📄BlocTale - Tokenomics
1. Introduction
1.1. Overview of BlocTale
BlocTale is a cutting-edge web3 MMORPG that leverages the power of blockchain technology to create a fully immersive, decentralized gaming experience. Players can engage in a vast and immersive world, participate in challenging quests, and interact with a tokenized in-game economy. Through the use of ERC20, ERC721 and ERC1155 tokens, players can trade in-game currency, NFT items, characters and participate in the game's governance through the BlocTale DAO. Alongside the core gameplay mechanics, the game also features a housing system that seamlessly integrates with the overall experience, allowing players to own, upgrade, and personalize virtual homes with NFT items.
1.2. Purpose of the Tokenomics Documentation
The purpose of this tokenomics documentation is to provide a comprehensive overview of BlocTale's economic system, detailing the various tokens, features, and mechanics that drive the in-game economy. This documentation aims to illustrate how the ecosystem can be self-sustainable and profitable for both investors and players, fostering a thriving gaming community and a long-lasting, engaging experience.
2. Tokenized In-Game Economy
2.1. BlocGold (GLD) - The In-Game Currency
2.1.1. Acquisition and Use Cases
BlocGold (GLD) is an ERC20 token that serves as the primary in-game currency for BlocTale. Players can acquire GLD through various activities, such as:
Defeating enemies in combat (enemy farming)
Completing quests and other in-game events
Selling NFT items to other players or NPCs
GLD can be used for various purposes, including:
Purchasing NFT items from NPC shops or other players
Upgrading and maintaining player-owned houses
Participating in special sale events
2.1.2. Token Supply and Inflation Management
BlocGold (GLD) has an inflationary token supply designed to support the game's growth and reward active players. To maintain a healthy economy and prevent excessive devaluation, the following measures are in place:
Dynamic inflation rate: The GLD inflation rate adjusts based on the number of active players, quests, and events. This ensures that the influx of new GLD entering the game is proportional to the level of in-game activity.
Sinks and fees: The game incorporates various GLD sinks, such as transaction fees, item repair costs, and house maintenance fees. These mechanisms remove GLD from circulation, helping to balance the inflation.
Periodic reviews: The BlocTale team will regularly review the in-game economy to ensure that the inflation rate remains sustainable. Adjustments to the token supply or sinks can be made in response to market conditions or as a result of community governance decisions.
2.2. Non-Fungible Tokens (NFTs) - ERC1155 Items
2.2.1. Item Categories and Rarity
BlocTale features a wide variety of ERC1155 NFT items, which include but are not limited to:
Weapons
Armor
Consumables
Decorative items for player-owned houses
These NFT items have varying levels of rarity, which impacts their value and utility within the game.
2.2.2. Acquisition and Trading
Players can acquire NFT items through several methods:
Looting from defeated enemies
Purchasing from NPC shops using GLD
Trading with other players on the Marketplace
2.2.3. Special Sale Events
Occasionally, special sale events will be held, allowing players to purchase limited-edition NFT items using GLD. These events help drive demand for GLD and provide unique opportunities for players to acquire rare and valuable items.
2.3. BlocTale Characters - ERC721 Tokens
2.3.1. Overview of BlocTale Characters
BlocTale introduces ERC721 tokens for player characters, known as BlocTale Characters. These tokens represent the unique identity, attributes, and progress of each player's character within the game. By tokenizing characters as ERC721 tokens, players can trade, sell, or transfer their characters to other players, creating a dynamic and valuable market for characters.
2.3.2. Earning and Profiting from BlocTale Characters
Players can earn and profit from their BlocTale Characters through various activities within the game, such as:
Character Progression: As players level up their characters and improve their attributes like level, job level, profession, and honor, the value of their characters may increase. A highly leveled character with rare abilities or a prestigious profession can be more valuable in the market and may command a higher price.
Quests and In-Game Events: By participating in quests, events, and other in-game activities, players can unlock exclusive abilities or titles for their characters, further enhancing their value.
Trading and Selling: Players can trade or sell their characters in the marketplace, allowing them to realize a profit from the time and effort invested in character progression.
This additional layer of tradable assets within the game adds more depth to the in-game economy and provides players with new opportunities to earn and profit from their gaming experience.
2.4. Housing System
2.4.1. Types of Houses
BlocTale offers a variety of virtual houses for players to own, each with unique features and designs. Houses come in different sizes and styles, catering to players' preferences and in-game status.
2.4.2. Acquiring and Upgrading Houses
Players can acquire houses by purchasing them with GLD. The cost of a house depends on its size, location, and features. Once a house is owned, players can upgrade and expand it using GLD, further enhancing its value and functionality.
2.4.3. Benefits and Utilities of Houses
Houses in BlocTale provide numerous benefits and utilities to their owners, such as:
A private space to showcase rare and valuable NFT items
Passive income generation through in-game activities or renting space to other players (if implemented)
2.4.4. Decorating Houses with NFTs
Players can personalize their virtual homes by decorating them with NFT items. Some NFT items may provide additional functionality or bonuses when placed within a house, creating an interactive and engaging environment.
2.5. Marketplace
2.5.1. Trading NFTs
The BlocTale Marketplace serves as a platform for players to securely trade NFT items with each other. It supports trustless transactions, ensuring that both parties receive their items without the need for intermediaries.
2.5.2. Fee Structure and Revenue Distribution
A small fee in GLD is levied on each transaction within the Marketplace. A portion of this fee is burned, helping to balance the inflationary token supply. The remaining portion is used for various purposes, such as:
Funding the development of new features and content
Supporting the game's infrastructure and ongoing maintenance
Providing incentives and rewards for active players and contributors
2.5.3. Security and Trustless Transactions
The Marketplace is built on smart contracts, ensuring the security and integrity of transactions. Players can confidently trade their NFTs without the risk of fraud or loss of assets.
3. BlocTale Decentralized Autonomous Organization (DAO)
3.1. BlocTale DAO Token (BLOC)
3.1.1. Token Supply and Distribution
The BlocTale DAO is governed by the BlocTale DAO Token (BLOC), an ERC20 token that represents the voting power within the ecosystem. The total supply of BLOC is capped at 10 billion, ensuring its scarcity and long-term value. BLOC tokens are distributed through various channels as follows:
Initial Token Sale (30%): 3 billion BLOC tokens will be made available for purchase during an initial token sale event. This event aims to raise funds for the development and launch of BlocTale, as well as to distribute BLOC tokens to early supporters and investors.
In-Game Rewards and Incentives (25%): 2.5 billion BLOC tokens will be allocated for in-game rewards and incentives. These tokens will be distributed to players over time as they participate in and complete quests, events, and other activities within the game.
Community Contributions and Promotions (15%): 1.5 billion BLOC tokens will be set aside for community contributions and promotions. These tokens will be used to reward players, developers, and other community members who actively contribute to the growth and development of BlocTale.
Team and Advisors (20%): 2 billion BLOC tokens will be allocated to the BlocTale team and advisors. This allocation serves to reward the efforts of those who work on the project, ensuring that they remain motivated and committed to its success.
Reserve Fund (10%): 1 billion BLOC tokens will be held in a reserve fund. These tokens can be used to support future development, marketing efforts, partnerships, and other strategic initiatives.
It is important to note that the above distribution plan is subject to change as the project progresses towards the final creation of the DAO. Discussions regarding distribution, vesting, and other important aspects are still ongoing within the community and development team. The final distribution plan will be determined based on the feedback and consensus of the stakeholders involved in BlocTale.
3.1.2. Governance and Decision Power
Holders of BLOC tokens have decision-making power in the BlocTale ecosystem. The amount of BLOC tokens held by a player determines their influence on the platform. Key decisions, such as game updates, feature implementations, and adjustments to the in-game economy, are made through the consensus of BLOC token holders.
3.2. Voting Mechanism and DAO Proposals
3.2.1. Submitting Proposals
Any BLOC token holder can submit proposals for changes or improvements to the BlocTale ecosystem. These proposals can encompass a wide range of topics, including game mechanics, tokenomics, partnerships, and more.
3.2.2. Voting Process
Upon submission, proposals are subject to a review and voting process. BLOC token holders can cast their votes on proposals based on their token holdings. The voting period for each proposal is predetermined, and the outcome is determined by the majority vote.
3.2.3. Implementing Changes
If a proposal receives enough support from the community, the BlocTale team will work on implementing the proposed changes. This collaborative approach ensures that the game continuously evolves to meet the needs and preferences of its player base.
4. Additional Features and Ideas
4.1. Staking and Yield Farming
Staking and yield farming opportunities can be introduced to BlocTale to provide players with more ways to earn rewards and utilize their tokens. By staking GLD or BLOC tokens, players can earn additional tokens, NFTs, or other in-game rewards. This feature encourages long-term participation in the ecosystem and helps maintain token value.
4.2. Play-to-Earn Mechanics
BlocTale can implement play-to-earn mechanics that allow players to earn GLD, BLOC, or NFTs through gameplay. By participating in quests, events, or other in-game activities, players can accumulate valuable assets and enhance their gaming experience. These mechanics incentivize active participation and help to create a thriving and engaged community.
4.3. In-Game Events and Collaborations
Regular in-game events and collaborations with other projects, artists, or developers can help maintain player interest and drive the growth of the BlocTale ecosystem. These events can introduce new NFTs, gameplay features, or rewards, further enriching the gaming experience for players.
4.4. Cross-Platform Integration
By integrating with other platforms and projects, BlocTale can expand its reach and tap into new user bases. Cross-platform integration can include collaborations with other web3 games, decentralized applications, or even traditional gaming platforms, allowing for the seamless transfer and utilization of NFTs, GLD, or BLOC tokens across different environments.
5. Long-Term Development Roadmap
5.1. Key Milestones
The long-term development roadmap for BlocTale includes several key milestones aimed at ensuring the ongoing growth and success of the project. These milestones include:
Game Development and Launch: Completion of the game's core features, mechanics, and initial content, followed by the official launch of BlocTale.
Expansion of In-Game Content: Regular updates and expansions to the game, introducing new quests, events, NFT items, and other content to keep players engaged.
Implementation of Staking and Yield Farming: Integration of staking and yield farming features to provide additional ways for players to earn rewards and utilize their tokens.
DAO Establishment: Finalization and launch of the BlocTale DAO, allowing token holders to participate in the governance of the ecosystem.
Cross-Platform Integration and Collaborations: Establishing partnerships and integrations with other platforms, projects, and developers to expand the reach and utility of BlocTale's tokens and assets.
5.2. Feature Releases and Updates
BlocTale's development team will continuously work on improving the game and adding new features based on community feedback and market trends. Feature releases and updates will include:
Regular improvements to the game's mechanics, balance, and overall quality
Introduction of new NFT items, categories, and special events
Enhancements to the in-game economy and tokenomics, ensuring long-term sustainability
Expansion of the housing system, marketplace, and other core features
6. Self-Sustainability and Profitability
6.1. Token Distribution and Incentives
The carefully designed token distribution plan for GLD and BLOC tokens ensures that all stakeholders, including players, developers, and investors, are properly incentivized to contribute to the growth and success of BlocTale. By rewarding active participation and long-term commitment, the ecosystem can maintain a healthy balance between supply and demand, fostering growth and value creation.
6.2. Revenue Streams and Redistribution
BlocTale features several revenue streams, including NFT sales, marketplace fees, and special events, which generate income to support the ongoing development and maintenance of the game. A portion of the generated revenue is redistributed to the community through various channels, such as staking rewards, yield farming, and play-to-earn mechanics. This redistribution ensures that players are rewarded for their participation and engagement, while also providing a return on investment for token holders.
6.3. Long-Term Value Proposition for Investors and Players
BlocTale's unique combination of a tokenized in-game economy, DAO governance, and a rich gaming experience creates a strong value proposition for both investors and players. As the game grows and evolves, the demand for GLD, BLOC, and NFTs is expected to increase, driving their value upwards. By continuously introducing new features, content, and partnerships, BlocTale aims to maintain player interest and create lasting value within its ecosystem.
Conclusion
BlocTale is a groundbreaking web3 MMORPG that combines a rich gaming experience with a tokenized economy and decentralized governance. With carefully designed tokenomics, a robust in-game economy, and innovative features, BlocTale aims to create a self-sustaining and profitable ecosystem for its investors and players. As the project continues to grow and evolve, the long-term value proposition for all stakeholders remains strong, paving the way for BlocTale to become a leading player in the web3 gaming space.
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