Mononoke-Inu: A community project inspired by adventure games
GameFi, a blockchain-powered union of gaming and finance, has changed the horizons of online gambling with the introduction of “Play-to-Earn (P2E)”. While conventional games have allowed participants to collect and trade digital assets for decades, they could lose their investment at any time if the gaming platform shut down the game. A “GameFi” compatible game, on the other hand , helps gamers keep their reserved assets on a distributed network. These assets operate independently of any single organization, reducing risk to digital assets.
Usually, a crypto-enabled GameFi project has a primary token and a secondary token. The primary token has a fixed supply with dynamic issuance, which makes them ideal for use as in-game currency. However, they do not serve an important and increasingly important function of interoperability. Interoperability is the key feature that will drive mass adoption in the metaverse.
In the real world, as we move to different places, our identity also moves with us. This continuity should also be present in the metaverse and projects like Mononoke-Inu solve the problem with secondary tokens. The presence of a secondary token helps a project’s primary token stay locked into the ecosystem. To withdraw game winnings and reap the benefits of staking rewards, a secondary token can be used. Additionally, different game titles from the same developer can use the same secondary token.
Mononoke-Inu is a community project inspired by adventure games. Their 2D scrolling adventure game has P2E functionality enabled to encourage participation, by giving financial incentives to players. Players can win in many ways, including completing levels, defeating bosses, and collecting in-game bonuses. Additionally, daily competitions will be held to motivate the best players in the ecosystem.
Mononoke Inu will be the primary token in this game while Fortune will act as the secondary token. This is similar to the popular P2E action role-playing game Project SEED where the SHILL token is the primary token and the Outland Odyssey (02) token acts as a secondary token. The O2 Token is the interoperability agent across Metaverse while having multiple use cases in-game. Similarly, the Fortune Token will also be used as a way to connect to other projects, redeem earnings real-money play, item upgrades, staking rewards, and more. Fortune Tokens will be distributed to players based on proof of play and upon game launch, based on the Mononoke-Inu staking mechanism. NFT typing can be performed by both primary and secondary project parts, as can item enhancements.
Fortune’s tokenomics differ from Mononoke-Inu’s because Fortune will have an uncapped supply. Tokenomics in Fortune includes a 2.5% tax on redemptions and LPs for Mononoke-Inu. As a result of this policy, the volume generated at Fortune will increase and stabilize the price of Mononoke-Inu. Thus, Mononoke-Inu will always be the main player, with Fortune playing a supporting but essential role, both for game funding and interoperability.
Disclaimer: This is a paid publication and should not be considered news or advice.