PlaytoEarn Daily hosts CryptoSteam: #NFTs #CryptoSteam #Metaverse #P2EDaily #P2E
P2E Daily Admin: Hello and welcome, how are you today?
Ivy: Very happy.
P2E Daily Admin: Happy to hear! Ready to start our AMA?
Q1: Now to start the AMA, can you tell us about CryptoSteam and DeDragon? Where did the idea for this project come from?
Ivy: CryptoSteam is a decentralized, blockchain, game-publishing platform founded by Aaron Pulkka, former vice president of Activision Blizzard.
Traditional game publishing platforms such as the Steam and Epic stores, currently do not allow blockchain games. These centralized platforms operate on a business model that is very old-fashioned. These “walled gardens” also require game developers to make separate deals with these platforms and sometimes require exclusivity rights in order to give market share advantages to that publishing platform – none of which really benefits the average game player who just wants to play the game.
This traditional game publishing platform can not service the needs and players of blockchain games – that’s we created CryptoSteam!
CryptoSteam uses governance tokens and NFT to created a shared foundational economic model for all of it’s games. Through the DAO organization, independent game developers and players become the managers of cryptosteam. The entire platform is decentralized, while providing bookkeeping infrastructure for all revenues. The platform’s gameFi2.0 economic model is stable. The goal of CryptoSteam is to become the foundational infrastructure provider of the meta-universe, as well as a bridge to connect the various meta-universes.
DeDragon is the first gamefi 2.0 game to be released by CryptoSteam!
Q2: CryptoSteam sounds a bit similar to gala, which has been on fire recently. What is the difference?
Ivy: Yes, we and gala are positioned as chain game publishing platforms, however, the economic and business models are quite different.
Gala’s economic model is to sell nodes and invite friends – Very simple. From our point of view, their deflation mechanism has weaknesses which will make Gala’s economic model unsustainable in the future.
Crypto Steam’s economic model solves this and much more! We are the right combination of “play to earn” + Defi2.0. We draw on the economic model of Olympus. All of the income of the platform, including the sale of game NFT assets, transaction market fees, and in-game, consumed tokens, go to the DAO treasury. The treasury is controlled by agreement. When the governance token is lower than the set price, the treasury will begin repurchasing. Through the bond mechanism, the liquidity of the governance token will be repurchased from the market to maintain the stability of the token price.
At the same time, in deDragon’s “play to earn” mechanisms, players develop, fight, and upgrade their NFTs to increase computing power, and then pledge to obtain governance tokens to empower the game’s NFT and increase value. Each game also has its own separate in-game token.
This is the concept of gamefi2.0, “play to earn” + Defi2.0
Q3: Defi 2.0 + GameFi, it sounds a bit complicated, can you explain it to us?
Ivy: Simply put, all revenue of the platform enters the treasury pool controlled by the contract agreement, and we begin repurchasing when the currency price is less than 1 U.S. dollar.
Through the bond model, the liquidity that is in the possession of the users is repurchased to maintain transaction depth, and the repurchased LP also enters the national treasury.
Due to the additional issuance mechanism of defi2.0, those who pledge governance tokens will get additional issuance income, so APY can reach more than 1000%, supported by funds from the national treasury, so that even if the currency price drops by 90%, it is still profitable. It is the (3, 3) theory in game theory. And every game on the platform will contribute to the treasury. We know that the combination of GameFi+DeFi2.0 has greater ability to maximize the upside potential than a single DeFi2.0 model.
Q4: What is the empowerment of the circulating tokens in DeDragon? Will the economic model be single token or multiple tokens?
Ivy: Our system is a dual token model – governance tokens and circulation tokens. The governance token is the governance token of the entire Cryptosteam platform, which will run through every game on the platform. Things like, DeDragon card breeding will also consume platform coins.
Circulation tokens are in-game currency and used for in-game transactions. The acts of buying land and farms in Dedragon, opening treasure chests, upgrading, and breeding will all consume circulating tokens.
Staking NFTs in the game will also produce circulation tokens. This is “Play to earn”, and you will find that governance tokens and circulation tokens have a positive relationship, that is to say, when governance tokens rise, the consumption demand of circulation tokens will also increase. Therefore, players are welcome to “play to earn” in our game. Playing games and getting circulating tokens can be converted into income!
Q5: Will the money from the preliminary financing go to the national treasury? How to balance the interests of investors and retail investors?
Ivy: No, the money from the initial financing is used for product research and development. Starting from the sale of NFT, those proceeds will go to the DAO treasury.
Staking governance tokens + NFT computing power weight combination staking to obtain additional governance tokens. Since the price of tokens purchased by investors is cheap, which is unfair to retail investors, the algorithm for staking tokens will provide discounts investors. For example, if an investor buys 0.1 US dollars and the ido is 1 US dollars, then the investor’s pledged token amount must be divided by 10. (Because of the contract agreement).
Q6: Let’s talk about marketing plan, partnerships & influencers that you are collaborating with.
Ivy: We will conduct the first internal test within this week. If you want to participate in the first internal test, you can follow Twitter and check the specific details. Our capitalists include Dragonfly, EVG, Animoca, ChainCapital, GameMineCapital~ We will interact with the capital in later links~
Q7: What are the project goals? Can you share with us your roadmap in the next 6 months?
Ivy: The official website has our detailed event plan, here I will take a screenshot to show you our plan (please check the official website for details)
Q8: Where can we find out more about CryptoSteam and DeDragon on social media?
Ivy: The list of all our social media is as follows: Website: http://cryptosteam.com/ Twitter: https://twitter.com/DedragonWorld Gitbook: https://degdragon.gitbook.io/dedragon/ Telegram: https://t.me/dedragon_cryptosteam Discord: https://discord.gg/hVyT3CD946 E-mail: firstname.lastname@example.org
P2E Daily Admin: With this, we are now at the end of our AMA session with CryptoSteam.
Time for wrapping up, any last words you would like to say to our community?
Ivy: Thank you all, thanks to the community.
P2E Daily Admin: Thank you so much for spending time with our community & all the very best for CryptoSteam.