# $VAL ***IMPORTANT NOTE***** - $VAL will be the ecosystem token for Valeria Games only during Season 1! Season 1 will begin in November and last for 30-40 days. After Season 1, we will be transitioning to the $LOV token.** **$VAL and $LOV have the same total supply capped at 400,000,000. $LOV will be claimable 1:1 for $VAL upon TGE. Additionally, any $VAL spent on progression and the Valeria Games merch store will also count toward the 1:1 claim for $LOV. Meaning you can obtain the ful benefit of spending $VAL on in-game progression and merch, and receive it all back in the form of $LOV.** **Overview and Utility** $VAL will need to be swapped to GEMS for in-game use. $VAL can be swapped to GEMS (on our website) for a 50% discount, as opposed to buying GEMS in-game at the normal rate. GEMS replaces the traditional premium currency within games such as V- Bucks in Fortnite or Robux in Roblox. This token can be used to acquire cosmetics, booster packs, valerians, speed up progress, and more! $VAL will also be the only currency used to purchase items in our merch store (for Season 1). Additionally, $VAL is the currency that will be used within our marketplace to facilitate all transactions of in-game assets. The token will not be acquired in-game through regular play, but our new token $LOV will be available through our P2A campaign, and will require in-game play to participate. The $VAL token will primarily be an ERC-20 token on Ethereum mainnet, but is also an omni- chain token that can be bridged across all the different layer 2’s and side chains. {% embed url="" %} **$VAL Contract Address:** 0x011E128Ec62840186F4A07E85E3ACe28858c5606 **PAST INFORMATION:** * $VAL's total **AVAILABLE** supply is 11,919,851. The rest of the tokens will not be unlocked * $VAL had its TGE on October 16th, 2023 where only 5% of the total supply was released * $VAL has a Buy/Sell/Transfer Tax of 0% * 5,000,000 $VAL was sunk to upgrade 2,500 Genesis Land NFTs {% embed url="" %}