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  • Bold Point AMA #2 — Technical Deep Dive with Denis (Founder, CTO) (Recap)

    Bold Point AMA #2 — Technical Deep Dive with Denis (Founder, CTO) (Recap)

    On 4/09/2022 at 6:00 p.m. (PST), an AMA session was held on Avalaunch with special guest, Bold Point’s Founder and CTO, Dan, for our second AMA to cover the technical underpinnings of the project. The focus of this AMA will be the underlying tech, development and roadmap. Below we present to you an excerpt from AMA with questions and answers.

    Niki | Avalaunch

    Hello everyone! And welcome to our second AMA with the Bold Point team!

    Today, we’re joined by the game’s founder and CTO, @Opana4ka, to do a Technical Deep Dive into the project.

    Welcome Dan — and good to have you! We appreciate the time with our community. How are you doing today?

    Dan | Bold Point

    Hello! Nice to be here, guys

    Niki | Avalaunch

    Awesome… so let’s jump right in… Thanks for coming out today to talk to us more about Bold Point. First of all, can you please introduce yourself?

    Dan | Bold Point

    Greetings to all of you attending this AMA session today, and those who will be watching it over later on. My name is Dan and I am the founder and CTO of Bold Point. I also hold the position of CTO at YAY Games. As for me, I am just a person who sincerely loves his work and is always trying to get the most out of every single effort. I started my career about 10 years ago as a developer. My first acquaintance with blockchain was in 2014, and since then, almost every project I worked on was connected with decentralized systems in one way or another. There were both successful and failed projects throughout my working experience, and I think I learned a lot from each of them. In 2018, I redirected my professional vector a bit and opened my own studio specializing in the development of high-load applications and dApps. The studio operated successfully up until 2021. What happened to it, you might ask? We entered into partnerships with Yay Games and my colleagues, myself included, have been part of a large team of professionals ever since.

    Niki | Avalaunch

    Thanks for that. The next question is a two parter…. 1.) What does the team at Bold Point value the most? 2.) How has this dream team been built?

    Dan | Bold Point

    The history of Bold Point is quite interesting and starts long before the advent of YAY Games. It was an internal project of our team that we toyed with in our free time. Initially, it was a project fueled by pure enthusiasm. The finished prototype was ready back in 2021 and it looked like a browser game from the early 2,000s. But it eventually developed into something bigger and we are now aiming to make a product that will be competitive with the games of the current decade in terms of graphics and gameplay. And to achieve that, we need an almost threefold increase in staff and team members.

    For our team, the most important thing is the team itself, no matter how gullible that may sound. We value every colleague and consider them to be our most important assets. The market, the business tasks, and the goals are constantly changing, but the people are what matters and what stays. We are a big family that is inspired by common goals and objectives.

    Niki | Avalaunch

    We love to hear that.

    As far as developments go, enthusiastic crypto lovers and game players, thanks to the demo release, are already able to have a taste of what the game would look like.

    What would you describe as the technical challenges in making this version available before the token launch?

    Dan | Bold Point

    The most difficult technical problem we face is the fact that a lot of the functionality and mechanics are being developed in parallel inside the game. It takes time to test the many hypotheses we put forward and polish them out. And we need to do that for users to be able to fully experience and understand what the game will be like. Sometimes, it is not possible to move along our roadmap timeframes. No matter how regrettable it would be to admit, we are not always able to accurately estimate the time it takes our developers to deliver. One thing that’s reassuring is that we are not alone in making this blunder, and this happens all the time in gamedev. Many medium and large studios have been postponing the releases of their games for quite some time. This is mainly due to the fact that games of this scale have many introductory and branching scenarios that cannot be fully thought out from the get-go.

    But since we are dealing with the blockchain industry, which is brimming with fraud and scammers, we decided to develop and deploy a mechanic that would allow players to get to know the world of Bold Point a little bit better. This feature involves no direct interaction with our token, but the Play-to-Earn mechanic is included and is functional from the very beginning. It actually records and stores the player’s results up until the moment the token is launched. In the current release, the player’s success is measured in terms of accumulated points which are stored on-chain. The results of all the games the player passes will affect the APR% of farming in the game pool, and the most avid players will be able to multiply their token holdings many times over.

    And as a result, we can prove to the community that we are not just making promises, but we are also showing some parts of the game live.

    Niki | Avalaunch

    Bold Point game mechanics are rather sophisticated.

    Can you describe the underpinning of these game mechanics and why it was important to develop 10 different ones?

    Dan | Bold Point

    The main task that I was trying to solve when I was thinking about the whole concept of Bold Point was to create a game in which monetization takes place not only in a speculative manner on the token level, but is also based on the monetization and market economy regulation that is found in any of the classic games. As such, the environment in which such a model becomes viable should also evoke the interest of ordinary players who are generally unfamiliar with crypto. For this aim, the player’s interest must be stirred and the tasks that they must solve in-game must be short-term, medium-term, and long-term.
    But first I’d like to share an economic cycle scheme that is available from the start plus an investor game loop as a next stage of our development roadmap. if you have a minute I could post up some materials — it’ll make it much easier to explain

    Economic Cycle List Project stage

    Investor Game Loop Next Stage

    Dan | Bold Point

    As for short-term goals, the player will need to:

    • Pick a good set of units;
    • Grow the units;
    • Use the units smartly during combat;
    • And as a result, win the battle.

    To achieve the medium-term goals, the player will need to:

    • Build a strong squad;
    • Win tournaments;
    • Gain influence by buying buildings and renting territories together with other players.

    And as for long-term goals, the player will have to:

    • Claim a position in the ranking;
    • Accumulate some savings for some owned asset.

    All this can be achieved only by having a sufficient amount of mechanics in-game that will motivate the player and keep boredom at bay.

    Niki | Avalaunch

    Thank you for that explanation and for sending the visuals.

    So the next question would be: What are the main drivers or unique advantages for building Bold Point’s own Marketplace, and not using existing ones?

    Dan | Bold Point

    As part of building the YAY ecosystem, one of the areas that received the most emphasis is the implementation of a narrowly specialized marketplace (Loot) focused on the gaming assets market. A protocol was developed for this purpose, which makes it possible to connect various game projects without having to resort to long-term development. Therefore, it is not so much a native marketplace, but more of an integration with the solution we already have within the group of companies.

    Niki | Avalaunch

    One interesting feature that players are able to experience is customization not just in terms of in-game assets but also the story in which they want to be part of? How has this come about, and what challenges does this pose as part of the development process?

    Dan | Bold Point

    Creating worlds in which players can change game configurations is a rather complicated and time-consuming process. It is not only about the complexity of the technical implementation side, but also the task of preventing players from breaking down the game and creating a misbalance. In order to prevent this from happening, decisions must be made only after confirmation by a majority of users (DAO). To be completely frank, not all the mechanics implemented in the game will be open to changes. But those that will be, will actually motivate players to band together into communities and plan out both their personal strategies and that of the project as a whole.

    Niki | Avalaunch

    Now… Can you expand on the PVE and PVP concepts, how do they complement each other in providing players with this extra level of immersion experience as well as earning potential?

    Dan | Bold Point

    PVP battles in games are good, because they motivate players to show how good they are and prove to everyone, including themselves, what they are capable of. PVP will include both simple fun that players will be rewarded for, and full-fledged tournaments, where winners will be generously rewarded. These will be seasonal events that will be held frequently.

    PVE, on the other hand, inserts some mechanics into the game that allow the player to achieve goals outlined in point 4 I had mentioned earlier, as well as band together to defeat Raid Bosses and receive additional income from the properties they own.

    The combination of these concepts allows us to make the game interesting and saturate it with all kinds of events. The end result is a wealth of different approaches to monetizing your time, or simply enjoying the game.

    Niki | Avalaunch

    One concern that keeps popping up essentially in all crypto projects, given the recent event of Axie Infinity is security. Can you detail what this looks like for Bold Point?

    Dan | Bold Point

    Thank you very much for such an interesting question. Yes, cybersecurity has been a problem since the dawn of IT, and when you are dealing with a fintech project, you need to be on the lookout all the time. Initially, in order to implement gasless transactions, we developed and deployed our own blockchain, similar to the Ronin that Axie Infinity uses. But after a long testing phase, as CTO, I decided to abandon this venture, mostly because I feared to take on such a huge responsibility. The biggest vulnerability that lies in such solutions is the bridges that exist between the blockchains.

    We had decided to reconsider our approach well before that terrible event happened with colleagues from Axie. Since we are working on AVAX, where the cost of transactions is not that high, and the speeds sometimes reach thresholds of less than a second, we decided to implement gasless transactions in a different way, which includes signing actions on the user side and their subsequent execution by the operator. This allows us to achieve both security and free the user from having to pay for the gameplay itself. We can thus attract both ordinary players using regular onboarding, and relieve crypto players from paying for each action they make inside the game.

    Niki | Avalaunch

    When can we expect the full version of the game, and what are the key developmental highlights prior to this?

    Dan | Bold Point

    According to our plans, this should happen in the first quarter of 2023. But that does not mean that we will lock ourselves up somewhere and work on the game, forcing our entire community to just sit and wait. We will be frequently posting updates and augmenting the world of Bold Point with new mechanics and content. As such, we will be dividing the game into a series of stages, where players will always be able to find something new and exciting.

    The key stages will involve the bolstering of the current game version’s content to make the combat more exciting and diverse. The next step will be to add the ability of customizing current units and creating unique characters via the 3D editor. These custom characters will also be taking part in the battles. Later on, the army and the character will be able to use in-game assets in addition to the currently available potions.

    After that, the game will be in for a big update involving the addition of new territories and all kinds of dungeons.

    At that stage, we will be gradually implementing the DAO mechanics that we talked about so much and are currently working on.

    You can learn more in detail about the stages from the documents that we will be publishing on our website in the near future.

    Niki | Avalaunch

    Avalanche is known for its close connections and friendly community. What has your experience, as a project building in this space been like?

    Dan | Bold Point

    I believe that it was a great turn of luck and the excellent choice of blockchain that allowed us to start the story of Bold Point. The love and support are felt not only on the end user side across all kinds of chats, but also from the partners we interact with in this industry. Thanks to the current climate, we discovered much that was new for us. These factors combined allow us to build our plans for the long-term. I believe Avalanche has a bigger future with such approaches and visions, and our community is certain to grow exponentially.

    Niki | Avalaunch

    Alright… we are done with this set of questions. Tremendous job with your answers. Super detailed and informative.

    Twitter Questions

    From @natadmay3422

    What has been your greatest challenge during project development?

    Dan | Bold Point

    In my own opinion, the greatest challenge is to create a comprehensive ecosystem where all the mechanics are complementary to each other and token is not a simple addition to attract investors’ attention but a vital part of the game. Considering our ambition to conquer not only GameFi but the gaming market in general, we had to make sure that we’re building a solid ground in terms of game design and business strategy, which definitely affected how we prioritized the development itself and the idea behind launching Battle Demo before conducting a public sale. It required to put most of our efforts into developing the functionality and mechanics that would work in parallel inside the game.

    From @chimponzi_jam

    The team behind Bold Point is also the same as the YAY Games team so could you explain me if this team is 100% focused on developing the Bold Point game or do they split their time also on the YAY Games platform?

    Dan | Bold Point

    In our ecosystem we have a top-management board with a deep expertise in blockchain, crypto market and gamedev industry, who indeed implemented their expertise in both YAY Games and Bold Point.
    We perfectly understand how important it is to have a team fully focused on game development, therefore we have a separate team responsible for the Bold Point development cycle.

    From @totominhchi

    What do you think are the biggest problems BoldPoint is trying to solve for crypto users?

    Dan | Bold Point

    The main problem we see in the current state of GameFi industry is a necessity to lower the entry barrier for classic gamers and prepare the whole segment for mass adoption. Our solution is a free2earn concept and triple A quality approach: this way we can be more flexible in our acquisition strategy and count on a higher retention rate thanks to easy-to-learn and hard-to-master gameplay.

    From @Sammy123vn

    I read that you will implement something called “Cyclic Deficit”. Can you explain what it is and how it will contribute to maintain the value of the coins in the game?

    Dan | Bold Point

    Token utility model combined with the tokenomics itself are key elements of a balance between buying and selling pressure of the assets. The demand for in-game NFT assets, DAO mechanics, objects and buildings ownership creates strong buying pressure for $BPT from the market and accumulates tokens on the game wallets where they’ll be burned or used back in rewarding schemes, but with lesser quantity then before that will cause the main deficit. The thorough and detailed explanation will be posted during the next few weeks.

    From @trantheanh_337

    How user-friendly is your system, so that the game can focus on the gameplay rather than the monetization mechanics?

    Dan | Bold Point

    Bold Point inherits the best practices from the leading Auto Battle representatives: Auto Chess, Teamfight Tactics, and Hearthstone Battlegrounds, thus we put the user engagement our first priority. Therefore, we bet on easy-to-start gameplay with a gradually increasing difficulty: it allows to onboard classic gamers and crypto newcomers without diving deep into monetization mechanics.

    Telegram Questions

    From @hooker_1997

    Smart contracts are prone to failure, and many projects fall victim to it, costing user funds and discrediting projects. How reliable and secure are your smart contracts? Did you test it with either party?

    Dan | Bold Point

    As I said before, I have quite a lot of experience with FinTech field.
    Earlier in one of the projects, we had a vulnerability that our engineers didn’t notice at the very beginning. We managed to save most of the funds, but it was a big blow to us.

    Now, before any smart contract enters the main network, we thoroughly check it.
    Both with the help of cross-review by the whole team, and we involve external companies of auditors. Now we’re working with 2 of them — Certic and Inspex

    From @donnette_grant

    What are plans in for global expansion? Are you focusing on market at this time or focus on building and developing or getting customers and users, or partnerships?

    Dan | Bold Point

    We’re focused on attracting well-known gaming guilds and their communities as well as regular players, normies, with just a traditional gaming experience. As game audience will grow, the more in-game features and will become sustainable and this will cause positive impact to $BPT demand in general

    From @leMeek86

    Almost 4/5 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold your token in long term?

    Dan | Bold Point

    For long term $BPT token holders opportunities will open up at the next game stages, which will include DAO mechanics, as well as game mechanics that allow to lease lucrative buildings and lands.

    The profit margin depend on the holder activity and the events that he will generate for the community.

    The revaluation effect is inevitable so that we don’t use the 2nd token, whereas we use the burning mechanics and the emission is limited. We believe that will inevitably have a positive impact on both investors and players.

    From @Sammie_Rickman

    Bold Point is free, which means that players do not need to make an investment to start playing. But how many hours of effort should I put in to generate a decent profit? How easy are the game mechanics? And finally, how do you attract non-crypto players?

    Dan | Bold Point

    We implemented math model which allow to keep the certain profitability level for every active player with 0 initial spending volume. That defines our Free-to-Earn statement.

    From @rminiaRicks1999
    What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token?

    Dan | Bold Point
    Prices and rewards in $BPT would be balanced automatically on every game cycle and will depend on player’s progress.

    We have deep expertise in games-related marketing including performance, so we aware about the best practices of players attraction mechanics

  • Bold Point AMA #1 — Project Overview with Nick (CEO of Bold Point, YAY Games) (Recap)

    Bold Point AMA #1 — Project Overview with Nick (CEO of Bold Point, YAY Games) (Recap)

    On 4/07/2022 at 6:00 p.m. (PST), an AMA session was held on Avalaunch with special guest, Nick, CEO for Bold Point & YAY Games. Below we present to you an excerpt from AMA with questions and answers.

    Dave Donnenfeld | Avalaunch

    Hello and welcome to another state-of-the-art AMA brought to you by the good people of Avalaunch. Today’s guest @games_nick is no stranger to us at Avalaunch and is someone we’ve had the fortune of collaborating with for the better part of a year now. “Nicky Games” is a crypto and games veteran, and one of the driving forces behind Bold Point. Welcome Nick, good to have you with us today. How are you?

    Nick | Bold Point

    I’m good! Thank you for invitation today. Hello everyone and I’m glad to be here for the second time

    Dave Donnenfeld | Avalaunch

    Yes, you are a survivor. 😀Let’s begin with some introductions. Please, tell us a little bit about yourself and how your journey ended up with you being part of the Bold Point team?

    Nick | Bold Point

    Sure. I have become a part of gamedev since Nvidia around seventeen years ago. After Nvidia I started an IT management and consulting career, working in that direction for 5 years mostly in the Telecommunication industry.

    In 2014 I co-founded a company Creagames Ltd. having good network connections within game dev industry after working for Nvidia for 4 years. As Creagames we reached more than 6M registered users in 2018. Since that year, I have been actively looking for promising crypto projects to invest during early stages. At the same time I studied for EMBA at HULT London Business School.

    I have been interested in crypto for a long time and have been integrating DeFi projects into my portfolio for at least 3 active years. Early 2021 I started to lead brand new Game Fi project YAY Games which has become a decentralized GameFi ecosystem for B2B and B2C, focusing on Play-2-earn, NFTs, and DeFi.

    The ecosystem consists of synergized projects: ZEUS (IGO launchpad), LOOT (Gaming NFT Marketplace), and multiple smart-contract boxed solutions, like “Game Fi Core” made by YAY and BP Labs.

    Almost same time as starting YAY Games I started leading Bold Point project

    Dave Donnenfeld | Avalaunch

    You’re certainly well suited for the job.

    Kudos. In a few words, can you introduce the project: what Bold Point is about and how does it compare to the current landscape?

    Nick | Bold Point

    Bold Point is an NFT-based role-playing game built exclusively on Avalanche that offers fun and competitive experience.

    The free-to-earn approach combined with an easy-to-learn principle lowers the entry barrier for gamers, while advanced earning mechanics and hard-to-master gameplay makes Bold Point appealing for well-known gaming guilds and crypto-savvy enthusiasts.

    Of course supported by YAY Ecosystem, Bold Point offers its audience native integration with LOOT Marketplace and YAY Loyalty Program. Moreover, the project gives power back to the community by implementing DAO and allowing $BPT holders to affect core gameplay.

    Dave Donnenfeld | Avalaunch

    Free-to-earn is refreshing given the state of gamefi right now. Good on you. What are some of the main features that make Bold Point unique?

    Nick | Bold Point

    Definitely it’s DAO Mechanics: the community will be able to vote on the change of different classes’ characteristics, items, and other objects paraments like dungeons raid bosses rewards scheme in a completely transparent and decentralized manner which could truly affect core gameplay.

    Next is “GameFi Core”. The first GameFi protocol on the Avalanche network developed by BP Labs primarily for Bold Point. After numerous partners approached us with similar requests, we decided to make it available to the entire community.

    Dave Donnenfeld | Avalaunch

    got excited there. I don’t think you were finished. My apologies

    Nick | Bold Point

    Thanks to the open-source structure of the product, game developers and GameFi product owners can create any game in several iterations and manage all related processes at the blockchain level in a single smart contract.

    This product helps complement Avalanche’s blockchain infrastructure and standardize operations in GameFi projects. The product allows all interactions inside blockchains to be open, reliable, and straightforward. It also has an ability to be integrated into existing DeFi solutions: DAO management, profile and asset sales on NFT marketplaces.

    So, while developing Bold Point we developed this unique product which is a part of Bold Point now, that will help other Game Fi developers to build on Avalanche.

    Also in-game farming pool will be available on a listing day. The BPT-AVAX pair will be added after the DEX Listing, and users will be able to check the current farming yield and rewards on the Bold Points website

    And of course LOOT, YAY Games native NFT Marketplace, will be available for Bold Point with the following game update before the DEX listing.

    Dave Donnenfeld | Avalaunch

    Nice to see the farming go live with the launch. I think that’s a good move. Now…onto my next question — One interesting aspect which to me makes Bold Point stand out as an RPG game is the sheer number of play dynamics possibilities, from in-game farming, battle system, quests and so on. How do you envision this expansive interaction network to help with achieving the project’s goal?

    Nick | Bold Point

    The answer is simple here. This expansive interaction network allows to plan and implement numerous $BPT token utility scenarios which are vital for the long-term success of the project. It makes the game attractive for well-known Guilds as well as regular players.

    Dave Donnenfeld | Avalaunch

    Short and sweet. For anybody reading up about Bold Point, it would become obvious that the game is set around the free to earn model. Can you expand on this for us, what it means for players and how they might benefit from it?

    Nick | Bold Point

    Bold Point is designed to bring blockchain gaming to a large mainstream audience. To begin, prospective gamers are not required to have any knowledge of crypto to play and the game makes a distinction between crypto users and non-users. Simply choosing the “I am new to crypto,” option will direct players through the necessary steps.

    Given that the overwhelming majority of people are largely illiterate when it comes to cryptocurrencies, Bold Point aims to educate, utilizing a digitized crypto knowledge base to aid newer users wishing to familiarize themselves and onboard the blockchain.

    A vital differentiator for Bold Point is a relatively groundbreaking game model. Play-to-earn games typically require an initial, sometimes sizable investment in order to gain meaningful entry. Bold Point is both free-to-play and play-to-earn, meaning gamers will be able to start earning from the very start without the need to put up any sizeable capital upfront.

    Dave Donnenfeld | Avalaunch

    I think you’ve answered that question once before 😀Very wall stated. BPT is at the center of the economy driving this epic game ecosystem. Can you give an overview of the token mechanics, including why players need to hold this token and what are its benefits?

    Nick | Bold Point

    Sure. I prepared some slides about that, did it in a rush, so do not blame me for the quality of the pictures:

    This is the very first build economy cycle we will release this week

    Dave Donnenfeld | Avalaunch

    We don’t judge here at Avalaunch and that pic looks good Sir.

    Nick | Bold Point

    I elaborated how it actually works in YT video interview which should be available soon

    And this is a high-level scheme which included all types of users we want to be satisfied by the game economy. Regular players, investors and the guild owners and guild community.

    Dave Donnenfeld | Avalaunch

    In the way of experts helping with the vision of the project, YAY Games is at center. How does having YAY Games as a partner benefit Bold Point, and distinguish it from a potential rival in the space?

    Nick | Bold Point

    The definition and role of YAY Games is not a partner but a next door company as well as Indacoin which belongs to the same Holding and exists under one roof.

    Bold Point and YAY Games are sharing the development resources from the same pool, sharing expertise, financial support, partners network and so on. This allows us to invest in R & D and create sub-divisions like YAY Labs and BP Labs.

    For now we have two development teams with 18 and 12 team members working on YAY Ecosystem and Bold Point Projects. Each developer may be involved by managers or CTO to any development stream if the project requires his\her expertise.

    Dave Donnenfeld | Avalaunch

    Speaking of partnerships, among YAY Games and others, Avalanche is also part of the supporting system for Bold Point. How does this help with the vision of the project, considering that Bold Point is a game released on its native chain? Are there any other partnerships on the way that will help with achieving Bold Point’s vision?

    Nick | Bold Point

    No offense to other partners, but Avalaunch and Avalabs are the most valuable partners for Bold Point now and for YAY Games in the past.

    We’re receiving real-time support almost 24\7 in terms of tokenomics revision, technical advice, introductions to the partners and so on.

    We’re trying to be the same for our partners, the smaller companies, trying to learn and support them and taking the same approach but Avalanche for us is just another scale regarding deep expertise in fundamentals and abilities in assistance.

    Dave Donnenfeld | Avalaunch

    What does the Roadmap look like? What are the key milestones players and token holders are to look forward to?

    Nick | Bold Point

    This is a high-level roadmap for the project without detailed explanation of what exactly will be included in each game build update. It will be elaborated in the game-related articles soon

    Dave Donnenfeld | Avalaunch

    What do you see as the main drivers that would help Bold Point scale to the masses? Have there been any active undertakings on this front to date?

    Nick | Bold Point

    It’s a free-to-play approach with a transparent step-by-step onboarding process and no significant initial spending to start play.

    Also as mentioned above, easy-to-learn hard-to-master gameplay is really attractive and this shouldn’t be underestimated. The new generation of Game Fi projects must be focused on the “Play” part not on “Earn” — this is my personal way of thinking which is deeply reflected in the core game mechanics.

    Dave Donnenfeld | Avalaunch

    Final question before we move on to the Twitterati, the CT, the Twitterverse as it were…What is your overall view about the play to earn games in the crypto space, do you see Bold Point taking a spot among these top games?

    Nick | Bold Point

    As advisor for Game Fi projects I have a tight pipeline of projects requesting advisory service and I have to read and learn about each of them in detail.

    From that source I see how many projects are trying to build the real prototypes, the real games with interesting gameplay, advanced token utilization scenarios with an ability to put significant resources to implement all ambitions they have.

    In 2022 the trend is intended to shift the perception of GameFi projects from primitive apps to sophisticated games, and with Avalaunch support, this goal becomes much more realistic. So we’re competing now with the next-gen projects, not the current ones.

    Twitter Questions

    @AndyToshi_cryp asks — I read in your blog that to play in Bold Point I will need to build an army, but really how much will it cost me to build one? Can a full NFT army really be compared? If so, what will its cost be?

    Nick | Bold Point

    At the very first release version there would be two types of NFT assets: Potions and Chests. Next release will bring Gear and Resources. On the next stages custom Army units will be also available to buy from the marketplace, but I can’t say the cost for custom Army units now.

    For the first few months Army units wouldn’t be NFTs and would be free to use as a part of gameplay

    @Cryptoman785 — After going through the tokenomics I could see you have a major allocation towards incentive and staking rewards so what is the reason behind it? Also what is the token allocation for Ecosystem Development mean and how will it be used?

    Nick | Bold Point

    We plan to use the Ecosystem Growth category the same way as BP Labs — to build the products which definitely have relation to the game, the part of its architecture but not related to the gameplay process itself. Like NFT Marketplace LOOT or Game Fi Core.

    We also planned in-game economics in the way to make the game attractive for the regular players as well as well-know guilds and we tried to meet their requirements for the in-game economy cycle based on other games experience.

    @cryptotrung — Could you tell us why Bold Point required the services of YAY Games for the creation and development of its game?

    Nick | Bold Point

    As I mentioned YAY and Bold Point are sharing one development team and other resources like financial support, partnership network etc. It allowed us, for example, to spend resources experimenting with the Bold Point genre and develop more deep connections between the game and YAY ecosystem products.

    @Hasnain06976827 — You said bold_point is designed to empower the #GameFi ecosystem based in #Crypto and #NFT without risking your capital. If the platform is free for all, how do you generate revenue from your project for development?

    Nick | Bold Point

    The revenue would be generated by buying pressure for $BPT token, BUT I wanted to separate the project success from the global market trends, so we will be able to get revenue from LOOT as standalone product and Game Fi Core as SaaS cost effective solution for third-party companies which was developed during Bold Point development process. I elaborated that in more details in YT interview.

    @Sammy123vn — Why did Bold Point choose Avalanche as their main network? What new opportunities will the Bold Point players and community have as a result of this integration?

    Nick | Bold Point

    For our dev team it was an easy decision to choose Avalanche network, they love the consensus algorithm Snowball that makes it possible to unite classic and Nakamoto consensuses which lead to tiny commission and extremely fast speed.
    Also Avalanche finalize transactions without waiting confirmations which lead to average tx time less than a sec. You know, after such experience it’s hard to look for other blockchain networks.

    I also never seen such level of support and willing to assist in terms of solving any types of technical questions from Avalabs directly or from wide Avalanche community.

    Telegram Questions

    lynalonzo

    Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?

    Nick | Bold Point

    The tutorial videos will be definitely available within the next few weeks

    Everett Jhon | Luna

    Is your project a community only for English speaking an countries or for users not of other languages?

    Nick | Bold Point

    It’s worldwide. I know from the stat’s that 30% of our audience is Turkish community. There are also strong Chinese and South Asian communities like Vietnamese or Indonesian

    Sabrina Sadler

    According to the project’s roadmap- what are your most important next priorities?

    Nick | Bold Point

    To advance the token economy for Guilds and major Investors needs. To add an ability for voting for the buildings (dungeons) and regions ownership

    Atharva (Mars and Himalaya)

    I want to support your project, Tell us more about the Ambassador Program and in what ways can we participate ?

    Nick | Bold Point

    The Ambassador Program would be developed on a Guilds level. We’re already in the negotiation process with a few major ones

    Teresa Gabriel

    Where can I currently buy Token?

    Nick | Bold Point

    The spoiler: $BPT would be available on Trader Joe exclusively end of next week. Announcement should be posted today or tomorrow.

  • Bold Point X Avalaunch: IDO Announcement

    Bold Point X Avalaunch: IDO Announcement

    GameFi, play-to-earn, learn-to-earn, guilds and the litany of buzzwords beginning to populate the world of crypto is not an accident. Gaming, a juggernaut of an industry, valuated at 200 billion and rising, is migrating onto the blockchain. Avalanche, with its near-instant finality, low network fees, and largely forthcoming subnets is clearly becoming a destination for the most ambitious and forward-looking games coming to market.

    Avalaunch has the fortune of knowing innumerable game developers and projects dedicated to expediting what is now an inevitability — the mass exodus of value from companies to contributors and players. Among the projects we’ve known for some time, Bold Point is perhaps our longest-standing relationship. From idea to inception, we have followed their path closely and have seen their dedication to building on Avalanche come to fruition. As a fitting end to a private journey comes a new beginning with a public launch; and Avalaunch is proud to announce Bold Point as our next IDO.

    Project Overview

    At its core, Bold Point is an NFT-based game where every character, item, and achievement reward is tokenized and represented by an NFT. Via an in-game marketplace, gamers will be able to transparently buy, sell, loan, collect, and even trade a variety of NFTs. It is also possible to craft items by burning the native BPT token, allowing players to generate the rarest and strongest NFT items.

    NFTs are implemented to the core game mechanics in the forms of potions, amulets, jewelry, and other artifacts necessary to survive multiple waves of attacks in the PVE mode and get a substantial bonus in farming. A player’s acumen, skill, and acquired knowledge are required to master Bold Point gameplay: turn-based combat is highly strategic and fast-paced, forcing a player to make a decision within 20 seconds.

    The game is intended to be accessible for everyone, not requiring a sizable investment in order to earn. Bold Point inherits the best practices from such well-known Auto-Battle Chess representatives as Auto Chess (Extremely popular Dota 2 Mode), Teamfight Tactics, and Hearthstone Battlegrounds, prioritizing players’ engagement and user experience. Bold Point’s model offers economic incentives, without having to invest thousands to start competing, making the game itself a pioneer in the free-to-earn field.

    The world of gaming is slowly but surely merging with the crypto industry. The premise of having virtual economies built on the blockchain allows the contributors of value to the game and players alike to generate income and gain transparent ownership of their in-game items through NFTs.

    Education For Adoption

    Bold Point is designed to bring blockchain gaming to a large mainstream audience. To begin, prospective gamers are not required to have any knowledge of crypto to play and the game makes a distinction between crypto users and non-users. Simply choosing the “I am new to crypto,” option will direct players through the necessary steps.

    Given that the overwhelming majority of people are largely illiterate when it comes to cryptocurrencies, Bold Point aims to educate, utilizing a digitized crypto knowledge base to aid newer users wishing to familiarize themselves and onboard the blockchain.

    A vital differentiator for Bold Point is a relatively groundbreaking game model. Play-to-earn games typically require an initial, sometimes sizable investment in order to gain meaningful entry. Bold Point is both free-to-play and play-to-earn, meaning gamers will be able to start earning from the very start without the need to put up any capital upfront.

    Updates

    The game has been worked on for some time now and is developmentally quite far along compared to many competing projects. Recently, an update was published outlining some of what lies ahead beginning with farming.

    • Farming will be available on listing day. The BPT-AVAX pair will be added after the DEX Listing, and users will be able to check the current farming yield and rewards on the Bold Points website.
    • Early entrants will realize favorable yields
    • The mechanism will be similar to the one implemented in the YAY Platform. Players who survive invasions will have increased rewards.

    Loot

    LOOT, YAY Games native NFT Marketplace, will be available for Bold Point gamers, players can stock up with mana and healing potions — buy Boxes and open them. Users who purchased Boxes during the Initial NFT Offering (INO) will be able to open their chests. Rewards from open Boxes will go directly to in-game accounts.

    GameFi Core

    “GameFi Core” is the first GameFi protocol on the Avalanche network developed by BP Labs primarily for Bold Point. After numerous partners approached us with similar requests, we decided to make it available to the entire community.

    In short, “GameFi Core” is the founding block of GameFi space for your game.

    Thanks to the open-source structure of the product, game developers and GameFi product owners can create any game in several iterations and manage all related processes at the blockchain level in a single smart contract.

    This product helps complement Avalanche’s blockchain infrastructure and standardize operations in GameFi projects. The product allows all interactions inside blockchains to be open, reliable, and straightforward.

    Advantages:

    – A new protocol exclusively developed by our team, with no equal on the market;

    – Universal and flexible architecture. Can be used to tokenize ANY game;

    – Open-source and audited smart contracts;

    – Supports advanced protocol-level communication standards;

    – Support for updates during the ‘DeFi-LEGO’ life cycle;

    – Ability to be integrated into existing DeFi solutions: DAO management, profile and asset sales on NFT marketplaces.

    Core system Improvements

    The main focus is to ensure that the game is running smoothly, thus developers are constantly reviewing and improving the code. The team seamlessly combines HQ 2D map with 3D characters to fit three-dimensional characters into an isometric location. Other areas of consistent improvement are sound effects and VFX.

    Closing Thoughts

    Seeing a serious game project come together is both gratifying and daunting. Many crypto investors fail to recognize the truly monumental effort and thought that goes into any game. Bold Point is a long-standing relationship of Avalaunch’s and their alignment with Yay suggests that they have been able to sidestep many of the most common mistakes blockchain developers make. Their progress has been demonstrable over the course of many months and any discerning person interested in a given project will note the maturity of Bold Point’s offering. The demo is there for the taking and the MVP is live. The team continues to make strides and has published a number of updates and tweaks, demonstrating their mobility as developers and willingness to engage with a critical audience.

    “Bold Point wouldn’t be the game we know without the top-notch expertise of our most valuable partners who literally became our friends — Mark and Dave from Avalaunch. From the very beginning of our collaboration with Mark and Dave we felt tangible support and inspiration, which are impossible to overestimate.” — Bold Point Team

    Bold Point — Links & Team

    Website| Telegram (Announcement) | Telegram (Community) | Twitter | Medium | Discord | Battle Demo

    Partners and Backers:

    “I’m very excited about the launch of Bold Point. Always loved RPG games, leveling up, exploring… I’m confident in the product as I know the strong and passionate team from Yay Games is behind it” — Alexandre Raffin, CEO of Gains Associates

    BPT Funding Numbers:

    Total Supply: 1,000,000,000 BPT

    • Seed: 40M BPT at .0075 USD — $300,000 USD
    • Strategic Round: 120M BPT at .0125 USD — $1,500,000 USD
    • Yay Holders: 20M BPT at .015 USD — $300,000 USD
    • Public Sale: 85.7143M BPT at .0175 USD — $1,500,000 USD

    Total Raise: $3,600,000 USD

    Supply — Breakdown & Vesting:

    • Game Mining: 200M BPT (20%)
    • Ecosystem Growth: 140M BPT (14%)
    • Strategic Round: 120M BPT (12%)
    • Bold Point Labs: 114.2857M BPT (11.43%)
    • Team: 90M BPT (9%)
    • Public Sale: 85.714M BPT (8.57%)
    • Marketing: 80M BPT (8%)
    • Initial Liquidity: 50M BPT (5%)
    • Farming Rewards: 50M BPT (5%)
    • Seed Round: 40M BPT (4%)
    • Yay Holders Round: 20M BPT (2%)
    • Ecosystem Fund: 10M BPT (1%)

    Vesting Following TGE:

    • Game Mining: 40 months linear vesting
    • Ecosystem Growth: 90-day cliff followed by 40 months of linear vesting
    • Strategic Round: 45-day cliff, 8%, weekly vesting for 80 weeks
    • Bold Point Labs: 90-day cliff followed by 40 months of linear vesting
    • Team: 180-day cliff, monthly linear vesting for 25 months
    • Public Sale: 30% at TGE, weekly linear vesting for 40 weeks
    • Marketing: 30-day cliff, monthly vesting for 25 months
    • Initial Liquidity: Discretionary Unlock
    • Farming Rewards: 60-day cliff, monthly vesting for 40 months
    • Seed Round: 90-day cliff, 7.5%, weekly vesting for 23 months
    • Yay Holders: 10% at TGE, weekly vesting for 60 weeks
    • Ecosystem Fund: 90-day cliff, monthly vesting for 25 months

    Other:

    • Initial Circulating Supply: ~27.714M BPT (excluding liquidity tokens)
    • Initial Market Cap: ~485K USD (excluding liquidity tokens)

    The Bold Point IDO on Avalaunch

    • 85.714M BPT at .0175 USD — $1,500,000 USD (Total Supply: 1B BPT)
    • Sale Size: $1,500,000 USD
    • Vesting: 30% at TGE, weekly linear vesting for 40 weeks
    • 30% at TGE, weekly linear vesting for 40 weeks

    Registration Schedule:

    • Registration Opens: April 7th at 3:00 p.m. (UTC)
    • Registration Closes: April 10th at 6:00 p.m. (UTC)

    Sale Schedule:

    • Validator Round Begins: April 11th at 6:00 a.m. (UTC)
    • Validator Round Closes: April 11th at 3:00 p.m. (UTC)
    • Staking Round Begins: April 11th at 3:30 p.m. (UTC)
    • Staking Round Closes: April 12th at 6:00 a.m. (UTC)
    • Booster Round Begins: April 12th at 6:30 a.m. (UTC)
    • Booster Round Closes: April 12th at 12:30 p.m. (UTC)
  • Coming to Avalaunch: April 2022

    Coming to Avalaunch: April 2022

    Avalaunch is always working to secure the best and the brightest projects coming to Avalanche. Though it is not always visible to the end user, there is a relationship that has been cultivated over months and will continue long past the launching of a given project.

    As many have noted, Avalaunch does not typically publish a schedule of upcoming IDOs. This is done to protect prospective projects when things leading to a launch can be very fluid; typically requiring the coordination and cooperation of many parties. Delays, for example, can be requested in advance or unanticipated with both circumstances having potentially zero reflection on the readiness of a given project. There are myriad scenarios that need to be contended with and Avalaunch always tries to support and be flexible.

    In recent weeks, the lineup of forthcoming launches projects has shaped up nicely and we wanted to give the community a preview of some of the confirmed sales coming to Avalaunch. Please follow the project’s socials and join their communities for announcements about exact dates.

    The following list represents what we believe are some of the strongest, most interesting and useful projects being built on Avalanche today who are ready for their IDO. We look forward to educating our community about why we think there are vital additions to the Avalanche ecosystem.

    So, without further ado…


    Snail Trail

    Snail Trail is an NFT based auto racing game where players place their Snails in competitive races and win rewards. Players can own, optimize, reproduce, and race with their Snails. Among the first play-to-earn racing game on the Avalanche ecosystem, using NFTs as game assets, users acquire unique snails to compete in races, mint more snails, and earn AVAX. Much like a human, every snail has unique genes with in-game systems allowing for billions of different genetic sequences, multiple generations, and rare species.

    Snail Trail is a new kind of racing game that requires strategic thinking and foresight — paired with the fun of collecting NFTs. Snail Trail is the first NFT based racing game on Avalanche Network where each snail has innate artistic characteristics rendering it unique, while combining other traits that affect a snail’s racing performance.

    Website | Twitter | Discord


    Metaderby

    MetaDerby is a horse racing and breeding inspired metaverse where anyone can earn tokens through skilled gameplay and contribute to building the MetaDerby-verse. In the MetaDerby-verse, users will tap into the long historical relationship between humans and horses.

    Horse racing is one of the most ancient of all sports and its basic premise — to identify which horse is the fastest over a set course — has been unchanged since at least classical antiquity.

    Meanwhile, the history of horse breeding goes back millennia, with one of the earliest people known to document the breedings of their horses being the Bedouin of the Middle East—the breeders of the Arabian horse.

    With the advent of mechanical forms of transportation, the century old relationship humans have had with our horses dissipated. Slowly and gradually, the enjoyment of horse racing and the knowledge of horse breeding became relegated only to a select few.

    With the possibilities of blockchain, NFT, tokens, and the advent of a global play-to-earn community, Metaderby has set out to create a metaverse where humans can reconnect with our ancient friends and celebrate this unique relationship.

    Website | Twitter | Telegram


    Bold Point

    Bold Point is an NFT-based game where every character, item, and achievement can be tokenized and represented by unique Non-Fungible Tokens. Through the in-game marketplace, gamers are able to transparently buy, sell, loan, or collect a variety of different NFTs. It is also possible to craft items by burning BPT or YAY tokens; allowing players to generate the rarest and strongest NFT items.

    To truly excel, players will need to leverage their abilities and learnings to battle against each other in the competitive multiplayer mode (PVP). Muster all your courage and participate in tournaments with big prize pools (Gold PvP) or in the Bold Point Arena, where teams of players are pitted against each other until only one is left standing.

    Bold Point’s groundbreaking play-to-earn model offers plenty of economic incentives without exorbitant entry costs thus allowing players from all around the world to monetize their gaming experiences through healthy competition.

    Website | Twitter | Discord


    Snake City

    It all started from a lab in the jungle Amazon. Scientists had discovered a substance inside the snake’s brain which would be able to give human-like intelligence to the snake when combining that substance with a man-made substance. The intelligence and the size of the snake had developed at an unexpected speed which concerned the scientists. They had to come up with the decision to cancel the research and to kill all of the snakes as well as destroy all the samples because of the threatening risks.

    After an incident caused by a huge storm in the jungle, some of the snakes had escaped out of the lab. Eventually these giant super intelligent snakes had taken over to dominate and occupy most of the world. This war ensued to retrieve the land which was occupied by the snakes, however, scientists went on to discovered that they could completely terminate the snakes by collecting Uranium, Botanium, Neganium, Motanium in those lands where those intelligent snakes with biggest size were living in the deep Atlantis Ocean, Sahara desert, Northern Europe jungles and mountains in Tibet.

    Players join the game as a warrior to fight in the wars against the snakes in the metaverse to help humans take back the domination.

    Website | Twitter | Telegram | Discord

  • Launchpad Update: XAVA Points, Automation & Booster Round

    Launchpad Update: XAVA Points, Automation & Booster Round

    At Avalaunch, we continue to iterate and move forward as part of a collective movement to see early-stage, public fundraising become a staple and sophisticated financial service product that is open to all.

    To date, we have innovated and have contributed to a notable shift. Largely gone are the oversubscribed IDOs where players fight for scraps. We are seeing greater parity between private and public rounds, increasing price uniformity, strategic vesting for public participants, among other improvements. These trends were simply not present before Avalaunch and we have worked for over a year behind the scenes to help all players understand the value of honoring community at the level of the public sale.

    From a business development perspective, the progress has been excellent. Our base chain Avalanche is attracting truly special teams and projects—the likes of which the blockchain has yet to see—that previously did not find the space stable enough to build on. Now, they are coming now in droves.

    Avalaunch looks forward to the coming months and being able to launch a slate of projects that are unprecedented in ambition. As the time draws near, there will be added features and functionality that offer greater flexibility and ease-of-use for those who wish to partake.

    Today, we introduce a few of these, with many more to come.


    AVAX Collateral

    With this new set of features, we have included two automations (Auto-Buy & the Booster Round) that will require a deposit of AVAX to execute successfully.

    The deposit modal can be accessed through the Automations tab under the Accounts page, but users will also be prompted to deposit collateral with predictive amount recommendations during registration as well.

    During an active sale, you can check the automations tab to make sure that you have met the recommended collateral, which will be based on your current stake and predicted allocation.


    Allocation Auto-Buy

    Auto-Buy is an Avalaunch automation that will allow a user’s allocation to be automatically purchased during the IDO sale window. When enabled, a user will no longer be required to be present during the sale to purchase their guaranteed allocation, as long as they have deposited the recommended collateral.

    Right now, the recommended collateral will be 2x your predicted IDO allocation. In order to ensure you receive your full available allocation, please deposit the recommended amount.


    How Does Auto-Buy Work?

    Auto-Buy can will become active during an IDO period and can be enabled at any time up to the beginning of a sale, including after you have registered. Once the sale begins, you cannot disable the Auto-Buy automation.

    You can locate the Auto-Buy modal under your Automations tab.

    In addition to no minimums and guaranteed allocations, Avalaunch is the first launchpad to offer the type of stress-free user experience which allows for passive participation in an IDOs.

    Your participation in an Avalaunch sale can start and end with registration. With our new set of automations, our IDOs are now not only guaranteed, but can be entirely “hands off.”


    XAVA Points (XP)

    XAVA Points (XP) are a representational unit of XAVA that can be allocated toward your stake for any IDO. Unlike normal XAVA, they cannot be purchased or traded, but are earned across the platform by staking XAVA and through various actions like locking XAVA and community-driven tasks.

    Staking XAVA

    For every XAVA staked in the allocation staking pool, you will receive 1 XAVA Point. These points don’t represent any additional benefit beyond your normal XAVA, but are simply grouped with earned points for ease of use during IDOs.

    Earning Additional Points

    Currently, the only way to earn extra XAVA Points beyond your stake is by locking your XAVA, however, there will be more ways to earn in the near future centered around continued participation and community engagement.

    You can alway check your current XAVA points and history under the XAVA Points tab.


    XAVA Locking

    A user will now be able to lock their XAVA for a predefined term (3,6, and 12 months), for a multiplier on that XAVA, in the form of XAVA Points.

    How does XAVA locking work?

    When you lock your XAVA for a predefined term, you’ll receive additional allocation power in the form of XAVA Points that can be used toward any IDO.

    There are 3 locking terms you can participate in, each with a set multiplier:

    • 3 months → Receive 1.3x XP Multiplier
    • 6 months → Receive 1.5x XP Multiplier
    • 12 months → Receive 2x XP Multiplier

    Example Scenario:

    You lock 1,000 XAVA for 3 months.

    When locked: You will have 1,300 XAVA Points which you can allocate toward IDOs. The additional 300 XP in this case are the XAVA Points you earned via the multiplier.

    When unlocked: You will receive your 1,000 XAVA back, and the 300 XAVA Points will expire.

    Video Tutorial:


    XAVA Locking FAQ

    What is the minimum you can lock? The minimum lock is 1 XAVA.

    What is the maximum you can lock? There is no maximum you can lock.

    How often can you lock XAVA? You can lock XAVA or add to you lock at any time; however once you submit a lock, there is a 20 minute pause before you can lock more.

    What if I want to unlock my XAVA before my selected lock term ends? You cannot unlock your XAVA until your selected lock term ends.


    Booster Round

    Historically, there have always been unsold tokens in our IDOs as a function of our guaranteed allocations. If a user’s allocation is guaranteed to be waiting for them during the sale, there is always a chance that they don’t show up, leaving a remainder.

    For our past 19 IDOs, we have purchased these unsold tokens at our cost and airdropped them to sale participants. While we felt this was a reasonable and generous solution, there has always been demand for a “last chance” offering of the leftovers.

    The Booster Round is our response to this request.

    How Does it Work?

    The Booster Round is an opt-in final round which will allow stakers to pick up additional allocation after their guaranteed allocation in the Staking Round. Enabling will become active during an IDO period and can be enabled at any time up to the beginning of a sale, including after you have registered.

    This round, like auto-buy, is automated and there is no need for a user to be present during it.

    You can locate the Booster Round modal under your Automations tab.


    In order to be eligible for the Booster Round, a user must first opt-in before and deposit the recommended collateral before the IDO begins. In addition to the collateral, you will be required to deposit AVAX for gas fees. This is to ensure that the transaction executes and the automation is 100% reliable.

    Once the Staking Round has concluded, the application will begin to automatically scan the list of participants that have opted-in, sorted by stake, with the highest stake first.

    If a user has opted in and deposited collateral, it will automatically purchase up to 1/2 their allocation in the staking round, with a hard cap of $300. No user will receive more than this, regardless of their stake.

    If a staker has not enabled this feature or not deposited collateral, they will be skipped. If the user has not deposited enough collateral to receive the maximum Booster Round allocation available to them, whatever collateral is available will be used, and the application will move down the list.

    Why Not “First Come First Serve?”

    The Avalaunch application was designed to remove the stress, confusion and need to be first from the IDO process. A round where the person who was the fastest or cranked their gas the highest “wins” would be antithetical to all of the design choices we have made to date. While we understand the desire, we simply prefer a more orderly solution.

    With the collateral requirements and hard caps in place, we anticipate that the the Booster Round will allow for hundreds of participants to receive additional sale allocation, without sacrificing any of our core design principles.


    Wrapping Up

    With the latest round of features, we believe we move closer to the most user-friendly, intuitive and balanced launchpad in any ecosystem. Guaranteed allocations, with no minimums, that can be purchased without even being present during the sale allow our users to focus on the projects we are helping launch, instead of the sale process itself.

    Our goal is to strip away any artificial constriction of the sale process designed to create FOMO, and instead create authentic excitement about the product, team and their future potential in the Avalanche ecosystem. As always, we thank you for your continued support of the Avalaunch community and its mission to bring great teams, building great things to Avalanche.

  • Lost Worlds AMA #1 — Project Overview with Quaison (Co-Founder & CEO) (Recap)

    On 3/22/2022 at 6:00 a.m. (PST), an AMA session was held on Avalaunch with special guest, Quaison, Co-Founder & CEO, Lost Worlds. Below we present to you an excerpt from AMA with questions and answers.

    Dave Donnenfeld | Avalaunch

    Hello and welcome Avalaunch faithful to an AMA that takes place from a special venue — the Avalanche Summit in Barcelona! So far so great and it is definitely passing the vibe test with flying colors. Today, we are stoked to have a very special guest from a genuinely exciting project — LOST WORLDS. Can you say geo-location based NFTs minting? I think you can. Without further ado, let me welcome Quaison Carter, the man that makes Lost Worlds go. @Quaison , you good to go?

    Quaison |Lost Worlds

    Yo Yo! How is everyone?! Q here.

    Its a pleasure to be here and answer all the communities questions

    Dave Donnenfeld | Avalaunch

    Good to have you Quaison. Appreciate your time today. Let’s get into it….Can you please introduce yourself, who you are, what your role is and perhaps how you got involved in crypto?

    Quaison |Lost Worlds

    Hi everyone, my name is Quaison (Kwaysun) one of the founders of Lost Worlds as well its CEO. I’ve been in involced with crypto since 2013, but my main background is actually in Digital Production and Advertising. I cut my teeth as a producer and strategist at some of the top agencies in the world, working on brands like, Coca Cola, Macys, Procter and Gamble.

    Like many of us, I was introduced to crypto by a friend who was geeking out and going deep in the space and eventually I got ropped in. ts been no looking back ever since. I’ve worked behind the scenes on a number of DeFi projects, while still keeping day job, which was also as an educator at General Assembly and NYU, helping people to understand the importance of Blockchain technology and its impact on our day to day.

    Dave Donnenfeld | Avalaunch

    Appreciated. For those watching on, the summit connection is a little touch and go but we’ll get through it.

    How does Lost Worlds work? What are its pillars and differentiating factors?

    Quaison |Lost Worlds

    Lost Worlds is a composite of Web3 and Web2 infrastructure that allows NFTs to be geographically bounded to physical locations. Its a marketplace and platform where creators can use location as means of digital expression, and scarcity. This is simply one dynamic of our primary focus which is to create new and novel ways to drive real world utility for NFTs.

    Dave Donnenfeld | Avalaunch

    Lost Worlds seems to evoke quite a unique idea. Can you tell us a little bit about how the concept of bridging NFTs to real-life experiences of NFT discovery and minting came about?

    Quaison |Lost Worlds

    We really felt it was an inevitability. The idea of a “metaverse” where we all put on a Oculus, bootup into The Matrix, and live in a digital utopia is something that’s not realistic, or near term.

    That said, we are at a place where we can start bringing more crypto focused digital interactions into our physical reality. We really wanted to be at the forefront of this idea of real world utility for NFTs. And location based NFTs is the first application that achieves this aim.

    Dave Donnenfeld | Avalaunch

    Agreed although I can’t hate on an oculus. This is more melding and practical by a good stretch, kudos to you all for tackling it.

    NFT minting across various geo-locations is of course a core constituent of Lost Worlds. Do you envision potential challenges arising in relation to user-adoption, whereby people might feel restricted in accessing and making use of the platform? How do you ensure that users don’t feel left out because of the need to travel to particular locations to access an NFT or a collection of NFTs?

    Quaison |Lost Worlds

    In the near term, this is actually a feature not bug, for the user. When you mint a pfp project like Hoppers, or Chikn, the total supply, and rarity are forms of scarcity, you’re restricted in what/how many NFTs you can mint because of this. Location Based NFTs are simply another form of scarcity and rarity. That said, you can purchase and collect any NFT minted from a location, by other explorers via our secondary marketplace. That NFT is still proof that someone travelled to mint.

    Additionally, in our future we have a number of new primitives to the space that actually solve for the desire to experience geo-location based NFTs no matter where you are. Currently our NFTs are bound to a physical location. In the future we will have NFT drops that generate based on your location. Meaning there will always be something near you to mint, but it could also change based on where you are. We call it Location Generative NFTs.

    Dave Donnenfeld | Avalaunch

    Lost Protocol is a set of tools that gives builders and creators the freedom to build their own GameFi, DeFi, and NFT Experiences. Can you describe the structural nature of this protocol and how it aims to fuel Lost Worlds’ mission?

    Quaison |Lost Worlds

    In short we wanted to build an open protocol that anyone could build on top of.

    When building the app, we realized really quickly that we could wrap all of our tooling into an SDK and APIs that allows others to plug in and build their own World. The Lost Protocol is a heiarchery of tooling and governance that allows creators, and explorers to build on and grow the lost worlds ecosystem.

    The most important pieces are the Project Builder and the DAO

    The project builder contains what we call The Lost Tower which is a templatized launcher for creating your own location based NFT experiences.

    The DAO is the heart of our ecosystem. Creators who build a project would have to push a proposal to the DAO, stakers on our platform are the gatekeepers of quality and demand for what projects are allowed to drop on the app. A portion of the minting fees from each project would also be passed back into the treasury, which will also be passed back to the stakers of the ecosystem, either through LOST rewards or directly in AVAX. In short its a closed loop system where creators and explorers are connected and help each other grow.

    Dave Donnenfeld | Avalaunch

    The name Lost Tower resonated with me for reasons I’d rather not get into 😁 Great answer actually — With a secondary marketplace available among the already known platforms like OpenSea, how do you ensure adoption and scalability for this integral part that makes up the Lost Worlds ecosystem?

    Quaison |Lost Worlds

    Its a good question, we don’t see ourselves as a competitor to secondary marketplaces like OpenSea, Kalao or NFTrade, we are a primary marketplace that supplements their supply in fact. We are lego block within the NFT ecosystem for all to build on. To that end we’ve been working closely with other marketplaces to see how we can integrate and open our offering into the larger ecosystem.

    Dave Donnenfeld | Avalaunch

    That’s going to be one big ass lego in due course. LOST is the token behind the economy of Lost Worlds. Where does the utility come from? How does the token contribute to the ecosystem? Can users access the platform without holding the token?

    Quaison |Lost Worlds

    The LOST token at its inception is an access token. Depending on how much you stake the more access to the platform you will have. This includes being able to mint projects, earn rewards and to have a say about the future of the platform. We use a tiered Bronze, Silver, Gold staking system as foundation so that we can layer on utility as the project grows.

    Bronze (staking 10 LOST) — Access to the application and marketplace and “bronze level” projects

    Silver (stake 100 LOST) — You are able to earn rewards, and Silver Level Achievements (including Higher LOST rewards) (i.e., if you are staking less than 100 LOST you won’t be able to earn minter rewards or dividends, but you will be able to earn bronze achievements)

    Gold (Stake 1,000 LOST) — Gold Level Achievements (and highest LOST Rewards), Access to Community (future DAO which controls what projects are on the platform). Early access to new features and releases.

    We are keeping it simple to start so we can layer on utility with data behind it. This includes the possibility of sharing platform revenues with Gold Tier stakers incentivizing them to vote and support quality projects that will mint.

    Also note some projects may be “sponsored” (or free) depending on mint

    Dave Donnenfeld | Avalaunch

    So the access sets us up and the earning and status knocks it down. Well done. I’m presaged that a bit — How does the earning mechanism work? Are there limitations in the earning potential without the use of the geo-location feature?

    Quaison |Lost Worlds

    Yea exactly, you can consider us an “Explore to Earn” platform. By going to different locations and minting NFTs you are earning rewards. We are converting the energy of travel and movement into value. The more value you attain, the more access and opportunity you are given.

    We have a number of rewards that will be live with the first NFT drops. Below are the ways you will inititally be able to earn (with more to come).

    Minter Rewards — you mint on our App, you earn LOST

    Minter Dividends — These in essence are location based reflections. The earlier you are to a minting location, the more rewards you can earn

    Minter Royalties — If you mint and sell your NFT on the marketplace, you can (depending on the project) earn royalties from the secondary sales.

    Achievements — By completing certains tasks and objectives (like collecting certain rarities and locations from different projects and creators), you can earn a big LOST reward, rare NFTs and potentially more

    I’m sure you can think of 100 other ways we can add more rewards to the platform

    Dave Donnenfeld | Avalaunch

    There’s no shortage of ways this could be spun once it’s up and running. Pretty robust for sure. Having looked at the Roadmap, an interesting feature becomes obvious, which I’d like to discuss briefly, namely the notion of multiple projects becoming available at launch. What can you tell us about these projects, what’s the bigger picture behind this strategy?

    @shahi297 save us!

    Lovish Shahi | Avalaunch

    We are launching with two native projects and following up with a third shortly after. The focus is on small locations as well as global access for everyone.

    1. Continents NFT — A Global Minting Experience — is project that will allow you to mint NFTs based on the continent you reside. After you mint can buy or sell them on the marketplace, if you collect all 7 Continents you are able to burn them for a super Rare “World” NFT plus LOST rewards. Antartica will be only available to whitelisted people, who own earn a the explorer role in our Discord and or own one of the top tier Avax NFT projects (Apas, Apes, Chikn, etc… more on this soon)

    https://lostworldsnfts.medium.com/introducing-continents-nft-24e30705701a

    2. Portals — Its an experience that is focused on talking about what will happen to our world if we don’t take care of it. We dropped 6 locations across the globe of famous landmarks from Paris, New York, Singapore, Berlin, Turkey and San Francisco with NFTs of alternative realities of what could happen to that landmark if we don’t care of our world. Its a really cool concept and the NFTs are beautiful

    https://lostworldsnfts.medium.com/portals-nft-on-lost-worlds-ea51d0fa5caa

    Dave Donnenfeld | Avalaunch

    Well said. Give that answer a pat on the back.

    Impressive roadmap. A long time in the making

    What are your plans for scalability, and what does security look like on Lost Worlds?

    Quaison |Lost Worlds

    We chose Avalanche for a specific reason…For both security and scalability; the opportunity that subnets provide open up an entire world where Lost Worlds can become “multidimensional”.

    I don’t want to share too much alpha there yet, because first thing first is to get the core application right, but we are excited to watch projects we know well, like the swimmer network on Crabada closely.

    Dave Donnenfeld | Avalaunch

    You have chosen wisely. 😁

    And our final question before we move on to the twitter portion of our program. At this point, our global community leader, @shahi297 will be taking the reins. You may feel safe with him. Quaison, I will be seeing you around here shortly. As for the final question on this leg of the journey — What do you see as the major milestone in the life of Lost Worlds? What are you most excited about to see in the next few months?

    Quaison |Lost Worlds

    The most exciting thing we are ready for is pushing out product

    We are here at Avalanche Summit deploying our soft launch (I’m sitting next to the devs right now as they are pushing a live link out in the next hour or so) 😬 so right now its working through bugs and engaging with the other projects IRL. It’s an exciting time 😅.

    After that though, obviously our IDO, but once we are launched, we have ton of features to roll out including location bounties, location generative and more! We are reaching the stage in crypto where mass adoption is on our doorstep, and bridging crypto experiences with real world use is a challenge we are excited to take on.

    Lovish Shahi | Avalaunch

    Ahan nicely done!

    Hi Quaison , love to see you here , Lost Worlds is one of my favorites, I’m glad you came 🙂

    Twitter Questions

    @Wilson81947694 — Who is LostWorlds main target audience?

    Quaison |Lost Worlds

    To begin with the Avalanche Community. Its important for us to really build the core, the hot coal of our community and audience. They will tell us how/why and sometimes why we should be building. I can give you a marketing thesis on who our core customer is, but it wont be real, just theorhetical until the product is live and we get real users using it.

    @Erul1122 — Is there a plan for Lost Worlds to migrate to their own subnet and use $LOST as the primary token to bring more utility for the native token ?

    Quaison |Lost Worlds

    Its 100 percent in our sites, but like I said above, one step at a time.

    Subnets haven’t really been battle tested. The same can be said about the Lost Worlds protocol. Once we both mature a bit, we can finally go on some dates, maybe even get married 😂

    @QuNguyn61793298 — Do you already have plans for other interfaces with other companies?

    Quaison |Lost Worlds

    We’ve already have relationships with most of the native Avalanche projects in the space. They are all excited to deploy and have their own drops on the Lost Worlds application. I think you guys will be happy and excited with some announcements incoming for collabs.

    @nicole_binuya — Who is LostWorlds ‘s biggest rival? In the future, does LostWorlds have a plan to beat your rival or cooperate with them?

    Quaison |Lost Worlds

    Honestly, there are bunch of potential competitors some direct, some indirect, none of them in the Avalanche ecosystem, and none of them as tied deeply into the Avax community. We see our selves as a legoblock of not only the NFT ecosystem, but also, the avalanche Ecosystem. So we are always collaborative and open with all projects. Because our focus is on building.

    @Balma322 — People still don’t have much idea of how NFTs work and how to acquire them, are #LOSTWORLDS product designed to be beginner-friendly in the NFT world?

    Quaison |Lost Worlds

    This is a great question. Its real challenge. One we focus on everyday. In addition to just the friction of NFTs minting and crypto in general, there’s the friction of the mobile experience for crypto. We are working on many design update and UI improvements once we start getting real user feedback that will allow us to become as user friendly as metamask/trust wallet allows 😂

    Telegram Questions

    @pearlene_welker

    Are you planning to promote your project in countries / regions where English is not good? Do you have a local community for them to better understand your project??

    Quaison |Lost Worlds

    Yes, we are working actively on this. We’ve partnered with a number of projects and communities from countries across the world to develop their own location based projects for their communities.

    @Alfredoswift1999

    My question . Project names always attract attention and one wonders why they were chosen. How did you decide your project name? what is the meaning and importance of this name that defines your project in one word?

    Quaison |Lost Worlds

    The idea behind the name is that right now you could be standing under an NFT and its in a world that you had no idea was there. It was Lost to you, until now.

    The best way to get involved with our community. is on either discord.gg/lostworlds or on our twitters https://twitter.com/lostworldsnft and https://twitter.com/portals_nft we are doing a number of whitelist for projects coming up, that you can only do through there.

    @Veolamathis84

    Can you please share about your burn system and buyback system? How does burn work for your token?

    Quaison |Lost Worlds

    Part of what we plant to do with protocal fees and revenues accrued is to lock them into very very longterm treasuries. We also will be distributing a portion of the Avax revenue we earn back to the Stakers of the platform who lock for x period of time (tbd).

    @CathrineSanderson

    Currently, a lot of people are looking at NFT, Metaverse & Games? What do you think your offering has that will make it stand out?

    Quaison |Lost Worlds

    Its funny, we are a mix of all three, while being differentiated in each category. Whether we are bridging the metaverse and the real world, creating scavenger hunts and geocaching games, as well as most importantly location based NFTs

    @norafatehi03330

    Sir, i am eagerly want to know about your IDO preparation. Can you explain your IDO plan? And share with us total token supply and platform link where we can buy your token?

    Quaison |Lost Worlds

    regarding our token supply and what we are focused on here. I will say because we are focused on building utility, we made sure that our initial circulating supply was low so its could be focused on app usage. We also worked with our private investors and advisors to have a longer lockup so they could support our long term vision.

    Lovish Shahi | Avalaunch

    Very much appreciate your time here today and the thoughtful answers :))

    It’s been impressive and a breeze to go through.

    On a final note — you have been an exceptional guest. Highly thoughtful answers and cleanly shared information. We’re happy to be hosting your IDO and wish you all the success we imagine you having. Very much appreciate your time today and look forward to your launch and beyond!

    Quaison |Lost Worlds

    Im happy to be apart of this chat. Im excited for the future of what location based NFTs can do, and I am most excited about working with Avalaunch. I hope you all will support us on our journey. 🙏🏾

  • Lost Worlds x Avalaunch: IDO Announcement

    We are producing this sale live from the Avalanche Summit in Barcelona, Spain! Given that the Avalaunch team is live, in person, with the Lost Worlds team, we will be producing uniquely rich content from the Summit all week long. NFT location mints from Avalanche’s top 34 projects. Follow along all week as we uncover Lost World’s limitless possibilities.


    The bridge between the metaverse and the “real” world remains elusive. Is it an extended reality, a new one entirely or just an alternative environment to fritter away some time? In lockstep with the metaverse is the NFT. The unique asset has captured imagination, made us reconsider the value of digital art while both suffering and enjoying some truly wild speculation. Thus far, what is largely held as self-evident is that these building blocks are here to stay and that a gamified future is unfolding before our eyes.

    As the metaverse combines the mentioned elements and moves forward, we are on the way towards something meaningful that will meld its way into our existence. Still, the direct nexus between the “real world” and these nascent universes remains few, but its promise continues to loom. Virtual lands are bought and sold, metaverse businesses are sprouting up, NFTs are minted at Mach V speeds while game play continues to demonstrate its earning power. With each passing iteration it adds definition, rendering the overall experience more personalized as it saunters more deeply into the virtual realities where we will slowly take residence.

    The few that can truly straddle the real and virtual worlds are poised for adoption at a date still to be determined but those that can will have an appreciable head start. Here to leverage that head start comes Avalaunch’s next IDO: Lost Worlds.


    Project Overview

    Lost Worlds is a 1st of its kind NFT platform experience where NFTs are geographically bound to real world locations for collectors to discover and mint.

    The platform gives creators, brands and players the ability to use geo-location as a medium, merging the physical and Web3 world providing a new layer of scarcity and utility in how we evaluate and value people’s experience with NFTs. In short, Lost Worlds brings NFTs into the real world.

    This utility also creates “work” and “value” within the ecosystem, where one must either travel, or be within a specified region to mint a desired NFT. This constraint opens up opportunities to layer on DeFi incentives and components to reward the energy of creating, minting and the buying/selling of location based NFTs. This means creators can submit any form of NFT, from a 1 of 1, event based music drop, location-based scavenger hunts, games, or ideas yet to be scene in our space.

    What separates Lost Worlds from other NFT platforms is its focus on Location Based NFTs and rewards for both creators and collectors. Lost Worlds aims to become a lego block of the NFT landscape, providing a differentiated layer of service and utility for users to interact with Web3 primitives. At a high level, Lost Worlds aims to:

    • Advance NFTs so as to be a part of the human experience, with value and utility that interacts with daily life.
    • Function as a platform that acts as a bridge for new users, creators, and brands looking to engage with the Web3 space.
    • Further location based technology in crypto that is emerging in the web2 and web3 space.
    • Create a sustainable NFT ecosystem inspiring people to collaborate and foster digital and real world connections.

    Location Based NFTs

    Geographically Bound Digital Assets:

    • Lost World expands the way NFTs can be experienced; rewarding creators, explorers and collectors for using the platform.
    • In order to access locations to mint all users need is a mobile device and to stake the LOST token.
    • The greater the stake the more utility and rewards can be derived.
    • NFTs obtained from a given location give the owner the rights to sell or trade their NFT on the marketplace.

    Initial Deployment

    • On-chain location capture and metadata handling.
    • Robust location spoofing mechanisms that are hidden from the client.
    • Decentralized infrastructure when available.
    • Ability to buy and sell NFTs on the secondary marketplace.

    For Projects & Creators

    • Latitude and longitude of NFT and project drops
    • Total NFT supply
    • Media Type of NFT
    • NFT cost, i.e. a flat fee or a set bonding curve related to the total supply
    • Reward incentives and achievement unlocks.

    The LOST Token

    LOST is the native token of the Lost Worlds platform, serving as a reward mechanism and access token for participants. At launch users can:

    • Stake LOST to Access Tiered Location Based NFT projects
    • Stake LOST to Unlock Features and Rewards
    • Stake LOST for Staking Rewards
    • Use LOST for Community Access and future say in projects that get deployed on the platform

    Lost Worlds uses a tiered staking system of Bronze, Silver, and Gold as a foundation to access the platform as we grow and continue to roll out more features and utility.

    When you deposit your LOST into the staking contract there will be cooldown period where a fee in LOST will be taken and redistributed to stakers, based on when you unstake. The fee begins at 15%, and reduces to 0% over 15 days. Meaning if you stake for longer than 15 days you will incur no fee.


    LOST Utility

    Staking LOST is key to being able to utilize the full benefit of the platform. As more features are implemeneted, the way we in which users are able to use their LOST tokens to access location based NFTs will grow. Some examples:

    • Minting Discounts for staking LOST
    • Bounties — use LOST to have someone mint at a location you’re not in
    • Location Based Staking
    • Buy NFTs directly with LOST
    • Submit Projects to the DAO with LOST
    • Sharing Mint (AVAX & LOST) Revenues with Gold Stakers

    LOST Rewards

    50% of the total LOST token supply is allocated for the community via staking, the ecosystem fund and platform rewards. Platform Rewards are core rewards mechanism for people exploring and using the dApp. Platform Rewards are subject to change but slated for distribution as follows:

    • Minting Rewards: 50%
    • Minting Dividends: 20%
    • LOST Achievements: 30%

    Earning LOST

    Users will be rewarded LOST tokens for traveling, minting, buying/selling, and completing challenges. Below is a brief overview of the different types of rewards.

    Minter Rewards

    Travel to a location and mint an NFT to earn Minter Rewards. The amount of rewards per mint can be seen on both the Location Card and Location Landing Page.​

    Mint Dividends

    Varying per project. a percentage of initial minting at a given location drop are eligible for Mint Dividend which allows them to earn LOST on every mint after their own until a location reaches full mint. Future dividends are transferable.

    The Mint Dividends tab shows you the locations you have active Mint Dividends for (based on NFTs Minted in your Collection), and how much Mint Dividends are remaining for each location.​

    Achievements

    All Platform & Project achievements contain Non-Tradable NFT badges. Project Achievements can also contain rare NFTs & LOST tokens.

    The Achievements tab shows the various achievements related to the Platform, as well as the NFTs within your Collection.

    Minter Royalties

    When an NFT is minted from a location, a royalty is created that can be only be activated once it is sold. Any time the NFT is traded in the marketplace afterward, owners will be paid a royalty payout.


    The Future of Lost Worlds

    Lost Worlds proposes a closed loop economy that rewards both creators and explorers for their commitment to grow and develop the Lost Ecosystem.

    • The DAO/Treasury is the central governance system of the Lost Ecosystem. The DAO has voting rights on which projects are deployed onto the platform, as well as ownership of the treasury, which can be used to boost rewards across the platform and its various projects.
    • Explorers must stake LOST in order to gain tiered access to the platform. Depending on the amount of LOST staked, Explorers can participate in different projects and aspects of the platform, including voting rights to the DAO.
    • Creators can utilize the Lost Worlds Protocol in order to build their own location based GameFi, DeFi, and NFT experiences. In order to submit a project, these creators must pay a fee in LOST, which is deposited into the DAOs Treasury

    Lost Worlds: LINKS & TEAM

    Website | Gitbook | Twitter | Medium | Discord | Marketplace

    Partners & Backers

    “We’ve simply been impressed with Lost Worlds as a team in their development and commitment to building Location Based NFTs… We’ve watched their product growth from beta to alpha and now mainnet launch. They are bringing to the space exciting new developments in the NFT space with radically new primitives that could drive new types of adoption and growth for real world uses for NFTs. We can expect to see a lot of creative exploration with these types of digital assets, and from the Lost Worlds team in the future. This is going to be big!” ~ AVentures DAO

    Closing Thoughts

    The Lost Worlds mainnet, launch and listing has been a long time coming. This execute team and the rest are a group of professionals that Avalaunch met more than six months ago. It has been an impressive and enduring work in progress. Geo-location and NFTs are certainly a compelling combination but executing on it is another story. The Lost Worlds team has come a very long way and the project was always very well considered. It is now becoming a living, breathing reality and one that we should all have high hopes for.

    “It’s safe to say Avalaunch is a vital part of the bedrock of the Avalanche Community. We’ve been working on our product for almost a year and the Avalaunch leadership and team has been there, lock and step, helping us navigate the crazy world of crypto. If someone were to ask me “What would you do differently in your process of launching a crypto startup?” there’d be a laundry list of things, but working with Avalaunch is a choice we would make 1,000 times again and again” ~ Quaison Carter, CEO Lost Worlds


    Funding Numbers:

    Total Supply: 50M LOST

    • Private: 5,750,000 LOST at .35 USD — 2.1625M USD
    • Marketing Partners: 333,333K LOST at .45–150K USD
    • Public IDO: 2M LOST at .55 USD — 1.1M USD
    • Hard Cap: $3,262,500 USD

    Supply Breakdown & Vesting:

    Total Supply: 50,000,000 LOST

    • Platform Rewards Incentives: 10M LOST (20%)
    • Team: 8.5M LOST (17%)
    • Staking Rewards: 7.5M LOST (15%)
    • Ecosystem Fund: 7M LOST (14%)
    • Private Round Funding: 5.75M LOST (11.5%)
    • Liquidity: 2.5M LOST (5%)
    • Public Sale: 2M LOST (4%)
    • Future Partnerships: 2M LOST (4%)
    • Developer Bounty/Audits: 1.5M LOST (3%)
    • Advisory: 1.25M LOST (2.5%)
    • Marketing: 916.667K LOST (1.83%)
    • Airdrops: 500K LOST (1%)
    • Marketing Partners: 333,333K LOST (.67%)
    • Professional Services: 250K LOST (.50%)

    Vesting:

    • Platform Rewards Incentives: Contingent upon project participation. Emissions will be determined as projects onboard following mainnet, slated for April 5th.
    • Team: 12-month cliff, linear vesting over 24 months
    • Staking Rewards: Following mainnet, staking emissions will begin linear daily vesting for 59 months.
    • Ecosystem Fund: 30-day cliff, released monthly for 59 months.
    • Private Round Funding: 10% at TGE, 90-day cliff, daily linear vesting for 18 months.
    • Liquidity: 100% unlocked, discretionary deployment.
    • Public Sale: 25% at TGE, 30-day cliff, weekly vesting for 12 weeks.
    • Future Partnerships: 90-day cliff, released quarterly for 2 years.
    • Developer Bounty/Audits: 30-day cliff, released quarterly for 2 years.
    • Advisory: 12-month cliff, linear vesting over 24 months.
    • Marketing: 90-day cliff, released quarterly for 2 years.
    • Airdrops: 7-day cliff, 15% release followed by a quarterly release over 2 years.
    • Marketing Partners: 12% at TGE, 18-months daily linear vesting.
    • Professional Services: 10% at TGE, 90-day cliff, daily linear vesting for 18 months.

    Other:

    • Initial Circulating Supply: 1.140M LOST (excluding liquidity tokens)
    • Initial Market Cap: 627K USD
    • Initial Liquidity: Contingent upon listing plans to be finalized

    The Lost Worlds IDO on Avalaunch

    • 2M LOST at .55 USD (Total Supply: 50M LOST)
    • Sale Size: $1,100,000 USD

    Registration Schedule:

    • Registration Opens: March 22 at 3 p.m. (UTC)
    • Registration Closes: March 25 at 6 a.m. (UTC)

    Sale Schedule:

    • Validator Round Begins: March 28 at 6:00 a.m. (UTC)
    • Validator Round Closes: March 28 at 3:00 p.m. (UTC)
    • Staking Round Begins: March 28 at 3:30 p.m. (UTC)
    • Staking Round Closes: March 29 at 6:00 a.m. (UTC)

    IDO Recap

    • Total LOST for sale: 2M
    • Price: $.55
    • Size: $1,100,000
    • Vesting — 25% at TGE, 30-day cliff, weekly vesting for 12 weeks
  • Avalaunch Integrates Coinbase Wallet

    Avalaunch Integrates Coinbase Wallet

    In an ongoing effort to create ease-of-use and accessibility for crypto users of all levels of experience, Avalaunch is happy to support the Coinbase wallet.

    The Coinbase Wallet is a self-custody wallet that gives users control of their crypto, allowing private keys to be stored directly on personal devices. The message for users is they are in complete control of their digital assets.

    Many of us are familiar with the refrain “not your keys, not your coins,” and the implication with that is—when an exchange or third party holds an individual’s crypto, that person relinquishes some control while taking on potential, avoidable risk.

    Avalaunch believes that having ownership and custody of one’s digital assets is an inalienable, self-evident right that is too often overlooked in a centralized world. We are happy to provide the popular option of the Coinbase wallet and look forward to future integrations.

  • Fief AMA #2 — Technical Deep Dive with 0xLongshanks & Galahad (Co-Founders)(Recap)

    On 3/11/2022 at 12:00 p.m. (PST), an AMA session was held on Avalaunch with special guests 0xLongshanks and Galahad, Fief Co-Founders. Below we present to you an excerpt from AMA with questions and answers.

    Dave Donnenfeld | Avalaunch

    Welcome to Part II of our AMAs with the Fief Guild. Today, we are joined by a couple of visionary, heavy-on-the-grey-matter, crypto savvy, blockchain tough gentlemen in @galahadfief and @longshanks0x. Welcome and good to have you both here. We appreciate the time with our community.

    Sir Galahad | Fief

    Splendid! Thanks!

    0xLongshanks | Fief

    Thanks for having us!

    Dave Donnenfeld | Avalaunch

    Our pleasure. Let’s get right into it. To kick-start why don’t we begin with the intros? Please, tell us a little bit about yourself, your background, and what led you to the crypto sphere as a whole?

    0xLongshanks | Fief

    I have a decade of experience in early stage venture creation and investments. Was naturally drawn to the excitement of the crypto industry and have held roles specifically within NFT industry since early 2018 as both an operator and investor across multiple entities, primarily within the Ethereum ecosystem. I am currently leading Guild and Game development at Fief.

    Sir Galahad | Fief

    Me … nutshell …. Decade of software engineering leadership, focused on financial markets and crypto. Veteran of several startups and household name Big Tech goliaths. Currently leading operations and overseeing protocol development at Fief.

    Dave Donnenfeld | Avalaunch

    NFTs since early 2018? That’s before anyone knew what the word fungible meant 😁

    Impressive as well. Well suited for a Guild.

    Can you tell us about your team? How big is the development team and are there plans for further expansion?

    0xLongshanks | Fief

    cryptokitties opened pandoras box 😉

    We have a team of more than 20 individuals currently across engineering, biz dev, marketing and art. We will continue to expand our team, especially as we ramp up our protocol development and continue to accelerate Blood and Coin, our internal guild game and the reason why we’re all here today.

    Dave Donnenfeld | Avalaunch

    I think this is a far bigger outfit than most people realize at first glance. It was a dozen when I first encountered you all but that was some time ago.

    which leads me to…How long has the development phase been going on for, and how many iterations did it take you before arriving at Fief as it’s known today?

    0xLongshanks | Fief

    Yeah we’re growing fast! Hiring actively so anyone interested in guilds and the metaverse, keep an eye out!

    as for the development question … Galahad and I have been discussing concepts around Fief for around a year and the guild has been in development since late last year. We’ve gone through a few iterations to reach the current version of Fief you see today, as we’ve increasingly embraced gaming systems versus traditional crypto or DeFi for our tokenomics.

    Dave Donnenfeld | Avalaunch

    Will keep that eye out. I’ve seen it continually evolving at a rapid pace even leading up to this offering. Well done. Can you give us a high-level overview of the features users are expected to find within the marketplace or any other element that makes Fief unique?

    0xLongshanks | Fief

    Sure — the Fief Marketplace is being designed to support both internal and external assets. We are entirely focused on internal assets (IGMs, Blood and Coin NFTs, etc.) to start and will eventually expand to whitelist select third-party projects.

    Over time, we hope to make the Fief Marketplace into the premier NFT gaming/GameFi marketplace on Avalanche and beyond. We aim to tailor the user and third-party project experience to best fit the emerging metaverse and how assets are used in-game.

    The Fief Marketplace launches in its initial form next week with the IGM sale and we’ll accelerate development on top of that moving forward.

    One very unique feature of the Fief Marketplace is the fee-share. Both primary and secondary sales have a fee share associated with them that is paid out to the Merchants, one of the five factions of Fief.

    Fees are funneled through our FIEF token via a buyback program we will be launching as soon as post WOOD IDO.

    So, you can see how engaging this can become at scale when we have our own game assets and those of third-party whitelisted partners driving transaction volume on a marketplace built on top of a low-fee network like Avalanche.

    Dave Donnenfeld | Avalaunch

    Can you comment on the Library architecture? Where does the information flow come from, and how does this whole Fief structure plug into the guild?

    0xLongshanks | Fief

    Great question, we’re very excited about the Library and what it can bring to the guild.

    The Fief Library is being built as a global codex for NFT gaming and GameFi. We totally appreciate how difficult it is to navigate this new industry and are hoping to build up the Library into a trusted source of information, including game guides, news and more.

    We want the Fief Library to be a no-cost on ramp for individuals to join the guild by contributing to content in return for NFTs that plug into the global fee flow. However, there is definitely a quality filter associated with the content we put out via the Library so potential creators need to bring their A game!

    GameFi + P2E Knowledge Base — The Fief Library

    Picking a hero in DeFiKingdoms is an in depth process that changes depending on your game involvement. This article…

    library.fief.finance

    Dave Donnenfeld | Avalaunch

    I encourage anyone to go through their Docs as they are hugely informative. It is remarkably well thought out and the complexity is not gratuitous in any way.

    Blood and Coin was recently introduced as the first guild game. Are we to expect future game developments or is this more like a stepping stone to forge the necessary relationships to increase the dynamic game environment available on the platform?

    0xLongshanks | Fief

    We are serious about building internal games and experiences that plug into our tokenomics and faction system. We are choosing to really lean into the lore-driven strategy economic game approach, as we see it as a fantastic fit for DeFi concepts and on-chain assets.

    With Blood and Coin, we are able to also build a substantial asset hierarchy that enables us to train all protocols that we develop for third-party asset integration.

    This is where the Fief Wood (WOOD) comes in, the token we have the exciting opportunity to release through Avalaunch. WOOD is 1 of 5 core Resources that will be essential in game actions performed in Blood and Coin.

    Users who hold at least 3000 WOOD when we launch Crafting in April (current goal) will be able to make some of the first Blood and Coin NFTs. These NFTs will be available to sell on any secondary marketplace and eventually directly through the Fief Marketplace.

    Once Fief is able to bring all the trading activity to our internal protocols, Blood and Coin will become a massive fee reward generator that will fuel our Faction reward system. So users who are participating in the Avalaunch IDO are among some of the first to engage in this exciting economic strategy game system.

    Dave Donnenfeld | Avalaunch

    Appreciate this very much. I think it’s challenging for users to see the full application of WOOD in terms of its utility and potential value as a resource. It really is plug and play, very much lowering the normal entry fees associated with successful games and guilds. Kudos for that.

    What parts of Fief live on-chain, and conversely, off-chain? Can you talk about the thinking around this and how the end result services the vision?

    0xLongshanks | Fief

    Yes WOOD is a fantastic on ramp to join into the guild. I measure guild membership as anyone who is able to participate in the global fee share and owning a future Blood and Coin NFT is a fantastic way to get started down that path. You can read more about these concepts, including building your Character, in our docs.

    Given that our IGMs are out of the price range for some users, we hope to create affordable means to join the guild and crafting into it via WOOD is a great way!

    We are taking a hybrid approach here to create an internal system that is capable of onboarding millions, as the technical barriers are still fairly high in web 3, especially for gamers.

    That being said, we will be utilizing a number of off-chain mechanics for Blood and Coin game actions with token output settlement on-chain. This means users will conduct their game actions off chain and mint the outputted fungible or NFT (depending on the action) to the Avalanche network.

    This will feed into our protocols, all of which will be on-chain so those who are more comfortable with DeFi and related systems can take things a step further.

    We believe this combo will result in a fantastic UX that welcomes all levels of guild members.

    Dave Donnenfeld | Avalaunch

    Which part of the development was the most challenging and how did this affect the vision of the project? Would any of the challenges have been eased if you were building on a different blockchain?

    0xLongshanks | Fief

    Great q …as with any new project or startup, getting all the necessary framework into place for future scalability is a challenge. This is especially the case for Fief as we hope to have substantial flexibility moving forward to integrate and launch new protocols & guild experiences. We have needed to be extra diligent in our early architecture decisions, especially given the fact that we hope to onboard third party projects & their assets across various protocols.

    Regarding blockchain decisions, not necessarily. It’s always easiest to build on Ethereum mainnet as it has the most tooling and established testnets, but c-chain being EVM compatible hasn’t made our lives too difficult!

    Dave Donnenfeld | Avalaunch

    Well stated. What has developing on Avalanche been like for you? What has been your impression of the developer community?

    0xLongshanks | Fief

    Developing on Avalanche has been a solid experience so far! The development community seems to be very well connected & helpful, and we’re excited to see the emergence of more NFT gaming on the network.

    What I think is equally important is the NFT/gaming community, which has been very strong despite its relative small size to date. We can tell that Ava Labs is serious about gaming and we’re excited to play a pivotal role in the network’s growth for this segment.

    Twitter Questions

    @avaxsummit who asks — 200 days after purchasing IGM NFT, FIEF will finish spreading, and then will we be able to continue the game without renewing the IGM NFT we purchased?

    0xLongshanks | Fief

    IGMs, which go on sale next week, output FIEF over 200 days. This reward is separate from any perks that the IGMs will give related to Blood and Coin, such as Faction NFT/Item drops and more.

    So after the 200 days, IGMs still have utility.

    A reminder: IGMs are different from Fief Wood. IGMs come at a lot higher price point and have different global utility within our ecosystem.

    As I mentioned before, owning WOOD is a fantastic way to get started in the guild without needing to buy in higher. So if you’re looking to try your hand at crafting while joining our discord to talk with other guild members, WOOD is a great option!

    @Cryptob11940274— Will the number of factions increase in number if the game is updated?

    0xLongshanks | Fief

    There is no current plan to increase the core faction numbers, as they connect to the broader guild economics.

    @Metetelli11 — Will a user be able to receive multiple and different IGM NFT’s? Also, after winning $FIEF with NFT’s in the long run, will we be able to sell them out of the game?

    0xLongshanks | Fief

    Yes, a user can purchase as many types of IGM NFTs as they would like. We have a limited supply of each faction/rarity combination so I would recommend reading our documentation prior to the IGM sale next week if you are interested in participating.

    Regarding the second part of that question, FIEF (which is our global guild utility token) is distributed directly from the IGMs for 200 days. These are fungible tokens on the Avalanche network so anyone who holds them can sell them on Trader Joe (there’s a ~$4M pool there)

    We will also be launching a pool for Fief Wood (WOOD), which again is entirely isolated to the Blood and Coin experience. We will also eventually release our own internal guild exchange where Resource tokens like WOOD can be traded actively with rewards going to our Bishop Faction.

    This may seem like a lot so really recommend reading our docs and joining our Discord to learn!

    @godisblockchain — Is $Wood token something that can be used in just one game or all of your games?

    0xLongshanks | Fief

    Fief Wood is specific to Blood and Coin. We haven’t announced any other games or related experiences as Blood and Coin will be our primary focus for the foreseeable future.

    @Jordan58016764 — How does WOOD work in the game…once I craft an item what does that do for me?

    0xLongshanks | Fief

    WOOD is a fungible ERC-20 token that can be used to craft Earthly Items. These Items can then be equipped by your Character to complete additional Game Actions, such as Resource Gathering or Crafting, or you can sell the Item on the open market as it is an NFT.

    Whenever you craft an Item with a Resource, such as WOOD, it will be totally consumed and removed from circulation. This acts as a massive deflationary mechanism to offset any Resource Gathering activity moving forward.

    So if everyone crafts items with their WOOD in April, the initial supply should drop greatly!

    Telegram Questions

    Savy

    What is your strongest advantage that you think will make your team leading the market?

    0xLongshanks | Fief

    We have a heavy focus on protocol development versus scholarship programs (which are often the focus of game guilds). This allows us to scale faster and focus on assets not logistics

    shoujia1023

    Your project name seems to be very interesting. Does it have any story behind it? Can you share us with the inspiron for approaching to this name?

    0xLongshanks | Fief

    Yes our name is based on the traditional concepts of Fief and Fiefdom, which is a play on the current state of the economic models in the metaverse.

    Smitty Werben Man Jensen | ZoanLab

    According to the roadmap, what is your most important next priority?

    0xLongshanks | Fief

    The release of the IGM NFTs next week!

    Lucius ( I won’t Dm first)

    Which market, partners and community are you presently focusing on collaborating with at the moment?

    0xLongshanks | Fief

    We are entirely focused on the Avalanche community and all of its users currently.

    Lovish Shahi| Avalaunch

    I guess we are done with all 🙂

    Congratulations and On behalf of us all, many thanks.

    On a final note — you have been an exceptional guest. Highly thoughtful answers and cleanly shared information. We’re happy to be hosting your IDO and wish you all the success we imagine you having. Very much appreciate your time today and look forward to your launch and beyond!

    0xLongshanks | Fief

    that should be 5! Great AMA, appreciate you all taking the time to learn and looking forward to having you all craft some wooden items with your WOOD!

  • Fief AMA #1 — Project Overview with Coop (Digital Marketing) (Recap)

    On 3/10/2022 at 12:00 p.m. (PST), an AMA session was held on Avalaunch with special guest Coop, Fief’s digital marketing lead. Below we present to you an excerpt from AMA with questions and answers.

    Dave Donnenfeld | Avalaunch

    Hello and welcome everyone to our AMA with Fief Guild. Avalaunch is exciting to be launching a guild project and this is certainly one of the more comprehensive and thought out projects you will encounter. Therefore, it is incumbent upon us to ask some questions, and there’s no one better to answer them than today’s guest, @coop_x Over a recovering e-commerce entrepreneur and digital market SME. Welcome Coop, good to have you here today.

    Coop | Fief

    Hey, thanks!

    Dave Donnenfeld | Avalaunch

    Our pleasure to have you…First thing first. Please tell us a little bit about yourself: who you are and how did you end up where you are today?

    Coop | Fief

    You sort of mentioned this but I’ve spent the last 10 years in digital marketing, for tech and then ecommerce. Ended up starting my own ecomm company in 2017.

    Also got into crypto around 2017, at first just holding ETH. When DeFi summer kicked off I got more involved, eventually found my way to Avalanche in 2021.

    I joined the Pangolin team and pretty quickly saw that GameFi and the Metaverse were going to be the next big thing.

    I’ve been a gamer my whole life. Playing starcraft, quake, GoldenEye, diablo, I think I played nearly every game in the 90s.

    Spent my teenage years in MMORPGs, thinking about getting my next tier piece in WoW instead of paying attention in high school.

    So when I met Longshanks and Gallahad, I realized I finally had an amazing opportunity to work in gaming and that the founders have incredible vision for the future of gaming, so I joined the team.

    Dave Donnenfeld | Avalaunch

    Some solid training grounds for your current line of work 😁

    Why focus on building a “guild” and how does this serve the vision of the project?

    Coop | Fief

    Good q, and yeah I’ve got tons of training lol.

    We set out to structure Fief as a guild in order to best onboard and serve gamers. We believe that NFT gaming and GameFi are markets that are just now getting started, and user onboarding from all walks of life will be essential moving forward.

    That means, we want to bring in everyone from traditional gamers (specifically focused on strategy gamers) to more crypto native users who will benefit from our decentralized protocols.

    With our guild approach, we have a lot of lateral flexibility to introduce value additive experiences to Fief. The first of which is Blood and Coin, our first internal strategy game that is built on top of our Guild Faction system.

    Dave Donnenfeld | Avalaunch

    Can you give us a higher-level overview of Fief structure? How does this structure support the economic gaming and the decentralized protocol concept aimed at fueling the metaverse asset utility?

    Coop | Fief

    Yeah, a a good way to understand the Fief structure is through the two types of assets we aim to integrate into our protocols:

    Internal Assets — These are assets created for the strategy games we develop internal to Fief, such as Blood and Coin. These assets serve as the bedrock by which transaction volume is generated, producing primary rewards for our guild members. Fief Wood is an example (the Avalaunch resource).

    External Assets — Third-party assets, including things like in-game currencies and related NFTs. These assets can be brought by users, guilds and metaverse projects to Fief to be used in our protocols. A clear-cut example is the Fief Marketplace, which will eventually whitelist metaverse projects to accept their assets.

    between these two we aim to create a productive internal economy, then take that over with third party assets.

    Dave Donnenfeld | Avalaunch

    With so many blockchain-driven guilds, gamefi and metaverses available in the space, how do you envision to keep these competitors at bay, what are the key factors that make Fief unique?

    Coop | Fief

    The emerging metaverse is bringing about a new wave of economic models that require a dedicated focus and expertise to navigate.

    The biggest difference for Fief as a guild, is that instead of running play-to-earn programs (“scholar” programs), we are focused on how the Fief protocols can directly plug into the economies of third-party projects. Following the initial phases focused entirely on internal guild activities and Fief: Blood and Coin, we will begin whitelisting projects and their assets to be used in our internal protocols.

    Coming back to the idea that we’re not just acquiring assets or working assets like traditional guilds, we’re building the protocols that third parties will use for all their GameFi needs over time.

    Dave Donnenfeld | Avalaunch

    As a guild aiming to create a central economy for all the various metaverses on an asset-basis, what are your plans for incentivising users to part-take in the economy?

    Coop | Fief

    We have introduced a five faction system internal to the guild, where each faction is segmented into specific metaverse asset categories.

    With this approach, users can align with the factions that fit their asset interests.

    As an example, if a user is bullish on metaverse NFTs and the growing transaction volume associated with them, they would join the Merchant Faction, which receives the bulk of the fee rewards from trading activity on the Fief Marketplace.

    It’s important to note that each Faction will also benefit from the internal game activity of Blood and Coin, providing two clear paths towards rewards over time.

    and that internal game again comes back to jumpstarting productivity before we move into third party assets.

    Dave Donnenfeld | Avalaunch

    and on a side note it is interesting that you are more resource/tool oriented than not. Removes a lot of the hiccups in managing humans 😁

    Coop | Fief

    Right, we see most traditional guilds at this point as extremely inefficient because they’re essentially managing a bunch of low cost employees. That is the opposite of what we want.

    Dave Donnenfeld | Avalaunch

    Can you explain the fee structure, in particular the Initial Guild Membership (IGM) concept?

    Coop | Fief

    Each Fief protocol (the marketplace for example) will fall within a specific faction: Merchant, Farmer, Craftsman, Alchemist and Bishop.

    Within each Faction will be a highly competitive, NFT-based weighted scoring system where users must collect internal Fief Faction NFTs (currently from Blood and Coin) to earn a portion of the fees generated by activities on each protocol.

    The more rare/higher the rating the NFTs a user collects, the more rewards they will receive over time. This is what is being fleshed out with the initial release of Blood and Coin, using our own internal game assets as a training ground for what will be a much more global system.

    In regards to the actual mechanisms of fee rewards, we leverage a Fief Token (FIEF) buyback and redistributed approach. This way, we are funneling all fee action through our core guild utility token. This utility token is primarily distributed (65% of the supply) by Initial Guild Membership (IGM) NFTs, which will be on sale starting next week (March 15th).

    IGMs will also feed into the weighted scoring system, so the more IGMs you hold of a particular faction, the more rewards you’ll receive from faction-based transaction fees.

    I think of the IGMs as your main ticket to guild membership, a huge chunk of our rewards will go back to these NFT holders over time.

    Dave Donnenfeld | Avalaunch

    And well done I must say. FIEF is the utility token behind the Fief guild. However its scope expands beyond that of mere utility and into a reward economy. Can you explain this structure to us, and how token holders will be able to derive utility and game access?

    Coop | Fief

    Like you said, the Fief Token (“FIEF”) is a utility and reward currency that ties into the productivity of Fief’s decentralized protocols. So FIEF is the main game currency for Fief: Blood and Coin, in addition to all future Fief game titles.

    As the primary game currency of Blood and Coin, FIEF will have substantial utility across all layers of game interaction.
    FIEF will be used for the following, all of which can be seen in our docs under game activity:

    Resource Gathering — FIEF must be staked to gather resources in Blood and Coin. All staked Fief will be consumed in order to claim the desired resources.

    Item Crafting — a FIEF fee is required to craft an item. The more FIEF paid, the faster an item is crafted.

    Item Conjuring — a FIEF fee is required to conjure an item. The more FIEF paid, the faster an item is conjured.

    Importing / Exporting — FIEF must be staked to accrue resources or items from import/export activity. All staked Fief will be consumed in order to claim the desired resources.

    Taxing — FIEF must be staked in order to earn a portion of the global fees generated from all factions.

    and we should probably take this chance to say that FIEF is NOT the token being launched with Avalaunch, that’s $WOOD and it’s the main resource token for the beginnings of Blood and Coin :).

    Dave Donnenfeld | Avalaunch

    Can you expound on the strategic positioning of Blood and Coin — Fief’s first guild game and how it aims to achieve the guild objectives?

    Coop | Fief

    Fief: Blood and Coin was designed to achieve the following guild objectives:

    Productive State
    Faction Balance
    Protocol Refinement
    FIEF Utility
    IGM Rewards

    Let me expand on these in a second.

    Productive State — Transform the guild’s economy into a self-sufficient system where primary reward generation can be achieved through our own actions, reducing the reliance on third party projects and shielding us from macro trends.

    Faction Balance — Full scale protocol development for implementation with third-party assets will take significant time. This will result in some factions seeing their protocols or sources of reward generation come online before others, resulting in the potential for serious reward imbalances. Through Blood and Coin, each faction will have equal access to rewards with the ability for the Fief team to adjust meta to further balance when needed.

    Protocol Refinement — With an internal abundance of assets and user interactions, we are better able to refine the protocols we are developing for application to integrated third-party assets.

    FIEF Utility — Each layer of interaction in Blood and Coin will require FIEF. Through this baseline utility, the guild can establish immediate demand and sinks for FIEF.

    IGM Rewards — With a focus on internal faction productivity, the guild is able to reward IGM holders with periodic drops of first-party faction assets, including fungible resources and NFT items.

    It’s really an amazing tool to kickstart everything the guild aims to be for NFT gaming.

    Dave Donnenfeld | Avalaunch

    The Productive State is impressive as you don’t hear of guilds achieving any real level of autonomy.

    In its simplistic form, Fief can be divided into three main phases: guild, core protocols/games and the metaverse. What metrics will you use to measure this success?

    Coop | Fief

    Largely two main metrics, but outside of this there is a lot of narrative that you need to keep an eye on that isn’t just metric based.

    User count — how many users are participating in our guild and hold our assets (FIEF, Blood and Coin assets, IGMs, etc.)

    Transaction Volume — how much capital is being moved throughout the guild and its various protocols, as this will be the main driver of reward generation for guild members.

    Dave Donnenfeld | Avalaunch

    I’m sure this will come up again with our community but…What can you tell us about the future of Fief? Are there any collaborations or alliances that you are able to share with us?

    Coop | Fief

    We are pushing hard currently on two major fronts:

    Delivering the initial mechanisms and reward generating experiences for each of the five Fief Factions.

    Establishing collaborations across the Avalanche ecosystem with third-party metaverse projects, to not only support the growth of the larger community but to begin setting the stage for the integration of third-party assets into the guild.

    We’re already deeply engrained in the Avalanche gamefi ecosystem between our connections from our previous work and the excitement that Fief has driven already. We’re set up nicely to execute on both of these fronts.

    Dave Donnenfeld | Avalaunch

    Appreciate that. And our final question before we move on to the Twitter portion of the program — What part of the Fief ecosystem are you particularly excited about? Are there any features that you think have the most potential?

    Coop | Fief

    For me it’s actually the first protocol we’re launching, the marketplace. If you look at NFT marketplaces now, they’re all focused on PFP and art, they provide very little value on the GameFi and metaverse asset front.

    There is so much to learn about a gamefi asset before making a purchase, simply showing its picture is not going to cut it.

    I know when I’ve looked at recent tokenomics games on Avalanche it’s a huge learning process to figure out what you’re buying and why. The resources are split all over the place. I think of our marketplace as the one stop to figure it all out and make a purchase.

    And secondarily, the Fief Library is kind of my baby. Love how active people are in posting great guides and info.

    Twitter Questions

    @Ahmetogrtm asks — Did you consider community feedback/requests during the creation of your product in order to expand on fresh ideas for your project?

    Coop | Fief

    Absolutely. We have a suggestions channel in Discord that has been hugely helpful. We believe in taking feedback and moving quickly, which many have likely noticed with our changes in strategy up to our launch.

    I think it’s most important when it comes to what all we do with the community. The library itself really came from community feedback.

    @Bambang97516553 somewhat vaguely inquires — What is the current development of your project in terms of NFT?

    Coop | Fief

    The NFTs and marketplace are in user testing now, we’re essentially ready to go but wanted to wait out this week to launch with the macro environment being what it is.

    @ANDRIAN240900 wants to know — Can you be more specific about the tasks the user has to do? How much does the user earn for each task and do you plan to pay with your token or will it be another token?

    Coop | Fief

    oh I have a great table for this, one min

    This is every action a user will take in the game depending on which Faction they align with.

    There’s a lot in there, but that’s what we aim to be for GameFi assets, nearly everything they need to make smart decisions, trade, optimize yield, all of it built for gamers.

    and for anyone thinking “where are all these games that you’ll be building for” they’re coming. Between recent announcement and Avalanche summit, pretty soon AVAX will be a gaming powerhouse.

    @AmaPemburu — Can you tell us about your current partners in the ecosystem and your plans for additional partnerships?

    Coop | Fief

    Partners is a pretty loose term in crypto so idk who to include and who not to honestly.

    We’ve worked with nearly every game on Avalanche already in some capacity, from co-marketing to guides. We haven’t asked much of them yet, drops for our guild members, but we’re building these relationships in prep for our protocol launches.

    We’ve also taken NFT pre-purchases from most major protocols across Avalanche.

    @DhoniMeiu — I’m just an investor but not a gamer, how can I benefit from this IDO since $WOOD is just an in-game resource with uncapped supply?

    Coop | Fief

    Early on, $WOOD might be scarce due to the fact that only Farmers can actually create it. So there may be a trading opportunity.

    But honestly, If you don’t want to participate in the game I don’t think it’s really for you. This is not the core asset of FIEF for speculating on.

    Telegram Questions

    Verna Hayden

    Do you guys feel satisfied by seeing your progresses and achievements till now, when you look back to the day when you have started this project?

    Coop | Fief

    I like this one.

    Yeah, we’re very satisfied. Especially on the pivots and innovations we’ve introduced along the way. I think to Dave’s point, we’ve adjusted a lot in a short period of time and each adjustment has put us into a better position.

    This space is not for the slow or feint of heart.

    Delaine Cason

    What is the most ambitious goal of your project? Could share with us any Upcoming Updates?

    Coop | Fief

    I think our overall goal is super ambitious. The be THE platform to do anything with gamefi and metaverse assets, buy, trade, loan, stake, anything you need in the metaverse economy.

    Rosina | Will Not DM First

    Do you have any plans to attract non-crypto investors to join your project? Because the success of a project attracts more investors who haven’t yet entered the crypto world. What are the plans to raise awareness about your project in the non-crypto space.

    Coop | Fief

    This one is a really important part of why we see GameFi and the Metaverse as onboarding the next billion users.

    We ourselves are focusing on making protocols that are built for gamers, which in some way means making it easy. But we also are extremely keen to find and partner with the games that will do this for us.

    We believe a handful or maybe many games will do this, and we want to be their number one partner.

    Mariam Womack

    Do you have Whitepaper if yes, please share it with as secondly do you have plans for pre-sale? Now where can we Join it?

    Coop | Fief

    Our docs are great: https://docs.fief.finance/ and it’s really important that people actually read them for our project. This isn’t a fork that you can just grasp in a quick look, it takes some time.

    ah I think the second part said something like We launched $FIEF with Rocket Joe, so we’re whitelisted there and you can buy FIEF there.

    VL0NE DESIGN Wood

    Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term.

    Coop | Fief

    this is another good one as the marketer It always feels important.

    There’s a really awesome part to Fief in that a lot of our growth is going to be built off helping games grow and building up our network. We give games some marketing, a place to host guides, and for their assets. In exchange, they direct their players to us.

    This is a key that most guilds ignore by focusing on one single game. They aren’t able to continually build on that community.

    By avoiding the scholarship model, we’ll be able to network with significantly more projects to build both ourselves and those games.

    Dave Donnenfeld | Avalaunch

    Coop it has been a pleasure having you here today. Look forward to you all continuing to evolve the ever evolving organism that is Fief and achieving great success with it. Appreciate your time here today and on behalf of our community, many thanks.

    Coop | Fief

    whew, what an AMA

    Thanks for having me everyone.