:

**18**Network:

**Binance Smart Chain**Total Supply: ∞

Mechanism: Everything will be sent to the BURN address.

Sent to the BURN address |
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Transaction fee 5% |

Spend $SKILL on skill boosts to make your character stronger |

Early exchange penalties of up to 50% when converting $SKILL to $COLOS |

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