RECAP#AMA787
#AMA787
CryptoFury x NEXTYPE
⏰ Time: January 6th , 2:00 PM UTC
💰 Reward Pool : 200$
💎 Place : https://t.me/CryptoFury_Chat
Question for Part 1- Project overview:
Q1: Can you briefly introduce yourself as well as NEXTYPE? What is your mission and vision to build this project? What do you want to achieve Through your project in the future?
Ronn | NEXTYPE:
Hello guys.
I’m Ronn, COO of NEXTYPE. Before working at NEXTYPE, I had almost 10 years of experience in a famous game company, in which I was in charge of the operation of more than ten games. Some of them are truly successful, and the MAU is up to 1 million.🙌
We define NEXTYPE as an integrated blockchain game distribution platform, focusing on self-developed GameFi products, traditional games remaking with blockchain, and top IPs commercialized and empowered with NFT. As a blockchain game platform, NEXTYPE is dedicated to providing players with the top blockchain game experience and building a next-generation Gameverse in the upcoming Metaverse.
This is our official Website: https://nextype.finance/
MiningTycoon is the first game in the NEXTYPE ecosystem with virtual mining as core gameplay, which has been launched for 4 months with 300,000 users and $22M TVL. Players could stake to mine NEXTYPE ecology token $NT in several exciting ways. Recently, MiningTycoon was nominated by Play2Earn as the Best Blockchain Game 2021.
MiningTycoon Website: btcmining.game
The world’s first episodic drama-type blockchain game REBORN presented by NEXTYPE is live now.
Players can start game life with Ticket, which needs to be bought with NT, or NFT Life Node Cards to experience over 10,000 random life events.
When reaching the specific Life Nodes in REBORN, players will be able to claim NT rewards or mint Talent Card NFT, Life Node Card NFT, and Life Memorial Card NFT, all of which can be traded on NFT Master. And the longer you live in the game, the higher the rewards you will win. In a word, players have to strive to live longer to win higher prizes. Furthermore, the prize pool in the game will get bigger with more players joining, so there are chances for players to earn massive incomes.
REBORN Website: https://reborn-app.nextype.finance/
More self-developed games are under development, including NEO FANTASY, Maiden Des Dragon, RacingTycoon, and CITYOON, which are expected to be presented.
Moreover, NEXTYPE will cooperate with high-quality blockchain games development teams to construct the NEXTYPE products matrix for more than 300,000 players.
Done✅
Q2: What is the NEXTYPE Team busy with recently? What stage are the self-developed games at? And any news about the other products?
Ronn | NEXTYPE:
First, I’d like to talk about our games.
MiningTycoon V2
We have released the preview video of MiningTycoon V2. I believe many regular players have already seen it. In addition to the whole new art design, we hope that players have a clear understanding of the positioning of MiningTycoon, the Economic System Engine of NEXTYPE. Its core function is to produce NEXTYPE’s platform token NT. We have designed a series of gameplay to help players have more fun while mining. At the same time, we will also add an Expansion Package in the V2 version, and you could say that as the DLC for traditional games, which is designed to enrich the gameplay and make it more fun for P2E.
It will be launched these days.
NEO FANTASY is currently still in development. We have put a lot of effort into the art design of this product, and there are some creative gameplays in the economic model. The game will be presented in the way of Dapp to be more simple for players. We expect that it will be launched during the spring of 2022.
Maiden Des Dragons, a TCG-type blockchain game. We plan to introduce some gameplay that requires strategies to the GameFi world and add P2E elements based on gameplay, making players enjoy the game with a sense of strategy while gaining revenue through DeFi-based gameplay.
Racing Tycoon is a racing-themed blockchain game. Players need to collect various NFT components to assemble a racing car and compete with other players for ranking and rewards. There would be many types and varieties of NFT components. Each player can assemble different racing cars based on their understanding of the game to participate in various races. Players can gain revenue in the process of collecting advanced components and participation in advanced races.
And there will be other products.
NSWAP is a cross-chain protocol product of NEXTYPE’s NFT. In the future, NFTs of games deployed on multiple chains under the NEXTYPE ecosystem can use this product to cross-chain, which is convenient for players to transfer their NFT assets in different chains. What’s more, the cross-chain of NFTs outside the NEXTYPE ecosystem would be supported in the future, but this requires more teams joining us and working together. The initial version will be launched within a month, and its functions will continue to be enriched.
NDEX, a Dex that will be launched for games under the NEXTYPE ecosystem to allow players to exchange tokens of various games more quickly and easily. At the Yield-Farming section, players can also provide liquidity to earn liquidity mining revenue. This will be launched in the first half of next year.
Q3: What is the NEXTYPE roadmap to 2021? What is your ultimate goal for this year?
Ronn | NEXTYPE:
First of all, the key point that we should make clear is that NEXTYPE is created to be the world’s leading blockchain game distribution platform.
Based on this, NEXTYPE will continuously focus on the new game release and the infrastructure for the distribution platform in the next step.
Starting with REBORN, we want to promote in an all-around way to allow those crypto users who are currently following the GameFi to know more about NEXTYPE and join us.
To achieve this target, the NEXTYPE team would focus on three things:
Development of Native GameFi Products.
The games with GameFi attributed in NEXTYPE will be developed in two ways: the first one is self-developed by the NEXTYPE technical team, and the other is co-developed by excellent cooperative partners. This guarantees the GameFi products released by NEXTYPE have industry-leading advantages in terms of product quality and economic system and effectively helps to attract more players to join in.
Development of NFTFi Products.
In the future, players can experience more functions of asset liquidity aimed at NFTs in NFT Master, including the NFT minting, synthesis, and lending. The purpose of these gameplays is to improve the liquidity of NFT assets and continue to expand and empower NT usage scenarios, providing a more significant improvement of NFT value for each game under the NEXTYPE ecosystem.
GameFi Incubator.
NEXTYPE will cooperate with world-class institutions to jointly establish GameFi Incubator to provide global blockchain game teams with the whole process of product incubation services, including support for funding, technology, resources, users, exchanges, etc. Meanwhile, blockchain games incubated by NEXTYPE will form a strong connection with the NEXTYPE ecosystem, which can effectively increase NT value.
In 2022, we will complete the development and present the functions and infrastructure of the entire distribution platform, including MiningTycoon V2, the NFT Auction, Minting, Synthesis, and Lending in NFT Master, NDEX, NSWAP, and the full function of NT Gamebox. By combining these functional products, players can easily find the newest and most integrated blockchain game information and complete the trading, cross-chain, and exchange of various game tokens and NFTs in the most convenient way.
Part 2: Pre-selected questions from our community
Q1: Recently, we have seen many blockchain games up and down. What kind of measures has NEXTYPE done to keep the game alive? What kind of advantages does NEXTYPE have compared to similar products?
Ronn | NEXTYPE:
First of all, we think all players should know there is an objective situation that even in traditional games, they all have a declining period. And currently, the key reason why there are more blockchain games having a sharp rise and fall is that the economic system is designed too simple and rough. This will drain the vitality of the game at the early stage.
We would take the design of the economic system of NEXTYPE’s products as the most important part, design and test them seriously, seeking the perfect match between the gameplay and the economic system so that players can have more fun in the game as well as earn the revenue. The design of P2E will be softer to ensure a positive economic ecology and maintain its vitality. In this regard, the success of Axie Infinity can be referred to.
Also, the eco-economic closed-loop of NEXTYPE should be noticed. Players can obtain NT through mining in MininngTycoon and use NT to purchase when new games or props are presented, which can significantly reduce the initial investment. As well as transferring NFT from previous games to new games by NFT minting. NT will also have a better value as it is continuously burnt. This is the greater advantage of the platform over a single product. The fundamental to achieving this closed-loop is to keep launching fun games to players. This is why we insist on self-developed games and a Gamefi Incubator.
Q2: Which market are you focusing on? How do you rate the Vietnam market? Do you have any plans to develop in the Vietnam market?
Ronn | NEXTYPE:
We are focusing on the global market and our products support different languages to be available for global users.
As for now, we have established several local communities and the Vietnamese group is one of them. Here is the link and you can join in: https://t.me/Nextype_VN
We have held many AMA events in Vietnamese communities before. And we will keep promoting in the Vietnam market cause we found that Vietnamese crypto users are active and enthusiastic about our products.
And I believe that Vietnamese players will become the core users group in NEXTYPE.
Q3: What is the token’s role in the ecosystem? Where can people buy right now?
Ronn | NEXTYPE:
NT is the most important circulating token in the whole NEXTYPE ecology. The total supply is limited to 1,000,000,000, which are currently issued on both HECO and BSC, and will be operated synchronously in multiple chains later. At present, the total circulation is about 90M, and the maximum mining output will be 140M by July next year.
NT plays a very important role in the NEXTYPE ecosystem. And we created a variety of scenarios for NT consumption:
1. Staking: As previously mentioned, the players can gain extra yields from all kinds of games presented or supported by NEXTYPE through staking their NT.
2. Game Purchasing: Every game launched by NEXTYPE next will set the NT recharge function. Players need to use NT to purchase NFT, props, or other assets in the game, to realize NT buybacks and increase NT value
3. DAO Governance: Players could participate in the NEXTYPE Governance by NT voting.
4. Burning: We implement a burning mechanism, 15% of each week’s yields, generated by the MiningTycoon and other cooperative games, will be bought back from the secondary market to burn. And the upper limit of burning is 20% of the NT total supply volume.
NT now is listed on Huobi Exchange and many other main Dexs on both BSC and HECO. You can buy NT here: https://linktr.ee/NT_Buying
Q4: Almost 80% of investors have just focused on the price of tokens in short term instead of understanding the real value of the project. Can you tell us on motivations and benefits for investors to hold your token in long term?
Ronn | NEXTYPE:
$NT is the ecological token in the NEXTYPE platform.
The value of NT depends on the application scenarios within the ecosystem and the circulation within the economic model. At present, holding NT can participate in MiningTycoon mining to earn revenue, participate in REBORN to win game rewards, open NFT Mystery Boxes to obtain in-game NFT cards, and unlock mini-games in NT GameBox, and pay for game props in each game.
After the abundance of ecological products, NT will have more value!
For example:
1. Participate in IGO with priority when the new game goes online according to the number of NT holding/staked, the computing power, and level in MininnTycoon to win NT rewards and Whitelist qualification.
2. Purchase new game NFTs with discount when first released
3. In NDEX, NT and new game tokens will form liquidity pairs, and these LP tokens can be staked in MiningTycoon to earn additional revenue.
4. Participate in platform governance (DAO), such as voting on the gameplay system and economic model of new games, to really allow players to participate in the game R&D and create games belonging to the community together. Meanwhile, you can also run for positions like administrators and CMO in Game Guild. The final candidates will be selected by community voting and win the corresponding NT reward.
In addition to rich application scenarios, NT also has a continuous burning mechanism. The burning process is publicized on the official channels every week.
Therefore, the future value space of NT is vast. Referring to the development route of ETH, BNB, and other ecological platforms tokens, the value of NT will be gradually excavated and amplified in three to four years. At present, it is still at a low price, and the cost of putting into the game is relatively low, which is a better time
Q5: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of the token?
Ronn | NEXTYPE:
o me, I think the token value improvement is positively related to tech development. After all, the products are the core competitiveness for a project, especially when the industry is getting mature.
That is why we put the products matrix in the first place and we are willing to spend a lot of energy optimizing our games to make sure it has both advantages of traditional games and blockchain. So our players could play and earn.
Only products with actual value will eventually stand the test of survival of the fittest of the market, and time will tell you the value of NEXTYPE.
Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community
Q1: Collaboration and partnerships are one of the cornerstones to making DeFi more widespread, Can you share some of the partnerships you have formed with existing blockchain foundations recently?
Ronn | NEXTYPE:
Sure. Now we have reached cooperation with many top projects on both HECO and BSC. Such as BakerySwap, Mdex, Coinwind.
Also some wallet, including SafePal, Coin98, TokenPocket and so many other mainstream wallets.
We have also worked with some media, communities and influencers on Youtube and Twitter.
Q2: Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Ronn | NEXTYPE:
Of course we have Token burning mechanism and it is very easy to understand.
15% of USDT, paid by players in MiningTycoon and other cooperative games, will be used to buy NT back from the secondary market to burn. And 50% of NT paid by players will be burnt directly.
And the upper limit of burning is 20% of the NT total supply volume.
The burning process will be announced weekly on our offical channels. You can see more details about NT here: https://nextype.finance/get_nt
Q3: Do you have any plans for an ambassador program for your project growth and awareness? If yes how may I apply?
Ronn | NEXTYPE:
Yes. We did launch the ambassadors’ recruitment program. If you got resources and willing to work with us, you can apply to be one of our local ambassadors to help us create local communities and promote.
This program is still available now. If you are capable and interested, please send email to bd@nextype.finance
Q4: Q. Will your project supports any yield staking and farming in the near future?????
Ronn | NEXTYPE:
Yes. Staking is the core gameplay of our first game MiningTycoon. Cause we position it as the engine of the NEXTYPE economic system.
And for players’ game experience, we have created and optimized multi-staking gameplays for you. You can choose to stake stable coin, single or double token staking.
If you choose to stake stable coin USDT, you will not take any risks earning NT.
Here is the link for you to play&earn: btcmining.game
Q5: I am a professional vulnerability finder on the web, do you think Your system is secure enough from hackers? Does your project have a program that rewards individual vulnerability detection of the system??
Ronn | NEXTYPE:
Users’ assets security is our top priority.
First, every operation related to users’ crypto assets is carried out via well-tested and deployed smart contracts. There is no way for anything (including the NEXTYPE developer team) to manipulate users’ assets.
Second, all smart contract source code is available in the GitHub repo. Anyone is welcome to review the source code and compare it with the deployed version on the blockchain.
Third, our smart contract source code has been audited by the prestigious security company CertiK. Before our launch, they have helped us test and improve the security mechanisms. Here is the audit report: https://www.certik.org/projects/nextype
So, we can guarantee that users in NEXTYPE will never face security issue
