Source : ambcrypto.com
GameFi, a union of gaming and blockchain-powered finance, has shifted the horizons of online gaming through the introduction of “Play-to-Earn(P2E)”. While conventional games have enabled participants to collect and exchange digital assets for decades, they could lose their investment at any time if the gaming platform shut the game down. A “GameFi” enabled game, on the other hand, helps the players hold their assets reserved on a distributed network. These assets function independently of any single organization, thus de-risking the digital assets.
Usually, a crypto-enabled GameFi project has a primary token and a secondary token. The primary token has a fixed supply with dynamic issuance emission making them ideal for use as an in-game currency. However, they fail to serve an important and increasingly important function of interoperability. Interoperability is the key feature that will drive mass adoption in the Metaverse.
In the real world, when we move to different locations, our identity also moves with us. This continuity should be present in the Metaverse too and projects like Mononoke-Inu are solving the problem with secondary tokens. The presence of a secondary token helps the primary token of a project to stay locked in the ecosystem. To withdraw the in-game earnings, and reap the benefits of staking awards a secondary token can be used. Additionally, different game titles from the same developer can use the same secondary token.
Mononoke-Inu is a community-focused project inspired by adventure-based games. Their 2D adventure scroller game has a P2E feature enabled to encourage participation, giving financial incentives to the players. Players can earn in numerous ways including completing levels, defeating bosses, and collecting in-game power-ups. Additionally, there will be daily competitions held for incentivizing the best players in the ecosystem.
Mononoke Inu will be the primary token for this game while Fortune will act as the secondary token. This is similar to the popular P2E action role-playing game Project SEED where SHILL token is the primary token and Outland Odyssey (02) token acts as a secondary token. O2 token is the agent of interoperability across Metaverse while having several in-game use cases. Similarly, Fortune token will also be used as an avenue to connect with other projects, trade in-game earnings to real money, item enhancements, staking rewards, and more. Fortune tokens will be distributed to players based on proof of play and during the game launch, based on the Mononoke-Inu staking mechanism. NFT minting can be done through both primary and secondary coins of the project, so will the item enhancements.
The tokenomics of Fortune differs from that of Mononoke-Inu as Fortune will have a non-capped supply. The tokenomics in Fortune include a 2.5% Buyback & LP add tax for Mononoke-Inu. As a consequence of this policy, the volume generated in Fortune will increase and stabilize the price of Mononoke-Inu. Thus Mononoke-Inu will always be the main actor with Fortune playing a supporting yet essential role, both for in-game finance and interoperability.
Disclaimer: This is a paid post and should not be treated as news/advice.