Gacha WEB 3.0
The core of Meta Livly's economic structure
As the economic structure of many P2E services has faltered recently, players are demanding an economic model based on a more robust value. Meta Livly introduces a new tokenomics that will enable the creation of a clearer value.
What is 「Gacha」?
'Gacha' originates from toy vending machines in Japan. The name came from the sound of turning a lever to pull out a toy. Gacha refers to a machine where people pay a certain amount of money and get randomly picked items similar to a random box. Started in Japan in the late 2000s, it is now popular as an item tool for games around the world. Gacha has been a major source of income for game companies. The Gacha tool, which distributes rare items according to a set probability, was able to bring huge profits to companies because it allowed users to have a variety of fun and thrill in the process of acquiring items.
What is 「Gacha WEB 3.0」?
Gacha WEB 3.0 is a completely new and innovative model presented to players by Cocone M. Up until now, all the profits from Gachas belonged undoubtedly to the company. You probably think this is common sense. The innovation of Cocone M begins with changing this obvious story.
Yielding the biggest revenue source to players
We plan to return most of 'Gacha Revenue' to our players. This is the core concept of 'Gacha WEB 3.0.' From this perspective, we've configured Gacha WEB 3.0 in three ways.
The currency ($SD, CC, GP) used in Gacha, the core BM content of CCP (Character Coordinating Play) that generates item rarity, is distributed to players as rewards for the following two play activities. The reward pool is calculated based on the Gacha sales 7 days before. After incinerating 10% of the reward pool in advance, it is divided into 'Gacha Mining' and 'Item Staking' rewards.
1) Gacha Mining: When mining through purchasing a Gacha theme's mining right (NFT), players will receive 75% of the currency consumed on the theme. The amount each player receive varies depending on the mining power share of the players with mining rights.
2) Item Staking: When the combined coordinated items are staked for research purposes, the score for each item is calculated based on rarity. 25% of the currency used in Gacha 7 days before is distributed as a reward to the top rankers according to the reward table.
3) NFT Minting & Trading functions are provided to guarantee the ownership of items players collected through their time and capital investment. It allows users to use them to monetize their assets at their will. Items minted as NFT can be traded with $MOOI tokens on NFT Marketplace.
※ All CC spent on Gacha, excluding free amount and platform commission is converted to $SD, and it is configured to be included in the research reward pool. At this point, the exchange ratio between CC and $SD follows the cost of spinning Gacha once in the app (150CC = 20SD). ※ The Gacha WEB 3.0 reward will be distributed to players after incinerating 10% of the currency used in Gacha for inflation control. The pre-incineration percentage may change depending on the $SD circulation status. ※ In the initial stage, an additional reward rate will be applied to the Gacha WEB 3.0 Reward Pool for economic stimulation. The additional reward will be added to +400% and gradually decrease to +0% as the economy matures.
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