This is of course one of the most obvious partnerships to make. Paintswap is the premier NFT marketplace on Fantom and we look forward to having our Fantom-based NFTs being traded here.

The partnership with Paint Swap is twofold. First, all the Beardies NFT holders get access to this awesome bearded painter. Besides that, we have an awesome paintbrush hat that resembles the Paint Swap logo, this will be available to top supporters of Paint Swap such as large BRUSH stakers.

SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network. Different from other DEXs, we’re invested in building a strong foundation with our BOO token as a governance token, diverse farms, a built-in bridge, built-in limit orders, and user-centered service.

Iconic for SpookySwap is its adorable Grim character, which is a wizard cat floating on a broom. This character is one of the most unique characters in the way it looks and attacks (he attacks with his broomstick). Besides the very exclusive Grim, we also have the more accessible wizard hat to wear.

The team at Beets says it best themselves: We are an anon team of highly skilled, meticulously disciplined, empathetic, diverse, humble people from all over the world, honing our craft to a ridiculous level, building something we love out of passion, interest and an aspiration to achieve financial independence while contributing to something valuable to the world.

They are a DeFi protocol, a premier all-in-one-DEX, committed to creating access to cutting-edge wealth creation opportunities for everyone. Based on Balancer V2, Beethoven X is the first next-generation AMM protocol on Fantom Opera.

All holders of the First Ludwig collection NFTs get access to the Ludwig fighter in the game. All those who hold both a Ludwig NFT as well as one of ours, get access to the awesome Degen Apprentice character.

Spirit Swap is another key player in the Fantom DeFi space. They are a one-stop shop for all you need, whether that is trading, staking, farming, lending, bridging, and more. All through their app.

They are known for their awesome Ghollie ghost character. We had a really fun time creating the fighting animations for Ghollie, where we had to maintain the sheet-like look while he punches and kicks.

Meet the FantomStarter platform that enables investors to participate first in the most promising projects and products with solid business plans to win top blockchain opportunities. With a focus on the Fantom chain, it is one of the best places to get early access to promising Fantom projects.

As you may have seen on our socials, we are launching our GLOVE token on the Fantom Starter platform. To bring this partnership to the next level, we implemented their cute little ghost into our game.

Cyber Neko is a modern, vibrant, Cyber World and Zootopia-themed community, with Cyber Neko NFTs as its first-gen citizens. Through gamification, we make it possible for its citizens ‒ the Podians, to engage in a virtual world, interact with others, and participate in DeFi activities via their NFT PFP.

The Cyber Neko NFTs are both cute and awesome looking and totally fit the pixel art style we are going with ourselves. The Cyber Neko integration is two-tiered: A basic Neko character is available for all holders of Cyber Neko NFTs, while a more epic character is available for those who hold both a Cyber Neko as well as one of our Gen0 NFTs.

Missing Frontier is a multiplayer crypto game that is set to launch later this year. The incredible artwork, cinematic trailers, and the HUGE partnership with Ubisoft make this one of the most anticipated launches right now.

Missing Frontier was actually our first partner due to the personal connection and respect of our team members for their game as well. We are integrating the Lucky Watcher character into the game and it will be available for all Missing Frontier NFT holders.

Last but not least, there is A.N.I.M.O. which is also a highly anticipated crypto game set to launch soon. Within the game cute little animals control epic machines of destruction to fight against each other and AI enemies. We are also personally fans and supporters of their project and game so it only made sense to integrate them!

We are adding none other than the Community Frog himself as the integrated character. For the occasion, he has dropped his melee weapons and put on two big boxing gloves instead. Holders of both an A.N.I.M.O. NFT as well as one of our Gen0 NFTs get access to this epic fighter in the game.

Andre Cronje is one of the best-known devs within the crypto space. Some call him the father of DeFi, as he founded the Yearn DeFi protocol which kicked off the period now referred to as ‘DeFi Summer’. Since then 100s of projects have based their work on his Yearn protocol and Andre has done multiple new DeFi experiments. Andre is also very involved and plays a big role within the Fantom ecosystem.

While there is no official partnership with Andre, we have received permission to use his likeliness. We are honored to have this legend in our game!

Make sure you join our socials!

Twitter | Discord | Instagram | Website

SwapMan NFT also offers an unlimited number of ERC20 and ERC721-based projects an on-chain staking and community-building option.

SwapMatic was the first DEX/AMM on the Matic Network mainnet (now Polygon), and it continues to focus on Polygon-based projects, while it also supports other chains.

SwapMatic began as a Matic Network hacking project. The objective was to use the Uniswap protocol to connect with Matic. At the time, Matic Network did not offer any other DeFi services.

SwapMatic expands the Uniswap v1 protocol on Matic Network with several sophisticated capabilities.

It was not a hasty choice to “transfer the business” to this quickly emerging new L2 chain. In comparison to some other L2 chain solutions that were just marginal in the overall strategy (like xDAI) or were too corporate and centralized, MATIC was assessed to be the ideal basis for a long-term commitment and development (like BSC). Yes, MATIC had (and still has!) a welcoming, enthusiastic, and motivated team.

One of the first to use Matic and SwapMatic was 0xBitcoin.

Some progressive crypto communities soon adopted SwapMatic. KIWI PoW Token and 0xBitcoin, the first two PoS bridging initiatives, provided liquidity and a passionate introduction to their user base. The Ethereum GAS situation was worsening, and these projects were eager to reach the ‘next level’ as fast as possible.

SwapMatic also participated in Matic’s inaugural Build-and-Earn round, where it was ranked #7 and received significant morale-boosting cash.

In the inaugural Matic & GitCoin Build-n-Earn round, a foundational DeFi service served all ecosystem players, and the venture received both finance and love.

In SwapMatic, many other projects were listed and received good visibility and liquidity.

The service has been operational on Matic Mainnet (now Polygon) since August 2020 and is currently awaiting the addition of further PoS bridge and Matic-native ERC20 tokens.

SwapMatic is an automatic market maker (AMM) on Ethereum L2 sidechain Polygon (previously Matic). Because SwapMatic’s liquidity is based on MATIC pairings, anything pooled on the platform is extremely liquid.

SwapMatic is a community-driven, creative enterprise based on open standards and protocols from a business standpoint. It takes advantage of novel approaches created on the blocktimeworld platform, such as frictionless liquidity mining, universal staking, dynamic snapshots, blockchain analytics, NFT DeFi, on-demand NFT minting and mining, ultra-light DAOs, and more.

First and foremost, it’s all about serving your audience, solidifying your project, and growing your community.

Serve your existing audience: SwapMatic provides a robust marketplace with near-zero trading fees, rapid transactions, and open architecture to serve your present audience. SwapMatic is a decentralized service, which means that everyone’s money is secure.

Build a new audience: L2 DeFi projects are trendy right now, and Polygon is gaining much traction. Early adopters, innovators, crypto nerds, and an increasing number of regular consumers are all on board. Having your project featured attracts new people and puts you on the map in ways you’ve never seen before.

Enhance your project’s visibility: Your project will be visible and highlighted on the application itself (‘drop-down’), as well as in market data communications and as part of a continuous promotion.

Mining incentive: Token pools that have been officially onboarded will get daily SWAM token incentives. That’s a tremendous chance to strengthen your project and make holding and pooling your token a viable alternative.

Sounds fantastic, but what’s the catch? Is this something I can afford?

You certainly can!

It only takes a little time and effort to get your project up and running on SwapMatic.

Their communities, assets, and competencies are more significant than the parts.

Working together, SwapMatic adds more value to its partner projects and stakeholders.

Why not seize an opportunity with minimal risk but the potential for a massive payoff?

It may be as simple as contacting us over Discord or Telegram to get your project started, and their friendly team will take care of the rest.

In any scenario, the following are the actions to take:

Many people have inquired what SwapMatic’s future holds, or at the very least, what the plan is. Here are some significant ideas and activities for 2021 and beyond.

SwapMatic’s primary business is to provide Polygon (Matic)-based blockchain and token initiatives visibility and a trading platform. SwapMatic assists projects in gaining traction and being featured. Farming tokens for SWAM in SwapMatic is a fantastic potential for any project, especially for those without their yield farming platform.

SwapMatic began as a Uniswap v1 implementation in the Matic Network mainnet’s early days; it was the first AMM or DEX on Matic. The original SwapMatic was assigned to Swapdog, which can now be found at https://swapdog.io, in order to preserve the legacy and v1 liquidity pools.

Swapdog.io pools and farming information may be found here.

SwapMatic is committed to rewarding liquidity providers in the long run. The idea is simple and comprehensive: every new donation to the SwapMatic or SWAM token liquidity pools yields a daily APR of 100% or more.

Farming occurs in Swapdog.io‘s XYZ-MATIC pools and 3rd-party exchanges like QuickSwap or Dfyn‘s SWAM-XYZ pools. Blocktimeworld.com allows you to claim every farmed SWAM.

The initiative will continue until 80 million SWAM tokens have been given. The pooler does not need to stake LP tokens or distribute awards on a daily basis using this scheme.

See SWAM liquidity mining information and a 25% APR staking offer.

During the year 2021, the SWAM cryptocurrency will be featured on important market data sites (CoinGecko, CoinMarketCap). Right now, the most up-to-date market data on the SWAM price can be found here.

SwapMatic is not in the business of airdropping! Unless one is an established behemoth with a significant footprint, we believe that careless airdropping is a means to undermine the value of a project and its utility asset (like Uniswap).

However, there are exceptions with SwapMatic:

SwapMatic (remember “Matic”?) is based in Polygon, although SwapMatic and SWAM are already ‘technically’ existent and mapped in Ethereum Mainnet and Binance Smart Chain. Other sidechains in the EVM ecosystem, on the other hand, should not be overlooked; emerging new L2 EMV chains hold much promise.

As the need for DeFi on L2 chains grows, so do the market’s needs and opportunities. SwapMatic launched a SwapMatic market aggregator based on the 0x protocol in Q2/2021, which discovers the cheapest rates from various marketplaces and DeFi services.

The aggregator has the following features:

SwapMan DeFi NFT is created by combining your favorite DeFi superhero with non-fungible tokens (NFT).

SwapMan NFT holders and SWAM stakers get extra staking features and bonuses with SwapMan NFT.

With a 24-hour trading volume of $970, the SwapMatic price is $3.09. In the previous 24 hours, the price of SWAM has dropped by -2.2 percent. It has a total quantity of 100 million SWAM coins and a circulating supply of 590 thousand SWAM coins.

SwapMatic has launched the SWAM token to speed up the platform’s development. The mechanism for dissemination is now in place.

The following is the justification for this new DeFi token:

With these objectives in mind, the SWAM distribution program was created in this manner. The following are the basic principles of the distribution strategy:

Continuous incentive: Rather than a single snapshot based on prior contribution, the reward mechanism should encourage the service’s ongoing development and acceptance in the present.

Linear rewards: Increased liquidity investment must raise overall rewards provided, rather than a daily or weekly quota to be distributed. Investors and projects do not compete in this way, and everyone benefits from the project’s success.

Variety of options: Investors and contributors must be able to choose from various initiatives in which to invest and contribute. SwapMatic is a platform that invests in and promotes both unusual hacking projects (such as Invader Finance) and mainstream (DAI, WBTC) or corporate-backed assets (USDC, BUSD).

Various chains and platforms: While SwapMatic is based on Polygon (Matic), the program is designed to work with various Ethereum-based chains.

Pooling in Ethereum Mainnet and Polygon and staking on Polygon will be supported when the program launches.

There are five different schedules for the distribution.

Schedule A — Core Liquidity: MATIC liquidity providers will get 40 million tokens (40 percent) for Swapdog.io, the original SwapMatic’ v1′ on Polygon. The emission rate is 100% APR to value pooled, then converted to SWAM using Swapdog.io’s current SWAM-MATIC exchange rate.

Formula: (pooled MATIC/365)*2

Schedule A’s main purpose is to bring liquidity into the core SwapMatic service.

https://info.swapdog.io/pools has a list of Schedule A pools.

Schedule B — SWAM Pools: SWAM-xyz liquidity providers in Polygon and Mainnet pools will get 40 million tokens (40 percent). To the SWAM pooled, the emission rate is 100 percent APR.

Formula: (pooled SWAM/365)*2

The primary purpose of Schedule B is to make the SWAM token a desirable asset for usage in Ethereum Mainnet DeFi services.

https://swapmatic.io/pools has Schedule A pools.

Schedule C — SWAM Staking: SWAM stakers in Polygon will receive 10 million tokens (10%). To SWAM staked, the rate of emission is 25% APR.

Formula: (staked SWAM/365)*0.25

The main purpose of Schedule C is to encourage users to keep SWAM when they don’t want to invest in liquidity pools.

Here is where you can find staking options: https://swapmatic.io/staking.

Every day, distribution in Schedules A-C takes place.

For token distribution, SwapMatic employs the Blocktimeworld.com platform. The platform makes use of a unique Crypto Crawler service that permits a dynamic crawl, i.e., capturing a snapshot of users’ balances before the daily rewards distribution, to enable an agile and accurate rewards distribution.

The user does not need to stake LP tokens.

The SWAM token distribution began on February 25, 2021, and SWAM tokens are available for claim.

The user does not have to pay any gas or any costs to claim tokens.

Tokens in the distribution program are held in holding accounts until they are mined and claimed as per schedules A through C.

Schedule D — Development: 5 million tokens (5%) for direct investments in the project’s value or capabilities, such as recruiting developers, subcontracting, marketing, or acquiring essential corporate services.

Development funds can also be invested to generate money, with the proceeds going into the development fund.

If development funds are pooled or staked following Schedule A-C, they are ineligible for SWAM distribution and do not qualify as decision-making votes.

When spending development money, the team consults the community and SWAM holders as much as possible.

Tokens from the development fund are held in a holding account, and withdrawals will be publicized ahead of time.

Schedule T — Team: 5 million (5%) for the team to use as it sees fit, as long as it doesn’t destabilize the project or the SWAM market price. Withdrawals will be communicated in advance, and team tokens will be locked in the team transparency account.

Unused tokens for Schedules A through D will be retained on custody accounts made public. The Team fund’s unused share will likewise be made public. This allows the community to monitor the project’s transparency and token distribution in real-time.

By community vote, funds can be shifted between Schedules, for example, if funds for Schedule A run out and there are plenty of funds in Schedule B or C.

Get $SWAM Token

For those who wish to earn high yields on their investments and diversify their portfolio at the same time, UniFarm is the best bet in all forms.

There are several examples of users who’ve earned staggering returns by investing small in UniFarm.

For the tokens you’ve purchased using QuickSwap, you need to transfer those tokens to your MetaMask wallet and stake those tokens in UniFarm.

You will earn a minimum of 36% APY which can go up to 250% APY maximum, which is a win-win for investors.

You can follow this How to Stake guide to learn the staking process.

Get 250% APY

UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.

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The AssetFi sale was a great success!

The results are in:

79 Seedling users joined the $AFI IDO today.

Of these 19 were Seedlers, and 14 were Investors.These two tiers had the first 20 minutes to invest.At 15:20, Enthusiasts were allowed to invest, and invest they did! 33 Enthusiasts joined the AssetFi IDO and in a matter of seconds purchased all remaining available tokens.

Everyone is able to review their awarded allocation on the AssetFi section of Seedling. The AssetFi team will be notified and will take charge of the $AFI distribution at TGE according to their distribution schedule.

Let me now take a moment to address a few comments of disconcert with the tier system and the perhaps unfavorable terms of allocation of the IDO today:Seedling is a young platform, and we are learning along with you, as we go. We have a dedicated team that spends their working days making the user experience of launchpad participants as positive as possible. You can rest assured that with every new IDO, we will continue learning and applying these experiences to improve future IDOs.

With that caveat in place, I would like to remind you to be civil in our shared chats. Nobody is out to get you, and the system is not “rigged against you.”

Holding SDLN tokens gives you the unique opportunity to participate in the IDO of highly vetted projects hand picked by the Seedling team. The point of SDLN is that there is some correspondence between how much you hold and the level of access you enjoy when using the Seedling platform. Intuitively, the more you hold, the better the advantages including early or exclusive access to sales and larger allocations.

We attempt to balance this with a novel tier calculation system that also accounts for token distribution and holding time among other variables. The math works, and we’re very proud of it.

We now need to learn how to apply it in considerations of timing and allocation, given external constraints such as how many tokens are made available to the Seedling launchpad by the projects launching.

This is a journey, and it’s a pleasure to have you join us. We will have countless IDOs over the next weeks and months, and each will be markedly better than the last. Stick with us, and you’ll see!

— Margaret, Seedling Project Lead

Cherry Labs is going full throttle. Overwhelmed by the response, their original Cherry Farms initiative got renamed into Cherry Cartel which is now developing into a full on investment DAO. As their team is working to making this a reality, they have reassured us Seedling will be the launchpad of choice should they ever wish to create and sell a membership token or NFT.

It’s nearly here guys. They will launch their private sale tomorrow. Their dApp MVP should be out by the end of the weekend. We expect to onboard them on Seedling within 2 weeks. We are considering different options for their sale, including reserving a discounted but more exclusive allocation for our Seedler and Investors, and then a larger supply of tokens for all other tiers, thus guaranteeing ample supply for everyone and avoiding the issues encountered with $AFI. We will keep the community updated.

You can expect Cherish’s listing on Seedling to happen within one week from today. Information about their project is currently being assembled by their team and we’ll likely host an AMA so that our community can learn about Cherish first hand. Keep an eye on our socials for Cherish, our confirmed next IDO.

Website : https://www.opsya.orgDocumentation : https://docs.opsya.orgDapp : https://app.opsya.financeIncubated by Cherry Labs ❌

Website: https://flutterswap.finance/Twitter: https://twitter.com/flutterswapSmart Contract Audit: https://www.tech-audit.org/_files/ugd/5ed437_29853f9d13af4036a0d9d97a45955330.pdfIncubated by Cherry Labs ❌

Website: https://ampleswap.com/Twitter: https://twitter.com/ampleswapDocumentation: https://docs.ampleswap.com/Blog: https://ampleswap.medium.com/Github: https://github.com/ampleswapIncubated by Cherry Labs ❌

Website: https://onimeta.org/Twitter: https://twitter.com/OnimetaOfficialWhitepaper: https://secureservercdn.net/160.153.137.218/e3c.a84.myftpupload.com/wp-content/uploads/2022/01/Onimeta_Whitepaper_V1.0.pdfBlog: https://ampleswap.medium.com/Audit: https://secureservercdn.net/160.153.137.218/e3c.a84.myftpupload.com/wp-content/uploads/2022/01/OniMeta_0x8cFcF618725ed33B2F699ee3DE6cc84B66c1832E.pdfGithub: https://github.com/OniMetaIncubated by Cherry Labs ❌

Users should look forward to an exciting future with Seedling. Token holders can expect improvements such as tier delegation and great incentives and advantages such as early access deals.

Make sure to follow the moves taking place in the Cherry Ecosystem overall. We expect a considerable volume of IDOs going through Seedling over the next weeks and months. We secured favorable conditions and early access thanks to our partnerships with Luben Capital, Cherry Labs, and Spherelink.

Join our Telegram channel for more information and to keep up to date with Seedling: https://t.me/seedling_cm

The Announcements for the private and public campaigns will be on our public Telegram channel above and our Announcement channel: https://t.me/seedlingnews

Follow us on Twitter: https://twitter.com/SeedlingCM

Follow our Medium: https://seedling-cm.medium.com/

Discord: https://discord.seedling.cm

Website: https://seedling.cm

As hard times breed great men, and great men breed peaceful times, so do peaceful times breed unmotivated men, thus spawning hard times once more.

We believe in solving problems. Whether they be problems hard to admit, or problems hard to solve, we seek to solve them regardless. We have identified during our time, two major issues in GameFi, and in the “DeFi 2.0” model.

Just as society splits when different opinions arise, so do teams when philosophies do not synchronize. Our vision formed in focus on these two issues, and comes to fruition at the convergence of their respective two solutions. The idea of these two solutions is rendered in the idea of “Atlantis”, a city where the critical problems of these two sectors are mitigated, and, ideally, resolved.

Games should be designed with the player at the forefront, and be enjoyable with and without crypto involved. The game should be designed with crypto as an enhancement for the player and in-game economy, and not to be designed around in a nature of greed.

OccupyGameFi represents the campaign to change the way that “GameFi” is designed. The better product naturally trends towards more success. Thus is the case with GameFi. We believe the bar is low for “crypto games”. There is a critical issue in GameFi, an issue that not only hurts the players, the public opinion of crypto, but the future trajectory of both of these. To nip this issue in the bud, is to save the future of GameFi, and “crypto-gaming” as a whole, or, at the very least, do our share.

This manifesto will read leaning on the side of verbosity as to provide as clear of a message as possible. In addition, throughout the duration of this writing, three terms will be used frequently, and may or may not be considered the “cultural & commonly accepted” definition of the terms. By providing the contextual-definition, semantic debates over this manifesto are extracted from the equation.

From here on out, the use of the term “GameFi” will be used to represent any game that involves a cryptocurrency. This is not the common use of the phrase. Generally, GameFi refers to the merge of DeFi, and gaming. However, for a game to involve crypto, it does not have to also technically utilize DeFi. Again, for the sole purposes of this manifesto, GameFi represents any game that utilizes crypto in its mechanics in any way, shape, or form.

P2E will represent Play-To-Earn.

POL will be used to represent the idea of “DeFi 2.0”, or, the concept of “Protocol Owned Liquidity”, POL for short.

A debate over semantics generally is an arbitrary and overall net negative when having a conversation, however, it has its place as a preventive measure when the common conscience has a specific understanding of a word not well defined. And this is meant to spark a conversation. A conversation of issues in GameFi, and protocols utilizing the POL model.

The fundamental issue present in the current state of GameFi, is, none other than the “Play to Earn” model at its core, and, in addition, the way games are designed in GameFi. Take a shot every time you read “GameFi”.

Before diving(kek) into the problem, let’s explore a principle of economics, the system of “Play-To-Earn”, and how that piece of fundamental economics works, or, does not work, in context of the current “Play-To-Earn”-dominated GameFi landscape.

We in Atlantis are not the most prestigious economists, however, it does not require an expert-level knowledge to know the phrase “There ain’t no such thing as a free lunch”, or, in its abbreviated form, “TAANSTAFL”. The idea of TAANSTAFL is quite simple. In an economy, there are relative incentives for providing something, paid out in goods, services, or currency. To acquire a good, service, or currency, a trade is always made. There is no free ride, and to acquire one of these things, is to give up another. If one desires to acquire currency, they provide a service or good. A business will buy your time, effort, and service-providing skill-set, in exchange by selling you currency. Both participants are ideally satisfied, as they receive the thing they want, in exchange for the thing the other party wants. No participant in the economy is willing to give away one of their things in exchange for nothing, thus, giving birth to the heuristic phrase, “There Ain’t No Such Thing As A Free Lunch”.

It does not take long when peering into the current state GameFi to realize, there is seldom any other model present than the P2E (Play to Earn) model. P2E represents the following concept.

Within the context of a game existing in the GameFi sphere, one must not win in order to receive a currency. This means, that whether a player wins, ties with another player, or loses, they are given a currency in return for simply showing up to play. In the case of a game that rewards this currency only on a win for the player, this issue is still present, since the losing player does not lose the currency, therefore, tokens are still given by the game for nothing in return other than playtime. Let us briefly return to the concept of TAANSTAFL to further illustrate the connection between P2E and the economic principle itself.

TAANSTAFL says there is nothing given for free within an economy. All decisions incur an inherent cost, whether the cost is considered to be free or not, is arbitrary, because at the basis of all things given for free, they are given for free with time spent to do so, time being a cost in itself. In this article, the definition of TAANSTAFL will not be revisited, but referred to in abstraction as it fits for the purpose of this manifesto.

When a player participates in P2E, they are given a token, which they are often able to sell for currency that can be used to purchase goods and services or other currencies. The game itself, or, those who decide the in-game currency’s flow and output, must be making an economic decision. They are providing a token, or, currency, in exchange for, well, something, right? Generally, in software products that are provided as a “free” service, such as, Instagram, Twitter, or Snapchat, there still is an exchange taking place between the user and the one providing this “free” service. In the case of social media software, the exchange is in user data.

In the case of P2E, there is no exchange of user-data. So, one must only ask, where does the value in a P2E token come from? One must ponder this question thoughtfully to arrive at the truthful conclusion. Generally, when there is something existing in an economy, it may have an intrinsic value, and an extrinsic value. Without exploring the entirety of these two concepts, which is still a largely unsolved mystery of human psychology and economics, the terse definition for purpose of this manifesto will be that intrinsic value represents the utility and scarcity of an economic good/service/currency. Extrinsic value will represent the perceived value of that good/service and/or currency by “the market” as a whole, which is, for lack of a better definition, the non-mathematically represented value sum of all its individual participants.

If there is no exchange of user data, or other economic value exchanged in trade between the player spending their time playing the P2E game, and the token received for doing so, nor is any value given for the team’s efforts in upkeeping or innovating on the game, then where does the token’s intrinsic value come from?

Generally, a good or service, if a currency does not exist in the economy, can be roughly quantified by the cost it incurs, or, the exchange rate of the thing itself and a different good or service.

For example, if a carpenter builds tables, and a farmer farms corn, and they wish to trade, and a trade is struck for 100 corn ears in exchange of 1 table, then the value of 1 table can be thought of at market price, or “the going rate”, to be 100 corn ears.

Let us now return to the P2E model. If a player that spends their time playing a P2E game is giving up that time in exchange for a token, and they are not selling their user-data to the organization maintaining the game, then what is the intrinsic value, or, exchanged value, of that token given to the player for their time? How do the creators of the game benefit from receiving that player’s time? What we do know, is that the player benefits by selling the token they receive at market price, for a currency they can use to buy other goods and services, such as a loaf of bread.

The market price will be whatever is paid for it, in other words, the perceived value of that token by the market. If you subtract the intrinsic value from the market price, this is what gives us the extrinsic value. If the intrinsic value is 0, does that mean the market price of the token is purely based on extrinsic value, or, the perception of value by the market participants? Would anyone like to purchase some tulips for a premium?

To quickly visit laws of supply and demand, when the supply of a good increases, the demand reacts in “reflexivity”, and generally, when supply increases, and demand does not increase equally, the price of the good/service must fall to meet the demand. There is the Economic Theory of Equilibrium, and the Economic Theory of Reflexivity explored by the Open Society Foundations. A stance on one or both of these theories is not necessary to admit that when the supply of a good increases, the price of that good tends to fall. This can be tied to the idea of intrinsic value, which is derived generally from two things: Scarcity, and utility. Scarcity is the one to be explored in context of a token being minted and given to the player within a P2E game. If playing the game mints the player a portion of the new supply of a token, which is the case with a P2E game, as, tokens are minted to the player, and not of a finite supply, then it is inherently implied that the supply of the token only increases. This is the case unless tokens are bought back from the supply and removed, although, this would require an entity to purchase the tokens back, incurring a cost in itself.

If supply only increases, whilst demand does not, then what does this imply for the price of the token?

Simply put, a grim destiny.

“What if the player receives more of the token, but the price falls?”

The player benefits from selling the token on the market, to other market participants, for market price, represented as its extrinsic value plus its intrinsic value(generally 0).

For a token to have intrinsic value, it must be backed by something, generally scarcity or utility. If a token in the P2E model is not backed by the player’s time, nor user-data, then what is it backed by?

In the P2E model, tokens emitted by the game for simply showing up to play, are backed by nothing, unless an exchange is made to acquire the token besides the time of playing itself, because the creators of the game cannot exchange your time on the market for anything, thus rendering the player’s time at a market price of 0. So this means, the player must sell this token for its market price, which is generally composed of its extrinsic value, since it has no intrinsic value, if they want to receive any benefit past simply enjoying the game without the crypto involved. This implies, to collect any profit, that the token must be sold to a different market participant for higher than what it cost the seller to acquire. If it costs nothing to acquire the token from the original position of its minting, since, no user data is exchanged, only play-time, which has a market price of 0, then selling it for anything higher than 0 would imply the Greater Fool Theory and the presence of Tulipmania, both concepts of which, outline the idea of an overvalued asset pushed to wild prices beyond its intrinsic value, simply on the fumes of the next market participants perception.

Now that we know the problem, that the token is backed intrinsically by nothing, how can we solve it?

Admittance is the first step.

Within the POL model, which is further outlined in the TridentDAO Gitbook documentation, the concept of intrinsic value is manifested in the use of a treasury. Assets of market value, generally stablecoins such as DAI or FRAX, are taken by the treasury, and, in exchange a token is given to the participant. In the case of TridentDAO in the Atlantis ecosystem, PSI is given to the participant in exchange for FRAX. Without delving going further on this topic, since it is well outlined in the Gitbook documentation, this means, that we know one PSI has an intrinsic value of the amount of stable assets used to create it, and those stable assets are stored in an open-source smart contract, aptly called the treasury.

In the beginning of this manifesto, two issues are mentioned to be outlined and addressed.

The first issue, is the issue of GameFi being dominated by the P2E model, an economically unstable system.

The second issue, living in the protocols utilizing the POL model, is what will be identified next, and thus, a solution will be proposed to both issues simultaneously by this manifesto and the Atlantians working to bring it to fruition.

The concept of the POL model, pioneered and created by Olympus, is one of prestige. In short, it capitalizes on the DeFi protocol’s ability to own its liquidity, and then leverage it to earn a yield in some way, shape or form. In any forward innovation, a new branch of issues presents itself. The one spawned by the POL model, is that, at some point, growth of the protocol ceases. This is an issue in any organization and exists in many facets of life, but can be mitigated through vertical and horizontal integration. Olympus has since launched Olympus Pro, a remedy to this issue, albeit still within the confines of DeFi itself and does not integrate from outside crypto.

At some point, things grow too large for the box constructed for itself, and must metamorphosis to expand its wingspan to elsewhere.

Generally, on a basic level, by providing liquidity to an exchange, one incurs a profit back in return for their liquidity provision. This is the case in DeFi, and by integrating the POL model to a protocol, a large treasury can be built through bonds, and thus the liquidity is used to gain a yield and redistribute that yield back to its stakers who earn profits in the form of rebases, where new supply is minted and distributed to those stakers and then compounded. In the case of the TridentDAO treasury, this is also true, as is with most if not all POL protocols.

There comes a time when the influx of liquidity to the treasury does not continue to grow as much as what was maybe expected, and a plateau is reached. The folks in Atlantis believe that, at some point, a POL protocol must seek to horizontally and vertically integrate to expand its reach to broader markets. If it does not do this, the valuation of the treasury becomes locked to only its yield from the DeFi market, which is encapsulated in a portion of the crypto market. Locking a treasury to one market is a finite game to play, and presents the hurdle of bringing revenue from outside of crypto. The vector of scale does not have the ideal maximum that could be attained when locked to one market, and so a protocol seeking to reach its tentacles into other markets would provide more promising potential should it succeed in its plan to integrate, both horizontally and vertically. More simply put, a protocol seeking to grow its market shares in not just the crypto market, but other markets, would have a much higher cap on its future profits than one locking itself to one area of the open market, in this case, DeFi liquidity yields.

The difficulty in solving this problem, the problem of not harvesting revenue from outside crypto, is that, at least here in Atlantis we believe, there is not many places for crypto to be integrated with other sectors where the bridge is able to be built and thus crossed. Without getting into the issue of real world use cases, there has not been much movement to integrate other sectors with crypto yet. This poses the hurdle of securing integrations outside of DeFi a quite difficult one. At the same time, the tokens in the POL model are generally never burned, causing them to be locked as an inflationary currency, where supply is only created and never removed from the market, which exerts supply side pressure and forces demand to shift in reflexivity. Generally this leads to the price of the token to decline, although the holders who choose to stake will receive this new supply in the form of rebases. The yield has a much more finite pathway than if a protocol were to expand its borders outside, as a country exhausts its internal natural resources, and seeks to conquer foreign lands in its pursuit of growth as an empire.

So what is the proposed solution by Atlantis and the Trident protocol, and how does it solve both of these critical issues simultaneously?

Let us briskly cover the two issues once more, to outline how they are merged, and bring an attempt at a strong solution.

We believe Play-To-Earn can only exist if an exchange of economic value is taking place, which is not the case in the most prominent iterations of P2E, since tokens are minted based on playtime of the users, without collecting user-data, and playtime is not something that can be directly sold, thus, proving the current-standing Play-To-Earn model as a complete and utter facade.

This is the current state of GameFi, with an economically broken and unsound system acting as the spearhead of GameFi.

Players often collect a token with no intrinsic value, and at most, use it to breed two (insert game character here) together, spawning a third. However, they generally do this in hopes to sell the (insert game character here), to then acquire more of the valueless game token emitted through the P2E model, to then sell this token on the market.

This causes the facets of Pay-To-Win to come into play, since players acquire in-game utility through purchasing the (insert game character here) with tokens from outside the P2E game’s economic system, and then using that acquired power, represented as the game character. These game characters generally have quantifiable stats, and thus are directly comparable to other game characters, meaning one will, within the confines of the game’s economy of course, inherently have higher value than another game character. Pay-To-Win has never increased the enjoyment of the game in an equitable way based on player skill, nor has it ever made a game more enjoyable. More addicting? Sure. Better? Absolutely not. Players know this, and so does the market, hence why the most played and enjoyed games are generally “Triple A” titles in the gaming industry, which, have microtransactions, but generally never overstep the boundary of letting players with more capital have the upper hand as a direct result of them spending more in-game.

This model would not be acceptable in the traditional gaming industry, or, at least, not at this level. The model of P2E renders itself not only by minting a token with no intrinsic value, but also by having in-game utility locked behind a large paywall, that tends to increase as the wealth gap does so and those with more capital acquire more of the in-game assets and increase their price since supply is removed from the market. A few examples come to mind where this issue is present, and again, regardless of the broken economics of the GameFi spearheads, remain the pinnacle of GameFi.

To revisit the POL protocol problem swiftly, these protocols are strongly advised to seek revenue from outside the self-contained system that is crypto and DeFi.

How can the gap be bridged, if there is not many lands to explore through the use of crypto?

A combination of the two. Crypto serves large use cases in both the financial industry, and gaming.

By utilizing the POL model, to amass a treasury, and utilize that treasury to build and maintain a game with sound economics that are sustainable, and line incentives in a manner that makes sense, as is never the case in P2E (since a player’s time cannot be sold but a token must be returned in exchange), Atlantis hits two birds with one stone.

Fresh revenue is captured by conquering the GameFi sphere, and gaming industry itself, which remedies the critical issue of traditional POL DeFi protocols.

The GameFi issue of P2E is solved by doing away altogether with a fundamentally unsound system, and completely replacing it with a new one.

In the Risk-To-Earn model, we solve both the issue of GameFi’s cancerous P2E economical farce, and at the same time, are able to transfer the POL token emissions to a deflationary policy at the point of a plateau in growth.

The Risk-To-Earn model ensures a better future for GameFi, where players earn based on a meritocracy, and not based on their wallet. Any player may earn their way from the ground up, as is the case in the open market when one opens a trading account on a CEX, or throws some change into a decentralized wallet and hops on a DEX.

At the same time, this allows the game to have growth outside of crypto. With the Risk-To-Earn model, and the new era we are working to bring to life in GameFi, games are enhanced by crypto, not designed around them. We begin with the game design in mind, and if the token fits, then so be it.

The Risk-To-Earn model is a term coined by the team in Atlantis, and is designed around the following concept:

A new game is created. Agnostic, or, neutral, to using crypto. This game begins solely as a PvP game. Players face off against one another. They, of course, are defeated, or are victorious in this game. Ties are counted as neutral and do not affect either player in any way, and thus can be labeled as “negated” and removed from all scenarios when discussing outcomes.

It may assist to tie the rest of this Risk-To-Earn model with an analogy. One may from here on out, attempt to bridge connections with the Risk-To-Earn model, to the way a trader operates in the financial market. They risk capital, in a zero-sum game, to earn back profits, while a market maker like the exchange they trade through, takes a small fee for this, that the trader is willing to pay in order to attempt at capturing potential upside from a “victory”.

In Risk-To-Earn, it is similar. Players provide a chunk of their own capital, in a wager format, and the winner takes all of the wager placed on the match.

This is not limited to the two players involved in the PvP competition, but also may involve the spectators able to watch, and therefore, bet on the match as well.

This creates a zero-sum game, which is sustainable as is evident by the world economy, in which no currency is created from nothing and given to a player, rather, it is earned by improving their skill and receiving it from a player willing to risk it on a match between the two.

This not only provides for an economically sustainable game, but one that is a meritocracy, which removes the Pay-To-Win mechanics entirely from the actual gameplay itself, which, in the current state of the GameFi sphere, calling it “gameplay” is a horrendous disgrace to the word itself.

POL protocols tend to run dry of new places to capture market share, and thus, yield for their holders, because they lock their market to the DeFi space only. In addition, their tokens often remain inflationary. Supply increases while intrinsic value growth flattens out. With Bitcoin or Ethereum(as of recently with its major shift to having a burn mechanic), which are often considered good examples of improvement on a store of value, the supply of tokens is either finite or deflationary. The only way for a supply to become deflationary, is for the supply to be burned or removed from the market in some way. There are currently no incentives in place for a market participant to burn their own tokens, which is also the case for POL. Generally, tokens are removed from supply in DeFi through lockups, which, affects the circulating supply but not the Fully Diluted Value (FDV).

In the Risk-To-Earn model, players earn by defeating other players in a zero-sum game, whilst paying a small fee to the person facilitating the deal. Sound like the analogy to trading on the financial market?

This allows the POL-style protocol to, if it chooses to or not, based on economic conditions, not only incur fresh revenue from players, at the same time giving the players potential to earn massive profits, but also, to burn the incurred fee in the form of in-game tokens, which happen to also be the same tokens used for the POL protocol, reducing the supply, and providing a dynamic and reflexive supply control variable.

When the game has less economic activity, likely arising from reduced player activity, supply is minted on a faster basis than is burned.

When the inverse is true, and players are playing the game actively, wagering their tokens in competition, more supply is burned than minted.

In this way, the game is not designed around crypto, but rather enhanced by it, and the tokens in game are given intrinsic value through the POL DeFi model, because they can earn a yield on these tokens whilst also using the bonding and staking mechanics to benefit economically.

The Risk-To-Earn model has yet to prove itself, but if the zero-sum-game of the financial market, and the way fiat currency and bonds are utilized have taught us anything, its theory is a promising model.

A model that, when implemented, can shift the course of GameFi in a better direction, one that benefits the investors, by mitigating Tulipmania and the Greater Fool Theory, and one that is designed with the players first, by creating a game that is enjoyable with and without crypto.

If a player has no money, and would like to play, they are able to.

If a player is better than another, they are rewarded based on that, and not how much is in their wallet.

This is the vision and manifesto of Atlantis.

This is the definition of what it means to OccupyGameFi.