RECAP#AMA859
CryptoFury x DeDragon
⏰ Time: January 18th , 2:00 PM UTC
💰 Reward Pool : 200$
💎 Place : https://t.me/CryptoFury_Chat
⭐️ Guest : Arya — CMO
Question for Part 1- Project overview:
1- Welcome to our community! Please, tell us about CryptoSteam and DeDragon!
Arya justin:
CryptoSteam is a decentralized, blockchain, game-publishing platform founded by Aaron Pulkka, former vice president of Activision Blizzard.
Traditional game publishing platforms such as the Steam and Epic stores, currently do not allow blockchain games. These centralized platforms operate on a business model that is very old-fashioned. These “walled gardens” also require game developers to make separate deals with these platforms and sometimes require exclusivity rights in order to give market share advantages to that publishing platform — none of which really benefits the average game player who just wants to play the game.
This traditional game publishing platform can not service the needs and players of of blockchain games — that’s we created CryptoSteam!
CryptoSteam uses governance tokens and NFT to created a shared foundational economic model for all of it’s games. Through the DAO organization, independent game developers and players become the managers of cryptosteam. The entire platform is decentralized, while providing bookkeeping infrastructure for all revenues. The platform’s gameFi2.0 economic model is stable. The goal of CryptoSteam is to become the foundational infrastructure provider of the meta-universe, as well as a bridge to connect the various meta-universes.
DeDragon is the first gamefi 2.0 game to be released by CryptoSteam
2- CryptoSteam sounds a bit similar to gala, which has been on fire recently. What is the difference?
Arya justin:
Yes, we and gala are positioned as chain game publishing platforms, however, the economic and business models are quite different.
Gala’s economic model is to sell nodes and invite friends — Very simple. From our point of view, their deflation mechanism has weaknesses which will make Ga
Crypto Steam’s economic model solves this and much more! We are the right combination of “play to earn” + Defi2.0. We draw on the economic model of Olympus. All of the income of the platform, including the sale of game NFT assets, transaction market fees, and in-game, consumed tokens, go to the DAO treasury. The treasury is controlled by agreement. When the governance token is lower than the set price, the treasury will begin repurchasing. Through the bond mechanism, the liquidity of the governance token will be repurchased from the market to maintain the stability of the token
At the same time, in deDragon’s “play to earn” mechanisms, players develop, fight, and upgrade their NFTs to increase computing power, and then pledge to obtain governance tokens to empower the game’s NFT and increase value. Each game also has its own separate in-game token.
This is the concept of gamefi2.0, “play to earn” + Defi2.0
3- Defi 2.0 + GameFi, it sounds a bit complicated, can you explain it to us?
Arya justin:
Simply put, all revenue of the platform enters the treasury pool controlled by the contract agreement, and we begin repurchasing when the currency price is less than 1 U.S. dollar.
Through the bond model, the liquidity that is in the possession of the users is repurchased to maintain transaction depth, and the repurchased LP also enters the national treasury.
Due to the additional issuance mechanism of defi2.0, those who pledge governance tokens will get additional issuance income, so APY can reach more than 1000%, supported by funds from the national treasury, so that even if the currency price drops by 90%, it is still profitable. It is the (3, 3) theory in game theory. And every game on the platform will contribute to the treasury. We know that the combination of GameFi+DeFi2.0 has greater ability to maximize the upside potential than a single DeFi2.0 model.
Part 2: Pre-selected questions from our community
1- How is the game combined with Ohm model? What’s better than the original OHM model?
Arya justin:
Cryptosteam stake governance tokens require at least one NFT to be staked together. The hash power of NFT in the game can accelerate the effect of staking governance tokens. OHM model and play-to-earn are mutually empower each other
The revenue from games in cryptosteam, such as NFT sales, transaction fees, etc. will be charged to national treasury to support the currency price. And OHM has no additional income to be into the treasury. Moreover, CryptoSteam is a game publishing platform. As long as the games are released continuously, the revenue of the game will put into the national treasury, and the revenue of the Treasury will rise all the time.
2- What are the empowerments of the circulating tokens in DeDragon? Will the economic model be single token or multiple tokens?
Arya justin:
Our system is a dual token model — governance tokens and circulation tokens.
The governance token is the governance token of the entire Cryptosteam platform, which will run through every game on the platform. Things like, DeDragon card breeding will also consume platform coins.
Circulation tokens are in-game currency and used for in-game transactions.
The acts of buying land and farms in Dedragon, opening treasure chests, upgrading, and breeding will all consume circulating tokens.
Staking NFTs in the game will also produce circulation tokens.
This is “Play to earn”, and you will find that governance tokens and circulation tokens have a positive relationship, that is to say, when governance tokens rise, the consumption demand of circulation tokens will also increase. Therefore, players are welcome to “play to earn” in our game.
Playing games and getting circulating tokens can be converted into income!
3- I heard that Dedragon is about to conduct its second internal test? How to get involved? What are the benefits?
Arya justin:
Dedragon will have its second closed beta at 12pm UTC 16th Jan!
You can get 50 ruby if you qualify for the second test! You can also get ruby rewards by inviting friends in the game, and you can also get ruby rewards while playing games in the game!
I hope everyone will actively participate!
Question for Part 3: Guests will choose 5 live questions from members and answer directly in CryptoFury Community
1-$CryptoSteam is a utility token designed to offer a rewards and incentives, so according to it, $CryptoSteam is a utility and also a reward token, what are the uses it currently has and that would give it long-term value as a reward?
Arya justin:
Token appreciation
2- What is the ultimate vision that CryptoSteamis trying to achieve within the cryptocurrencies market? Obviously the whole space will experience huge growth in the upcoming years, but what role would you like your project to play in this?
Arya justin:
Practitioner of web3.0
3- It is worrying the number of projects that fail to progress, what plans do you have for achieving it? How do they show their confidence?
Arya justin:
We have a lot of games coming out
4- How much reward is returned after each game screen, enough to attract players? How many competitions can we enter on a daily basis? Will just the winner get rewarded? Will we get our rewards right away after each arena competition or will we have to wait a while?
Arya justin:
You can follow us on twitter, the second test is currently underway
5- Under what concepts or characteristics are the artists and works selected to be auctioned daily? Can you explain this process to us? Additionally, can the community participate in it?
Arya justin:
Technical strength
