Premium Currencies

Create a Premium Currency

Open Loot can provide support for your game's premium currencies. These are traditional currencies you would typically find in a free-to-play game economy. These currencies are not used on the Open Loot Marketplace to directly buy NFTs. Their utility is intended to be for in-game purposes. On Open Loot, we will hold the balance of the premium currency, as well as offer the marketplace options for purchasing the premium currency. We support premium currencies in three different flavors:

• Sellable: These premium currencies are sold on the Open Loot platform directly to the users. They can also be earned in-game.
• Tradeable: These premium currencies are earned in-game. The user may also buy and sell it on the Open Loot marketplace with other players. These premium currencies are not sold directly by the Open Loot platform.
• Basic: These premium currencies will not be sold on Open Loot, nor can they be traded between players. However, they will have full API functionality.

Premium Currency	Bought on Open Loot via direct sale	Bought on Open Loot via P2P sale	Can list for sale on Open Loot	Earned in-game
Sellable	Yes	No	No	Yes
Tradeable	No	Yes	Yes	Yes

1. To get started, go to "Sales" > "Premium Currency"
2. Here you can view all your existing Premium Currency. Click on "Create New Currency" to continue.
3. Fill out the details for the currency then click on "Create".
   • Currency Name: This will be the display name of the currency.
   • Type: Choose between "Sellable", "Tradeable", or "Basic". For "Tradeable" currency, you'll need to fill out some additional information, see below.
   • Icon: This icon will represent the currency, and will primarily be displayed on a back background. The file format should be .png, and should have a resolution of 500x500px.
   • Secondary Icon: If your Icon is light colored and does not work well on white backgrounds, this Secondary Icon is meant for a version of your icon that will appear on lighter backgrounds. The file format should be .png, and should have a resolution of 500x500px.
4. Once the details are filled out, click on "Create".

Sellable

Sellable premium currency is sold directly from Open Loot to the user. The revenue share for these sales is 90% to the partner and 10% to the Open Loot platform. When selecting "Sellable", you will need to create individual Packages. Click on "Add Package" and fill out the following information:

• Name: The name of the package, to be used for internal purposes. i.e "Chest of Coins"
• Description: This is an internal description for this package.
• Amount: The amount of premium currency in the package.
• Price: The price of the package in USD.
• Bonus (optional): If you have a "Full Price" indicated, this will add a UI element indicating an "X% BONUS". If your Full Price is $12, and your Price is $10, then your Bonus amount would be 20, to indicate that at this discount, the package offers 20% more premium currency than at the full price.
• Price without Bonus (optional): This price will display with a strikethrough ("99.99") to indicate that that the actual price is discounted.
• Package Image: Thumbnail image representing the package itself. It should be 450x300px in .PNG format.
• Status: This will control the visibility of this package on the Premium Currency page.

Go here to see an example sellable premium currency, Big Time's Time Crystals.

Tradeable

Tradeable premium currency is sold by users, and bought by users. It can only be traded in stacks, which you will define as a set amount of premium currency. A user will list a number of stacks they want to sell, as well as a price per stack. Buyers will automatically buy the lowest priced stacks available of all the stacks listed. The revenue share for tradeable premium currency is 95% to the selling user, 2.5% to the partner, and 2.5% to the Open Loot platform. When selecting "Tradeable", you will need to provide the following information:

• Stack Size: The amount of premium currency contained in one stack. When determining this amount, keep in mind that the minimum list price for a stack is $1. For example, if you had a stack size of 25 premium currency, then the floor value of that premium currency would be $1 divided by 25, or $0.04 per premium currency. The higher your stack size, the lower the floor value will be.
• Max Stacks per Purchase: The maximum number of stacks a user can buy in one single transaction.
• Max Sell Price per Stack: The maximum price a user can set when selling a stack.
• Max Stacks User can List for Sale: The maximum number of stacks a user can list for sale at one time.

Go here to see an example of tradeable premium currency, Big Time's Augmented Blushfire Lattice.

Approvals

Premium Currency requests on Sandbox do not require any approvals. Premium Currency requests on Production will require the approval of the Open Loot Admin. Your Premium Currency request will start out in the "Awaiting Approval" state, until your Open Loot Admin has reviewed the request and approved it. Once approved, the Premium Currency will be created.

Granting Premium Currency

In order to grant premium currency directly to users, you can click on "Grant Premium Currency" at the top of the Premium Currencies Page. This will take you to the Grant Request History page, which will show a list of all previously premium currency grant grouped by request.

Grant Request History

All grant requests are listed on the Requests page. Here you can click to view the Request Details page to view more information about a specific grant request, including who requested it, when it was requested, the current status, and all the items and users in the request.

View History

This is a list of all grants that have been executed by the Partner Premium Currency tool.

New Grant

The grant tool will allow you to distribute any given number of your premium currencies to Open Loot users. Here are the steps to request an grant.

1. Enter the name of the grant, and any relevant details in the description.
2. Download the sample CSV, and fill it out with the relevant grant details.
   • user: This is the user who will receive the item(s). The tool will accept different forms of user identification.
     • userID: This is a 32-digit alphanumeric string that uniquely identifies the Open Loot account. This is the preferred method for identifying users.
     • email: The is the primary email address the user used to create their Open Loot account. This is not the email address of any of the secondary social auths the user may have linked to their Open Loot account.
     • username: This is the user's current username. This username is case-sensitive.
   • currency_slug: This is the slug of the Premium Currency. It can be found by looking at the Premium Currency details.
   • amount: This is the amount of premium currency you wish to grant to the user. There is a maximum of 1,000,000 per row.
3. Once you've reviewed the data and corrected any errors, you can click on "Confirm" to submit the request.

Approvals

Once an grant has been requested, it goes into an "Awaiting Approval" state. Executing a grant is a two-person process. Any game member may request an grant, but a game admin must approve the request. The game admin can view the Request Details and approve the request at the bottom of the page by clicking on "Approve".