🏔️Gold Point(GP)

GoldPoint (GP) is the internal currency used for all gameplay within the Phigolf App, including rewards, deductions, and purchases. As shown in the table above, GP can be earned based on the swings generated in each content mode, with deduction penalties applied in course games for water hazards or OB judgments. GP is used to repair club durability and to purchase balls, profile emblems, and decorations, and it automatically expires after a predetermined period (one year). To prevent long-term inflation of Phigolf Coin (PHG) resulting from point accrual and coin exchanges (swap), the following policies are enforced. These policies may be subject to change with notice based on ecosystem conditions

1. Exchange Timeframe: Each exchange takes 24 hours to process, and no additional exchanges can be made during the 24-hour period following the completion of an exchange.

2. Exchange Limits and Fees: In a single exchange, you can swap a minimum of 500 GP up to a maximum of 100,000 GP, and exchanges can only be made in increments of 500 GP. A fee of 5% is applied during each exchange.

3. Daily Earning Limit: GP can be earned up to a maximum of 1,000 GP per day (excluding rewards from separate events).