Oracle BlockChain
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The purpose of the pricing oracle is to balance the acquisition of the City Token obtained through lease payments, along with the minting costs to the current dollar value of the $CITY token.
This means that: If the dollar value per $CITY Token increases, $CITY rewards will decrease. If the dollar price of the $CITY Token decreases, the opposite of the above is true.
The oracle will dynamically adjust costs and rewards up or down based on changes in the dollar value of the $CITY Token.
The use of the oracle is added so that the game economy is balanced around a set dollar value. A limited amount of $CITY Token that can circulate in the economy, and a large influx of players would likely deplete all tokens present in the game contract.
By using the oracle, CoinCity forms a correlation between active users and the dollar value of the token. The assumption is that when the price of $CITY increases, the demand for $CITY also increases through the release of new game features or the influx of new players. The oracle will ensure consistent dollar payouts per transaction at the time it was made, in addition to ensuring that NFT minting costs remain at a constant dollar value.
This means that entry costs and rewards can be balanced and maintained over extended periods of time, and will accurately reflect desired win costs to allow new players the opportunity to play even if the dollar value of $CITY increases.
