Creating a Sustainable Play-to-Earn NFT Gaming Platform

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

, 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 

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, , 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.

NFT Castle Sale — New Revenue Sharing Structure

NFT Castles are real hot-selling NFT items!

Fresh NFT Castles were being sold at 98EUR along with a limited-time promotion of some initial castles at 48EUR during the first two months in July and Aug 2021. Since then, an XP included NFT Castle has also been traded for max 800EUR in a P2P sale at the NFT Castle Market.

So what happens when an NFT Castle is traded in the NFT Castle Market after Castle Arena is launched?

Since castles are rented out to players who play the game, earn XP and upgrade the castle, there is a current profit-sharing that follows. However there will be a new revenue share framework applicable under Castle Arena mechanism in January 2022. The exact date of Castle Arena launch will be announced soon.

Old profit-sharing structure

When an NFT Castle is sold in a P2P transaction in the marketplace, 78% of the sale proceeds go to the sponsor, in other words, the NFT Castle owner. 18% goes to the players as the players are the ones who have rented the NFT castle and have increased its value by playing and upgrading it. Furthermore, 4% is charged by Emoji Games as transaction fees.

New revenue-sharing structure

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 (also called the sponsor or the seller of the NFT Castle). The figure below depicts the new profit-sharing structure.

Benefits to the players under the new profit-sharing structure

After the launch of Castle Arena, there is no revenue shared with the player from the castle sale, under the new profit sharing structure.

After the launch of Castle Arena the player will have bigger flexibility of imminent earnings of XP as per the new revenue share structure. XP earning will be through Daily Challenges, PvE Battles and also PvP Battles (Castle Arena). Please visit the link below to know more about the new revenue share structure.

Castle Arena New Revenue Share Structure

The NFT Castle sale, new revenue sharing structure will be applicable to the castles which have gone through the P2P trading AFTER Castle Arena kicks off.

The contributions from players under the old revenue sharing program will stay there for the old profit-sharing until the new trading takes place after the launch of Castle Arena (estimated launch date is mid to late Jan).

For Example

Let’s say Castle Arena launches on 20th Jan 2022.

If an NFT castle owner sells his/her castle (№20) on 21st Jan 2022, the old profit-sharing applies to the sale (which indicates a 78% of net profit).

And then if the NFT castle owner (№20) sells the castle on 30th Jan 2022 to another new buyer, then the castle owner receives 96% from the sold castle price.

Besides, as announced previously, the cap of NFT Castle sales price will be increased to EUR 3000 by using POC as the payment method. Credit Card payment is still possible but will be limited to max Castle sale price of EUR 800. The waiting period of 6 weeks will still remain applicable for credit card P2P payment due to stolen card dispute issues. When POC is used in payment, the waiting period will be lifted.

Special Event — NFT Castle, Rent, Buy and POC Pre-Staking (1st Run)

Background

Due to a massive increase of Pocket Arena users, lots of people are in a long queue to rent NFT castles. Considering this,  we are starting a special event (with 3-5 times of series) to provide a special rent of NFT Castles owned by Emoji Games followed by transfer of the ownership from Emoji Games to you at the special price of EUR 98. This is applicable to  those who are staking a minimum of 1000 USD of POC for 3 months. 

These NFT Castles were initially rented by Emoji Games a few months ago to players and some XP have been collected in these castles. We are glad to rent these castles to those who are keen to play Castle Defense with the following terms and conditions .

Event Summary

Rent NFT Castles (with XP inside) from Emoji Games and claim your ownership of that castle by buying 1000 USD of POC from Pancakeswap and staking them for 3 months at the Castle price of EUR98 only and enjoy the staking rewards of 130% APR. 

50 Castles will be taken on a first-come, first-served basis. 

How It Works

Fill in this Castle Renting Event Application Form and submit. Ensure you are ready with the following:

  1. Your PA ID details (User Name, Email ID and 12 digit code ID)
  2. Your POC purchase TX link. (min. 1000 USD worth of POC) from PancakeSwap effective from 29th Dec 2021.
  3. Choose your one preferred castle number from the list. 

50 Available NFTCastle Selection List for the 1st Run

After the successful submission of application, you will receive a confirmation email from service@pocketarena.com within 1-3 working days. After receiving the confirmations go to “Manual Contract” section on the castle selection menu, search your selected NFT Castle number and request “Rent”. The Pocket Arena Team be alerted and  will allow you to rent the respective castle. 

You can continue to rent the NFT Castle, as long as you have not sold the POC until the POC staking system is completed. As soon as your purchased POC (min. 1000 USD of purchase) is staked for 3 months (130% APR), you can make the payment of EUR98 and transfer the ownership of the NFT Castle to yourself. 

POC staking may be available in late Jan 2022 like below ( example of how it may look). However the exact date may be announced.

Please note the following terms and conditions.

  • The POC purchase should be made on 29th Dec 2021 or later.
  • Upon staking, users are required to connect their Metamask wallets and sign in with their PA ID. Therefore, your wallet address submitted in the application should match with the connecting address upon staking.
  • If  you have submitted another person’s purchase TX link in the application form, your Pocket Arena account will be blacklisted and restricted from any events in the future. 
  • Your renting may be discontinued if you sell your POC upon renewing the rent contract.
  • If you sell your POC before staking is complete or if you have not made the payment of EUR98 within the due date, your right to claim the ownership for the Castle will be forfeited.
  • One PA account can send only one application with one unique wallet address.

Play-to-earn NFT gaming portal and platform combines the metaverse with esports to encourage participation

As it currently stands, there is a lot of hype around the metaverse concept. While market excitement exists, fundamental considerations are still being overlooked, namely, the desire for others to be a part of it. Namely, the desire for others to want to be a part of it. This leaves an important question on the table: how can pioneers in this industry excite people enough to want to spend a substantial amount of their time and money in a digital format. Would the metaverse need to be futuristic in context, closer to the real world, composed of online avatars or designed for gamers? Surprisingly, among the top answers is esports. Here’s why.

By providing the world, and more specifically, gamers, the opportunity to battle with each other and earn real rewards, some incentive is given for people to participate in this digital space. For this reason, the concept of “play-to-earn,” or P2E, becomes crucial in providing power back to the players that support the game, rather than one of two members of the gaming duopoly that exists today.

Therefore, this business model takes an open economy, provides financial benefits to all participants in it and further guarantees that any games earned don’t ever leave the player’s possession. While this covers the earning aspect, something needs to be said for the entertainment factor. Without the introduction of competition and winning, the metaverse is little more than an online shopping center with spending opportunities, a world that one can only spend so much time in.

Pocket Arena is shaping the narrative with the vision to create an easy-to-use and trusted gaming ecosystem for tournaments and casual games, where anyone can be rewarded for their efforts. By taking esports and the metaverse and combining it with NFT castles into this old-school strategy or castle defense game, Pocket Arena was born.

Positioned for an upwards trajectory

The difference is rather than allowing metaverse entrance through the sale of land plots that can be purchased by people who already have a large amount of capital at their disposal, the game is targeted to reward those with good gaming skills. Therefore, land plots are provided to esports players to enhance, a decision that has guided the rest of the initial game development.

The team’s flagship game, Castle Defense, already accounts for more than 10,000 daily active users that span across the globe, including participants from the Philippines, Vietnam, India, the United States and South Korea, spending on average 30 min per user in the Pocket Arena. With initial success, the game’s evolution will include the introduction of guilds, or in other words, groups of professional esports players who come together to manage NFT castles and further increase their in-game value. The NFT Castle price was initially sold at 49 EUR, and currently, these are being traded at 800EUR depending on the strength level of the Castle by showing 3.3 times of value increase within three months time.

MORE INSIGHTS ON POCKETARENA HERE

With the introduction of a new land feature, the opportunities to own NFT items and earn will increase, making the 2D metaverse all that more interesting. The emergence of esports battles and the metaverse will create an experience much more enticing for users.

Opening the land map

Pocket Arena has announced the closing of a $2.14 million private round by selling 3.3% of the total supply of Pocket Arena Token (POC) from several industry-leading investors, including Signum Capital, Unanimous Capital, Legion Ventures, LD Capital, Ethereal Capital, Brotherhood Ventures, Exnetwork, Halvings Capital, Master Ventures, Calamari Ventures, Minted Lab and Standard Merchant, as well as leading influencers such as Slavik Junge, Alexander Kondrashov, Evan Luthra and others.

Alongside this funding, Pocket Arena Token has successfully listed on PancakeSwap (CAKE), allowing users to cash out and trade. With strong backing, the team has recently released their Land Map, where the 5000 NFT Castle owners are able to look at and choose a plot of land for their own NFT Castle. This PvP (players-versus-players) battle called Castle Arena will kick off in mid-January 2022.

Emoji Games, the company behind Pocket Arena, has been in the mobile gaming industry since 2005 as a long-term partner of Samsung Mobile and working with many global companies such as Meta (formerly Facebook), Kakao Games, Electronic Arts, Sega, Namco and others.

Article Link: https://cointelegraph.com/news/play-to-earn-nft-gaming-portal-and-platform-combines-the-metaverse-with-esports-to-encourage-participation

$POC Trading Competition - 3rd Run

The $POC Trading Competition — 2nd Run has ended on 23rd December 2021. Congratulations to the winners below. 

As announced earlier, we are now launching the 3rd run of the $POC Trading Competition. 

$POC Trading Competition — 3rd Run

The end of the 1st and the 2nd run of the $POC Trading Competition brought about the introduction of the 3rd round. The 3rd round has already started from 23rd Dec 2pm UTC. 

In this round, we will reward the Top 5 Buyers and Holders of $POC from 30th November 2021 to 3rd January 2020 with the highly valued NFTCastles with XP included as listed below. 

Please note, there will be no daily winners in the 3rd run of the $POC Trading Competition. The 3rd run will end on 3rd January 2022 at 2PM UTC.

Direct link to buy POC on PancakeSwap

You can click the PancakeSwap link here and view the BUSD/POC trading pair directly. Please add POC and BUSD once you are prompted to add them in your Metamask when you do the trade/swap.

Winners Announcement

The final winners will be announced on 4rd January 2020 on https://twitter.com/pocketarena. The winners can claim the prizes by sending an email to service@pocketarena.com with the PA ID and the full wallet address. After the address verification, we will send the Castles to the user’s account directly. Note : Winners are required to claim Castle prizes by 10 Jan 2022 at the latest. If you claim later than 10 Jan 2022, your prize entitlements will be forfeited. 

More information about $POC 

Total/max. supply of $POC = 1,000,000,000 POC and the current circulating supply of $POC is 759,970. The 90% of LP Tokens at PancakeSwap are locked.

  • About the Pocket Arena Team (Emoji Games GmbH). 
  • Swiss mobile game developer http://emojigames.io since 2005. 
  • Partner of many giant companies — Samsung Mobile, Facebook etc.
  • Profitable company with current ARR 4m$. 
  • Current Daily Active Users of Pocket Arena : 10,000
  • Retention Rate : 46% 
  • Top countries of users : Philippines, Vietnam, India, South Korea, US
  • $POC main investors: Signum Capital, LD Capital, Unanimous Capital. See more details here.

Start trading $POC NOW: s.pocketarena.io/3xIKNsQ 

DEXtool info: s.pocketarena.io/3xU1jpQ

 

Castle Defense Items Upgrade Guide

In-game item upgrades are important if you want to progress from one level to another in any game. Upgrades give you an extra edge over the competition and allows you to strategically plan your attack.

Castle Defense fans will know the two popular characters of our flagship game. The Knight and the Wizard, who are essential in battling across various land stages of the game along with the Cannon Tower and the Lightning Tower.

We have now introduced crucial item upgrades to these in-game characters and towers. With these upgrades the characters and towers can now be equipped with gear to increase their power, customize their abilities, and unlock new abilities.

In this post we will talk about the Knight, the Wizard and the towers featured in Castle Defense and their items upgrade. Read to know more.

What is a Knight?

Brave Knights will fend off a spectrum of monsters marching towards your castle. Nothing is better than a traditional mounted armored soldier when it comes to close combat. Equip this defender with multiple items in order to enhance his battle abilities, both offensively and defensively.

What is a Wizard?

Gallant Wizards will cast powerful spells on enemy hordes and protect your castle from damage. Wizards come in handy when resisting attacking monsters from a distance. As you progress in the game, you can equip the Wizard with various items by using your XPs, upgrading his abilities as well.

Knights Retrofit Upgradable Items

There are five items if a player wants to upgrade the Knight. The items available are as follows:

Knight’s Sword

A steel sword that’s designed for battles against monsters.

Iron Helmet 

The helmet covers the head of the Knight and offers a great protection against damage.

Iron Amour

A steel chest that’s designed for brave knights who battle monsters at the forefront.

Iron Boots

A pair of heavy iron boots better suited for knights.

Knight’s Ring

A rare piece of jewelry that brings immortality to its wearer.

Wizards Retrofit Upgradable Items

There are five items if a player wants to upgrade the Wizard. The items available are as follows:

Wooden Wand

A staff made from the branch of an ancient tree which holds vast magical powers.

Wizard Hood

A mystic hat, made specifically for wizards, to boost their attack speed.

Fabric Robe

An exclusive robe for wizards that protect them from various dangers.

Leather Boots

A pair of leather boots better suited for wizards.

Book of Fire

A book containing a powerful magic of fire for magicians.

Cannon Tower

Cannon Towers are very effective against ground attacks, but cannot defend against aerial attacks. By equipping with the Destruction Machine item, Cannon Tower can be upgraded to a Destruction Machine which reinforces the bomb shrapnel to pierce through a huge part of enemies’ armor. 

Lightning Tower

Lightning Towers are very effective against aerial attacks, but less effective against ground attacks. By equipping Storm Tower item, Lightning Towers can be upgraded which inturn  improves the chain power and range, as well as create a static field around itself to strike all incoming enemies at max level.The amount of damage and attack range of a lightning tower is more than that of a cannon tower.

XP required to upgrade Castle Defense Items

XP is required in order to upgrade the knight, wizard and towers with additional items. These upgraded items will enhance damage, attack speed and range thereby allowing players to complete land battle stages and progress to the next round.

The following table below lists out the amount of XP required to upgrade the Knight, Wizard, Cannon Tower and Lightning Tower.

 

Pocket Arena Esports Broadcasters Recruitment

Our Castle Defense PvP battle — “Castle Arena” battle for the land of Luzern, Switzerland starts in Jan 2022 with 5000 NFT Castles, players, guilds.

The biggest fun part would be watching the highlights of the Esports match of the day. So keeping this in mind we have decided to recruit professional eSports Broadcasters in different languages.

Successfully recruited broadcasters will be compensated in USD or EUR with bonus as a contractor of Emoji Games. To sign up for professional eSports Broadcasters program please fill the form below.

Pocket Arena Esports Broadcasters Recruitment Form

If you are eligible, we will contact you after some days via our official email address — business@pocketarena.com

$POC Trading Competition - 2nd Run

Our team at Pocket Arena has been busy introducing events to engage and give back to our community. One of the event was the $POC Trading Event which was created to celebrate the successful launch of $POC on PancakeSwap. Winners (Daily winners + Biggest buyers) won #NFTCastles.

NFT Castles are a precious commodity in the Pocket Arena ecosystem. 5000 of such NFT Castles have been sold out at an initial price of 49 EUR/98 EUR, 3 months ago and now they are being traded at a rate as high as 800 EUR (depending on the XP and the castle number).

NFT Castle P2P trading will be available from Jan 2022 onwards. The trading will also be in $POC and the maximum price of trading an NFT Castle will be raised to 3000 EUR.

The staking and the lottery system will also be implemented in Jan 2022.

Direct link to buy POC on PancakeSwap

You can click the link below and view the BUSD/POC trading pair directly. Please add POC and BUSD once you are prompted to add them in your Metamask when you do the trade/swap.

https://pancakeswap.finance/swap?inputCurrency=0xe9e7cea3dedca5984780bafc599bd69add087d56&outputCurrency=0x1b6609830c695f1c0692123bd2fd6d01f6794b98

$POC Trading Event — 2nd run

The 2nd run of the $POC Trading Event is here. Followed by the success of the 1st run of $POC trading competition, we are happy to announce the 2nd run has started from 16th Dec 2pm UTC to 23rd Dec 2PM UTC. The 3rd run will be continued immediately after the completion of the 2nd run.

1. Daily Prizes: There will be daily prizes in the form of NFT Castles, for the biggest buyer and holder of the day during the last 24 hours. The cut-off times and each NFT Castle number is allocated for the daily prizes category is as follows.

2. Final Prizes: This category is further split into 2 sections. It consists of top 5 buyers and holders and top 5 trading volume makers (Buy and sell) during this time frame from 16 Dec 2PM UTC until 23 Dec 2PM UTC.  The top 5 winners of each category can choose their preferred castle among the list by the order of rank. 

The final winners will be announced on 24th Dec 2022 on https://twitter.com/pocketarena. The winners can claim the prizes by sending an email to service@pocketarena.com with the PA ID and the full wallet address. After the address verification, we will send the Castles to the user’s account directly.

For the final prize winners of the 1st Run (from 09th Dec — 16th Dec) as well as the 2nd Run, if you hold the purchased $POC without selling until the 3rd run ends, then 5 special valued NFT castles will be rewarded to the top 5 holders additionally.

Play to Earn NFT Gaming Portal and Platform Pocket Arena Raises $2 Million

Play to Earn NFT gaming portal and platform Pocket Arena has announced the successful closing of a $2.14 million private round from leading blockchain investors. The backers include Signum Capital, Unanimous Capital, LD Capital, Legion Ventures, Ethereal Capital, Calamari Ventures, Brotherhood Ventures, Halvings Capital, Exnetwork, Master Ventures, Standard Merchant, and Minted Lab.

Additionally, 58 global KOLs (Key Opinion Leaders) and over 160 crypto community groups and channels participated, including the leading influencers such as Slavik Junge (2.9M followers of Tiktok), Alexander Kondrashov (2.5M followers of Instagram), Evan Luthra (2M followers of Instagram), and many other strong KOLs who own various crypto communities from Japan, Thailand, Vietnam, South Korea, Italy, Romania, South Africa, Philippines, India, Turkey, Russia, Latin America and so on.

One of Pocket Arena’s flagship games, Castle Defense, has attracted more than 6,000 Daily Active Unique Users representing scholars/players from all over the world. The most played countries are Philippines and Vietnam with the average playing time of 40 minutes, all of which occurred before the POC token was launched.

Hyong S. Kim, the CEO of Emoji Games, the company behind Pocket Arena says,

“We are excited to have the support of a global network of VCs, influencers, and community members. Community is key to the ecosystem behind Pocket Arena and Castle Defense and everything we do is focused on providing an exceptional gameplay and experience for our users and fans.”

The private round sold 3.3% of total supply of $POC, which is subject to the condition of 3 months lockup and 12 months vesting period.

Article source: https://finance.yahoo.com/news/play-earn-nft-gaming-portal-191100211.html

$POC Audit report

We are pleased to announce that our $POC, ERC20/BEP20, cross-chain token has got a  “Well-Secured” rating by leading smart contract auditor, Hacken.  This cross-chain token is a highly innovative token, requiring advanced levels of blockchain technology. We are particularly proud of this audit result because it proves that our blockchain tech team is highly skilled and security orientated.

The reason we decided to go for this cross-chain is that Ethereum networks gas price is getting insanely higher and it does not make sense to pay such high gas fee for game related digital assets, yet ERC20 is a standard protocol which is beneficial for many exchange listing and NFTs open markets, which will help Pocket Arena team to widen our ecosystem. Binance Smart Chain is widely used for many gaming tokens and the gas fee is reasonable and affordable, which is much more practical for game users in reality.   

In October 2021, we contacted Hacken for a Smart Contract Code Review and Security Analysis. Following which security assessment of Pocket Arena’s smart contract and code review was conducted. 

The smart contract was scanned for commonly known and more specific vulnerabilities such as Reentrancy, Ownership Takeover, Timestamp Dependence, Gas Limit and Loops and more.

Deployed Contracts:

1. ERC20 Address: https://etherscan.io/token/0x095cf7f3e82a1dcadbf0fbc59023f419883ea296

2. BEP20 Address:https://bscscan.com/token/0x1b6609830c695f1c0692123bd2fd6d01f6794b98

Result

According to the assessment, Pocket Arena’s smart contracts are well-secured.

View the full report: https://hacken.io/audits/#pocket_arena

Public Announcement

We have noticed that there are plenty of FAKE Pocket Arena pages and profiles operating. Please exercise caution while dealing with such groups. For everything OFFICIAL about Pocket Arena, please visit https://linktr.ee/PocketArena