hey just a little more context as i was afk and couldn't reply in detail.

the price of gaming chips is fixed in relation to the other loot types. e.g. 1k chips = 1 arcade token, 10k chips = 1 elite token

the tokens are backed by physical collectibles so it's important that the price doesnt fluctuate wildly and imo it's nice to know a fixed numerical number that they are worth.

the value of gaming chips is pegged to a basket of fiat currencies including dollars, euros and pounds. additionally it is also designed to deflate over time at a rate of 10% per year. gaming chips get more expensive over time, and the intention here is to counteract the inflation that is inevitable in the basket of fiat currencies.

this 10% increase will not necessarily be fixed forever, the gaming chip is a managed currency and the intention is to attempt to maintain price stability over time.

the main goal/idea is that over time the physical assets backing the arcade tokens etc. will be worth more in fiat money because of fiat inflation, so gaming chips are meant to counteract that and maintain a stable peg.

keen to get feedback on this system!