1. New 40 Forest Land Giveaway event — 3rd series
Our ongoing 3rd series of the Forest land giveaway is going to conclude next Monday (13 June). NFT Castle owners without land can visit the link to participate in the giveaway. 20 winners will get two forest lands each.
Just complete the simple 3 steps in this Gleam link.
2. Castle Manager 2022 is released!
Castle Manager 2022 is our latest edition of the castle management system for NFT Castle sponsors. Sponsors can view and manage their castles, players, lands and other Pocket Arena digital assets efficiently. Soon, more functions and features will be added to make your lives easier.
3. Castle Town will embrace brands!
Emoji Games as a leading gamification platform provider for brands (www.brandedminigames.com), we have been working with hundreds of international brands (still today). Based on our immense gaming assets, expertise and brand relationships built over many years, we will be bringing our brand’s customers into Castle Town (specifically into the Brand Zone as a Pocket Metaverse). More exciting stuff to be revealed soon!
4. Going back to Fundamentals
The recent article “100% on-chain games are not the best way forward” by our CEO Hyong Kim of Emoji Games has been picked and posted at Hackernoon. https://hackernoon.com/100percent-on-chain-games-are-not-the-best-way-forward
5. Two new Hall of Fame winners
We are proud to announce our two Hall of Famers for May and June 2022. Sisiw, from the PH Prodigy guild, is our first female Hall of Fame winner, for the 01 June — 06 June 2022, Kingship and prior to that we had Tsiken from the Gryphnos guild as the 6th Hall of Fame winner.
Join our community
We have a tight-knit community of gamers on Twitter, Facebook, TikTok, Telegram and Discord. Follow us to stay updated and informed with our latest and upcoming activities.
Twitter : https://twitter.com/pocketarena
Warning: Please beware of fake or duplicate social accounts claiming to be Pocket Arena. We found out about a fake Facebook page of Pocket Arena. The only official legit page is https://www.facebook.com/PocketArena
All our official channels are listed here and also on https://linktr.ee/PocketArena
Pocket Arena as a Play-To- Earn #NFT Esports platform aims to fundamentally increase the accessibility and usability of Esports gaming services and provide users with a virtual social life experience within NFT Castle Town. We have discovered that the combination of esports with the metaverse offers quite a number of advantages and rich experiences to our users.
In case you didn’t know, #PocketArena Team which has been a leader in brand gamification in the last 7 years before we jumped into blockchain gaming, developed many casual games (over 80+) for many brands. These games are all in-house developed and all IPs are owned by Pocket Arena Team. We are now utilising our immense gaming assets for Pocket Arena, specifically in Castle Town.
In Castle Town, there will be various buildings such as City Hall, Pharmacy, Police, Restaurants, Cafe, Arcade etc that will be coming into being as the core elements of NFT Castle Town.
This Arcade Building will be the central hub for all casual games where any user can enjoy Esports against other players.
Even in other castle buildings, there will be various gamification and XP earning/burning mechanisms using Emoji Avatars. Here you will need to use Emoji Avatar in order to participate in the Casual Esports. Either you can own yours or rent from other people. If you rent an Avatar from other users, you just need to share XP profits by 20% with the owner.
For example, this Super Pill game will be customised with your Emoji Avatar. You can check how this Emoji Game will be created by using our games studio easily.
40 Forest Land Giveaway
Giveaway link here: https://gleam.io/9jb5w/pocket-arenas-forest-land-giveaway-v1
Rule Breakers got banned!
We at Pocket Arena are constantly on the lookout for suspicious activities occurring in the Pocket Arena ecosystem. Rule breakers such as multi account players, bot/macro players, cheaters have been manipulating battles, discouraging and taking advantage of other honest players.
To give a perspective to all our stakeholders involved, we have a total of over 85,000 PA signed-up accounts which are verified. Over the last one week we have detected over 1600 accounts to be malicious and we have already taken steps and have banned them.
Also we managed to block most macro used battles which resulted in the Public Pool significantly lower than before. Now, we have a higher attack success rate after the marco players have been blocked. Honest skilled players will win and earn the most!
Sneak Peak into NFT Castle Town
Our team has been really busy and equally productive over the last weeks. Our development squad have now presented the chat feature which will be integrated into NFT Castel Town. This feature will be accessible via NFT Emoji Avatars and will allow users to chat with each other. The preview screenshot above shows the chat feature in action. The first debut of Castle Town may be in Q3 2022!
Spectator mode coming soon
In yet another development update announcement, we are glad to present the “Spectator Mode” which will be coming very soon to Castle Defense. Spectator mode will allow users to watch a replay of the recent battle they have been engaged with. Apart from watching a rerun of the battle the Spectator Mode will also assist users to fine tune their attack strategies and help them win battles.
At the same time, we are gearing up for Esports Broadcasting to pick the most exciting battles for broadcasting on a daily basis.
We are still looking for the eligible esports broadcasters who could work with the Pocket Arena team. Are you interested? Please email to firstname.lastname@example.org
Full announcement here: https://twitter.com/pocketarena/status/1524298626259992577/photo/1
Update in the tXP to bPOC process
There is an update in the tXP to bPOC conversion process. A maximum of 55,555 POC per day can be exchanged and only accumulated POC (38 POC/minute) can be exchanged. In addition to this only a certain threshold can be exchanged at a time (subject to change).The exchange button will also disappear then reappear after a time interval of 10 mins.
Full announcement here:
3rd/4th Hall of Fame winners are here!
We are proud to announce that MattX from the Gryphons Guild is the 3rd Hall of Fame winner of NFT Castle Defense.
PA TikTok is open and follow us!
We are glad to announce that we have expanded our social media presence to TikTok, where we will be sharing exciting content. Do follow us to know more about Pocket Arena and other developments.
Follow us on TikTok: https://www.tiktok.com/@pocketarena
In 2017, when my company Emoji Games decided to jump into blockchain gaming, I had to find a good answer to justify my decision to drive my whole team into this unexplored new path, leaving my 15-year legacy in the traditional gaming industry behind. At that time, I found the statement below as the answer to the question, “Why blockchain gaming?’
“Digital gaming assets ownership and its transparent trading among P2P”
As of April 2022, we witnessed that the NFT gaming or Gamfi or blockchain Play2Earn gaming market (whatever you name it) has grown so much since last year. It tells me that my decision in 2017 was the right one.
But one still wonders -What makes this blockchain gaming/Play2Earn sustainable?
Bottom-line Issues for today’s Esports P2E NFT mobile gaming platform
Regardless of blockchain gaming or non-blockchain gaming, building a sustainable esports platform requires fair gaming rules and their enforcement to get credits from the users and to be able to give out fair prizes to winners. That means centralized governance is necessary to implement and enforce fair gaming rules.
Commonly, any player can use their most mean tactics in order to win the game and some prizes. The worst scenario happens when the developer manipulates the scores, minimizing the winning chance of organic players to maximize their profit.
In the blockchain gaming world, the consequences can be dire. We need to be alert to scammers all the time, and the governing body should keep on monitoring and coming up with the most up-to-date prevention measures to maintain the Esports platform sound and fair for everyone. The reality of today’s blockchain gaming is that players use these games as sources of income, so the developer shouldn’t be surprised that there are always users who won’t stop cheating or manipulating whenever any loophole is detected.
Often, a bigger issue from the developers’ side is that these games can easily turn into Ponzi scheme-like projects, especially since most gamers are focused on investing in assets and exploiting the game for financial purposes rather than enjoying the fun parts. Common business model of NFT P2E games today is “Pay to Win” so you are required to buy and invest in their NFT assets before even starting the game, whereas Pocket Arena’s play model is Free-To-Play-To-Earn.
Connecting Metamask wallets often work under PC. There are many restrictions and hurdles on mobile to connect your wallet whilst you are playing games. Still, the majority of players are not familiar with Metamask wallets. The first-time setting can be a bit scary, and the hacking threat always looms no matter what. Yet our statistics say that more than 70% of users play our Castle Defense on mobile.
Today, my question has got to the next level — How can one build a healthy and sustainable Web3 Esports mobile platform, solving all the bottom-line issues?
Is the P2E game really sustainable in the long run?
How can one make this Web3 gaming platform profitable for all stakeholders (the developer/investor/players)?
Is it really necessary to play games on-chain all the time?
How to push up players’ mining token’s price, preventing inflation — single tokenomics or dual tokenomics?
POC utility and burning mechanism
Here are the answers from my experiences (after trials and errors) with Pocket Arena.
Today Pocket Arena runs on a database and Hyperledger, which is a private blockchain. If a user wins enough XP by playing Castle Defense, the XP can be converted to POC, and POC can be cashed out; POC is the ERC20/BEP20 utility token of Pocket Arena.
There are upcoming major utilities of POC to be burned within this game, such as upgrading Castle, trading Castles, and Strategy trading. Also, all the NFTs in Castle Town (NFT Emoji Avatar, NFT deco items, NFT buildings, etc.) will be using POC for their trading. This Pocket Metaverse is another social interaction Metaverse where more POC burning mechanisms will be in place and the unique social values are added.
However, one can still wonder if these mentioned utilities are enough to prevent the inflation? Considering most players are dumping the mining token for their daily living, and soon there will be more and more players who want to play and mine on this platform which will cause more inflation?
Another huge utility of POC — NFT gaming assets on Ethereum side-chain
Instead of dual tokenomics, I decided single tokenomics but add more utility to POC to find this balance between players and investors.
True ownership of the gaming assets will be realized when the gaming assets can be transferred on-chain and tradable freely among Peer2Peer by decentralization. That is the reason the Pocket Arena team has been researching and developing the Ethereum side-chain; this ETH layer 2 network is temporarily named Falk, whilst current NFTs are under the Hyperledger Fabric.
Thus, POC will have another big utility for its network gas fee, and the Falk will also be used for other NFT video game assets that need the ETH side-chain for their NFTs in order to expand the ecosystem. Our Castle Defense and other PA games will be the first show cased-dapps to demonstrate this Falk Side-chain.
That’s the way that POC prices can be continuously pushed up and balanced out, preventing inflation by adding bigger utility-burning mechanisms for its network gas fee.
Pocket Arena functioning with 4 layers of tech stack
The Pocket Arena as Web3 Esports mobile gaming platform would have these 4 different tech layers as the diagram above, which can be a cumbersome structure for developers, but it is the most secure, low gas fee, and user-friendly architect structure for users. Users do not need to know what technologies are used underneath.
From users’ point of view, multi-chain support ( ETH and BSC), low gas fee & fast speed without compromising security would be the most important factors which Pocket Arena 4-layered tech stack will be covering up.
Big lesson for the security of Web3 gaming assets
The recent $600M hacking incident of Ronin Network gave us a big alarm and lesson on how to architect and maintain the blockchain games’ digital assets.
This costly lesson is that we should never compromise the security level for validator nodes for transaction speed, especially when you are depositing millions of public funds. Normally this kind of crypto deposit triggers a license in most developed countries.
The validator’s server location also matters. Hackers can easily target cloud servers. Using institutional-grade servers in different locations in high-security countries could be a good approach with the integration of cold wallet storage.
Our Pocket Arena HQ team is located in Switzerland. The most peace-of-mind approach would be to locate cold storage of crypto assets in Switzerland with a multi-signature process. In addition, we are in the process of applying for a licence of the wallet depository from an European Economic Area country to be prepared for the tightening of travel rules worldwide by FATF and to protect users from these kinds of hacking incidents.
On top of having the security measures and license in place, the blockchain tech stack of Pocket Arena with Ethereum side-chain FALK would provide a great value for gamers who still enjoy an easy and fun gaming experience, ensuring minimum gas fee, safe on-chain asset transfer and true ownerships.
We aim to release the Beta version of Falk in the 2022 summertime.
CEO, Hyong Kim
Castle Power-up Features
Castle Shield and the Castle HP are highly beneficial features of the game. When you use the Castle Shield feature, your Castle is surrounded by an energy shield that renders any attack towards it useless for 10 seconds. As for the Castle HP feature, as the name suggests, it restores the Castle health to full.
By using these features, one can stall an opponent’s attacks, recover from the damage, and plan and strategize accordingly in order to win.
Note: Instead of spending 2XP per feature, players will have to spend 6XP now.
Efficiently Revive Your Troop Using the Pause Button
Always prefer reviving your defenders rather than replacing them with new ones as reviving costs less e-coins. When it comes to reviving though, make use of the pause button before to buy more time in order to recover from the damages.
Fill out the e-Coin Pools
As you might be aware by now, e-coins are crucial in deploying troops. The more you have it, the better your defense will be as you will be earning 0.5 e-coins every 3 seconds. So wherever you see the spot to install an e-coin pool, do it; install them as early as possible.
Early Attack Indicators
After each wave, you will see a few attack indicators scattered over your screen. By tapping on one of them, you basically allow the next wave to begin before time. By doing so, you earn extra e-coins in the process.
Note: Keep in mind that if your troops are all defeated and your Castle XP fully depleted at the end of a wave, it is wise to recover before you tap the attack indicators.
Customize XP Sharing
In Contract settings, you can customize the XP sharing system in favor of the potential renters in order to get more applications for your castle. You can then choose the most qualified player to rent the castle.
On account of many wPOC being exploited by bots/macro/multitap users, we have come up with the concept of aPOC in order to sustain a healthy ecosystem for Pocket Arena.
aPOC is nothing but those wPOC which have undergone a prudent audit. Initially it was announced that aPOC will also require KYC process, but the team at Pocket Arena has decided not to conduct the KYC process for the time being.
That being said, we have come up with the following withdrawal requirements and policies:
Important Things to Note
- For every withdrawal that follows the first withdrawal, the user must have a different Metamask account; a different Metamask wallet address will be used every time. The user must create up to 10 Metamask wallet addresses and withdraw via them every week. After the 10th withdrawal, the user can withdraw from the first Metamask account again. So, you see — the withdrawal process follows a cycle of 10 addresses and after the 10th attempt, the cycle shall repeat itself.
- The POC address must be an Ethereum address that supports BEP20 and BSC Network. Until POC is listed in centralised exchanges such as Binanace, Kucoin etc., please use Metamask only.
- 5 POC must be kept in the POC wallet addresses at ALL TIMES until the next withdrawal request. If one of the POC wallet addresses has less than 5 POC, the user must wait a min. 7 days in order to enable the next withdrawal.
- The withdrawal threshold per request per week is 50 POC. The withdrawal fee is 3 POC per request and that 3 POC must be paid with Metamask separately.
The audit will be carried as per the following rules:
XPs earned from playing max 20 times per hour is allowed. (ok)
XPs earned from playing more than 20 times per hour is cancelled (not ok)
In case that you would like to appeal this audit result, you can do so by sending the relevant proof and explanations to email@example.com
However, please note that once the appeal case has been submitted, your withdrawal may be delayed for an indefinite period of time until the appeal process is officially closed.
Castle Arena is our PVP version of Castle Defense where users battle out on the virtual map of Luzerne to acquire precious lands and ultimately claim Kingship. Like in any battle (or game) it’s important to win in order to proceed further. And in order to win the battles, strategies are very important.
In Castle Arena, battles are won by attacking and defending. When it comes to attacking other land owners, we have created a section where users can fine-tune their attacks and direct troops to achieve the goal.
Why is an attack strategy important?
As highlighted earlier, strategies are important to win battles. A good, well-crafted strategy separates the player from the pack. In order to move across levels in Castle Arena, it’s important that the player plans their strategies well. This involves assembling troops and formulating attacks on various paths. We will talk about this later in the article.
Picking your attack strategy
In order to get ready to attack, it’s required that the player has XP in the Arena Pool. Once you are on the land map of Castle Arena, you are free to choose your battles.
Clicking on any knight on the map will show a pop up where the player will be presented with 2 options, one to Scout and the other to plan the Attack.
In Castle Arena before planning an attack the player is given an option to Scout. Scouting allows the attacker to check the castle’s armoury and upgrades. Accordingly, the attacker can decide whether or not to go ahead with the attack. The figure below shows the scout feature.
Clicking on Attack will lead the player to the screen to Create An Attack. Here the player can check the entry fee required for the attack, the stage selection and strategy selection as shown in the figure below.
A section where the player can select any stage options from Stage 1 to Stage 10. Each stage has 2 elements, the number of waves and the number of attack paths. As shown in the figure below, Stage 1 consists of 7 waves and 3 attack paths.
Once the player has selected the stage, they can proceed with selecting their attack strategy.
Quick Attack Strategy
The quick attack strategy helps the player to automatically go ahead with the default troops arrangements for the attack. After selecting Quick Attack Strategy, the player will be taken to the next screen where the default monsters for the mission will be displayed.
Clicking on Load will lead the player to the next screen where they can review the waves in the strategy. Clicking on Deploy activates the attack, where the opponent will have 12 hours to accept the player’s attack or lose the land.
A custom strategy can be created by selecting on New Strategy. In this type of strategy the player can deploy troops manually after selecting the stage of their choice.
When you select New Strategy, you will be presented with the screen that shows different paths at the bottom and the wave number at the top. The number of paths and waves are different for each stage as mentioned earlier.
Let’s say you click on path 1, this is what will be displayed:
You can select your monsters for each wave.
What’s interesting is each attack wave has a minimum and maximum limit (top left) pertaining to the number of monsters one can deploy in that particular wave.
Moreover, the next wave will always enable the player to deploy more monsters than the previous one. See pic below:
Now, compare the two pics. If you look closely, wave 4/7 has a minimum limit of 29 and a maximum limit of 58, compared to 8 and 16 in wave 1/7.
So accordingly, one can choose the horde of monsters for each path and wave, and build a decisive strategy.
Earning XP in Castle Arena
Castle Arena is set up in a free to play ecosystem. Being a classic tower defense game, it’s important to formulate effective battle strategies. Good strategies will help players to win and in return gain valuable XP.
There are different types of XP generated in Castle Arena. We have introduced a new XP system and the detailed explanation can be found in our whitepaper here.
Earning XP in Castle Arena follows a series of steps. It first starts with renting an NFT Castle to play Castle Defense. XP earned from each stage at Castle Arena is divided among the Castle and the Arena Pool as per the new XP Sharing system. Then with the help with the XP in the Arena Pool, the player can wage battles with other players and gain precious land as well as personal XP, which can be converted to bPOC.
We will cover this topic of XP earning extensively in our next article and will update there. Stay tuned to our official TG and social channel to know more.
Future developments for Attack Strategies
As we move forwards with Castle Arena, players will be able to save their attack strategies and reuse them for future attacks.
Players will be able to save upto 200 attack strategies. But doing so various attack strategies, with a varied combination of troops, can be used for battles. We will also be releasing new monster characters to join the troops.
Along with saving different strategies, players will also be able to sell their attack strategies in the near future. This means the attack strategy template will be traded in the Castle Market for POC.
Our team has been working extremely hard these past few months to deliver the best service and optimal performance to our users. However, on account of some unforeseen circumstances, we have some important announcements we would like to share with you.
Castle Arena Launch
As Castle Arena was in its final Quality Assurance phase, the launch was expected sooner than later. However, due to some unexpected quality issues detected, our developers need some time to fix them. As a result, Castle Arena launch has been pushed to mid-Feb (tentatively Feb 15). We apologize for the inconvenience.
Issue From the Last Audited Castle and the Compensation
It has come to our knowledge that some errors were encountered regarding previously audited Castles’ XP and Item retrieval process. We will fix this error for those who own these affected castles, and the compensation will be made to the owners before the Castle Arena launch date.
POC Staking Schedule
Staking was due to launch at the end of Jan. This too has been pushed to mid-Feb ( tentatively Feb 15). We are truly sorry for the delay. For those who participated in the pre-staking event (NFT Emoji Avatar and Castle Rent-Pre-staking event), we will grant additional interests for the delayed days based on 130% APR (As of now, 15 days are delayed, so additional 15 days’ interests on 130% APR will be given).
The standard 3 months staking rewards will be 100% APR when the official staking page goes live in Feb 2022
New Map Castle Sales — Kanton Zug
The new map Kanton Zug with a new batch of castles ( 800 Castles) is tentatively scheduled for March 2022 ( exact date will be announced). Kanton Zug is internationally recognized as a “crypto valley” and is home to a cluster of top tier crypto projects like Ethereum foundation, Polkadot, Cardano, Near protocol and… now Pocket Arena (Emoji Games) among others!
We have recently moved our domicile from Luzern to Zug! The land size of Kanton Zug (239 km²) is much smaller than Kanton Luzern (1,494 km²), so the allocated Castles will be 800 only.
The price for the new Zug map castle is EUR 149 along with 150 EUR worth of POC staking for 3 months.
NFT Emoji Avatars
The launch of 100 Limited-Edition NFT Emoji Avatars is going as planned, and they will be available by the end of Jan for selection for those who reserved.
Happy New Year! Let’s have some fun together in 2022 with Pocket Arena.
Pocket Metaverse comes to birth in Q1 2022 within the City zone of virtual map in Luzern, Switzerland. Our current 80,000 users will need an avatar in Castle Town. Two default avatars are provided for free for everyone, but it will look all the same. In order to show yourself with your own NFT character and to take part in the NFT town activities enabling you to earn extra XP, you will need an NFT emoji avatar. Like the initial NFT Castle value has increased significantly after only a few months, NFT avatar might be the same. 2022 would be the year of NFT as everyone predicts!
Reserve the limited edition of NFT emoji avatar NOW!!
The full 100 limited NFT avatar set will be available on Jan 22 on a first-come, first-served basis.
Sneak Peek of Castle Arena
The much-awaited major addition to Castle Defense is here in the form of Castle Arena. In this old-school tower defense strategy game, users can now own land, defend or attack other lands and create or join guilds to plan strategic attacks with 5000 NFTCastles, players and guilds. All of this action is bound to take place across five playable areas on the virtual map of Luzern, Switzerland. These 5 areas are Forest, Desert, Snow, Fantasy and City.
Read the full article here: https://medium.com/pocketarena/sneak-peek-of-castle-arena-97c4c6d0751
Key Development Roadmap in 2022
2021 proved to be a breakout year for team Pocket Arena with the following milestones achieved. For us, the New Year means a year of new possibilities and new ventures. So let’s look ahead to the excitement to come in the first few months of 2022.
Read the full article here: https://medium.com/pocketarena/key-development-roadmap-in-2022-79c5f1231d3e
POC Staking is coming soon!
We are happy to release our POC staking page that may be released by the end of Jan. For those who are interested in the NFT Castle and POC Pre-Staking event , hurry up to enjoy the 3months special staking rewards of 130% APR and grab the chance to buy high valued NFT Castles at €98. Apply Now
The other benefits and terms will be confirmed upon the official release.
(This page is only for illustration purposes. The detailed terms will be confirmed upon launch.)
Pocket Arena User Analytics from 28 Dec — 3 Jan for 7 days
Pocket Arena gathered over 17K users just over the course of last week. Out of those 17K, about 10K were new users with an impressive retention rate of 51%. Our top user countries for the week were Philippines, Vietnam, Romania, South Korea and the US. Moreover, the site alone (app data not included) had a massive 300K views last week.
New Revenue Sharing Structure — NFT Castle Sale
What happens when an NFT Castle is traded in the NFT Castle Market after Castle Arena is launched? Under the new profit-sharing structure of NFT Castle sales, there is a gross revenue-sharing that is based on sold castle price. Upon the sale of an NFT Castle, 4% of the profit goes to Emoji Games, and 96% of the profit goes to the owner of the NFT Castle.
Intro series of key Pocket Arena investors — 2
Pocket Arena is proud to have Signum Capital, a growth-focused investor team, in our list of esteemed investors.
Signum Capital is a MAS (Monetary Authority of Singapore) registered crypto investor that supports game-changing projects like Pocket Arena. They believe that Pocket Arena can bring sustainable P2E gaming platform which requires FUN part first than rewards part.
Read the announcement here: https://twitter.com/pocketarena/status/1476513795661086726
Pocket Arena Guilds Introduction Series
Pocket Arena Guilds are gaining a lot of traction of late with the formation of new guilds. In the past week, we have announced a new guild named 1PH-PRODIGY based in the Philippines. This week we introduced Ace Guild. There are more guild announcements in the pipeline, so do follow our Twitter to stay updated.
Blockchain gaming has really caught the wider public’s attention recently. It has become one of the biggest crypto trends, attracting millions of new users towards cryptocurrencies.
The most popular type of blockchain gaming is the Play-to-Earn model — a unique amalgamation of Decentralized Finance and Gaming, allowing players to have fun while earning valuable assets in the form of tokens, NFTs, or other digital rewards. These projects are specific, and the gamer’s primary goal is to earn.
However, because these games involve the concept of in-game purchases and real-world currencies (stored in wallets), they offer scope for ponzi schemes and a possible platform for fraudsters.
How do some Gamefi Ponzi schemes work, and how to avoid them?
Ponzi schemes work when old investors are paid back with new investors’ money without any value being added at all. These keep functioning with potentially never-ending investors coming in.
Many Play-to-Earn models use this “pyramid” structure to lure in players solely on the pretext of “staking money to make profit”. This, in reality, turns out to be “pay to play” disguised under the “play to earn” analogy.
More players are added in a certain timeframe than the already existing ones, ensuring the demand for NFTs. If the number of new users falls below the level of existing users, the same will apply to the demand for NFTs as well — and the value of the token will plummet.
Play-to-earn games that attract gamers via high investment yields are quite unsustainable on account of high distribution of tokens without burning mechanisms and strong use cases in place to control the supply, eventually causing a bad plunge in token prices.
One must be wary of such schemes wherein people are required to invest in order to make some profit. If it sounds too good to be true, it probably is.
Pocket Arena setting an example for a sustainable play-to-earn model
Pocket Arena, a free play-to-earn NFT gaming platform, has developed a sustainable economic model with a robust mechanism in order to maintain a healthy economy by the strategy of combining NFTs and esports at its core.
Players here can play the games for free and turn the XPs they earn into POC tokens, that have real-world value, stored in wallets. There’s no obligation to invest, but those who wish to, can.
Take Pocket Arena’s flagship game, Castle Defense, for instance. It works on the premise of buying the fresh NFT Castle, earning XPs, and upgrading castles. In this case, one can choose to buy a castle and hire a player to use the castle in-game, or simply apply to enhance a castle owned by someone else. This way, all parties benefit.
NFT Castles with XPs collected will eventually have more intrinsic value because these XP can not be bought by POC nor by other financial instruments. This XP collected is purely due to the efforts, skills, and time contributed by eSports players. These are priceless and can’t be bought with money.
That is the reason that this XP can be exchanged into real rewards, which can be used for NFT item purchases or can also be cashed out. However, this doesn’t work in the opposite direction where XP can be bought with POC. That is a very clear principle for Pocket Arena that we value the spirit of esports.
Implementing burning mechanisms of these XPs is also important to prevent the inflation of POC prices. In order to win the battle and Esports, you will have to upgrade your in-game items and need to pay some entry fee with XP to participate in the battle as well.
This burning mechanism is very common for the traditional gaming industry as a Pay to Play. Users are required to pay considerable money to upgrade their game items. However, in Pocket Arena, these game item upgrades can be paid with your earned XPs. The XPs make your NFT Castle truly unique and valuable. These high-priced NFT Castle can only be enhanced with the help of highly skilled esports players. If your player has no skills, then he/she will just end up wasting your XP by upgrading wrong items and using them in non-strategic ways.
Eventually, Pocket Arena will pursue the mechanism that true and high-skilled Esports players will enjoy the biggest benefits. Also, those who have no skills can also share the benefits by hiring these pro-players.
From an end-user’s perspective, one gets to experience high-quality entertainment with eSports features (Castle Arena’s PvP battle and eSports mode within PA casual games), and get rewarded with POC tokens.
Moreover, we are fully committed to ensuring that the platform is safe, secure and fair for gamers by conducting regular audits of players’ wPOC in order to detect those which have been collected in illegitimate ways. These users will have no more room in Pocket Arena as we have introduced aPOC that makes sure these XPs are not manipulated via our strict audit process, including KYC. We have seen from a few pioneering gaming projects like Axie Infinity had suffered by some initial whales who used bots.
Pocket Arena’s mission is to create a sustainable eSports platform that everyone can enjoy and engage in safe in-game item trading via blockchain technology.