GameFi track five popular chain game analysis: who will be the next Axie?

Axie Infinity

Axie Infinity is an online game where players duel three NFT collectible creatures against each other. Each Axie is unique and exists as an NFT. According to NonFungible data, Axie Infinity’s total NFT transaction volume in 2021 is nearly $3.5 billion, accounting for about two-thirds of the entire blockchain game industry NFT transaction in 2021, and has become GameFi’s leading project.

Lunacia is a land in Axie Infinity. Players can use various resources and crafting materials to upgrade their land, explore their land to have a chance to get AXS tokens, or use their own Axies NFT to conduct land in public areas. It is also possible to earn AXS tokens by occupying quests. The land value value dimension includes two dimensions: the distance from the central area and the distance from the resource point.

developing

Significant progress

Axie Infinity has an extended payback period due to high inflation caused by falling SLP prices and user cashouts. So the team canceled Adventure Mode and Daily Quest rewards, which accounted for 40% and 14% of all SLPs in the ecosystem, respectively, and adjusted the breeding cost of Axies. Therefore, the daily issuance of SLP tokens will be reduced by about 54%, and there will be a major change in the supply and demand relationship of SLP. The governance framework has also been updated: community treasury and progressive decentralization, and the team treasury is designed to be under the control of all AXS holders. This means decentralized governance of the community. Be truly decentralized. To balance the economy and prevent impending damage, there are certain benefits to adjustment.

Funding Summary

  • 2021-05, $7.5 million investment from Libertus Capital and Konvoy Ventures;
  • In 2021-10, SkyMavis announced that it has completed a $152 million Series B financing, led by FTX and A16Z.

economic model

game assets

Axie Pet NFT: Pets in the game will have 9 different races including Bird, Plant, Beast, Aquatic, Reptile, Bug, Dust , Mech, Dawn. There is a mutual restraint relationship between species. The distribution and upper limit of attributes contained in different types are also different, including health, speed, crit, skills, etc.

Token distribution

Game Tokens: SLP and AXS

The total supply of AXS is 270,000,000. It will be released gradually over 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.

 

GameFi track five popular chain game analysis: who will be the next Axie?

GameFi track five popular chain game analysis: who will be the next Axie?

P2E accounts for 20% Main ways: Arena to win games; win tournaments; upgrade own land and interact with land; use Axie Infinity Marketplace; breed Axies; others.

SLP (Smooth Love Potions): The white paper states that Axie will not sell SLP directly to players, nor will it provide SLP with liquidity. The recent increase in breeding activity has caused the SLP to temporarily experience deflation, with more SLPs being burned than those produced by the game;

What SLP does: Pays for breeding between two Axies.

  • Anyone can get token rewards by participating in the game and contributing;
  • Axies give birth up to 7 times, consuming more SLP each time;
  • Players can earn SLP through PvE Adventure Mode as well as PvP Arenas.

AXS (Axie Infinity Shards):

Uses of AXS:

  • Governance: AXS token holders can participate in governance voting;
  • Staking: Players can stake their AXS tokens to get weekly rewards, and the staking rewards will be locked for one year in early 2021;

The following figure shows the main functions of the AXS ecosystem:

GameFi track five popular chain game analysis: who will be the next Axie?

Business Cycle:

External loop: Users enter the ecosystem to spend fiat currency to buy Axies to play the game. Then use AXS tokens and SLP tokens to do so-called breeding – generating more personal NFTs for yourself.

Players pledge their AXS in the community treasury, which not only has the right to vote, but also obtains the transaction fee from the community treasury transaction as a pledge reward.

Internal loop: Generate revenue by selling NFTs or winning SLP and AXS tokens through battles.

Krypton users enter the system by purchasing tokens to acquire NFTs to play games, and funds leave the system when users sell existing NFT or AXS tokens earned by winning games with other players.

data analysis

From the 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 is related to the recent theft of assets.

Axie Infinity-related blockchain 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 hacker’s wallet address, the stolen Ethereum will be difficult to recover, but if the lost funds cannot be recovered, Sky Marvis needs to pay for the hole himself. At 11 pm on March 29, when the official announcement was made, 1 AXS (Axie Infinity’s token) was worth $70, but then plummeted to a minimum of $62.5.

 

GameFi track five popular chain game analysis: who will be the next Axie?

From the perspective of community attention:

The number of AXIE community is on the rise, and it has a huge ecological community. Due to the large number of communities, Discord has officially revised the maximum number of groups. And the atmosphere in the community is active, with everyone sharing the gameplay and the latest game updates and discussion topics.

In terms of monthly transaction volume:

Axie Infinity’s most recent monthly turnover was $43.14M, and its last 24 hour turnover was $505.8K. In general, it still occupies a large amount of funds in the GameFi market, is still the leader in this track, and the number of participating users is still increasing exponentially.

value capture opportunity

In-Game Value Capture: Tokens & Scholarship Programs & Guilds

  • The acquisition and pledge of SLP and AXS tokens, and the AXS token pledge fee will return 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 model in which players earn money through the account provided by the guild and then divide it into a win-win model. Participate in scholarship opportunities and get game token share with Manage.
  • YGG is a game guild that makes money from games and is the largest participant. The number of YGG players is around 25,000, and the number is still increasing. You can become a player to make money by joining a guild, so that there will be a stable and fixed source of accounts and tasks. There are also Merit Circle, GeildFi and others participating in the guild.

External value capture:

  • Due to the congestion problem of Ethereum, the Axie team developed the Ronin sidechain and built-in DEX, in which the gas fee of the sidechain Ronin is negligible compared with Ethereum, making it easier for users to reproduce, thereby promoting the growth of Axie’s turnover. Here you can explore RON, the native token of the Ronin chain.
  • Staking rewards, in the case of a downturn in the DeFi market and unsatisfactory returns, institutions can obtain a return of 113% (over 200% when compounded) by purchasing AXS$ governance tokens for pledge.

summary

The rise of Axie comes at a time when the crypto market is sideways and the NFT boom is fading. With the participation of many large game guilds and the leading investment by well-known institutions, Axie’s excellent performance seems to be worth paying attention to. The team invested no money in 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 in a more like a long-term career, but the short-term sidechain Ronin was hacked, and the team’s handling was not satisfactory and was not accepted by the community. criticized. More rises may be due to riding the east wind of the Metaverse, the team and the project make a lot of money, but Axie still needs to pass the test of enough time to become a real leader in the Gamefi field. “Metaverse” needs not only entertainment and earning money, but also a kind of integration and coexistence.

League of Kingdom Arena (LOKA)

Launched in July 2021, League of Kingdoms (LOKA) is the first 4x MMO (Multiplayer Online Game) strategy game on the blockchain that can run on iOS, Android mobile and web. The game’s graphic 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 the dual-currency model, the governance token $LOKA (which has been listed on exchanges such as Gate, Binance, Tokencan, Huobi, etc., with a historically high price of 3.21U) and the game token $DST (the official economic model has not been announced yet). Currently, the game is one of the fastest growing blockchain MMO games in the world as of Q1 2022

developing

Significant progress

At present, YGG, the leader of the Golden 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, which has earned enough popularity and traffic for the game itself. The number of people playing this game has rapidly increased from 4,000 in July 2021 to 120,000 in January 2022. According to statistics, LOKA now has gamers 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 Dragon NFT breeding game, announce the economic model of the $DST game token, etc., and start the game tournament in the second half of the year to interact with players around the world

Funding Summary

2021-12-17, LOKA announced the completion of a $3 million seed round of financing. This round of financing was led by Hashed, with participation from well-known investment institutions a16z Crypto, Binance Labs, Sequoia Capital India, BlockTower Capital and strategic investors Sky Vision Capital and DeSpread. The entry of large investment institutions not only accelerates the development of their in-game infrastructure and community building, but also lays the groundwork for the scarcity of tokens and game resources.

economic model

Token distribution

Officially, only the economic model of $LOKA has been announced at present, and the release time of the economic model of $DST is tentatively scheduled for 2022.

$LOKA is the governance token of League of Kingdoms Arena, with a total supply of 500 million. Its distribution mechanism is as follows:

GameFi track five popular chain game analysis: who will be the next Axie?

During the token generation event, 10.14% of the total token supply will be unlocked.

This initial supply includes a maximum amount including contingency/liquidity incentives, so the actual amount of tokens that actually enter circulation will be lower. $LOKA tokens will be issued/unlocked and distributed according to the following usage and schedule.

GameFi track five popular chain game analysis: who will be the next Axie?

The goal of $LOKA is to provide a player-owned governance system for the League of Kingdoms game virtual world. Its token economy will be built on having a strong community-centric game economy.

When it comes to community governance, then $LOKA holders will naturally have the right to propose, vote, stake to earn revenue, and spend or upgrade game NFTs. The token will be used throughout the game and its supporting infrastructure, which will be built in the coming months.

Its most basic utility will be that its governance rights to the game platform have not yet issued detailed rules.

game assets

Games can be rewarded by cultivating land NFTs, Drago NFT hunting or farming, and casting the acquired resources into NFTs and selling them in the market.

Land 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 (256×256) exist, and only a small fraction (~6%) are in circulation. Each piece of land is an NFT. In the game, players can purchase land assets for additional income. Each piece of land can hold up to 16 kingdoms. There are only 2 ways to buy land: the official website store (closed) or Opensea.

DRAGOS NFT

Dragos are in-game dragon-like NFT pets that players can breed, hatch and deploy in the game, and players can bring Dragos into the game and use them in the game.

  • Drago is released alongside $DST (Dragon Soul Token), the native utility token for League of Kingdoms and the Dragon breeding game.

Resource NFT

As a free-to-play game, League of Kingdoms provides users with the opportunity to make the most of their gaming 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 on the market.

  • Can be minted on Ethereum and Polygon Matic.
  • Can be traded on NFT marketplaces such as Opensea or PlayDapp.

data analysis

From the token data:

After a period of undervalued development, there has been an explosive growth rate, peaking at around $5, and the total transaction volume has continued to rise.

GameFi track five popular chain game analysis: who will be the next Axie?

Judging from the recent capital changes, LOKA’s overall capital situation is inflow. The large purchase orders of more than 40,000 US dollars are far more than the sell orders. Overall, it is a positive situation.

GameFi track five popular chain game analysis: who will be the next Axie?

From the game NFT assets:

According to DappRadar statistics, the number of transactions in the League of Kingdoms has dropped by 10.64% in the last month, 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 also uses the tofuNFT platform commonly used by the community.In OpenSea, the trading activity of land NFTs has stabilized and the price has stabilized.

GameFi track five popular chain game analysis: who will be the next Axie?

value capture opportunity

In the short term, for gamers:

  1. As a game that can be played for free, pay a certain time cost or cooperate with the gold game studio, earn game resources and then mint them for NFT sales to complete the profit. However, it should be noted that individual gold mining takes a long time, and guild gold mining needs to pay part of the fee in advance. The market fluctuates. If there is no fixed supply object, game resources may be unsalable. 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.
  2. Join a game guild, start the game with the resources provided by the game guild, and distribute profits with the guild or take a certain position in the guild after making a profit. However, it should be noted that the guild will share most of the profits, and the game time will be limited.
  3. Participate in community operations.
  4. Pay attention to Dragos NFT, currently only NFT skins have been released. If the game is hot, you can grab the whitelist and trade later.

Long term, for the token $LOKA:

  1. The governance token $LOKA and the game token $DST will realize value circulation in the future, and the project is still in the perfect stage, and $LOKA still has value.
  2. $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, treasure and output, so Landowners are motivated to stay active in the game and actively develop their lands for higher rewards. Conversely, the purchased land resources will occupy a certain share in the future NFT market and LOKA games.

summary

Judging from the market routing in the past few days, the Gamefi track has seen a large inflow of funds, which has led to the outbreak of previously underestimated game projects. Except for the GMT, the most worthy of attention is the LOKA Kingdom League. The gameplay is easy to get started. , is more inclined to operation than operation, which leads to a wider range of audiences. With the update of official follow-up activities, and the stable market conditions are ensured, coupled with the admission of the Golden Guild, the number of players in the Kingdom Alliance will increase. There is still a lot of room for improvement in popularity, and we can continue to pay attention to the development of the project.

StepN

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 Binance Chain in the future. Its mission is to inspire people to live healthier lifestyles, taking people into a Web 3.0 world while making a positive contribution to carbon neutrality and climate change. The popularity of StepN has been rising recently. Its unique Move2Earn model has realized the interconnection between the real world and the blockchain world to a certain extent, and has attracted everyone’s attention to outdoor sports. There have also been a lot of analysis articles about StepN recently.

developing

Significant progress

GameFi track five popular chain game analysis: who will be the next Axie?

Funding Summary

-2022.01.20, STEPN, the Move-to-Earn game on the Solana chain, announced the completion of a $5 million seed round, led by Sequoia Capital India and Folius Ventures, Solana Ventures, Alameda Research, 6th Man Ventures, Sfermion and other institutions, former ParaFi Capital partner Santiago Santos and Republic Asia Pacific partner Zhen Cao participated in the investment. The financing was completed through SAFT and will be used for team expansion and product optimization

economic model

The project has two in-game tokens: GST (Green Satoshi Token) and GMT (Green Metaverse Token). The supply of GST tokens is unlimited, similar to SLP in Axie. The total amount of GMT tokens produced is fixed, with a total of 6,000,000,000 minted.

Token distribution

30% of the total GMT will be allocated to users through move&earn 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 offerings only account for around 7%.

Move & Earn GMT will begin once GMT is listed on the exchange and STEPN reaches the desired number of daily active users (TBD). To ensure the longevity of the application, the total release of GMT will be halved every three years. (i.e. 15% of the total GMT supply will be earned through move&earn/Governance in the first three years, 7.5% in the second year, and 3.25% in the third year until all tokens are released).

GameFi track five popular chain game analysis: who will be the next Axie?

Token release

According to the official token release chart, the release volume of GMT tokens in February 2022 reached 10%, mainly in terms of public offering and ecology, and the release was in a linear system growth until around early 2023; but in February 2023 In this month, the team and private equity and other locked-up tokens will be released in large amounts, which may cause selling pressure and affect the project development and new user experience.

data analysis

User growth statistics: Since March, StepN’s daily new users have shown an obvious upward trend; StepN’s social media attention has also increased significantly during the three-day period from March 29th to 31st.

GameFi track five popular chain game analysis: who will be the next Axie?

Participate in running and earning normally

GameFi track five popular chain game analysis: who will be the next Axie?

casting new shoes

GameFi track five popular chain game analysis: who will be the next Axie?

summary

At present, the number of users entering StepN every day is increasing. Because of the game features and anti-cheating mechanism, there are not many gold 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 come out of the circle, and many people outside the circle are also willing to contact and try. Its incentive to have a healthy life is in line with the public psychology. In a sense, it has become a milestone project of GameFi, opening a new era for GameFi.

Voxies

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 barriers, and the game itself provides 12 free characters for players to use. Obtain game props, tokens, and weapon income through PvP, PvE mode battles (Voxies has its own internal market for trading, and can also be traded on opensea

developing

Significant progress

– Tokens will be airdropped to NFT holders in August 2021. The details are as follows: The project will airdrop a total of 6,000,000 VOXEL tokens, starting from August 26, 2021, once a week, with 250,000 tokens per airdrop until 2022 February 3rd, 24 weeks to complete all airdrops.

The beta version of the game will be launched in early January 2022, and the PVP battle mode is open, and it is currently being updated (the official version has not been announced yet)

Funding Summary

In early January 2022, Voxie received $6 million in funding from Binance Launchpad

economic model

Token distribution

The game token VOXEL, with a total supply of 300,000,000, has 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 inflationary or deflationary mechanism, it is impossible to judge the value of the token through the mechanism.

GameFi track five popular chain game analysis: who will be the next Axie?

GameFi track five popular chain game analysis: who will be the next Axie?

According to the token distribution and lock release cycle, we can know that the game revenue accounts for 50% of the tokens (after the official version is released), and in 2022, it is mainly strategic consultants and team representatives who will be gradually locked and released over time. coin share. Therefore, at the end of this year, game tokens may face selling pressure or the team’s share will continue to be locked up 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 purpose of VOXEL tokens

In the test version:

  1. Purchase game props in the market (no more functions, lack of practical use)

Official version (expected):

  1. Game Activity Governance and Gas
  2. Buy items in the market
  3. Used to buy VoxiesNFT characters
  4. Participate in arena conventions
  5. Pledge for income

game assets

Character NFTs: The game initially provides 10,000 VoxiesNFTs, 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 NFTs can recruit new NFT characters (adventure mode) by consuming gems and tokens.

Pet NFT: Currently pets cannot be purchased. Some Voxies NFTs come with their own pets. Officials say that pets can be obtained in the adventure mode (not yet open), or they can be purchased in the trading market.

Weapons and Armor NFTs: Like NFTs, they are divided into 6 levels. The current way to obtain them is to drop them through the battle probability and buy them from the market. The official did not announce the specific drop probability details.

data analysis

From the gaming community:

The community’s official twitter and Discord communities have been slow to gain followers recently, adding less than 2,000 followers in 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. , less attention to currency prices and NFTs, and more active.

From the token situation:

GameFi track five popular chain game analysis: who will be the next Axie?

From the beginning of VOXEL’s release, the token price reached a maximum of about 4$ due to Fomo’s emotions and publicity. However, due to the lack of use value and the low universality of the game, the token selling pressure was subsequently caused. But with Stepn detonating the financial benefits brought by the gamefi boom, the price is now rebounding compared to some time ago.

GameFi track five popular chain game analysis: who will be the next Axie?

As of 2022-3-31, the main force of VOXEL token funds is outflow, the sell orders are far greater than the buy orders, 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.

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, followed by only 1,758 addresses, and the average monthly transaction volume is about 200 ETH.

GameFi track five popular chain game analysis: who will be the next Axie?

In addition, there are more than 1,600 addresses holding an odd number of NFTs, and more than 800 addresses only hold one NFT, which means that the remaining more than 100 wallet addresses occupy most of the NFT. At present, it is only possible that the official has not released it yet. Inventory and some over-owned players, it can be seen that the distribution of VoxiesNFT is very uneven

value capture opportunity

1) Participate in the game for free:

  • Participate in PVP battles (probability to obtain weapon drops, market transactions) Disadvantages: time-consuming and energy-intensive, unable to make large-scale gold (0 cost)
  • Waiting for the official version, open the tactic adventure mode, then open to win the battle to get tokens and weapon rewards (currently there is no token reward), reduce the game threshold on the premise of improving the playability, reduce the competitiveness and improve the fun.

2) Provide principal:

  • Buy NFT, wait for the official version to go online, use Genesis NFT to recruit new characters, sell it on opensea (similar to stepn raw shoes, fried shoes) The basic disk continues to decline (the cost is too high, and it is one-off), or use high-quality NFT to participate in the adventure mode to increase the rate of return; wait for the next official NFT event
  • Participate in the current game PVP gold, weapon drop increases with the character level Disadvantages: time-consuming and energy-consuming, unable to play gold on a large scale (this cycle is full of uncertainty); participating in the player arena to win the game to get the level shot 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 dealer funds, most of the trading depth is currently on the Binance centralized exchange. In the past three months, the price of VOXEL has dropped from $4 to $1. , after a long period of shock, it rose to about 1.8 knives. Due to the lack of landing applications, its value cannot be reflected, so it is impossible to estimate the price.

summary

First of all, Voxies games have a certain level of playability and exploration, and are more similar to the products of the traditional game industry, so they have a certain threshold for getting started and are 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 limitations of the current test version and the game mode lead to poor player stickiness and low attractiveness, thus forming a Matthew effect in which the stronger is stronger, and a vicious circle is achieved. In the short term, game development is prone to bottlenecks, and officials cannot get enough feedback and incentives from players, and vice versa. But in the long run, after the gameplay and modes are perfected, the exploration-based game mode will inevitably bring a wave of players and guilds to play gold under the free-to-play mechanism, so it is worth paying attention to.

Illuvium

illuvium is an Ethereum-based RPG battle game that combines elements of traditional RPG collectible 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 in the alien world, that alien world has vast and diverse landscapes, has vast oceans, engulfs most of the land, and in this land, lives a large number of aliens Star creature illuvials. Players are the survivors on the starship. During the exploration process, they will encounter various illuvials, which need to be defeated and captured.

developing

Significant progress

  • Auto Battler Trailer – August/September (in development)
  • Yield Farm Contracts V2 – September/October (in development)
  • Game Beta – Q1 2022
  • NFT trading platform illuviDEX (not yet online) will deduct a 5% fee for each transaction and transfer it to the prize pool of ILV token holders

Funding Summary

2021-03-12, Framework Ventures led the completion of a $5 million seed round, 2021-03-30, Balancer LBP raised $38 million, a total of $43 million in financing

Token Model

  • ETH: is the main in-game currency, ETH used for in-game purchases and transactions (armor, resurrection, shard upgrades, etc.) will be sent to the illuvium Vault to purchase ILV and distribute it to stakers.
  • ILV: The governance token of the game, used to reward players for their achievements in the game, allowing players to get corresponding rewards in the Illuvium game revenue, and also a tool to participate in game governance through the Illuvium Decentralized Autonomous Organization (DAO).
  • sILV: is a token that can be used as a yield by staking ILV, which can be used to pay for any fees except illuviDEX transactions and Leviathan Arena staking. sILV cannot be cashed out from the game and is not an asset based on blockchain technology.

Token distribution

The tokens in the game 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 as of 2022-03-30, the circulation is 650,786 pieces.

GameFi track five popular chain game analysis: who will be the next Axie?

GameFi track five popular chain game analysis: who will be the next Axie?

Incentive model:

  1. Players can earn ILV token rewards for winning/completing missions in the game.
  2. Stake ILV in the Illuvium yield pool, and the stakers receive ILV or sILV rewards.
  3. Participating in game governance through the Illuvium DAO, the Illuvinati committee supports the community to collaborate in drafting game improvement proposals and propose optimization suggestions for the governance model.

The reward distribution for ILV/ETH and ILV staking pools is 0.8:0.2

Yield Pool contracts can create “flash pools”, which are temporary farming pools that can be added by eDAO to distribute $ILV with a certain weight. This allows 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:

GameFi track five popular chain game analysis: who will be the next Axie?

data analysis

GameFi track five popular chain game analysis: who will be the next Axie?

From the perspective of token economy:

Although two forms of tokens are adopted, due to their binding and relatively small total supply; and the introduction of ETH with high liquidity and outstanding practical application ability as a powerful purchase token; and The self-developed pledge pool (ILV single currency pool and ILV/ETH flow pool) makes the incentive model and ecological model of the governance token more perfect, thereby promoting the positive development of the project’s token economy.

The price of ILV tokens continued to rise, and even hit a high of $1911. Calculated according to the private placement price of $1, ILV has become a hundred times the currency, and a thousand times the currency. Due to the market conditions and the delay of the game itself, the subsequent price pullback. As of 2022-03-31, the current circulation of ILV tokens in the market is low, reaching only 650,786 ILV tokens, but the market value also reaches $417,628,598.

GameFi track five popular chain game analysis: who will be the next Axie?

value capture opportunity

Pledge method:

  1. Obtain ILV or sILV through liquidity mining. ILV’s staking rewards have a one-year lock-up period, but stakers can forgo these rewards and withdraw an equal amount of $sILV (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.
  2. Obtained through revenue sharing. The ether that players spend on Illuvium is used to repurchase ILV, which is then distributed to staking users. This mechanism will go live when the game is released.

Participation in the game: The game launch is expected to be in the second quarter of 2022

1. Join the YGG game guild, rent game accounts/game equipment, and provide game tutorials to get 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 divided proportionally with the guild.

2. Create a game account to participate in the game, and win the game to get token rewards

Advantages: Get the maximum game rewards, and follow-up related game tutorials to attract fans.

Disadvantages: high input cost, time and energy equipment configuration, etc., the efficiency may be low.

3. Participate in the NFT trading market and earn the difference by buying and selling game assets, equipment, etc.

Advantages: relatively low input cost, time saving, strong market circulation, and high user demand.

Disadvantages: Controlled by the market, grasping opportunities requires accurate judgment and strong execution.

summary

Since mid-June, the popularity of chain games has been high, and Illuvium games are governed by DAO, 100% of the income will be returned to the players, the main distribution includes 40% of the supply for pledge income, 30% for generation Coin holders, 10% is used for in-game rewards. Secondly, when players transfer the two tokens $ILV and $sILV, they must pay ETH as a gas fee, which leads to a relatively high price. At present, game developers have not found a corresponding solution: applying ERC-20 transactions to games, At the same time reduce the economic cost of players.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/gamefi-track-five-popular-chain-game-analysis-who-will-be-the-next-axie/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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