This article starts with Space Alpaca as a starting point, analyzing the value of its dual-currency economic model, as well as the entire new ecosystem and its future vision.
GameFi refers to the emerging trend in the blockchain field that combines game elements with financial elements. Players can earn tokens or other rewards by playing games, which is commonly known as the Play-to-Earn game mode in recent years. An ideal GameFi ecosystem allows players to earn real returns while achieving the democratization of game finance by combining the composability of blockchain.
Although the concept of playing and earning in games is ideal, in recent years, many GameFi games have often ended up in a downward spiral, causing more and more people to lose confidence in Play-to-Earn games. Game systems often come with inherent problems such as excessive speculation, security issues, and the sustainability of in-game economies. The dual-currency system may also lead to imbalances between tokens and problems with value liquidity.
Space Alpaca is a new strategic Play-to-Earn card GameFi that combines farming and financial gameplay, divided into farm management and battle sections. Gameplay includes farm management, player battles, and dungeon challenges, allowing players to develop and update game strategies, research the best team strategies and management methods, and various gameplay to help you earn maximum profits!
Space Alpaca conducts in-depth analysis of past GameFi projects and proposes a brand new dual-token economic model to address the common drawbacks of previous blockchain game dual-token models. The following text will explain to readers, starting with Space Alpaca, its dual-currency economic model value, as well as the entire new ecosystem and its future vision.
Limited Game Lifespan Traditional Dual-Token Model Drawbacks: How StepN and Axie Infinity Are Heading Downhill
The dual-token economic model is a common pattern in recent years among blockchain games. As the name suggests, the dual-token model typically consists of a system with two tokens, usually a primary token used for governance and security, and another used as a stable token for trading and value storage. The dual-token structure provides speculative nature to customers while using stablecoins to provide value stability. However, there are often drawbacks.
Past popular blockchain games such as StepN and Axie Infinity have encountered many challenges due to the use of the dual-token economic model, especially the often mismatch between token prices and the lifespan of the game. Even the most popular game projects have a certain lifespan. Problems such as imbalanced token value, lack of value liquidity, and the sustainability of in-game economies have emerged over time.
Taking StepN as an example, its economic model heavily relies on new capital inflows to drive it. However, games often have a limited lifespan, and no game can last forever. When the game is popular, the game token price steadily rises, while the governance token remains stable, and the game's dual-token mechanism works perfectly. But after the hype, because the application value of the game token is single, the token price starts to stabilize, and the governance token with fixed supply loses its meaning and becomes a worthless token. Similarly, the once popular Axie Infinity also adopted a dual-token economy. It attracted the attention of many players in the early stages of the game's launch, but later, due to the influx of many players, the in-game token SLP depreciated. When the SLP price fell, Axie pets also became worthless, rendering the efforts of the players in vain.
What are the New Dual-Token Economic Model SPAL and Space Shard Tokens?
The Space Alpaca game uses two tokens, SPAL and Space Shard (SS).
SPAL is the governance token on Space Alpaca, which users can obtain from early presales and airdrops, purchase from centralized exchanges, and receive as rewards from staking guilds and guild competition rewards. SPAL can be used to draw NFT blind boxes, purchase NFTs from the secondary market, join guilds, stake in guilds, and swap Space Shard from the Space Wallet.
Space Shard is the in-game token, which can be obtained through NFT computing power rebates, used to expand land, upgrade weapons and armor, swap SPAL from the Space Wallet, and exchange for USDT on Pancake Swap.
The project has a burning mechanism to ensure stability and token circulation. For example, every time a player uses SPAL to draw a blind box, 80% of the value will be transferred to the LP pool of Space Shard to increase liquidity. A good burning mechanism can maintain the deflationary state of the game token, ensuring that the price fluctuation will not be too large and guaranteeing user profits.
Adding Unlimited Circulating Value to Limited-Lifespan Games and Focusing on the Future Development of the Project
Space Alpaca recognizes the limited lifespan of games and the importance of liquidity within games, and has proposed a brand new game design concept based on this core understanding. The difference from past projects lies in the fact that the utility of the profit token Space Shard is not limited to the Space Alpaca game, but is universal across various games in the project's future, and even in other projects within the ecosystem. It aims to create a game system with liquidity at its core and driven by the community.
In the next quarter, Space Alpaca will release a large number of blockchain games and develop an ecosystem to support them, including wallets, public chains, NFT markets, and more, all using Space Shard as the token. With Space Shard as its primary currency, players will be able to transfer assets from one game or community to another, achieving asset interoperability between games.
The Space Shard system adds unlimited circulating value to limited-lifespan games, ensuring long-term development and player participation, even after a game's popularity fades, and guarantees that the value of Space Shard will not decline.
Space Alpaca Vision
As mentioned in the article, past GameFi projects such as Axie Infinity and StepN were once extremely popular, and the skyrocketing launch of GameFi projects seems predictable, but more importantly, it is about creating a sustainable system.
As a brand new GameFi game, Space Alpaca has made corrections to past issues and fundamentally redesigned the game economy. Its core strategy not only focuses on short-term game economic balance but also emphasizes long-term economic sustainability and player value. It goes beyond improving the game economic model and focuses on its vision and direction for the entire GameFi field. By reshaping the concept of GameFi, Space Alpaca provides players with a more unique GameFi gaming experience.
Participate in the SPAL presale and be the first to join Galxe before its launch
Space Alpaca is expected to officially launch in December, and the official announcement earlier stated that it has passed the Certik audit, with a security score of 91.5 for the contract code. Space Alpaca is currently undergoing further review by more industry security code advisory companies to ensure the security of the project's smart contract code.
Although the game has not been officially launched, the official promotion campaign has already begun to generate interest. Users can now subscribe to the SPAL token or participate in the Galxe event to receive airdrop opportunities.
Galxe Event: https://galxe.com/SpaceAlpaca/campaign/GCCMFUHfH5
Galxe Event Tutorial: https://medium.com/@_Space_Alpaca/5m-spal-and-in-game-nfts-airdrops-on-galxe-2fa3d6bee510
Subscribe to SPAL: https://app.space-alpaca.com
SPAL Subscription Tutorial: https://medium.com/@_Space_Alpaca/beginners-guide-spal-purchase-tutorial-e53ff2c23d2f
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