Download - Innovating Game Economy with Cryptocurrency
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Innovating Game Economy with CryptocurrencyAn explanation of how our token system will work to create an onchain game economy.
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About Spells of Genesis
♦ Spells of Genesis (SoG) is an upcoming game for iOS
and Android being developed by Swiss-based company
EverdreamSoft (http://www.everdreamsoft.com).
♦ It is a combination of a trading card game and an
arcade game with a storyline based on cryptocurrency.
♦ Bitcoin payment will be accepted in the game.
♦ The game economy is based on the block chain.
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What is block chain?
A block chain is a transaction database shared
by all nodes participating in a system based on
the Bitcoin protocol. A full copy of a currency's
block chain contains every transaction ever
executed in the currency. With this information,
one can find out how much value belonged to
each address at any point in history.
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Three types of Counterparty tokens
♦ Cards
♦ Gems
♦ Mines
(Counterparty is a platform which can be used for creating
custom tokens which act as their own cryptocurrency,
while still running on the Bitcoin blockchain.)
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Three types of Counterparty tokens
Cards - used to play the game
Gems - premium currency
used to buy cards and unlock
special features in the game
Mines - tradeable assets
which produce gems
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Cards
Each type of card is represented by a different
Counterparty token...
TokenA TokenB TokenC
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How game assets might look (if they were in
the real world)
How these assets look in the typical
counterparty wallet
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Assigning counterparty tokens to game assets allows
gems, cards and mines to be bought or sold freely
outside the game.
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Cards
Players will own their
cards not only in the
game world but also on
the blockchain.
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In-app store vs Secondary Market
SoG In-App Store
♦ Players can buy card packs
and unlock game features
♦ Prices fixed by EverdreamSoft
Secondary Market
♦ Community marketplace
with SoG players and
backers
♦ Players sell gems and
mines as they wish
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In the secondary market
♦ Players trade, sell or
buy cards as they wish
♦ Each card’s price is
determined by the
players in the market
2 gems 4 gems 5 gems
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Some differences
You can buy single
cards from the
secondary market
Buy card packs from
the in-app store
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Gems
♦ Gems are the premium game currency used
to buy cards, acquire in-game items and
unlock special features.
♦ They are burned when used/consumed for
buying items regardless of which
marketplace they come from.
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Gems
The SoG in-app store and/or from the secondary market
Gems do not have a fixed supply and can be bought from..
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Buying Gems: An Example
♦ It’s very likely that players will be able to buy gems for a
cheaper price in the secondary market than at the official
market.
♦ However, if players are more comfortable buying from the
SoG in-app store, they can do that.
= $10 = $6? / $7?
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Buying Gems: An Example
♦ If players keep buying from the secondary market,
eventually the supply of gems in the market will approach
zero, and players will have to buy from the SoG in-app
store.
= $10 No more gems!
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Mines
♦ Mines are tradable assets which produce gems.
♦ There is a fixed supply of mines (100,000) and all of
them will be sold during the crowdsale period.
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Revenue Sharing:
How Gems and Mines work
♦ EverdreamSoft makes money from the sale of gems in
the official SoG in-app store.
♦ When players buy gems from the SoG in-app store, EDS
sends them to the players, while also simultaneously
issues the same amount of gems to be sent to the
mines.
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An Example
♦ A player buys 10 gems from the SoG in-app sotre.
♦ There are 100,000 mines.
♦ EverdreamSoft distributes 10 gems to all 100,000 mines
equally.
♦ All mines receive 0.0001 (=10/100,000) gems each.
♦ So anyone who owns 1 mine in SoG has 0.0001 gems.
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I’m buying 10 gems
1 gem = $10
10 gems are also distributed equally
among all 100,000 mines which exist
Mines
Each mine receives 0.0001 gems
(=10 gems/100,000 mines)
If
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Since each mine receives 0.0001 gems (=10
gems/100,000), anyone who owns 1 mine in
SoG will have 0.0001 gems.
If anyone owns 500 mines in SoG, they will
have 0.05 (= 0.0001 * 500) gems to be used in
the game or sold to other players.=0.0001
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Mines
Mine-holders can use gems for
♦ resale at the secondary market OR
♦ acquiring in-game items such as cards
Mine-holders can also choose to resell their mines (which
produce gems) in the secondary market!
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Free mines are being rewarded to everyone
who supports our project and signs up at
http://www.spellsofgenesis.com before the
crowdsale begins!
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Any questions? Let us know!
♦ Contact us at [email protected] with the
subject line “Token System Question”.