Editors: Diane; Maxwell; Evelyn; Diamond; Anthony; Carole
1. Axie Infinity
first level title
Axie Infinity is an online game where players duel by pitting three NFT collectible creatures against each other. Each Axie is unique and exists as an NFT. According to NonFungible data, Axie Infinitys total NFT transaction volume in 2021 is nearly 3.5 billion US dollars, accounting for about two-thirds of the entire blockchain game industrys NFT transactions in 2021, and has become GameFis leading project.
Lunacia is the land in Axie Infinity. Players can use various resources and crafting materials to upgrade their own land. Exploring their own land can have the opportunity to obtain AXS tokens, or use their own Axies NFT to upgrade the land in the public area. Occupy Exploration also has the potential to earn AXS tokens. The land value dimension includes two dimensions: the distance from the central area and the distance from the resource point.
1.1 Development
1.1.1 Significant progress
Axie Infinity has extended the return on investment period due to high inflation caused by the fall in SLP prices and user cashouts. So the team removed the Adventure Mode and Dailies rewards, which accounted for 40% and 14% of all SLP in the ecosystem, respectively, and made adjustments to Axies breeding costs. Therefore, the daily circulation of SLP tokens will be reduced by about 54%, and the supply and demand relationship of SLP has a major change. The governance framework has also been updated: community finance with progressive decentralization, and the team treasury is designed to be controlled by all AXS holders. This means community decentralized governance. To achieve true decentralization. In order to balance the economy and prevent impending damage, there are certain benefits to adjustments.
1.1.2 Financing Summary
2021-05, Libertus Capital and Konvoy Ventures invest $7.5 million;
2021-10, SkyMavis announced that it has completed the B round of financing of US$152 million, led by FTX and A16Z.
1.2 Economic Model
1.2.1 Game assets
Axie Pet NFT: There are 9 different races of pets in the game, including Bird, Plant, Beast, Aquatic, Reptile, Bug, and Dust , Mech, Dawn. There is a mutual restraint relationship between species. The attribute allocation and upper limit contained in different types are also different, including health, speed, crit, skills, etc.
1.2.2 Token distribution
Game tokens: SLP and AXS
The total supply of AXS is 270,000,000. Will be released gradually on a pre-determined schedule, lasting 65 months from the public sale. The initial circulating supply is set at 59,985,000, which is 22.22% of the total supply.
P2E accounted for 20% The main way: win the game in the arena; win the tournament; upgrade your own land and interact with the land; use the Axie Infinity trading market; breed Axies; others.
SLP (Smooth Love Potions): The white paper declares that Axie will not sell SLP directly to players, nor will it provide liquidity for SLP. The recent increase in breeding activity caused SLP to temporarily suffer from deflation, burning more SLP than games produced;
Useful for SLP: Pays for breeding between two Axies.
Anyone can get token rewards by participating in the game and making contributions;
Axies can breed up to 7 times, each time will consume more SLP;
AXS(Axie Infinity Shards):
Players can earn SLP through PvE adventure mode and PvP arena.
The usefulness of AXS:
Governance: AXS token holders are able to participate in governance voting;
Pledge: Players can stake their AXS tokens to get weekly rewards, and the staking rewards will be locked for a one-year release at the beginning of 2021;
The following figure shows the main functions of the AXS ecosystem:
🔄 Business cycle:
External loop: Users enter the ecosystem and spend legal currency to buy Axies to play games. Then use AXS tokens and SLP tokens to do so-called reproduction - generate more personal NFTs for yourself.
Players stake their AXS in the community treasury, not only have voting rights, but also get handling fees from the transactions in the community treasury as pledge rewards.
Inner Loop: Generate revenue by selling NFTs or winning SLP and AXS tokens through battles.
Krypton Gold users enter the system by purchasing tokens to obtain NFTs to play games, and funds leave the system when users sell existing NFTs or AXS tokens obtained by winning games with other players.
1.3 Data Analysis
From token data:
According to the Coingecko website, the token is currently trading at $65.45 as of 2022-03-30. The main driver of recent price volatility has to do with recent theft of assets.
The blockchain associated with Axie Infinity was recently hacked and more than $625 million in cryptocurrency was stolen. After this attack, Axie Infinity and Sky Marvis may also be greatly affected. Although the official has locked the wallet address of the hacker, the stolen Ethereum will be difficult to recover, but if the lost funds cannot be recovered, Sky Marvis will need to fill this hole at his own expense. At 11:00 p.m. on March 29, when the official announcement was made, one AXS (the token of Axie Infinity) was worth $70, but then plummeted to a minimum of $62.5.
From the perspective of community attention:
The number of people in the AXIE community is on the rise, and it has a huge ecological community. Due to the large number of people in the community, Discord officially revised the upper limit of the number of people in the group. And the atmosphere in the community is active, with everyone sharing gameplay and game status updates as the main topic of discussion.
In terms of monthly transaction volume:
Axie Infinitys most recent monthly turnover was $43.14M, and its turnover in the past 24 hours was $505.8K. In general, it still occupies a large amount of funds in the GameFi market, and it is still the leader in this track, and the number of participating users is still increasing exponentially.
1.4 Value Capture Opportunities
In-Game Value Capture: Token Scholarship Program Guild
The acquisition and pledge of SLP and AXS tokens, the AXS token pledge fee returns to the treasury.
Lunacia plots can be freely traded on the market as NFTs: players can invest in land, wait for it to appreciate in value, and then sell it for huge profits.
The scholarship program is a win-win model in which players make money through the account provided by the guild and then share it. Participate in scholarship opportunities, and manage to obtain game tokens.
YGG is a game guild that makes money from games and is the largest participant. There are around 25,000 YGG player users, and the number is still increasing. You can become a player to play gold by joining the guild, so that you will have a stable and fixed account source and tasks. Participating in the guild also includes Merit Circle, GeildFi and others.
External value capture:
Due to the congestion problem of Ethereum, the Axie team developed the Ronin sidechain and built-in DEX. Compared with Ethereum, the Gas fee of the sidechain Ronin is negligible, making it easier for users to reproduce, thereby promoting the growth of Axies turnover. Here you can explore the native token RON of the Ronin chain.
Staking rewards. In the case of the DeFi market downturn and unsatisfactory return rates, institutions can obtain a return rate of 113% (more than 200% when compounded) by purchasing AXS$ governance tokens for pledge.
The rise of Axie coincides with the sideways trading of the encryption market, the receding of the NFT craze, the participation of many large game guilds and the leading investment of well-known institutions. Axies outstanding performance seems to be worthy of attention. The team spent nothing on marketing, leaving most of the value created to the players themselves. . Play-to-Earn can attract new users who want to make a living, and retain users with a more long-term career. However, the short-term side chain Ronin was hacked, and the teams handling method was not satisfactory, which was not appreciated by the community. criticized. More rises may be due to riding the east wind of the metaverse, and the team and projects have made a lot of money, but Axie still needs to pass the test of enough time before it can become the real leader in the Gamefi field. Metaverse needs not only entertainment and earning money, but also a kind of integration and coexistence.
2. League of Kingdom Arena （LOKA）
first level title
League of Kingdoms (LOKA), launched in July 2021, is the first 4x MMO (multiplayer online game) strategy game on the blockchain, which can run on iOS, Android mobile and web. The game style design and gameplay are similar to the traditional mobile game Clash of Clans. The difference is that, as a fusion product of Gamefi and NFT, it leads the P2E economy. Adopting a dual-currency model, the governance token $LOKA (already listed on Gate, Binance, Tokencan, Huobi and other exchanges, with a historical highest price of 3.21U) and the game token $DST (the official economic model has not yet been announced). Currently, the game is one of the fastest growing blockchain MMO games in the world as of Q1 2022.
2.1 Development
2.1.1 Significant progress
Currently, YGG, the leader of the gold mining guild, has invested 286 Level 4 properties in LOKA to support the YGG alliance team in the game. As the driving force behind Axie, YGG has vigorously deployed LOKA this time, earning enough popularity and traffic for the game itself. The number of people playing this game has increased rapidly from 4,000 in July 2021 to 120,000 in January 2022. According to statistics, LOKA now has game players from more than 210 countries around the world, and its cumulative app downloads have reached 400,000 times. The team plans to improve the game infrastructure in the first half of 2022, launch the Drago NFT breeding game, announce the economic model of the $DST game token, etc., and start a game tournament in the second half of the year to interact with players around the world.
2.1.2 Financing Summary
On December 17, 2021, LOKA announced the completion of a $3 million seed round of financing. This round of financing was led by Hashed, and well-known investment institutions a16z Crypto, Binance Labs, Sequoia Capital India, BlockTower Capital, strategic investors Sky Vision Capital, and DeSpread all participated in the investment. The presence of large investment institutions not only accelerates the development of its in-game infrastructure and community building, but also paves the way for the scarcity of its tokens and game resources.
2.2 Economic Model
2.2.1 Token distribution
The official has only announced the economic model of $LOKA so far, and the release time of the economic model of $DST is tentatively scheduled for 2022.
$LOKA is the governance token of the League of Kingdoms Arena, with a total supply of 500 million pieces, and its distribution mechanism is as follows:
During the token generation event, 10.14% of the total token supply will be unlocked.
This initial supply includes the maximum number of contingency/liquidity incentives, so the actual number of tokens that actually enter circulation will be lower. $LOKA tokens will be issued/unlocked and distributed according to the usage and schedule below.
The goal of $LOKA is to provide a player-owned governance system for the virtual world of the League of Kingdoms game. Its token economy will be built on top of a strong game economy with a community focus.
When it comes to community governance, then $LOKA holders will naturally have the right to propose, vote, pledge to obtain income, and spend or upgrade the game NFT. The token will be used throughout the game and its supporting infrastructure, which will be built over the next few months.
Its most basic utility will lie in the fact that its governance rights to the gaming platform have not yet been released.
2.2.2 Game assets
The game can be rewarded by cultivating land NFT, Drago NFT hunting or farming, and casting the obtained resources into NFT and selling them on the market.
Land NFT
DRAGOS NFT
Land is a unique ERC-721 (NFT) tokenized digital asset in the League of Kingdoms game world. As of November 2021, only 65,536 (256x256) exist, and only a small fraction (about 6%) are in circulation. Each piece of land is an NFT. In the game, players can purchase land assets to obtain additional income. Each piece of land can accommodate up to 16 kingdoms. There are only 2 ways to buy land: the official website store (closed) or Opensea.
Dragos is an NFT pet similar to a dragon in the game. Players can breed, hatch and deploy it in the game. Players can bring Drago into the game and use it in the game.
Drago launches alongside $DST (Dragon Soul Token), the native utility token for the League of Kingdoms and Drago breeding games.
Resource NFT
As a free-to-play game, League of Kingdoms offers users the opportunity to make the most of their game time. One of the keys is mintable resources. There are 4 main resources in the game: Food, Stone, Wood and Gold.
When sufficient quantities of these resources are accumulated, they can be minted into ERC-721 NFTs to be traded and monetized in the marketplace.
Can be minted on Ethereum and Polygon Matic.
Can be traded on NFT marketplaces like Opensea or PlayDapp.
2.3 Data analysis
From token data:
After a period of undervalued development, there has been an explosive growth rate, with the highest point reaching about $5, and the total transaction volume is also continuing to rise.
Judging from the recent capital changes, LOKAs overall capital situation is inflow, and the large purchase orders of more than 40,000 US dollars are far more than the sales orders, which is generally positive.
From the perspective of game NFT assets:
According to DappRadar statistics, the number of transactions of Kingdom Alliance in the last month has decreased by 10.64%, but the transaction volume has increased by 38.22%. In addition to trading on the OpenSea and PlayDapp platforms recommended by the official website, LOKA is also commonly used by the community on the tofuNFT platform. In OpenSea, the transaction activity of land NFT has leveled off and the price has stabilized.
2.4 Value Capture Opportunities
📢 In the short term, for gamers:
As a game that can be played for free, pay a certain time cost or cooperate with Dajin Game Studio to earn game resources and recast them as NFTs for sale to complete profits. However, it should be noted that it takes a long time for individuals to make gold, and the guild needs to pay part of the fee in advance. There are fluctuations in the market. If there is no fixed supply target, the game resources may not be sold well. And because the gas of the ETH chain is too high, it is generally recommended to choose the Polygon chain for casting, and the casting cost needs to be considered in advance.
Join the game guild, rely on the resources provided by the game guild to start the game, and share profits with the guild after making profits or take a certain position in the guild. But it should be noted that the guild will share most of the profits, and the game time will be limited.
Participate in community operation and maintenance.
Pay attention to Dragos NFT. Currently, only NFT skins are released. If the game is hot, you can grab the whitelist and trade later.
📢 In the long run, for token $LOKA:
The governance token $LOKA and the game token $DST will realize value circulation in the future, and the project is still in the stage of perfection, so $LOKA still has value.
$LOKA tokens can be used to purchase land, which is the ultimate resource in LOKA. Each landowner can harvest 5% of the in-game resources on their land. Additionally, 10% of the net profit from in-game sales will be shared with landowners in the form of $DAI tokens (stablecoins). So the higher the level of the land, the higher the reward share the landowner gets. The land level is an indicator of the quality of the reserves, mines and monsters generated. High level reserves and monsters provide more resources, treasures and output, so Landowners are motivated to stay active in the game and actively develop their land for higher rewards. Conversely, the purchased land resources will occupy a certain share in the future NFT market and LOKA games.
Judging from the market trends in the past few days, there has been a large amount of capital inflow on the Gamefi track, which has led to the explosion of game projects that were previously underestimated. Except for the outstanding GMT, the most noteworthy is the LOKA Kingdom Alliance. The gameplay is easy to use. , is more biased towards operation than operation, which leads to a wider audience. With the update of official follow-up activities, and the market is guaranteed to be stable, coupled with the entry of the Goldsmithing Guild, the number of players in the League of Kingdoms and The popularity still has a lot of room for improvement, and we can continue to pay attention to the development of the project.
3. StepN
first level title
StepN is a Web3.0 social life GameFi that earns rewards through outdoor running. It is built on the Solana public chain and will support the Binance chain in the future. Its mission is to inspire everyone to live a healthier lifestyle, bringing people into the Web3.0 world while making positive contributions to carbon neutrality and climate change. The popularity of StepN has been rising recently, and its unique Move2Earn model has realized the interconnection between the real world and the blockchain world to a certain extent, and has attracted everyones attention to outdoor sports. Recently, many analysis articles on StepN have been published.
3.1 Development
3.1.1 Significant progress
3.1.2 Financing Summary
-2022.01.20, STEPN, the Move-to-Earn game on the Solana chain, announced the completion of a US$5 million seed round of financing, led by Sequoia Capital India and Folius Ventures, Solana Ventures, Alameda Research, 6th Man Ventures, Sfermion and other institutions, formerly ParaFi Capital partner Santiago Santos and Republic Asia Pacific partner Zhen Cao participated in the investment. The financing is completed through SAFT and will be used for team expansion and product optimization.
3.2 Economic Model
The project has two in-game tokens: GST (Green Satoshi Token) and GMT (Green Metaverse Token). Among them, the supply of GST tokens is unlimited, similar to SLP in Axie. The total production of GMT tokens is fixed, with a total of 6,000,000,000 minted.
3.2.1 Token distribution
30% of the total GMT will be allocated to users through moveearn and governance participation. A significant portion of the 30% Ecosystem Fund will be used to host giveaways and community events such as Forever Online Marathon Offerings (FOMO). Teams and private placements retain 30% of the tokens, while public placements only account for about 7%.
Move Earn GMT will begin once GMT is listed on an exchange and STEPN reaches the desired daily active users (TBD). To ensure the longevity of the application, the total GMT releases will be halved every three years. (i.e. 15% of the total GMT supply will be obtained through moveearn/Governance in the first three years, 7.5% in the second year, and 3.25% in the third year until all tokens are released).
3.2.2 Token release
According to the official token release chart, the release of GMT tokens reached 10% in February 2022, mainly in terms of public offering and ecology, and the release will continue until the beginning of 2023 in a linear system; but in 2023 During the month, a large amount of locked-up tokens such as team and private placement will be released, which may cause selling pressure and affect project development and new user experience.
3.3 Data analysis
User growth statistics: Since March, StepN’s daily new users have shown an obvious upward trend; from March 29th to 31st, StepN’s social media attention also showed a very large increase.
1. Participate in running and earning normally
2. Forge new shoes
At present, the number of users entering StepN every day is constantly increasing. Because of the game features and anti-cheat mechanism, there are not many gold-making studios entering the market to compete with real users, and the economic model of the project can be maintained relatively healthy. And StepN, as a blockchain Web3.0 project, has gradually gone out of the circle, and many outsiders are willing to contact and try it. Its motivation is in line with the public psychology with the concept of having a healthy life. In a certain sense, it has become a milestone project of GameFi and opened a new era for GameFi.
4. Voxies
first level title
Voxies is a pixel-style traditional turn-based RPG game that belongs to the Gamefi track in the blockchain, featuring play-to-earn or free-to-earn. Players can enter the game without threshold, and the game itself provides 12 free characters for players to use. Obtain game props, tokens, and weapon income through PvP and PvE mode battles (Voxies has its own internal market for trading, and can also be traded on opensea)
4.1 Development
4.1.1 Significant progress
-August 2021, the event will airdrop tokens to NFT holders, as follows: The project will airdrop 6,000,000 VOXEL tokens in total, starting from August 26, 2021, airdropping once a week, each airdropping 250,000 tokens, until 2022 On February 3rd, 24 weeks, all airdrops will be completed.
-The beta version of the game will be launched in early January 2022 to open the PVP battle mode, which is currently being updated (the official version has not yet been announced)
4.1.2 Financing Summary
-In early January 2022, Voxie received $6 million in financing from Binance Launchpad
4.2 Economic Model
4.2.1 Token distribution
The game token VOXEL has a total supply of 300,000,000, a current market value of $65,138,316, a circulation of 37,221,894 pieces, and a market value ranking of 549. Since the official has not announced whether the token is an inflation or deflation mechanism, it is impossible to judge the value trend of the token through the mechanism.
According to the token allocation and lock-up release cycle, we can know that the game revenue accounts for 50% of the tokens (after the official version comes out), and in 2022, the lock-up release will be gradually released over time mainly by strategic consultants and team tokens. currency share. Therefore, at the end of this year, game tokens may face selling pressure or the team share will continue to be locked to reduce circulation to stabilize token prices, but the most important thing is to improve the practical scenarios of VOXEL tokens, create a destruction mechanism, and improve to a certain extent Token value is the opportunity for long-term development.
The current main usage of VOXEL tokens
In the test version:
1) Purchase game props in the market (no more functions for now, lack of practical use)
Official release (expected):
1) Game activity governance and Gas
2) Purchase props in the market
3) Used to purchase Voxies NFT characters
4) Participate in the Arena Conference
5) Pledge to obtain income
4.2.2 Game assets
Character NFT: The game initially provides 10,000 Voxies NFT, which are divided into 6 levels, including common level Common, rare level Uncommon, rare level Rare, epic level Epic, legendary level Legendary, and super god level Godly. Attributes are stronger than free characters; Genesis NFT can recruit new NFT characters by consuming gems and tokens (adventure mode).
Pet NFT: Currently pets cannot be purchased. Some VoxiesNFTs have their own pets. The official said that pets can be obtained with a probability in the adventure mode (not yet open), and can also be purchased in the trading market.
Weapons and armor NFT: Like NFT, it is divided into 6 levels. The current way to obtain it is to drop it through the battle probability and buy it in the market. The official has not announced the specific drop probability details.
4.3 Data analysis
From the gaming community:
The communitys official twitter and Discord communities have been slow to increase their followers recently, with less than 2,000 followers added within 90 days. Secondly, in terms of community activity, domestic and foreign communities are two completely different situations. For domestic users, the main concern is currency price changes and NFT value realization, while international game communities mainly discuss game content and gameplay teaching , pay less attention to currency prices and NFT, and are more active.
From the perspective of tokens:
From the beginning of VOXEL’s release, due to Fomo’s sentiment and publicity, the price of the token reached a maximum of about 4$, but due to the lack of use value and the low universality of the game, it subsequently caused a sell-off of the token. However, as Stepn detonated the financial benefits brought by the gamefi boom, the price has now rebounded compared to the previous period.
As of 2022-3-31, the main force of VOXEL token funds is outflow, the selling order is far greater than the buying order, the signs of selling pressure are detailed, and the turnover rate is as high as 287%, which verifies the key issues such as low user stickiness.
Judging from the NFT inside the game:
The current floor price of character NFT is 0.27 ETH, and the average price in the past 90 days is 0.93. It can be seen that the proportion of its decline is followed by only 1,758 holding addresses, and the average monthly transaction volume is about 200 ETH
In addition, the number of NFT holdings in more than 1,600 addresses is in odd numbers, and more than 800 addresses only hold one NFT, which means that the remaining more than 100 wallet addresses occupy most of the NFTs. At present, it is only possible that the official has not yet released It can be seen that the distribution of VoxiesNFT is very uneven.
4.4 Value Capture Opportunities
1) Participate in the game for free:
Participate in PVP battles (probability to obtain weapon drops, market transactions) Disadvantages: Time-consuming and energy-consuming, unable to make gold on a large scale (0 cost)
Wait for the official version, open the tactic adventure mode, then open to win the battle to get tokens and weapon rewards (currently there are no token rewards), lower the game threshold under the premise of improving playability, reduce competition and improve fun.
2) Provide principal:
Buy NFT, wait for the official version to go online, use Genesis NFT to recruit new characters, and sell them on opensea (similar to stepn raw shoes, fried shoes) Disadvantages: the current price continues to fall, the decline is large, the number of holders is small, the game The basic market continues to decline (the cost is too high and it is one-time), or use high-quality NFT to participate in the adventure mode to increase the rate of return; wait for the official next NFT event
Participate in the current game PVP to make gold, and the weapon drop increases with the character level. Disadvantages: time-consuming and energy-consuming, unable to make gold on a large scale (the payback cycle is full of uncertainty); participate in the players arena to win the game and get the rank ranking. Tokens and NFT rewards prepared by the project party can be obtained
Investing in VOXEL tokens, according to the recent changes in VOXEL tokens, due to the lack of practical use and the lack of banker funds to pull the market, most of the transaction depth is currently in the Binance centralized exchange. In the past three months, the price of VOXEL has dropped from $4 to $1. , After a long period of shocks, it rose to around $1.8. Due to the lack of landing applications, its value cannot be reflected, so the price cannot be estimated.
First of all, Voxies games have a certain degree of playability and exploration, which is more similar to the products of the traditional game industry, so it has a certain threshold of getting started and is not friendly to new players. Secondly, the economic model of the game is well integrated with the game, and the value of the token will be reflected after the official version is launched. However, the operation of the current test version and the limitations of the game mode lead to poor stickiness and low attractiveness of players, thus forming a Matthew effect in which the strong get stronger and achieve a vicious circle. In the short term, game development tends to fall into a bottleneck, and officials cannot get enough feedback and incentives from players, and vice versa. But in the long run, after the game play and mode are perfected, the game mode based on exploration under the free-to-play mechanism is bound to bring a wave of gold rush for players and guilds, so it is worth paying attention to.
5. Illuvium
first level title
illuvium is an ethereum-based RPG battle game that combines elements of traditional RPG collection games with Auto Battler-type combat mechanics. The team expects the public beta to go live in the second quarter of 2022.
In the mysterious alien world, a spaceship crashed on an alien world with vast and diverse landscapes, a vast ocean, engulfing most of the land, and on this land, a large number of aliens Star creature illuvials. Players are the survivors on the interstellar spacecraft. During the exploration process, they will encounter various illuvials and need to defeat and capture them.
5.1 Development
5.1.1 Significant progress
Auto Battler Trailer - August/September (in development)
Yield Farm Contracts V2 - September/October (in development)
Game Beta - Q1 2022
The NFT trading platform illuviDEX (not yet online) will deduct 5% of the fee for each transaction and transfer it to the reward pool of ILV token holders
5.1.2 Financing Summary
On March 12, 2021, Framework Ventures led the completion of a US$5 million seed round of financing. On March 30, 2021, Balancer LBP raised US$38 million, with a total of US$43 million in financing.
5.2 Token Model
ETH: It is the main currency in the game. The ETH used for purchases and transactions (armor, resurrection, fragment upgrade, etc.) in the game will be sent to the illuvium Vault to purchase ILV and distribute it to stakers.
ILV: The governance token of the game, which is used to reward players for their achievements in the game, so that players can get corresponding rewards from the Illuvium game revenue, and it is also a tool for participating in game governance through the Illuvium Decentralized Autonomous Organization (DAO).
sILV: It is a token that can be used as income by staking ILV, which can be used to pay any fees except illuviDEX transactions and Leviathan Arena bets. sILV cannot be cashed out from the game, nor is it an asset based on blockchain technology.
5.2.1 Token Distribution
In-game tokens are divided into two different forms: ILV and sILV, and the consumption relationship between the two tokens is the same. The total supply of ILV and sILV is 10 million pieces, and the circulation as of 2022-03-30 is 650,786 pieces.
Incentive Model:
Players can earn ILV token rewards when they win/complete tasks in the game.
Stake ILV in the Illuvium income pool, and stakers will receive ILV or sILV rewards.
Participating in game governance through the Illuvium DAO, the Illuvinati Committee supports the community to cooperate in drafting game improvement proposals and put forward optimization suggestions for the governance model.
The reward distribution of ILV/ETH and ILV staking pool is 0.8:0.2
The Yield Pool contract can create flash pools, which are temporary farming pools that can be added by eDAO to distribute $ILV with a certain weight. This allows the flexibility to add new partners and further distribute Illuvium tokens. The yield farming distribution percentage for a given pool X is calculated by the following formula:
5.3 Data analysis
From the perspective of token economy:
Although two forms of tokens are used, due to their binding and relatively small total supply; and the introduction of ETH with high liquidity and outstanding practical application capabilities as a powerful purchase token; and The self-developed pledge pool (ILV single currency pool and ILV/ETH liquidity pool) makes the incentive model and ecological model of the governance token more perfect, thus promoting the positive development of the projects token economy.
The price of ILV tokens continues to rise, and even hit a high of $1911 at one point. Calculated according to the private placement price of $1, ILV has become a hundred-fold coin, a thousand-fold coin. Due to market conditions and the delayed launch of the game itself, subsequent price corrections have occurred. As of 2022-03-31, the current circulation of ILV tokens in the market is as low as 650,786 ILV tokens, but the market value has reached $417,628,598.
5.4 Value Capture Opportunities
📢 Staking method:
Obtain ILV or sILV through liquidity mining. ILV staking rewards have a one-year lock-up period, but stakers can give up these rewards and withdraw an equivalent amount of $sILV (worth equivalent to $ILV) to be minted and transferred to IMX. $sILV is used as an in-game currency and holders can effectively spend it in-game for 12 months.
Acquired through revenue share. The Ethereum spent by players in Illuvium is used to repurchase ILV, and then issued to pledge users. This mechanism will be launched when the game is released.
📢 Participate in the game: the game is expected to be launched in the second quarter of 2022
Join the YGG game guild, rent game accounts/game equipment, and provide game tutorials to obtain token income. Advantages: You can team up with guild members to complete tasks, the difficulty of the game is reduced, and the efficiency is increased. Disadvantage: The income obtained needs to be shared with the guild in proportion.
Create a game account to participate in the game, and win the game to get token rewards. Benefits: Get the maximum game rewards, and follow-up related game tutorials can be used to attract fans. Disadvantages: high input cost, time and energy equipment configuration, etc., and the efficiency may be low.
Participate in the NFT trading market and earn price difference advantages by buying and selling game assets and equipment: relatively low input costs, time-saving, strong market circulation, and high user demand. Disadvantage: Being controlled by the market, grasping opportunities requires accurate judgment and strong execution ability.
5.5 Summary
Reports have been prepared as of the date indicated and as subsequent market or economic conditions may change, the contents of the report do not necessarily reflect these changes. Graphs, charts and other visual aids are provided for informational purposes only. None of these graphs, charts or visual aids should be used to make investment decisions. It is not intended to assist anyone in making an investment decision, and no graph, chart or other visual aid can capture all of the factors and variables necessary to make such a decision.
Investment Risk and Disclaimer
The above content analysis only provides reference information, and does not serve as the basis for investment decisions. Please do not make any investment decisions based on this report. The report author is not responsible for the users investment results.
Reports have been prepared as of the date indicated and as subsequent market or economic conditions may change, the contents of the report do not necessarily reflect these changes. Graphs, charts and other visual aids are provided for informational purposes only. None of these graphs, charts or visual aids should be used to make investment decisions. It is not intended to assist anyone in making an investment decision, and no graph, chart or other visual aid can capture all of the factors and variables necessary to make such a decision.
Certain statements involved in this article may be assumptions about future expectations and other forward-looking opinions, and known and unknown risks and uncertainties may cause actual results, performance or events to be different from opinions and assumptions in the statements There are substantial differences.
Copyright Information
Copyright Information
This article is copyrighted by D-Tiger Research Institute. Without permission, any organization or individual shall not reprint, copy or redistribute others, etc.
