IguVerse Whitepaper
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Economic sustainability
Economic sustainability is a very important issue in every Play to Earn project. Every game at some point will reach the plateau of user number growth and need to reevaluate the game economy.
The economics of the platform will be maintained by:
  • Attracting a wide audience of users: IguVerse game mechanic involves sharing on social media. Socialize to Earn is the main play task where users have to share small images of their pets attached to social media content. This game will spread fast and create a viral effect and attract a lot of new players, as we are planning to run big influencers campaign at the game launch. Social media is the biggest blockchain trend of 2022: Instagram, Facebook, and Reddit are integrating native NFT support into their platforms. IguVerse will be the first blockchain game that is able to use this functionality as a core game mechanic.
  • Pool model: When IguVerse will experience decline in users, we will change the game model to the Pool model. The incoming money from NFT mints will be added to the pool reward (daily) and will be distributed between existing players according to their overall share of the entire system. This model will decrease users' rewards and make it unpredictable, but 100% sustainable.
  • Rating system: We will introduce a lot of security and verifications mechanisms. Our system will punish users who are trying to exploit the system, not completing social tasks correctly, or using fake social media accounts. Conversely, we will boost users who are using their real social media accounts with a big audience - these players will bring us more users, therefore they will earn more.
  • Zero-sum model: In later stages, we will introduce the Zero-sum game model. Every user will pay a ticket in tokens to compete for the rewards. Not everyone will win, and we will charge a fee from every ticket. The prize from the pool will be distributed to a certain amount of users. This model is 100% sustainable and will give users high rewards, but it requires us to have a big existing user base.
  • Constantly adding new game mechanics and customizations: To create additional demand for in-game currency (tokens), users will have an opportunity to improve their assets, participate in competitions, or customize their pet NFTs with different accessories and items.
  • Adding new applications and mini-games: Users will be able to use their earned digital assets in various applications on the platform. This mechanic will enable economic sustainability through demand from existing users and reduced dependence on new entrants to the ecosystem.
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