Can currency games make money? GameFi currency travel notes

At present, the actual time to invest in the currency game is one month. From Axie Infinity, which almost gave up after paying a lot of tuition fees, to the second BNB Heroes, and missing CryptoMines and Cyborg, I have compiled some reference materials. Those who invest in currency games can do some reference. Hereinafter, Axie Infitity is referred to as Axie, and BNB Heroes is referred to as BH.

Recognize coin-based or U-based games

The so-called currency-based game means that the initial investment cost of the game is the same at the moment of investment. Why is it now? Because there will be a foreign exchange difference later 🤣🤣 will give an example below.

Take the two games that I put into the currency standard and the non-currency standard as an example:

AXIE invests in ETH. The initial team is to go to the market and pick three AXIEs to form a team, each of which is priced in ETH, which means that the amount you invest is the sum of the three prices. As for the currency that can be earned in the game, it is called SLP, which is the currency issued by the game company itself.

BH is invested in BNB, but it starts to be converted into BNBH coins used in the game. The characteristics of the currency standard allow you to exchange BNBH for 0.3BNB in the first blind box. No matter what the price of BNB is today, the starting blind box The cost is 0.3BNB.

 Example: If 1BNB=100BNBH (current price of BNB/current price of BNBH) at the beginning, the amount of the blind box is 30BNBH
After one hour, the fluctuation may become 1BNB=80BNBH, then the blind box is 24BNBH

So the price paid by BNBH is always floating. If you buy early and use late , you will have the opportunity to obtain more resources, but at the same time, you will lose the opportunity to obtain resources at the beginning. This is a personal choice. The concept of U standard is similar, except that the unit is converted into USDT currency.

What chain is the game on? How to exchange? What coin does the game company issue?

Most of the early games were built on ETH (ERC-20), but due to the popularity of the ETH chain, the Gas Fee could not go back (Axie spent 100 US dollars to refuel before starting to play), so other chain games started one after another. It is sprouted on chains such as BSC/BEP-2/SOL. It is believed that platforms such as Polygon/CRO have begun to issue their own currencies. Sooner or later, there will be game companies developing chain games on these chains.

At present, in BSC/BEP20 chain games, most of the platforms for initial exchange of game currency are through Pancake Swap and Poocoin . So when a game is just starting, it is very important to prepare the payment currency corresponding to the game. At present, there are many platforms to buy frauds. If you want to save the handling fee, it is the most direct to buy coins directly on Binance (click to register to reduce the handling fee), and it is also very convenient to transfer to Metamask. However, because Binance is very good at picking cards , it is recommended that you ask your card-issuing bank if the card-issuing bank has the function of swiping to buy coins before investing in coins. Otherwise, C2C will be considered if the card is refunded (it will be frozen for 24 hours)

At present, what AXIE can earn is SLP/AXS. SLP can be earned through the game. Because AXS is used to generate new NFTs, it is sold independently and cannot be obtained from the game, so the price of AXIE can continue to be maintained at a certain level. , because the selling price is ETH, and there is a cost of investing in AXS. The causality of this price movement is discussed next.

BNBH issued by BH is the currency value for in-game purchase of blind boxes/payment of upgrade fees/market transactions.

Is the game stable? What indicators can be referenced?

Liquidity pool/Reward Pool

To be realistic, game companies are definitely not releasing games for charity. The essence of business is profit, so why can players make money while playing? Because there is a bonus pool behind it. If the prize pool collapses, the game company won't be able to pay! ! !

How does the prize pool accumulate? Can I refer to these data?

Slippery rate Literally translated slip rate is the concept that you will be taxed when exchanging virtual currency. For example, the default slip rate of BH exchange currency is 12% or above, which means that you can exchange games for 1BNB at the beginning. At that time, the corresponding exchange rate was 100BNBH, and the actual receipt was 88BNBH. In the same way, if BNBH is to be exchanged for BNB, it is the same 12%. If the game is very popular, it may be 13%/14% or even more than can be exchanged.

Gas fee/Burned Rate

At present, AXIE game execution itself does not require gas fee, because a lot of money has been paid before purchase , and many currency games executed by APP do not need gas fee. BH will pay gas fee every time it performs a task, so these gas fees are Burn part of it. If you are a person who cares about Gas Fee, it is recommended not to invest in GameFi, because even if Gas Fee is paid, the transaction may fail due to various situations. It is better to start with such psychological construction.

Why is Burned rate important? Because if a currency has an unlimited supply, unless the game company modifies the game content production requirements (such as AXIE's breeding requirements), the characteristics after the oversupply will begin to bubble. So it is very important to have the mechanism of Burn. Take the MOBA Game of Thetan arena just released the day before yesterday as an example.

The currency transfer mechanism of the game is based on the rarity level of NFT. Common/Epic/Legendary has 16 fixed chances of earning coins. Winning is about 6/1X/2X (THC) respectively. Although there is a daily upper limit, game players Unlimited means unlimited issuance, so the price of THC has changed from 1.2 to 0.55 in just two days... Then his lock-up mechanism is 750THC that can be withdrawn. At present, Legendary can get more than 300 THC a day without any accident. , for players who buy or draw Common and can't get up to 750, they can only watch the price collapse.

Game companies can stabilize currency prices by creating demand and reducing production capacity. Taking AXIE as an example is the breeding demand of AXS, and there are also large studios that lower the daily SLP limit, add zero income below MMR800, and catch multiple accounts. Since there are still a lot of players, the price of SLP is about 0.6 from the highest point of 1.7, while AXS can maintain a good price.

Withdrawal tax/lockup interval

Both of these can be regarded as a method of cash flow rollover, just like it takes at least seven years for the insurance company to sell your 2% savings insurance to pay back the cost. As mentioned above, if the prize pool is emptied in an instant, then the game The company will not be able to give out rewards.

Each game will have an expiration date for the lockup. For example, AXIE is 14 days. Before 14 days, the claim will be grayed out in principle. The calculation starts from the first time you earn coins.

BH is 48H+10D, what is 10D used for? That is, after 48H, it will decrease by 2% day by day, which means that you will get a 20% tax if you play in 48H. Other pledges such as OSMOSIS's remove liquidty have the same 1/7/14 days. Again, game companies are not charities. Regardless of the game company's vicious takeover, in principle, it can be obtained.

What is IDO? Why do a bunch of people give you IDO links?

Most of the income of the game company at the beginning of the operation comes from the pre-sale blind boxes and the capital investment of IDO. IDO is also called the whitelist, which is the first-order right of the game's initial issuance. Most of the requirements are to track the game company. Twitter/Discord/Telegram, and then invite friends to join Discord to accumulate points. When the time is up, a whitelist will be drawn according to the weight of points. The advantage for game companies is that they can estimate the scale of players invested. In the early days, the currency rights were of course extremely high exchange rates. If you want to find objects, you can go to Gleam to see them. At present, those who have the opportunity to enter the whitelist usually have a large degree of advantage, whether it is the exchange rate difference or the speed of earning coins.

Is it better to hold coins or earn coins?

The concept of this question is like investing in TESLA stock or going to work in TESLA which is better!

Is it better to go to work in TESLA or to buy TESLA stock? In fact, both are good, but the scale is different. There are also thresholds for going to work, the basic conditions and time costs of investment. There is capital invested directly in stock subscription. At present, except for the vicious evaporation, there is room for profit. Personally, I started by earning coins. It all depends on your financial ability. Whether the earned virtual currency should be reinvested or withdrawn is also everyone's choice.

Are you playing games or investing?

Citing the above example, people who buy TESLA stock have different expectations than those who go to work in TESLA. The greater the capital, the higher the leverage ratio. GameFi itself is supported by DeFi, and games cannot survive without an economy. Earning and losing money in investment and financial management is a basic psychological construction. Most of the NFTs in the game are blinded because there is profit space. Your purpose in the first place determines how you look at it.

 If you are here to play the game, winning or losing money in the game is the added value. If you are here to earn coins, the fun of the game is the added value. Are there games that do both? Have! But you have to find your preference yourself.

Game type, how does APP connect to the wallet

At present, there are many types of games, some are APP, some are WEB, I haven't tried it on Android, and the current APP games in iOS are all directly linked to Metamask by email account through the game company's website. Therefore, when executing the APP, as long as SYNC can synchronize the NFT purchased in the game Marketplace. As for the web version of the browser that can directly open Metamask, you can directly execute currency games on Metamask. It is necessary to connect the wallet, because the wallet holds the currency and can start playing games, and the withdrawal will also go directly into the wallet.

Watch out for pirated games and fake websites

Unlike normal console or computer games, there are a lot of plagiarism and counterfeit goods. For example, the two I currently play have counterfeit goods. Recently, BXIE Infinity has just opened airdrops, and BnB heroes also have pirated CZHeroes, and then the currency exchange website There are also fakes, so be sure to double-check before exchanging coins. The small thing is that the money is eaten, and the wallet is directly robbed by accidentally entering the annotation word in the big thing.

 Conclusion: Biyou financial management can make or lose money. Please read the white paper of the game carefully before you start throwing money. Game companies are not charitable units. The conclusions drawn may not be applicable to every currency game. If you think of anything that I haven't written yet, please leave a message and tell me, thank you! !