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Hello, everyone!
We are pleased to announce that SyFu has implemented the Excavation Token (EVT) functionality in our Beta Test App (version 0.2.0). With EVT excavation, users will engage in “excavating EVT embedded in stores worldwide,” a unique concept designed to deeply integrate gaming elements with real-world economic activity on our upcoming mainnet.
This Beta Test update (0.2.0) focuses on the initial testing of EVT excavation features, particularly the fundamental mechanisms involved in excavating EVT embedded at individual stores.
Please note that features such as the Excavation Rights NFT and First NFT have not been implemented at this stage. They will be introduced in future updates and on the mainnet.
This announcement summarizes the latest EVT specifications. Official and detailed documentation will be released in our next whitepaper update. We encourage you to explore the latest features by participating in the Beta Test.
For detailed instructions on how to obtain and use EVT during the Beta Test, please refer to the following guide: https://ginkan.notion.site/EVT-Excavation-Guide-Test-app-1ca9efb4e1e1805582f6dc1117625937?pvs=4
Note: EVT excavation conditions in the Beta Test app apply to check-ins and BIND actions performed after April 3, 2025, 12:00 UTC.
Exists on-chain and will eventually be tradable on CEX/DEX.
Total issuance is capped, playing an essential role in expanding the overall DePIN and GameFi ecosystems.
Distributed based on ecosystem contributions, such as long-term holding, trading volume, and staking.
1–2. EVT (Excavation Token)
A semi-limited issuance token existing on-chain.
Functions as an “excavation-type” token within the SyFu ecosystem, obtainable through card payment data (BIND).
Essential for minting MANEKINEKO through Breeding, serving as a required resource. Consumed EVT is locked within smart contracts, thus reducing circulating supply.
EVT as a Utility Token:
EVT is a “utility token” utilized for Breeding and in-game transactions, uniquely designed with finite and scarce availability as EVT quantities are embedded across real-world stores globally.
Unlike unlimited-issuance tokens, EVT features a soft cap determined by the total number of targeted stores globally multiplied by the EVT amount embedded per store, effectively suppressing long-term inflation risks.
SyFu considers the total number of global merchants (affiliated with international payment brands) as the theoretical basis for EVT distribution.
Each merchant holds a predefined maximum EVT quantity (a). Thus, the total EVT issuance is capped by a soft cap:
Total EVT = EVT per Merchant (a) × Total Number of Affiliated Merchants Worldwide
However, it is practically impossible for all merchants to fully unlock their EVT reserves simultaneously. Only the EVT from merchants actively unlocked by users becomes available for excavation.
Each merchant has a maximum EVT cap of approximately 2,000 EVT (subject to final adjustment based on beta test outcomes).
Instead of releasing all 2,000 EVT immediately, EVT reserves are gradually unlocked in stages — starting from Stage 1 (500 EVT) — with incremental releases of +2% to 10% based on ecosystem growth indicators (e.g., total BIND payment data, NFT prices, and transaction volumes). Eventually, the full cap of 2,000 EVT per merchant will be reached in alignment with the ecosystem’s growth.
Users link their card payment data with check-in data within the app (BIND).
After reaching Prime (Lv10), users can choose to earn either Econ or EVT (with additional conditions required for EVT).
Each user becomes eligible to excavate EVT from a specific merchant by meeting the excavation criteria:
Make two payments using the same card at the same merchant and BIND these transactions.
Achieve a cumulative BIND amount of at least $20 at that merchant.
(Approval takes 24 hours.)
The exact amount of EVT (100%) users earn is determined by the acquisition rate, calculated based on the parameters (such as the Charm value) of their owned MANEKINEKO NFTs and the amount spent through BIND at the corresponding merchant.
Each merchant has a maximum EVT reserve of 2,000 EVT.
Stage 1 initially unlocks 500 EVT. Subsequent amounts are incrementally released (+2% to 10% at a time) based on ecosystem metrics (e.g., total BIND transactions, NFT prices, and trading volumes), gradually reaching the total cap of 2,000 EVT.
Unlocked EVT is allocated into two pools: 20% to the Merchant Pool and 80% to the Country Pool.
To access the Merchant Pool (20%), the specific merchant must first be unlocked.
Even at merchants that haven’t been unlocked yet, users who satisfy EVT excavation conditions can access the Country Pool (80%).
Example:
If a user has unlocked a merchant and is eligible to acquire a total of 100 EVT through BIND at that merchant, the allocation will be:
Merchant Pool: 20 EVT (20%)
Country Pool: 80 EVT (80%)
For all other (non-unlocked) merchants, only the Country Pool (80 EVT) is available.
Note:
In the current beta test update, if a merchant has already been unlocked, any user meeting the EVT excavation conditions will be able to acquire the full 100% of EVT available.
An “Excavation Right NFT” acts as a key required to unlock the EVT reserves of new merchants, granting access to the Merchant Pool (20%).
Methods to Obtain:
・MANEKINEKO Breeding (one NFT per breeding event)
・Secondary market purchases
・Other methods (e.g., airdrops)
This design naturally limits excessive merchant unlocking, preventing rapid inflation of the Country Pool.
A “First NFT” mechanism is planned, allowing the user who unlocks a new merchant to mint a tradable NFT.
Details regarding the properties and minting conditions of First NFTs will be announced in the future.
Excavation efficiency from the Country Pool decreases progressively once certain excavation thresholds (e.g., 50%, 75%, and 90%) of the country’s total EVT allocation are reached.
This mechanism maintains a balanced EVT supply and demand within the ecosystem, automatically preventing excessive token inflation.
Daily credit card transactions generate unique payment data directly linked to EVT excavation.
EVT’s concept of “predefined EVT reserves per merchant” connects directly with real-world card payments through the BIND system, effectively integrating everyday consumption into the SyFu ecosystem.
EVT has a theoretical supply limit determined by the number of eligible global merchants multiplied by the EVT allocation per merchant. Actual EVT issuance requires unlocking and incremental stage releases, preventing rapid inflation.
Without actual user consumption (BIND) and unlocking via Excavation Right NFTs, EVT cannot be accessed, preserving token scarcity and value.
EVT is essential for breeding new MANEKINEKO within the game. When used for breeding, EVT is either locked or burned via smart contracts, directly reducing circulating supply.
The supply of EVT dynamically aligns with the demand for MANEKINEKO; as more users engage in breeding, more EVT gets locked, effectively mitigating inflation.
Users utilize Excavation Right NFTs to unlock their favorite merchants, gaining exclusive access to merchant-specific EVT pools. (Combining Merchant and Country pools, users can access 100% of available EVT.)
This mechanism provides additional gamification layers and strategic depth to the user experience.
The project team periodically distributes Excavation Right NFTs through community airdrops, aligning EVT unlocking with real-world card payment growth and ecosystem expansion, thus preventing excessive inflation or supply imbalance.
SyFu plans to introduce Adaptive NFT Generation, a system that dynamically adjusts the drop rates of Breed items used in MANEKINEKO breeding, thereby stabilizing the demand and supply balance for both MANEKINEKO and EVT.
Excavation Right NFTs obtained through breeding will eventually influence the adaptive generation mechanism, reinforcing long-term ecosystem stability.
The EVT reward rate, maximum EVT reserves per merchant, staged EVT unlocking, and progressive difficulty adjustments (at 50%, 75%, and 90% thresholds) will be fine-tuned based on user interaction data collected during the Beta Test period.
Future developments under consideration include EVT staking rewards (such as granting Excavation Right NFTs) and First NFTs (special NFTs commemorating the unlocking of new merchant stores).
→ In the current Beta Test, some of these features have been partially implemented and are being actively evaluated. Through real user gameplay and feedback, we aim to identify and achieve the optimal balance for the ecosystem.
EVT functions as an excavation-type utility token within the SyFu ecosystem, built on the concept of EVT being “embedded” in stores worldwide. Through staged unlocking, Excavation Right NFTs, and dynamic national pool difficulty adjustments, EVT aims to create a “practically finite” token economy. This structure helps mitigate issues of uncontrolled inflation common in traditional infinite token issuance, fostering a sustainable, long-term ecosystem growth in the GameFi/DePIN environment.
By seamlessly integrating real-world economic activity and Web3, we aim to create a system where users can enjoy discovering and “excavating digital assets” through everyday consumption. With this Beta Test update, SyFu advances into an exciting new stage of its journey.
(Announcement Edition: April 3, 2025)
The contents of this announcement reflect the current design and may be subject to change based on ongoing evaluations and beta testing outcomes.
Detailed parameters and numerical specifics will be disclosed in the upcoming Whitepaper update.
For guidance on how to use and obtain EVT during the Beta Test, please refer to this guide (https://ginkan.notion.site/EVT-Excavation-Guide-Test-app-1ca9efb4e1e1805582f6dc1117625937?pvs=4).
We invite you to participate in our Beta Test and experience the innovative world of EVT excavation firsthand!
SyFu Beta Test Launch: A New Era of Consumption Begins Following the success of the Alpha Test, SyFu is excited to announce the launch of its Beta Test app, now available on iOS and Android. This ...
Official Website: https://syfu.io/
Whitepaper: https://syfu.io/whitepaper/SyFu_White_paper_ver1.0_en.pdf
X: https://x.com/syfuofficial
Discord: https://discord.gg/kPMczw5rfe
Telegram: https://t.me/syfupj
Hello, everyone!
We are pleased to announce that SyFu has implemented the Excavation Token (EVT) functionality in our Beta Test App (version 0.2.0). With EVT excavation, users will engage in “excavating EVT embedded in stores worldwide,” a unique concept designed to deeply integrate gaming elements with real-world economic activity on our upcoming mainnet.
This Beta Test update (0.2.0) focuses on the initial testing of EVT excavation features, particularly the fundamental mechanisms involved in excavating EVT embedded at individual stores.
Please note that features such as the Excavation Rights NFT and First NFT have not been implemented at this stage. They will be introduced in future updates and on the mainnet.
This announcement summarizes the latest EVT specifications. Official and detailed documentation will be released in our next whitepaper update. We encourage you to explore the latest features by participating in the Beta Test.
For detailed instructions on how to obtain and use EVT during the Beta Test, please refer to the following guide: https://ginkan.notion.site/EVT-Excavation-Guide-Test-app-1ca9efb4e1e1805582f6dc1117625937?pvs=4
Note: EVT excavation conditions in the Beta Test app apply to check-ins and BIND actions performed after April 3, 2025, 12:00 UTC.
Exists on-chain and will eventually be tradable on CEX/DEX.
Total issuance is capped, playing an essential role in expanding the overall DePIN and GameFi ecosystems.
Distributed based on ecosystem contributions, such as long-term holding, trading volume, and staking.
1–2. EVT (Excavation Token)
A semi-limited issuance token existing on-chain.
Functions as an “excavation-type” token within the SyFu ecosystem, obtainable through card payment data (BIND).
Essential for minting MANEKINEKO through Breeding, serving as a required resource. Consumed EVT is locked within smart contracts, thus reducing circulating supply.
EVT as a Utility Token:
EVT is a “utility token” utilized for Breeding and in-game transactions, uniquely designed with finite and scarce availability as EVT quantities are embedded across real-world stores globally.
Unlike unlimited-issuance tokens, EVT features a soft cap determined by the total number of targeted stores globally multiplied by the EVT amount embedded per store, effectively suppressing long-term inflation risks.
SyFu considers the total number of global merchants (affiliated with international payment brands) as the theoretical basis for EVT distribution.
Each merchant holds a predefined maximum EVT quantity (a). Thus, the total EVT issuance is capped by a soft cap:
Total EVT = EVT per Merchant (a) × Total Number of Affiliated Merchants Worldwide
However, it is practically impossible for all merchants to fully unlock their EVT reserves simultaneously. Only the EVT from merchants actively unlocked by users becomes available for excavation.
Each merchant has a maximum EVT cap of approximately 2,000 EVT (subject to final adjustment based on beta test outcomes).
Instead of releasing all 2,000 EVT immediately, EVT reserves are gradually unlocked in stages — starting from Stage 1 (500 EVT) — with incremental releases of +2% to 10% based on ecosystem growth indicators (e.g., total BIND payment data, NFT prices, and transaction volumes). Eventually, the full cap of 2,000 EVT per merchant will be reached in alignment with the ecosystem’s growth.
Users link their card payment data with check-in data within the app (BIND).
After reaching Prime (Lv10), users can choose to earn either Econ or EVT (with additional conditions required for EVT).
Each user becomes eligible to excavate EVT from a specific merchant by meeting the excavation criteria:
Make two payments using the same card at the same merchant and BIND these transactions.
Achieve a cumulative BIND amount of at least $20 at that merchant.
(Approval takes 24 hours.)
The exact amount of EVT (100%) users earn is determined by the acquisition rate, calculated based on the parameters (such as the Charm value) of their owned MANEKINEKO NFTs and the amount spent through BIND at the corresponding merchant.
Each merchant has a maximum EVT reserve of 2,000 EVT.
Stage 1 initially unlocks 500 EVT. Subsequent amounts are incrementally released (+2% to 10% at a time) based on ecosystem metrics (e.g., total BIND transactions, NFT prices, and trading volumes), gradually reaching the total cap of 2,000 EVT.
Unlocked EVT is allocated into two pools: 20% to the Merchant Pool and 80% to the Country Pool.
To access the Merchant Pool (20%), the specific merchant must first be unlocked.
Even at merchants that haven’t been unlocked yet, users who satisfy EVT excavation conditions can access the Country Pool (80%).
Example:
If a user has unlocked a merchant and is eligible to acquire a total of 100 EVT through BIND at that merchant, the allocation will be:
Merchant Pool: 20 EVT (20%)
Country Pool: 80 EVT (80%)
For all other (non-unlocked) merchants, only the Country Pool (80 EVT) is available.
Note:
In the current beta test update, if a merchant has already been unlocked, any user meeting the EVT excavation conditions will be able to acquire the full 100% of EVT available.
An “Excavation Right NFT” acts as a key required to unlock the EVT reserves of new merchants, granting access to the Merchant Pool (20%).
Methods to Obtain:
・MANEKINEKO Breeding (one NFT per breeding event)
・Secondary market purchases
・Other methods (e.g., airdrops)
This design naturally limits excessive merchant unlocking, preventing rapid inflation of the Country Pool.
A “First NFT” mechanism is planned, allowing the user who unlocks a new merchant to mint a tradable NFT.
Details regarding the properties and minting conditions of First NFTs will be announced in the future.
Excavation efficiency from the Country Pool decreases progressively once certain excavation thresholds (e.g., 50%, 75%, and 90%) of the country’s total EVT allocation are reached.
This mechanism maintains a balanced EVT supply and demand within the ecosystem, automatically preventing excessive token inflation.
Daily credit card transactions generate unique payment data directly linked to EVT excavation.
EVT’s concept of “predefined EVT reserves per merchant” connects directly with real-world card payments through the BIND system, effectively integrating everyday consumption into the SyFu ecosystem.
EVT has a theoretical supply limit determined by the number of eligible global merchants multiplied by the EVT allocation per merchant. Actual EVT issuance requires unlocking and incremental stage releases, preventing rapid inflation.
Without actual user consumption (BIND) and unlocking via Excavation Right NFTs, EVT cannot be accessed, preserving token scarcity and value.
EVT is essential for breeding new MANEKINEKO within the game. When used for breeding, EVT is either locked or burned via smart contracts, directly reducing circulating supply.
The supply of EVT dynamically aligns with the demand for MANEKINEKO; as more users engage in breeding, more EVT gets locked, effectively mitigating inflation.
Users utilize Excavation Right NFTs to unlock their favorite merchants, gaining exclusive access to merchant-specific EVT pools. (Combining Merchant and Country pools, users can access 100% of available EVT.)
This mechanism provides additional gamification layers and strategic depth to the user experience.
The project team periodically distributes Excavation Right NFTs through community airdrops, aligning EVT unlocking with real-world card payment growth and ecosystem expansion, thus preventing excessive inflation or supply imbalance.
SyFu plans to introduce Adaptive NFT Generation, a system that dynamically adjusts the drop rates of Breed items used in MANEKINEKO breeding, thereby stabilizing the demand and supply balance for both MANEKINEKO and EVT.
Excavation Right NFTs obtained through breeding will eventually influence the adaptive generation mechanism, reinforcing long-term ecosystem stability.
The EVT reward rate, maximum EVT reserves per merchant, staged EVT unlocking, and progressive difficulty adjustments (at 50%, 75%, and 90% thresholds) will be fine-tuned based on user interaction data collected during the Beta Test period.
Future developments under consideration include EVT staking rewards (such as granting Excavation Right NFTs) and First NFTs (special NFTs commemorating the unlocking of new merchant stores).
→ In the current Beta Test, some of these features have been partially implemented and are being actively evaluated. Through real user gameplay and feedback, we aim to identify and achieve the optimal balance for the ecosystem.
EVT functions as an excavation-type utility token within the SyFu ecosystem, built on the concept of EVT being “embedded” in stores worldwide. Through staged unlocking, Excavation Right NFTs, and dynamic national pool difficulty adjustments, EVT aims to create a “practically finite” token economy. This structure helps mitigate issues of uncontrolled inflation common in traditional infinite token issuance, fostering a sustainable, long-term ecosystem growth in the GameFi/DePIN environment.
By seamlessly integrating real-world economic activity and Web3, we aim to create a system where users can enjoy discovering and “excavating digital assets” through everyday consumption. With this Beta Test update, SyFu advances into an exciting new stage of its journey.
(Announcement Edition: April 3, 2025)
The contents of this announcement reflect the current design and may be subject to change based on ongoing evaluations and beta testing outcomes.
Detailed parameters and numerical specifics will be disclosed in the upcoming Whitepaper update.
For guidance on how to use and obtain EVT during the Beta Test, please refer to this guide (https://ginkan.notion.site/EVT-Excavation-Guide-Test-app-1ca9efb4e1e1805582f6dc1117625937?pvs=4).
We invite you to participate in our Beta Test and experience the innovative world of EVT excavation firsthand!
SyFu Beta Test Launch: A New Era of Consumption Begins Following the success of the Alpha Test, SyFu is excited to announce the launch of its Beta Test app, now available on iOS and Android. This ...
Official Website: https://syfu.io/
Whitepaper: https://syfu.io/whitepaper/SyFu_White_paper_ver1.0_en.pdf
X: https://x.com/syfuofficial
Discord: https://discord.gg/kPMczw5rfe
Telegram: https://t.me/syfupj
SyFu : Payment Data DePIN
SyFu : Payment Data DePIN
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